Emerging Markets
Dubai Shares Advance on Debt-Deal Expectations; Emirates NDB, Emaar Climb Dubai shares surged to the highest
close since January on speculation Dubai World’s restructuring
proposal will appease investors and after Saudi Arabia’s
benchmark index rose.
Bharti Arranges $8.3 Billion Zain Funding, Led by StanChart, Barclays, SBI Bharti Airtel Ltd., India’s biggest
mobile-phone company, said it obtained $8.3 billion in funding
for its proposed acquisition of Zain’s African assets, a day
after its board gave approval for a formal offer this week.
SABMiller's China Venture Will Pursue Acquisitions, Boost Brewery Capacity SABMiller Plc and its Chinese
partner, which make the country’s best-selling beer, will
pursue acquisitions and increase production capacity to boost
growth in the world’s most populous nation.
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.
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