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Weekly investor research
18 August 2014
The situation in Eastern Ukraine is reaching another critical stage, which can now usher in genuine de-escalation or yet
another round of self-destructive economic retaliations between the West and Russia. Indonesia looks better than the latest
current account number would suggest. Malaysia is scorching hot. Uncertainty erupts in Brazil after a presidential candidate is
killed in a plane crash. Speculation grows that a sale of CITGO in Venezuela is linked to on-going arbitration court cases; we do
not think the two are directly linked. There’s a new PM in Iraq, but it is all about oil. China reported a massive trade surplus.
No progress in talks with holdouts in Argentina. Less than spectacular data in India, but there are good reasons to discount
the numbers somewhat.