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Lagos, South Africa and New York
Wednesday, June 3, 2020

India plans to cap commissions for Uber, Ola – Economic Times

India plans to cap commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, financial daily Economic Times (ET) reported on Thursday, citing people privy to the matter. Adds details, background BENGALURU, Nov 28 (Reuters)...

EMERGING MARKETS-Stocks edge higher on trade deal hopes

By Shreyashi Sanyal Nov 27 (Reuters) - Emerging market stocks nudged higher on Wednesday after comments from U.S. President Donald Trump spurred hopes of a resolution to the trade dispute between the United States and China. Stocks and currencies in the developing world bounced after a...

Nigeria may keep benchmark rate unchanged as Investors bet on Weaker Dollar to Spur Emerging-Market Bulls

By Netty Idayu Ismail , Lilian Karunungan , South Korea’s central bank set to hold its benchmark rate Mexican third-quarter GDP figures may show stalling economy As Nigeria and other emerging markets set to keep interest rate unchanged. Global Investors looking for a weaker dollar to...

Frontier Market Borrowing Binge

By IMFBlog Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing: countries that don’t put the money to good...

Analysts say some emerging market currencies look appealing as the Fed weighs rate cuts

Abigail Ng | @abigailngwy Investors should be looking to buy emerging market currencies against the U.S. dollar, two analysts tell CNBC. "We do think there is a basket of emerging market currencies that look appealing as the Fed is poised now to begin cutting rates as...

Emerging market assets are running on empty

Stocks and bonds are rallying but growth forecasts are being cut all over the world by Jonathan Wheatley There is bad news and good news for emerging market investors this year. The bad is that EM growth is tanking; the good is...

Top Emerging Bond Manager Sees Payoff in Nigeria and other Frontier Markets

By Lilian Karunungan Ukraine, Nigeria seen less vulnerable to dollar movement It’s still an OK environment for emerging markets: Calich Fed up with the U.S.-China trade war, Claudia Calich, a top emerging-markets bond manager, is finding hidden gems in frontier markets less affected by the conflict. Ukraine,...

Emerging market currencies likely have seen the best of 2019

Vuyani Ndaba JOHANNESBURG - Most emerging market currencies have probably seen the best of a lukewarm year against the dollar as U.S. President Donald Trump is expected to back-pedal on his conciliatory tone from the recent G20 summit, a Reuters poll showed on Friday. Emerging market...

Emerging market assets set for solid Fed-fuelled weekly gains

Aaron Saldanha, Reuters The US Federal’s dovish outlook boosted appetite for developing world assets this week. Emerging market currencies consolidated gains against the dollar on Friday, on track for their biggest weekly rise in close to two years but stocks snapped a three-day winning...

Carry Trade Lifts Emerging Markets Still on Lookout for Growth

By Netty Idayu Ismail and Lilian Karunungan Currencies to remain stable without growth surprises, GAM says Indonesians prepare to vote as rupiah outperforms most peers If the muted reaction to the flurry of potentially market-moving events last week is anything to go by, emerging-market...