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Emerging & Frontier Markets

Milestones : The Prodigal Oil Producer

ECUADOR       Correa: Clamping down on the oil industry After a 15-year absence, Ecuador has rejoined OPEC in a move president Rafael Correa says will allow his country to gain greater access to technical advice and market information. ...

Emerging & Frontier Markets

Emerging Markets : Bankers Still Bullish On Brazil

  Gol: Planning share buyback   Investment banks say the recent US Fed rate cut, coupled with strong domestic fundamentals, bodes well for Brazilian capital market investors. “Fed easing since mid-August has opened up a new leg of the bull ...

Emerging & Frontier Markets

Emerging Markets : Foreign Telecommunications Companies Embark

INDIA     India calling: Global telecom firms muscle in on a fast-growing market. Following the recent acquisition of Indian telecom company Hutchinson Essar by Vodafone Group in May 2007 for $11 billion, Russian telecom company Sistema’s acquisition of a ...

Emerging & Frontier Markets

Emerging Markets : Pension Funds Like Local-Currency Debt

NEWS     California’s San Bernardino County’s employees’ retirement plan awarded a $125 million mandate in October to London-based Ashmore Investment Management for investment in emerging market local-currency debt. “All our central bank clients and the majority of our pension ...

Emerging & Frontier Markets

Emerging Markets : Putin Unveils His Power Play

RUSSIA     Putin’s deft maneuvering will almost certainly see him retaining power In the second political bombshell in three weeks—following the surprise mid-September appointment of the obscure Victor Zubkov to replace prime minister Mikhail Fradkov—Russian president Vladimir Putin in ...

Emerging & Frontier Markets

Emerging Markets : Study Says Dr Programs Boost Share Prices Of EM

DR NEWS   Companies based in emerging market countries enjoy higher domestic share prices and improved home-market liquidity one year after opening a DR program, according to a study released in October by UK-based Oxford Metrica, an independent research firm. ...

Emerging & Frontier Markets

Emerging Markets : Warren Buffett Bangs The Gong

COMPANY TO WATCH: PETRO CHINA/CHINA     Warren Buffett, the Oracle of Omaha, who is one of America’s most successful investors, could be sending a message about China’s red-hot stock market by cashing in most of his chips in PetroChina, ...

Country Report

Features : Growth Pains

COUNTRY REPORT / CHINA     China’s continuing economic expansion may be a bumpy ride, but the country’s prospects still look remarkably good.   Reach for the skies: China’s newfound wealth is reflected in its grand plans for Shanghai and ...

Emerging & Frontier Markets

Milestones : Venezuela’s Monetary Experiment

VENEZUELA     Rodrigo Cabezas: New currency will help fight inflation. Venezuela is gearing up for the introduction of a new currency to replace the bolivar, in circulation since 1879, in a move the Hugo Chávez administration hopes will help ...

Economics, Policy & Regulation

Cover Story : Trying Times

THE WORLD BANK The World Bank’s struggle to redefine its role in a globalized economy has raised a fundamental question: Do we really need a World Bank?     No sooner had the dust settled after the controversial departure of ...
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