EMerging Equity
Barclays
Barclays Cuts Russian Government Bonds From Indices Following Junk Downgrade
Foreign currency debt issued by the Russian government will be cut from British bank Barclays’ global bond indices following Moody’s downgrade it to junk, Reuters reports. Exclusion from an index puts securities off limits for many asset managers and can lead to heavy selling as investors drop the stocks or bonds that have been pushed outside their … Continue reading
Barclays Upgrades Nigeria Unit, Seeks To Expand Operations In Africa
“Barclays Africa Group Ltd.’s corporate and investment banking unit has approached Nigerian authorities for approval to convert its representative office to a fully-fledged business in the continent’s biggest economy,” Bloomberg reported today. The whole process to obtain the Nigerian licence may take around 12 months. Currently the following banks have operating licences in Nigeria: Standard … Continue reading
Price Drop Leads To $1.6 Trillion Transfer From Oil Producers to Oil Consumers: Barclays
A January 29th report from Barclays PLC (NYSE:BCS) (LON:BARC) Equity Research suggests that investors are focusing too much on the bleeding in the energy sector from the huge drop in crude prices, and not enough on the major benefits to consumers (and consumers good producers) that can be expected from an additional $1.6 trillion in income … Continue reading
