Emerging Markets
Roach Says `Take Out the Baseball Bat' on Krugman Over His Stance on Yuan Morgan Stanley Asia Chairman
Stephen Roach said that Paul Krugman’s call to push China to
allow a stronger yuan is “very bad” advice and that increased
Chinese spending is a better way of reducing trade imbalances.
Bank of America Hires Ades, Milne to Bolster Emerging-Market Debt Research Bank of America Corp. hired Alberto
Ades as co-head of emerging-market fixed-income strategy, part
of an effort to bolster developing-nation research at the
biggest U.S. bank by assets.
Embraer Reaffirms Forecast of $5 Billion in 2010 Sales After 2009 Profit Empresa Brasileira de Aeronautica
SA, the world’s fourth-largest aircraft maker, reaffirmed its
2010 forecast of $5 billion in net revenue after a record
delivery of 91 planes took fourth-quarter profit to 167.5
million reais ($93.5 million).
Bovespa Stock Index Retreats on Commodities Decline, Interest Rate Outlook Brazil’s Bovespa stock index fell
the most in three weeks, led by oil and metals producers, as
commodities prices slumped and investors speculated consumer
demand and record low interest rates will spur inflation.
Mexico Central Bank Keeps Overnight Rate at 4.5% as Prices Stay in Check Mexico’s central bank kept its
benchmark interest rate unchanged today and said inflation will
stay in line with its forecasts, adding to speculation that
policy makers won’t raise borrowing costs this year.
Indian ADRs Fall Most in Six Weeks After Unexpected Interest-Rate Increase Indian companies’ American
depositary receipts fell the most in six weeks after the
nation’s central bank unexpectedly raised interest rates for the
first time since July 2008.
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