Emerging Markets

Geithner, Brown Split on Transaction Tax as G-20 Seeks Rebalanced Economy Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.

Saudi Arabian Shares Advance as Sabic, Yanbu National Petrochemical Gain Saudi Arabian shares rose for the fourth session in five, led by Saudi Basic Industries Corp., the world’s biggest petrochemicals maker, known as Sabic.

Mexico's Largest Companies Say Calderon Budget Will Avert Rating Downgrade Executives from Mexico’s largest companies said tax increases President Felipe Calderon pushed through Congress will likely allow the country to avert a credit-rating downgrade.

Brazil Stocks Drop, Pare Weekly Gain, as U.S. Data Sparks Recovery Concern Brazil’s Bovespa index fell for the first time in four days as a jump in the U.S. unemployment rate hurt the export outlook for commodity producers, overshadowing a surge in profits at Lojas Americanas SA and Gafisa SA.

Emerging-Market Equity Funds Post First Worldwide Outflows Since June All four major developing-nation equity fund groups posted outflows concurrently for the first time since June on concern the pace of the global economic recovery may not justify valuations, EPFR Global said.

PGE Soars 16% in Warsaw Debut After Europe's Biggest Offering This Year PGE SA, the Polish power provider that raised 5.97 billion zloty ($2.1 billion) in Europe’s largest initial public offering this year, jumped 16 percent on its first day of trading on the Warsaw Stock Exchange.

Brazil Real Posts Best Weekly Gain in 3 Months as Tax Fails to Stem Rally Brazil’s currency posted its biggest weekly gain in three months, heightening speculation the government may be planning measures to curb dollar inflows after a tax on stocks and bonds failed to reduce gains in the real.

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