Development is this week’s theme, with New York hosting a UN summit on the Millennium Development Goals and a meeting of the philanthropic Clinton Global Initiative. Both events will highlight persistent poverty in emerging economies – even those that grow at 7 per cent – and how markets might help. Wen Jiabao and Barack Obama will meet, following the renminbi ruckus. Elsewhere, Brazil’s Petrobras will price its record share offer, while Venezuela’s parliamentary election will test whether Hugo Chavez’s popularity is recession-proof. Russian president Dmitriy Medvedev may take a break from his scrap with Moscow’s mayor, having pledged to visit China sometime this month. Read more
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