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With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track record.Even the biggest investors acknowledge that "frontier markets" like Vietnam and Romania aren't for the faint of heart because nobody knows whether these new debt market players will be able to make good on their obligations.Buying their bonds could prove painful just as it did with emerging markets during the Argentine economic crisis of 1999-2002, Asian financial crisis of 1997, and Russian financial crisis of 1998.As investors rush into frontier markets, analysts suggest careful selection among countries. Some fund managers even say not to bother with the sector, as its risks outweigh returns."The main risk when you buy a bond is the risk of default," said Nicolas Jaquier, emerging markets economist at Standard Life Investments, with $272.6 bi...
The value of the Swiss National Bank's foreign-currency reserves edged up to 438.3 billion Swiss francs ($465.4 billion) in March, from CHF429.9 billion in February,...
Canada's official international reserves rose $850 million in March, the federal Finance Department reported.At March 31 the reserves of foreign currencies, gold and...
Shortly after emerging from a crisis that wiped out its foreign currency reserves and forced a 65 percent rouble devaluation, Belarus appears to be sticking with som...
The Brics club of emerging markets complained Wednesday that central bank moves in the U.S., Europe and Japan to boost economic activity were having "negative spillo...
PIMCO, one of the world's biggest money managers, has reduced allocations to the euro in response to a planned levy on bank deposits in Cyprus, and is rethinking for...
PIMCO has reduced allocations to the euro in response to a planned levy on deposits in Cyprus and is rethinking forecasts of when the bloc will begin its recovery, a...
There are many assets to choose from in the financial system, but "safe" assets are a different story. The U.S. dollar is considered to be a safe-haven due to its wo...
As western economies hit another pothole in their stuttering post-crisis recoveries, pressure to step up economic policy intervention to tackle entrenched unemployme...
Permanent Portfolio president Michael Cuggino gives his outlook for the markets.
Canada's official international reserves rose $468 million in February, the federal Finance Department reported.At Feb. 28, the reserves of foreign currencies, gold ...
Egypt is at risk of a "revolution of the hungry" two years after Hosni Mubarak was ousted in a popular uprising, as food and energy prices will soar with or without ...
China is set to use swelling offshore holdings of its tightly-managed currency worth around 1 trillion yuan ($160 billion) to justify a landmark shift in tactics to ...
In a one-on-one interview directly after Berkshire Hathaway Chairman and CEO Warren Buffett addressed thousands of shareholders at his annual meeting, the Oracle of ...
Canada's official international reserves rose $1.427 billion in April, the federal Finance Department reported.At April 30, the reserves of foreign currencies, gold ...
Argentina's government plans to put up to $2 billion into a new petroleum exploration-and-production fund as the South American nation struggles to become self suffi...
Developing: Fitch Ratings on Friday cut the United Kingdom's top-tier triple-A rating, citing projected weak economic growth.The U.K.'s rating was downgraded by one...
State-run Egyptian Natural Gas Holding Co. has awarded eight oil and gas prospection projects in the Mediterranean Sea for an overall minimum investment of $1.2 bill...
Spot gold bounced back Tuesday from its lowest price in more than two years after falling more than 9% Monday--the biggest one-day drop in gold since the early 1980s...
Most of Hungary's largest retail banks welcomed Monday the plan announced by the central bank last week to promote growth by boosting lending to small and medium-siz...
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