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Related Special Reports
...This is the fourth round of special sovereign bond issuance, after a sale in 1998 to recapitalise state banks and 2007 to set up its sovereign wealth fund....
...They said the company faced fines amounting to up to 10 per cent of its global revenue if it is found to have broken EU law....
...and markets....
...leo.lewis@ft.com Letter in response to this article: Where Japan already feels like an emerging market / From Desmond Lachman, American Enterprise Institute, Washington, DC, US...
...The US fiscal deficit posed “significant risks” to the global economy, the IMF warned today, while markets are becoming increasingly nervous about the possibility of a widening conflict in the Middle East...
...“Particularly as we’ve already seen, the response to [China’s growing exports] from both developed markets and indeed increasingly emerging markets is getting a bit more pugnacious.”...
...Barings has raised billions of dollars for its private credit strategy from investors including Staffordshire County Council’s pension fund and a fund that invests the money of Ohio schoolteachers....
...CDB has played a major role — alongside China EXIM — in China’s lending spree across emerging markets under the umbrella of the Belt and Road Initiative....
...“This rally has Chinese characteristics written all over it,” says John Reade, chief market strategist at the World Gold Council, an industry lobby group....
...in global stocks, bonds, infrastructure and private equity....
...Signs are emerging however that this shareholder exuberance could be peaking....
...Eddie Yue, head of Hong Kong’s de facto central bank, said on Monday that the move would be counterproductive, adding there was “almost no place in the global market” where foreign exchange reserves were...
...Peter Sleep, senior portfolio manager at 7 Investment Management, concurred, saying “buyers of gold are [primarily] central banks and traditional buyers in emerging markets like China and India....
...The hope was that by being nimbler, the UK could steal a march on Europe, particularly in areas of emerging technologies where speed to market is a priority....
...Between 2016 and 2022, it had used its veto power on several occasions to block European Council decisions condemning Chinese actions....
...Illuminate USA is opening as a global panel glut dents the profitability of solar manufacturers. China doubled its capacity last year and produces three times the global demand, the IEA estimated....
...It has launched a €2bn fund to boost European explosives production....
...In the Council’s words (their emphasis below): The Council decided in particular that [Central Securities Depositories] holding more than €1 million of CBR’s assets must account extraordinary cash balances...
...The same will surely be true for big emerging economies, such as India. If China wants the mercantilist solution to excess savings it will have to fund smaller emerging and developing countries....
...“Removal of sanctions and a very complex restructuring would be needed before this happens,” said Armando Armenta, emerging market strategist at AllianceBernstein....
...Markets Investment Trust, a UK-listed fund....
...However, after incorporating over-the-counter and stock flows — which capture an opaque source of buying by wealthy individuals, sovereign wealth funds and futures market speculators, as well as changes...
...Michael Power, an emerging markets expert at Ninety One, an asset manager, sees China’s commercial engagement with developing nations as evidence the world is tilting on its axis....
...Li has signalled more support for the economy in 2024, with plans to issue Rmb1tn ($140bn) in long-term central government special bonds, instruments used to raise extra funds....
...Surging consumer prices and depreciating currencies in many markets has triggered a rush to gold as a store of value, while the yellow metal has also historically been held when global inflation rises....
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