Emerging & Frontier Markets Headlines 2012.05.16

Why are westerners softer on Chávez than on Putin? — Francisco Toro
China real estate unravels — Patrick Chovanec
Indian rupee at record low of 54.44 vs. US Dollar — India Today
 Russia GDP beats estimates at 4.9% in Q1 — Bloomberg

US-Colombia free trade: Day 1 — Dow Jones

The basic China conundrum: “If it continues its policy of containing the yuan at artificially low levels, China will keep its competitive export advantage, albeit at the cost of an inability to cement the yuan’s status as a reserve currency. If China decides to embark on the path to ultimately turn the yuan into a convertible currency, China will most likely be able to expand its hegemony, albeit at the cost of losing much of its competitive export advantage and a further risk of slowing down its cooling economy.” — George Liu on Seeking Alpha

Kenya borrows US$600 million for 2 years at 4.75% above libor — Reuters

Nigerian government signs N155 billion deal with Glencore for mining, energy, infrastructure investment — ThisDay

Mozambique scores another liquid natural gas find — FT

Argentine peso trading at 30% discount in black market — La Cronista (Spanish)

Why India should takes its cue from South Korea on capital controls policy — WSJ

Haiti eyes potential $20 billion gold mining bonanza — AP

Asian Development Bank raises US$339 million in Clean Energy Bond sale — Xinhua

CME To Launch Yuan-Denominated Products — WSJ

Pimco says 17-nation euro currency won’t last in present form — Bloomberg

Poland plans to prop up zloty — WSJ

Political risk update for Nigeria — Reuters

Mexico to return to samurai bond market — Bloomberg

Siemens reinvents itself for emerging markets — Business Standard (India)

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