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Below are the events, trends and topics investors expect to shape the outlook for emerging markets next year. "The economic downturns along with the aggressive monetary tightening and geopolitical and commodity shocks that induce them will be temporarily painful in financial and emerging markets," said David Folkerts-Landau, group chief economist at Deutsche Bank. Globally, the war has transformed energy markets and inflation pressures, food security and geopolitical risk perception - factors that are often more keenly felt in emerging economies. "There's not actually a lot of debt maturing next year," said Carmen Altenkirch, emerging markets sovereign analyst at Aviva Investors. 6/ TURKEY ELECTIONSPresident Tayyip Erdogan could face the biggest political challenge of his two decades in power as Turks head to the ballot box in the most high-profile vote in emerging markets.

☆ The US military is planning for a 'transformative' year in Asia as tensions with China continue to rise
▼ + stars: | 2022-12-27 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

Amid rising tensions with China, the US military has sought to bolster its presence in Asia. US forces there may see the "most transformative year" in a generation in 2023, a US official said. Major changes to the US military presence in Asia face logistical and political hurdles, however. Other countries have sought more training with the US military or, in the case of Palau, to host US forces. There are opportunities for the US "to expand its access and deepen relationships" in both Northeast and Southeast Asia, said Thompson, a former US Defense Department official, but US leaders will have to reckon with the limits of those partnerships, especially in Southeast Asia.

☆ 'The music stopped': 6 founders tell how they survived this year's bursting VC funding bubble, customers unwilling to spend, and a graveyard of fallen startup peers
▼ + stars: | 2022-12-27 | by ( April Joyner | ) www.businessinsider.com time to read: +11 min

This year's economic caution marked a huge contrast to 2021's exuberance and record VC funding. Insider spoke with six founders about how they've handled the abrupt switch from market exuberance to economic caution. But at the same time, they said, they've sought to pounce on new opportunities created by the economic downturn. ElektraShifting landscapes, changing prioritiesAfter a year of record venture capital funding, the abrupt shift in investor sentiment hit hard in 2022, founders told Insider. Artificial intelligence startups are the latest beneficiary of VC hype, buoyed by breakthrough software tools such as DALL-E and ChatGPT.

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Dec 23 (Reuters) - Caio Paes de Andrade, the chief executive of Brazil's state-run oil firm Petrobras (PETR4.SA), has decided to resign before his term ends in April, but has not yet set a date for his departure, six sources told Reuters. Andrade's early exit would provide a pathway for leftist President-elect Luiz Inacio Lula da Silva to quickly install his own choice to lead the company. Lula, a leftist former president, takes office on Jan. 1. Prates has previously said the incoming government will not have an interventionist stance on Petrobras. Petrobras had previously said Andrade had accepted an invitation from future Sao Paulo state Governor Tarcisio Freitas to join his team.

☆ Chile fires hit port and coastal city, two dead
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

[1/4] Residents pick up debris amid the remains of a burned house during a wildfire in Vina del Mar, Chile December 22, 2022. Meanwhile, a separate forest fire south of Ventanas near the coastal tourist city of Viña del Mar raged, killing at least two people while destroying some 200 homes, according to an interior ministry official. The government also declared a state of emergency in the Viña del Mar area on Thursday night. Codelco's smelter near the Ventanas port was already shut down due to maintenance, while the refinery is operating normally, according to Codelco, the world's top copper producer. No injuries were reported from the port fire, the company that administers the port said in a statement earlier on Thursday.

☆ Chile's artisanal fishermen fear die-out as trawling, climate bite
▼ + stars: | 2022-12-22 | by ( Rodrigo Garrido | ) www.reuters.com time to read: +3 min

The current fishing law, which came into effect in 2013, has faced criticism from lawmakers and fishermen who say it only benefits large fisheries. "Having a new fisheries Law means regaining the confidence of the actors in the sector and the country in the regulation," said Julio Salas, undersecretary of fisheries and aquaculture. Chile has more than 99,557 artisanal fishermen registered in official records, government data show. It could include elements to improve the sustainability of fishing stocks and give larger fishing quotas to small-scale businesses. Rodrigo Gallardo, an artisanal fisherman from the port of Valparaiso, said the practice of trawling needed to end in Chile.

RIO DE JANEIRO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, head of oil workers' union FUP, said on social media that Lula had picked Prates based on the labor group's recommendations. He added that Senator Alexandre Silveira would be chosen to be mines and energy minister. The transition team, Prates and Petrobras did not immediately respond to requests for comment. Preferred shares of the oil company rose more than 2% after Bacelar's post, outperforming Brazil's benchmark stock index Bovespa <.BVSP>, before ceding half the gain.

"The World Cup is an immense joy that revives us after suffering economic crisis for so long," Victorica said. "But soon we will have to fall back into reality and face the situations that weigh us down every day." "The World Cup gives us hope and the desire to believe," said Osvaldo Hassan, a 62-year-old merchant in Buenos Aires. World Cup wins can give a small boost to a country's economy in the months following, an academic paper from Britain's University of Surrey found, helping raise exports. Reporting by Rodrigo Campos in New York and Belen Liotti in Buenos Aires; Writing by Adam Jourdan; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Yen on defensive before BOJ; NZ dollar sinks
▼ + stars: | 2022-12-20 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. New Zealand's dollar dropped after a big decline in a survey of local business confidence. The Aussie, though, was little changed after shrugging off minutes from the Reserve Bank of Australia's last policy meeting. Ten-year Treasury yields held at a one-week high of 3.601% in Tokyo trading. Those minutes reinforced the "uncertain outlook" for policy, providing an additional weight on the Australian dollar, said Sean Callow, a strategist at Westpac.

☆ Stocks steady, yields rise as rate risks cloud 2023 outlook
▼ + stars: | 2022-12-19 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

By 1152 GMT, the index was broadly unchanged after a heavy week for rate increases on Friday sent it to its lowest point since Nov. 10. Long-term borrowing costs rose for a fourth straight session and short-dated yields remained not far off their highest levels in more than a decade. It wreaked havoc even on rate markets," said Carlo Franchini, head of institutional clients at Banca Ifigest in Milan. Ten-year Treasury yields rose 4 basis points (bps) to 3.522%. Gold inched 0.1% higher at $1,764 an ounce, as a softer dollar countered pressure from expectations of higher U.S. rates.

Summary Global stocks index up 0.1%Japan could tweak inflation target - sourceshttp://tmsnrt.rs/2yaDPgnhttp://tmsnrt.rs/2egbfVhMILAN, Dec 19 (Reuters) - World stocks inched higher on Monday but stayed near 6-week lows as investors started the year's last full trading week still mindful of interest rate hike risks to the economy in 2023. By 0902 GMT, the index rose 0.1% after a heavy week for interest rate increases on Friday sent it to its lowest point since Nov. 10. It wreaked havoc even on rate markets," said Carlo Franchini, head of institutional clients at Banca Ifigest in Milan. "Except for the BOJ and perhaps the Bank of England, there's little confidence in the other central banks. Japan's Nikkei (.N225) fell 1.05% to a six-week low and the yen rose 0.5% to 135.9 per dollar.

☆ Rising interest rates give pause to festivity for markets
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Japan's Nikkei (.N225) fell 1.1% and the yen , which rose about 0.4% to 136.20 per dollar, was the biggest mover in otherwise quiet currency trade. Japan will consider revising a 2% inflation target agreed between the government and central bank next year, four sources familiar with the matter told Reuters. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

☆ Festivity on hold for stocks as rate hikes loom
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.1%. Japan will consider revising a 2% inflation target agreed between the government and central bank next year, four sources familiar with the matter told Reuters. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

☆ Festivity on hold for stocks as rate hikes beckon
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

Japan's Nikkei (.N225) fell 1% in early trade and the yen , which rose about 0.5% to 136.00 per dollar, was the biggest mover in quiet currency trade. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.4%. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

☆ We had to suffer to win the World Cup say Argentina players
▼ + stars: | 2022-12-18 | by ( Karolos Grohmann | ) www.reuters.com time to read: +3 min

But then Kylian Mbappe completed his hat-trick to level 3-3 in the 118th minute with France's second penalty that forced the shootout. "There could not have been a World Cup that I have dreamed of like this. It was the third world title for Argentina and the first since the late Diego Maradona won the trophy almost single-handedly in 1986. "Having the chance to win the World Cup with my country is priceless. We had to suffer but we deserved to win" said Argentina defender Rodrigo De Paul.

☆ Self-exiled Philippine communist leader Sison dies at 83
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: +2 min

[1/4] Jose Maria Sison, founder of Philippine Communist Party, reacts after he was released from Scheveningen prison in the Netherlands September 13, 2007. REUTERS/Ronald FleurbaaijMANILA, Dec 17 (Reuters) - Philippine communist leader Jose Maria Sison died on Friday night at the age of 83 after a two-week confinement in a hospital in the Netherlands, his party said on Saturday. Sison is the founder of the Philippine Communist Party, whose military wing - the New People's Army (NPA) - has been waging an armed rebellion in one of the world's longest-running insurgencies. The self-exiled communist leader has lived in Europe since the late 1980s, after his release from jail following the fall of dictator Ferdinand Marcos, whose namesake son was elected president in a May election this year. The party said Sison died peacefully at around 8:40 p.m. (1240 GMT) on Friday after being confined in the hospital in Utrecht.

☆ Stopping the stars won't be enough to win World Cup
▼ + stars: | 2022-12-17 | by ( Mitch Phillips | ) www.reuters.com time to read: +5 min

DOHA, Dec 17 (Reuters) - Despite the high profile performances of Lionel Messi and Kylian Mbappe in Qatar, Argentina and France can create danger all over the pitch, so stopping the superstars is only one battle in Sunday's World Cup final war. England were quick to double-team Mbappe whenever he picked up the ball and Argentina, probably through Nahuel Molina and Rodrigo De Paul, will try to do the same. Tchouameni and Adrien Rabiot have both been excellent in Doha, with the latter expected to return after missing the semi-final through illness. As hundreds of opponents before them can attest, there is no real way to plan to keep him quiet. In general, the two attacks look stronger than the two defences, which, for the neutral at least, is always a good thing in a World Cup final.

Dec 16 (Reuters) - Argentina look set to keep Julian Alvarez in attack for Sunday's World Cup final against France after he scored twice in a devastating combination with Lionel Messi in the semi-final. He scored his first goal for the national side in the World Cup quarter-final against the Dutch, which Argentina won on penalties after a 2-2 draw. Leandro ParedesA defensive midfielder with Juventus, 28-year-old Paredes has featured in four of Argentina's World Cup games - infamously booting the ball at the Netherlands' bench in the quarter-final. Rodrigo De PaulThe tough 28-year-old Atletico de Madrid midfielder has been a stalwart in Scaloni's World Cup starting lineup, even playing through injury against the Dutch. The 35-year-old Paris St Germain forward is on a mission to lift his first World Cup at his fifth and final attempt and has been simply magnificent, scoring five goals while creating others with his dribbling and passing wizardry.

☆ Payments company Wise suspends Ghana cedi transfers amid volatility
▼ + stars: | 2022-12-16 | by ( Cooper Inveen | ) www.reuters.com time to read: +2 min

ACCRA, Dec 16 (Reuters) - Cross-border payments company Wise (WISEa.L) has suspended transfers in Ghana's cedi currency after a rapid appreciation against the dollar this week made it costlier to move money to the West African country, a Wise spokesperson told Reuters on Friday. Ghana, once considered a rising star among emerging market economies, is today facing a generational debt crisis. A spokesperson for London-based Wise said that cedi functions, which were suspended Thursday, would be restored "as soon as the situation has stabilised" and that only a small number of transfers were affected. "That said... we’ve seen the central bank buy dollars from the open market to shore up its reserves," Akoto said. Reporting by Cooper Inveen; Additional reporting by Rodrigo Campos; Editing by Louise Heavens and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Costa Rica seeks entry to North America trade pact
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +2 min

SAN JOSE, Dec 14 (Reuters) - Costa Rica has told the United States it is interested in joining the North American trade pact between the United States, Mexico and Canada, President Rodrigo Chaves said on Wednesday. Dodd said he had spoken with Chaves about opportunities to boost economic ties, but made no comment on a possible entry for Costa Rica into the North American trade pact. "We are evaluating opportunities," said Tovar, adding membership in the trade pact would give Costa Rica an "immense advantage" and add another strategic link to global supply chains. The United States is Costa Rica's largest trading partner, according to the U.S. State Department, accounting for 38% of Costa Rica's imports and 42% of exports. The Central American country has 10 bilateral and five multilateral trade agreements in force.

☆ Gun-loving Bolsonaristas challenge Lula's pledge to disarm Brazil
▼ + stars: | 2022-12-13 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +10 min

The president-elect has pledged to "disarm" an increasingly gun-toting country where personal firearms have become a symbol of Bolsonaro's conservative base. Reuters interviewed eight other people working on, or advising, Lula's transition team on bolstering gun controls once he takes office on Jan. 1. The priority will be to reimpose civilian prohibitions on certain high-caliber weapons, including the rifle used by Jefferson, the sources said. The political context is a sharp departure from Lula's 2003-2010 presidency, when he passed sweeping gun laws to combat violent crime. Last week, they charged him with four counts of attempted murder, resisting arrest, and weapons charges.

☆ Argentina have worked out where to hurt Croatia - Scaloni
▼ + stars: | 2022-12-12 | by ( Rohith Nair | ) www.reuters.com time to read: +3 min

AL RAYYAN, Qatar, Dec 12 (Reuters) - Argentina will trust their system when they face Croatia in the World Cup semi-finals and believe they have worked out how to hurt the 2018 runners-up, coach Lionel Scaloni said on Monday. I won't mention the key players or their strengths and weaknesses but we've analysed where we can hurt them. "He's a role model for so many of us - not just because of his talent but also his behaviour," Scaloni said. ARGENTINA CRITICISMScaloni was also asked about the criticism directed at Argentina after their players' "unsporting behaviour" following their shootout win over the Netherlands. "The previous game was played the way we had to play... that's football.

[1/2] Soccer Football - FIFA World Cup Qatar 2022 - Fans in Lisbon watch Morocco v Portugal - Lisbon, Portugal - December 10, 2022 Portugal fan reacts as he watches the match REUTERS/Rodrigo AntunesLISBON, Dec 10 (Reuters) - Portugal fans were overcome with sadness and frustration on Saturday after their fancied team crashed out of the World Cup to Morocco, a lower-ranked side that had already ousted Spain. Portugal, fresh from their knockout demolition of Switzerland, were beaten by Morocco 1-0. The country's all-time top scorer Cristiano Ronaldo was again out of the starting line-up after being benched for the last-16 tie against Switzerland. The country's football federation had earlier had to publicly deny reports that the skipper had threatened to leave during the tournament. "We are happy on behalf of the whole of Africa, because Morocco was representing Africa," said Moroccan tourist Amin Abdul, in Lisbon.

☆ People are paying $12 to go on VR tours of turtle nesting in Costa Rica or India's Holi festival from their couches. Meet a tour guide who's cashing in on this travel niche.
▼ + stars: | 2022-12-10 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +8 min

Ligia Morera, based in Costa Rica, leads virtual tours on the Japanese platform Dokodemo Door Trip. A VR tour guide needs AI software to reach a worldwide audienceMorera filming a VR tour. In other words, these VR tours are as much a marketing program for its core business as a standalone revenue stream. Another source of referrals is other VR tour guides. "In Costa Rica, sometimes we get little problems with that," she said.

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