News & Features Archive

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Emerging & Frontier Markets

Emerging Markets : Emerging Markets Begin To Feel Pain

NEWS The world’s emerging equity markets had a gloomy summer, falling 19.4% in the three months through August, compared with a decline of 11.55% in developed equity markets in the same period, according to an analysis by Standard & Poor’s. ...

Emerging & Frontier Markets

Emerging Markets : Heavy-Handed Tactics Cause International Alarm

RUSSIA Russia's actions in South Ossetia exacerbated a stock market slide. Russian markets have been in turmoil for a month after the country signaled its intent to move back up the geopolitical pecking order by marching its troops ...

Emerging & Frontier Markets

Emerging Markets : In Olympian Bid For Global Respect

BRAZIL Petrobras head José Sergio Gabrielli: Prefers debt issue to equity. The Brazilian government is grappling with the reality of new offshore oil discoveries that could produce an estimated 50 billion barrels of oil, according to private ...

Emerging & Frontier Markets

Emerging Markets : India’s Companies Continue Aggressive Acquisition Spree

INDIA Nano, no? Protests in West Bengal may derail Tata's plans to build the world's cheapest car. According to a survey by consultant KPMG, India’s companies are among the world’s most aggressive in buying companies based in ...

Emerging & Frontier Markets

Emerging Markets : Inflation And Growth Decline

CHINA Slowdown: Automakers are seeing sales growth tail off in China. China’s consumer price index (CPI) grew by only 4.9% in August, its mildest pace in more than a year, and export growth slowed to 21%, according to ...

Emerging & Frontier Markets

Emerging Markets : Infosys Climbs Up The Value Chain

COMPANY TO WATCH: INFOSYS TECHNOLOGIES/INDIA Infosys Technologies, India’s second-largest IT services provider, announced a $755 million cash deal to buy UK-based Axon, which advises companies on installing business software created by SAP of Germany. If the transaction is completed, it ...

Emerging & Frontier Markets

Emerging Markets : Infrastructure Fund In Controversy

AFRICA Unemployment and homelessness have risen sharply in Zimbabwe. Following the controversial reelection of president Robert Mugabe in June, Zimbabwe has fallen into even greater economic chaos. Officials said annual inflation leapt to 11.2 million percent in ...

Emerging & Frontier Markets

Emerging Markets : Russia’s Electricity Spin-Offs Create 11 New Dr Programs

DR NEWS Eleven new companies, spun off from Russia’s former electricity monopoly, selected The Bank of New York Mellon as the depositary for their Regulation S and Rule 144A global depositary receipt programs. The bank is ...

Country Report

Features : Balancing Act

COUNTRY REPORT / TURKEY Turkey’s Islamist government has narrowly avoided a constitutional crisis, but it is still treading a fine line in its quest for economic progress. When Turkey’s constitutional court dismissed a move in July to outlaw the ...

Capital Raising & Corporate Finance

Features : Growing pains

SPOTLIGHT / EMERGING MARKETS Emerging markets have been some of the best performers of recent years. Is their continued growth now under threat? Since the credit crunch began more than a year ago, it has inflicted most pain on ...

Emerging & Frontier Markets

Features : Power Play

ANALYSIS / RUSSIA’S GEORGIA GAMBIT Russia’s recent assault on Georgia raises some scary prospects for European nations dependent on energy supplies from West Asia. Double act: Vladimir Putin passed the presidency to Dmitry Medvedev but still retains much ...

Capital Raising & Corporate Finance

Features : Risky Business

FOCUS / ECONOMIC NATIONALISM As if the global credit squeeze were not enough, multinationals, particularly in the commodities industries, are also facing a surge in resource nationalism. Horne: Companies are investing in riskier areas. Fueled in part by soaring ...