Emerging & Frontier Markets
Editor’s Letter: Opportunity lost
With the global financial system on life support, the old world order has been crumbling with alarming speed..
Emerging & Frontier Markets
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Emerging & Frontier Markets
EM Investor : Infrastructure Etf Debuts On Nyse Arca
NEWS Invesco PowerShares last month listed a new exchange-traded fund (ETF) on NYSE Arca that focuses on infrastructure construction in emerging market countries. Demand for infrastructure tends to be inelastic because of long-term trends such ...
Emerging & Frontier Markets
EM Investor: Colombian Oil Company Lists On New York Stock Exchange
DR NEWS Ecopetrol, Colombia’s state-controlled oil company, which sold a 10.1% stake to the public last year, has become only the second company based in Colombia to list American depositary receipts on the New York Stock Exchange. Bancolombia ...
Emerging & Frontier Markets
EM Investor: Latin Steelmaker Builds Empire
<p>COMPANY TO WATCH: GERDAU/BRAZIL As the global steel industry consolidates, Brazil’s Gerdau is on the prowl. The company already is the largest producer of long steel in the Americas, where it has operations in a dozen countries. It ...</p>
Emerging & Frontier Markets
Emerging Markets : Confidence Declines As Exports Tumble
CHINA China's exporters are feeling the effects of a global economic slowdown. China’s central bank released three surveys—of banks, consumers and companies—in late September reflecting falling confidence in the country’s economy. According to the survey of companies, ...
Emerging & Frontier Markets
Emerging Markets : Disaffected Investors Turn Sights On Africa
AFRICA Kampala in Uganda, where African leaders discussed plans for growing investment. East Africa may benefit from the recent turmoil on global financial markets, as investors seek less risky and higher yielding markets. Speakers at September’s ...
Emerging & Frontier Markets
Emerging Markets : Government Mobilizes Reserves To Boost Liquidity
BRAZIL Oil finds saw Brazil's national petroleum agency ANP reduce new exploration concessions. While Brazilian officials had touted the country’s resilience to the global financial meltdown, they got a disturbing wake-up call in October as the ...
Emerging & Frontier Markets
Emerging Markets : Rising Costs Force Indian Airlines To Pursue Alliances
INDIA Kingfisher Airlines joins forces with Jet Airways in an effort to cut costs as losses force unprecedented cooperation. Steep losses are forcing a flurry of consolidation in India’s airline industry. With combined losses this year alone ...
Emerging & Frontier Markets
Emerging Markets : Russia Bears Brunt Of Global Sell-off
RUSSIA The global flight from risky assets saw $1 trillion wiped off Moscow's stock market. Russia continued to be buffeted by the global financial crisis, with the country’s stock index plummeting nearly 70% from all-time highs ...
Banking
Emerging Markets : Sukuk Squeeze Triggers Debate
MIDDLE EAST Safa: Credit crunch could boost sukuk in the longer term. Asudden slowdown in the issuance of sukuk, or Islamic bonds, could be the result of the global credit crunch, a ruling by a committee ...
Banking
Features : Islamic Finance
BACK TO BASICS ISLAMIC FINANCING The core ethical principles of Islamic finance have protected the industry from the worst effects of the credit crunch. A customer makes a transaction at Emirates Bank in Dubai. One segment of the financial ...
Emerging & Frontier Markets
Newsmakers : Emerging Markets Face Savage Reversal Of Funds Flows
GLOBAL Capon: Asia's funds are drying up fast. The credit crunch has shattered a lot of illusions about the soundness of the global financial system, and another theory that has been challenged is that of “decoupling,” ...