Emerging & Frontier Markets Archives

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Emerging & Frontier Markets

Newsmakers : Uncle Sam’s Southern Friend

Colombia Uribe: Washington’s ally Colombian president Alvaro Uribe, the conservative right-wing leader reelected in May, remains Washington’s closest ally in a region governed overwhelmingly by center-left administrations. Critics, however, assert that the 53- year-old attorney, educated ...

Country Report

Features : Country Report: Cyprus

SURVIVAL INSTINCT CYPRUS Cyprus’ leaders are tackling head on the challenge of maintaining economic growth during the current global downturn. Nicosia, Cyprus' capital, is gripping itself for an economic slowdown. Cyprus has experienced more than its fair share of ...

Economics, Policy & Regulation

Cover Story : The Party’s Over

LATIN AMERICA Once considered relatively immune to the global economic slump, Latin America is facing hard times as commodity prices crumble, trade dwindles and Venezuela’s oil-funded regional largess begins to dry up. On a roller coaster ride: Wild ...

Emerging & Frontier Markets

Emerging Markets : Africa

Zimbabwe has abandoned its "worthless" currency in favor of other currencies such as the US dollar. After years of trying to defend its near-worthless currency, the Zimbabwean government has abandoned foreign exchange and price controls. Zimbabweans will now be allowed ...

Emerging & Frontier Markets

Emerging Markets : Brazil

Brazilian oil giant Petrobras will use debt issuance to finance new offshore exploration. The Petrobras state-controlled oil company sold $1.5 billion of 10-year bonds on international markets in February. The deal, which carries a 7.875% coupon, was managed by HSBC, ...

Emerging & Frontier Markets

Emerging Markets : China

As economic growth tails off, China's unemployment level is rising sharply. China’s economic growth is tailing off as feared. Although annual growth in 2008 was 9%, fourth-quarter growth slowed to a seven-year low of 6.9% year-on-year, according to preliminary estimates ...

Emerging & Frontier Markets

Emerging Markets : Commodity Prices Help Food Maker

Company To Watch: Indofood Sukses Makmur/indonesia Low commodity prices are hurting Indonesia’s export earnings, but they could benefit Indofood Sukses Makmur, one of the world’s largest makers of instant noodles, commonly known as ramen noodles. With about 238 million people, ...

Emerging & Frontier Markets

Emerging Markets : India

Open for business: "Off-limits" investment sectors opened up. The Indian government revised its foreign investment policy guidelines in mid-February, with a changed methodology for computing foreign equity holdings in Indian companies. According to the new guidelines, any equity held by ...

Emerging & Frontier Markets

Emerging Markets : Indian Wind-Turbine Maker Gets Go-Ahead For Dr Issue

DR NEWS Pune, India-based Suzlon Energy, the world’s fifth-largest maker of wind turbines, said it received approval from Indian regulatory authorities to raise up to $370 million through the issuance of depositary receipts overseas. The company has not yet decided ...

Emerging & Frontier Markets

Emerging Markets : Middle East

Saudi Arabia's King Abdullah. King Abdullah bin Abdul Aziz of Saudi Arabia shook up his cabinet in February, appointing a new central bank governor, as well as new education, justice, information and health ministers and naming a woman as a ...

Emerging & Frontier Markets

Emerging Markets : Russia

Devaluation of the ruble is over, says Kudrin, Russia's finance minister. The Kremlin rolled out a revised version of its economic crisis plan, extending additional credits to the beleaguered banking sector possibly at the expense of direct loans to ...

Emerging & Frontier Markets

Emerging Markets :Latin American P/ES Hit Record Lows

NEWS Investors are able to buy shares in fundamentally strong companies in Latin America at record low price/earnings ratios after a sell-off in recent months triggered by falling commodity prices, according to Auerbach Grayson, a New York-based brokerage firm that ...