All Posts > Content under Middle East & Africa
No Emerging Markets Route II
Article By:
Vivian Lewis
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Thursday, January 30, 2014 4:08 PM EDT
The long-awaited Turkish rate hike took markets by surprise although higher rates to fight inflation were expected for weeks. Turkish interest rates went from 4.5% to 10% in one fell swoop to try to shock lire short-sellers. This led to some reversal of the anti-emerging markets trend.
Turkey’s Central Bank Fires Big Bertha
Article By:
Acting-Man
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Thursday, January 30, 2014 3:48 PM EDT
Turkey is trying to restore some credibility to its faltering currency. In defiance of political pressure, it has raised rates at a special meeting. And they didn't waste time with baby step rate hikes either...
Shock And Ouch: Turkish Central Bank Intervention Now Fully Faded As Lira Collapse Returns
Article By:
Tyler Durden
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Wednesday, January 29, 2014 1:25 PM EDT
Didn't take long for the excitement to fade.
Which Way Wednesday – FOMC Edition
Article By:
Phil Davis
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Wednesday, January 29, 2014 12:05 PM EDT
The reality is, there's not all that much Obama can do without Congress and it's the Democrats' objective to make that clear.
Emerging Market Meltdown Resumes
Article By:
Tyler Durden
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Wednesday, January 29, 2014 9:19 AM EDT
As South Africa hiked rates this morning (whose effect on the Rand was promptly overwhelmed by the Lira collapsing back to weaker than pre-rate-hike) stock markets around the world are rapidly deteriorating and the safety of bonds and bullion is being sought aggressively.
In this article: GLD
SocGen's Exuberant Response To The Turkish Action: "Governor Basci, You Have Avoided A Domino Crisis In EM"
Article By:
Tyler Durden
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Tuesday, January 28, 2014 10:34 PM EDT
SocGen, via analyst Benoit Anne, had an almost immediate response to the Turkish central bank's shock and awe action.
BRICs Under Pressure
Article By:
Sober Look
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Monday, January 27, 2014 11:50 PM EDT
As the emerging markets contagion spreads, the BRIC nations are coming under increasing pressure in the capital markets.
Nike: Took A Breather, Offering An Opportunity
Article By:
Dr. Paul Price
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Monday, January 27, 2014 2:25 PM EDT
Athletic apparel maker Nike (NKE) has eased back from $80.26.
Market Shadows is playing for an even more attractive entry point.
In this article: NKE
The Great Wall Crash & More Inernational Investing News
Article By:
Vivian Lewis
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Sunday, January 26, 2014 12:17 PM EDT
Over 600 million users could not access the internet in China. The outage was blamed on a malicious cyber attack, but it now seems it went down because of China's Great Wall (to stop politically incorrect web sites) had gotten out of hand. Plus more from Finland, Canada, Jordan, China, Britain, Spain, Singapore, and Ireland.
In this article: ABX, CCH, GSK, IAG, NOK, SAN, BDRAF, GBTZF, HKMPY, TCTZF, CSIQ, ILMN, LBTYA, LBTYK, AROFF, RBGLY
Mohamed El-Erian Is Quitting As CEO Of Pimco
Article By:
Vivian Lewis
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Friday, January 24, 2014 8:07 PM EDT
More follows starting with news about closed-end funds, with other information from Canada, Greece, Britain, Ireland, Colombia, Brazil, The Netherlands, Israel, and India.
Indian Tragedy
Article By:
Vivian Lewis
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Thursday, January 23, 2014 10:17 PM EDT
Suicide, boycotts, takeovers and more. Investing updates from India, China, Finland, Brazil, Norway, Canada, Israel, Ireland, and Britain.
In this article: ABV, AGU, CAE, COV, GSK, IBM, JPM, ORA, ISCHF, LNVGY, MNHVF, NRBAY, SAXPF, PATH, TEVA, CGEN
Snowed In? Not The Markets - Full Overnight Summary
Article By:
Tyler Durden
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Wednesday, January 22, 2014 7:56 AM EDT
New York City may be buried under a foot or more of snow, but global markets don't sleep. Here's what you may have missed...
The US Is Closed, But Markets Elsewhere Are Open - Full Overnight Summary
Article By:
Tyler Durden
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Monday, January 20, 2014 9:06 AM EDT
On MLK Day, we party like its 1991... in the Shanghai Composite that is. The main Chinese index slid another 14 points overnight to its lowest level since the June near-banking sector collapse. Plus more global updates.