Emerging Markets News
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Emerging-market stocks fell, sending the benchmark index to a three-week low, as anti-government protests dragged down Thai shares and South Korea’s biggest financial company posted a jump in bad loans. The baht weakened.
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Most Chinese companies rose after an official government report showed service industries expanded at a faster pace in October. Property stocks declined.
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Brazil plans to reduce lending by its development bank by about 20 percent next year to shore up finances after posting the biggest budget deficit in almost four years, fueling speculation the nation’s credit rating may be cut.
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Asia’s coconut palms, which mark the landscape from the Philippines to India, face a crisis as aging groves become less productive, with harvests that are a source of food and income for millions being outstripped by demand.
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