Emerging & Frontier Markets Archives

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Emerging & Frontier Markets

Emerging Markets : High Metals Prices Boost Peru Miner

COMPANY TO WATCH: COMPANIA DE MINAS BUENAVENTURA/PERU Compañía de Minas Buenaventura, Peru’s largest publicly traded precious metals mining company, is basking in record high prices for much of its output. Buenaventura operates seven mines in Peru and holds controlling interests ...

Emerging & Frontier Markets

Emerging Markets : India ETF To Trade On Nyse’s Arca

NEWS PowerShares Capital Management last month announced the first exchange-traded fund (ETF) to provide direct exposure to a diversified portfolio of Indian securities. The PowerShares India Portfolio, with symbol PIN, was set to begin trading in late February on NYSE ...

Emerging & Frontier Markets

Emerging Markets : Miner Eyes Record-Breaking Deal

BRAZIL Rock solid: Vale is thought to be ready to bid for Xstrata. Brazilian mining giant Vale (formerly CVRD) is in talks to acquire Swiss mining company Xstrata, reportedly for $90 billion. The deal would be the single ...

Emerging & Frontier Markets

Emerging Markets : Roaring Economy Boosts State-Owned Companies’ Profits

CHINA Riding high: China's economic growth continues to break records. China’s economy grew 11.4% in 2007, its fastest rate in 13 years. Fourth-quarter GDP growth fell to 11.2% year-on-year, however, as government tightening measures and weakening global demand ...

Emerging & Frontier Markets

Emerging Markets : Stocks In Rough Ride

RUSSIA Khodorkovsky: The jailed former head of Yukos is back in the news. The Russian presidential campaign kicked off in mid-January, with Dmitry Medvedev—who is virtually guaranteed victory in the early March poll thanks to the support of ...

Banking

Features : Opportunity Play

SOVEREIGN WEALTH FUNDS Sovereign wealth funds snap up bargains in one of the biggest financial industry land grabs in history. Bader Al Sa'ad, head of Kuwait's SWF, helped arrange a huge cash infusion for Citi. To say Citi and ...

Emerging & Frontier Markets

Milestones : Israel Loosens Investment Restrictions

ISRAEL Tel Aviv: Aiming for greater integration with world markets. Israel’s minister of finance Ronnie Bar-On has approved a legislative amendment that will enable foreign portfolio management companies to serve Israeli clients and operate in Israel without the ...

Emerging & Frontier Markets

Milestones : Mexico Exchange Prepares For A Sell-Off

MEXICO Mexico's stock exchange: Lining up a $1 billion IPO. After last year’s blowout initial public offering by the São Paulo Stock Exchange (Bovespa), which raised $3.6 billion, the Bolsa Mexicana de Valores (BMV), the Bovespa’s Mexican counterpart, ...

Emerging & Frontier Markets

Milestones : Russia Writes Off $12 Billion Iraqi Debt

RUSSIA/IRAQ Talabani: Russia's decision is a historic turning point. Russia agreed in February to write off $12 billion of Iraqi debt in an apparent effort to help Russian companies including Lukoil to win contracts in Iraq. The debt ...

Emerging & Frontier Markets

Newsmakers : Taxing Times For A New President

GUATEMALA Colom: Facing challenges on the fiscal front. Just weeks after being sworn in on January 14 as the new Guatemalan president, Álvaro Colom—the Central American country’s first left-of-center leader since Jacobo Árbenz, who was overthrown in a ...

Banking

Cover Story: Banking Bonzana

China International and domestic banks are spreading the net ever wider in their efforts to bring financial services to China’s increasingly wealthy population. China has outdone itself. The country’s economy grew by 11.5% in the first three ...

Emerging & Frontier Markets

Emerging Markets : China’s Baidu.Com Tops Dr Trading Activity In 2007

Dr News Beijing-based Baidu.com, China’s leading Internet search provider, was the most actively traded depositary receipt in the world last year, according to The Bank of New York Mellon’s annual year-end report on the DR industry. In ...