Emerging & Frontier Markets Archives

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Emerging & Frontier Markets

Emerging Markets : Quest For Investment Grade Gathers Pace

BRAZIL Some 50% of respondents to a Merrill Lynch emerging market investor survey in August said they were bullish on Brazil. Reaching a similar conclusion, rival Morgan Stanley predicts Brazilian markets will see further upside, despite recent US market turbulence, ...

Emerging & Frontier Markets

Emerging Markets : Rebuilding Indias Infrastructure

COMPANY TO WATCH: LARSEN & TOUBRO/INDIA Engineering and construction conglomerate Larsen & Toubro, one of India’s largest listed companies, has evolved into a multinational corporation with offices in 30 countries, a growing order book in the Middle East, and manufacturing ...

Emerging & Frontier Markets

Emerging Markets : Russias Power Utility Spins Off Generators

DR NEWS Russia’s national power utility OAO Unified Energy System has completed the spin-off of two power-generation units, OGK-5 and TGK-5, completing the first part of the government’s plan to break up the company. UES, the former power monopoly, also ...

Country Report

Features : Aiming To Please

COUNTRY REPORT / PHILIPPINES Schleimer: The Clean Air Act could be used to regulate greenhouse gases With the May general election safely behind it, the Philippine government hopes to use the next three years of relative political quietude ...

Country Report

Features : Balancing Act

COUNTRY REPORT / BRAZIL Buffeted by the shockwaves from the US subprime mortgage crisis, Brazil has to steer a steady course if it is to keep its economic development on track. Buffeted by the shockwaves from ...

Capital Raising & Corporate Finance

Features : In For The Long Haul

ANALYSIS / INFRASTRUCTURE FUNDING Many Asian countries desperately need to upgrade their infrastructure while cash-rich private equity funds are scouring the region for long-term investments. Is this a match made in heaven? Nag: We can only meet a small ...

Emerging & Frontier Markets

Milestones : Latin American Markets Ride Out Global Turmoil

LATIN AMERICA Lipsky: Sounds a warning. When the meltdown in US subprime mortgages triggered forecasts of a possible US recession, unleashing global credit and money market volatility, Latin America proved to be relatively insulated from the debacle. Though ...

Emerging & Frontier Markets

Milestones : No Credit Crunch Here

CHINA Feeling the squeeze: Chinas shoppers face swiftly growing prices. China’s central bank increased reserve requirements for the seventh time this year in September in a losing battle to control the growth in bank credit. Outstanding loans ...

Emerging & Frontier Markets

Milestones : Oil Firm Ipo Sets Stage For More Share Issues

COLOMBIA Ecopetrol's Cartagena oil refinery. The Colombian energy sector entered a new investor-friendly era with the late-August IPO of Ecopetrol, the state-owned oil company. Ecopetrol is Colombia’s largest corporation, with income of around $18 billion in 2006. The ...

Emerging & Frontier Markets

Newsmakers : New Leader Details Economic Revival Strategy

JAMAICA Golding: Ambitious economic plans. Newly sworn-in Jamaican prime minister Bruce Golding is seeking ways to kick-start the island’s sluggish economy and tackle mounting social pressures over escalating unemployment and crime rates (his own forecasts predict 1,300 murders ...

Emerging & Frontier Markets

Newsmakers : Tycoon Justice: Hyundai Chairman “Too Valuable” To Idle In Jail

SOUTH KOREA Chung: Convicted but free to go. Chung Mong-koo, chairman of Hyundai Motor, is too important to South Korea’s economy to go to jail, despite being convicted of embezzlement and breach of trust, an appeals court ruled ...

Emerging & Frontier Markets

Cover Story : Living On The Edge

CENTRAL AND EASTERN EUROPE The EU’s newest members struggle to balance growth with stability. Prague's stock exchange is one of many in the region that are attracting foreign investors. Despite recent political maneuverings by Russian president Vladimir Putin, ...