Russia’s stock market, which lost nearly $60 billion on Monday, may fall further on Tuesday on escalating tensions over neighboring Ukraine, analysts said on Tuesday, suggesting that the losses may be muted. “There is potential for further losses, however not of course as it was yesterday when the market felt […]
Business News
African tower firm IHS raises $490 mln to fund expansion
* IHS raises $420 mln in equity * Goldman Sachs among new investors in firm * Also raises $70 mln in debt from Standard Chartered African phone tower group IHS has raised $420 million in equity and $70 million in debt to fund its expansion across the continent, the […]
INVESTMENT FOCUS-Next EM hotspots may be Russia, Nigeria and Double Deficit Club
Investors are marking Russia and Nigeria, where current account surpluses and reserves are slowly eroding, as the next likely victim of the rolling emerging market crisis, as well as a “double deficit club” of economies. Rather than looking simply at a country’s external reliance on capital – which prompted investors […]

