Private equity group targets Latin America

Advent International, a US private equity group, has raised a $375m Latin American fund, the largest to target the region since Brazil’s currency crisis took place six years ago. 08:24 | Read For more on global investing

High demand for Vietnam’s $750m issue
Vietnam raised $750m with its debut government bond offering and opened a gateway for the communist-ruled country’s entry into the international financial markets. 19:57 | Read

• UN calls for more aid to fight bird flu in Asia
• Asean meeting clouded by issue of Burma
• Vietnam rushes to join the world market

Emerging market debt gains sophistication Credit default swaps have developed from a hedging tool into a gateway to greater exposure and higher yield. 20:07 | Read Indian exchange and LME sign pact The agreement allows MCX to use LME prices, which are considered the global benchmark for base metals. 16:06 | Read		The Short View Hungary and Turkey are cause for concern Emerging market debt spreads have fallen dramatically, in part because of improved economic fundamentals in many developing countries, writes Philip Coggan. But there are two countries where investors are still concerned about potential crisis, notably Hungary and Turkey. Oct 26 2005 | Read

China makes U-turn on overseas listings
China's foreign exchange administration has scrapped rules that had threatened the development of the local high-tech industry by making it difficult for domestic companies to seek overseas listings. 03:00 | Read

Brazil pushes for a sign of respect
Treasury chief Joaquim Levy believes his country’s greater stability should be rewarded with an investment grade rating. 20:21 | Read

Gazprom receives $13bn oil finance
Western banks handed over $13.1bn to Gazprom, the state-controlled Russian oil group, and said they had begun marketing part of the record-breaking loan to other banks. 20:00 | Read

Funds becoming more risk averse, says survey
Fund managers are growing increasingly risk averse, apparently unnerved by rising US interest rates and recent market turbulence. 16:55 | Read

Looking for sugar in Cuban debt
Some investors take extremely speculative positions in pariah nations’ illiquid debt in the hope of a spectacular payoff 20:28 | Read

Dubai exchange gets first listing
Emerging markets telecom group Investcom Holding on Friday will become the first company to list its shares on the new Dubai International Financial Exchange. 17:38 | Read

More emerging markets stories Emerging market bonds fall sharply  Oct 12 2005 21:02 New issues: Poland in $1bn offer  Oct 12 2005 19:38 China’s stock reform disappoints B-share holders  Oct 10 2005 12:20