Emerging Markets
- Halle Berry wins legal battle against ex Aubry over daughter#039;s custody
Halle Berry has won her legal fight to prevent her former beau Gabriel Aubry from having unsupervised visits to their daughter. - Mancini claims Capello could have won #039;Euros#039; for England
Manchester City manager Roberto Mancini has defended his fellow Italian Fabio Capello and believes he could have won England the Euros in 2012. - Spanish photographer wins world press photo award
Spanish photographer Samuel Aranda Friday won the 2011 World Press Photo of the Year. - Brit couple wins 45 million pounds in lottery
A British man, who works as a painter and decorator, won more than 45 million-pound in Euromillions draw, along with his fiancee. - Daniel Radcliffe returned cash prize from #039;Potter#039; quiz
Daniel Radcliffe refused to take the cash prize that he won in the lucky dip at a quiz as he felt he couldn#039;t just quot;take their money.quot; - Emerging markets get their mojo back - The Buzz
Chinese stocks are on fire in 2012 on hopes of lower rates and a global recovery. Markets in Brazil and India have surged too. Click chart for more ... - Greece weighs on Brazil stocks, Petrobras tanks
SAN FRANCISCO (MarketWatch) -- Brazil#039;s benchmark index closed down more than 2% on Friday after euro-zone officials demanded additional austerity measures from Greece and delayed approval of ...
- Charts Of The Day: Japanese Yen, Australian Rates (Emerging Markets Monitor)
Japan officially ran its first annual trade deficit since 1980 last year, according to finance ministry data. The country's merchandise trade shortfall came in at a provisional JPY2.49trn in 2011 - a remarkable turnaround from the JPY6.63trn surplus clocked in the previous calendar year - and the key question for investors going forward is whether the trend of trade deficits is here to stay. As outlined last week - Shilling Strength Bolstering Debt View (Emerging Markets Monitor)
BMI View: The Ugandan shilling is testing long-term resistance on the back of tight monetary policy and consequent lack of domestic liquidity, and the next several days of trading will be crucial for our view on local debt. The recent rally has already had positive implications for our position on the 91-day T-Bill, which has posted more than 6% in gains since initiation less than one month ago. - Western Balkan Equities: BELEX15 Underperformance To Continue (Emerging Markets Monitor)
Our outlook for Western Balkan equities remains firmly negative despite Croatia's CROBEX, Serbia's BELEX15 and Bulgaria's SOFIX equity indices all having experienced short-term bounces as we had expected. These three economies are highly exposed to the macroeconomic headwinds prevailing from Western Europe - we expect the eurozone bloc to contract on aggregate by 0.3% in real terms and European banks to continue deleveraging and divesting to build capital buffers -combined with the compositions of these stock exchanges, we see little potential for a strong recovery in share prices in the coming months. - CRC: Strong In 2012, But Weaker Thereafter (Emerging Markets Monitor)
Despite high volatility in recent weeks, the Costa Rican colón has rallied over the last few months, strengthening 2.3% from its October 2011 low of CRC521.25/US$, and we believe the unit has potential for further upside in the short term. In line with this view, we have revised up our average and end of period forecasts for 2012 slightly from CRC525.00/US$ and CRC533.00/US$ to CRC515.80/US$ and CRC523.00/US$ respectively. - Global Rice Outlook: India Focus (Emerging Markets Monitor)
BMI View: Favourable weather, coupled with a larger area planted, form the basis of our forecast for another strong year of rice output in 2011/12.We forecast rice production to grow 4.7% year-on-year to 99.8mn tonnes, a slight way off from the government's target of total rice output at 102.0mn tonnes. India's well-supplied rice market supports our view for rice prices to average lower at US$14.50 this year.