Blue Wave Spurs Stocks Rally as U.S. Yields Soar: EM Review
By
January 8, 2021
(Bloomberg) Emerging-market stocks headed for the biggest weekly gain since early November after Democrats won control of the U.S. Senate in Georgia runoff elections, spurring optimism for a boost in fiscal stimulus. U.S. Treasury yields broke above 1% for the first time since the pandemic-driven turmoil in March, spurring gains in the dollar and weighing on developing-nation currencies.
The following is a roundup of emerging-market news and highlights for the week through Jan. 8.
Highlights:
Democrats won control of the U.S. Senate for the first time in six years with victories in two runoff races in Georgia a stunning result in a state that hadn’t sent a new Democratic senator to Washington for two decades
Colombia Is Said to Review Plans to Divest Its Stake in ISA
Jan 06 2021, 11:02 PM
January 06 2021, 2:38 AM
January 06 2021, 11:02 PM
(Bloomberg) Colombiaâs government is reviewing plans to sell a stake in Interconexion Electrica SA that is attracting interest from publicly owned companies, according to people with direct knowledge of the matter.
(Bloomberg) Colombiaâs government is reviewing plans to sell a stake in Interconexion Electrica SA that is attracting interest from publicly owned companies, according to people with direct knowledge of the matter.
Grupo Energia Bogota is among companies considering a bid for the stake in the transmission company, while Ecopetrol SA and Empresas Publicas de Medellin could also look at the asset, one of the people said, asking not to be named discussing private matters. The government owns a majority 51.4% stake in ISA, which at current market prices could fetch $4.2 billion.