(Reuters) – Emerging stocks hit two-week highs on Friday and were set to end 2016 in the black for the first time since 2012, while the top-performing rouble tumbled 2 percent on fears of fresh political strains between Russia and the United States.There were also jitters about China, where the yuan has fallen almost 7 percent, its biggest annual loss since 1994, the year it started trading. Fears are growing of spiralling capital outflows that could deplete sovereign coffers and cause a crisis in the highly indebted economy.Broadly though, after three years of weakness caused by slowing economic growth and …read more
Source: Dunya TV
