December 8th, 2008 09:13:56 GMT

Russia’s debt rating downgraded

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As oil prices fall, Russia’s financial position continues to erode. S&P just cut its rating as a result. Also on the wires, Dow Chemical is slashing 11% of its workforce as layoffs continue to build.

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December 3rd, 2008 15:30:02 GMT

In cod we trust

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The Atlantic sketches out the collapse in the Icelandic banking system…

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November 13th, 2008 07:15:20 GMT

Trading in Kuwaiti and Russian stocks halted

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Emerging market stockmarkets remain in turmoil as the global slowdown and plummeting oil prices take their toll. Trading in Kuwaiti stocks was halted today after a court ordered its closure to protect investors from further losses. The bourse’s main index … Continue reading

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November 12th, 2008 13:26:30 GMT

Emerging markets under heavy stress

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Emerging markets had a crappy day and Latin America is still open and having the worst day of all. Shares are down over 7% across the region. Given the high correlation between emerging markets and EUR/USD, this is something we … Continue reading

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