Geoff Dennis, Citi’s global emerging markets strategist, tells beyondbrics that bubble territory is some way away for emerging markets, and that a new round of quantitative easing won’t have much impact on inflows.

* Chinese internet video site set for IPO

* Snackmaker buys top Taiwan cable TV group

* US fund moves to recover Argentina debt

* Chávez nationalises local arm of US company

* Mumtalakat seeks to diversify its assets Continue reading »

When is “hot money” a good thing? When you want to sell stuff to someone. For many emerging markets, the flood of money coming from global investors is prompting calls for capital controls. But in India, as James Fontanella-Khan writes in today’s FT, there’s a good reason not to block the inflows: the money raised by government share sales there helps fund the deficit.

Coal India, which priced its IPO at the top of range yesterday, will help New Delhi do just that, and is part of a broader boom in Asian privatisations. Continue reading »

From the FT:

• China can’t plead poverty, says Gideon Rachman
• No Chinese future for Singapore’s bourse, Lex
• Capital controls aren’t all bad
• Video: Arminio Fraga on Brazil’s election
• The bubble is in rich countries, not emerging ones
• Oil’s curse follows Ghana’s president

From elsewhere:

• Renminbi’s rise will be slow…, Michael Pettis
• … as will India-Japan cooperation, Diplomat
• Obama’s visit promises much, Economic Times
• Turkey deserves US solidarity, NYT
• Green threat to S Africa jobs, BusinessDay