Daily Archives: March 14, 2011

Americas market wrap

March 14, 2011 8:50 pm by Anora Mahmudova

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Latin American stocks dipped in the morning following the rest of the world markets lower, but bounced back by the end of the trading day. The MSCI Latin American stocks index rose 0.7 per cent on Monday. Brazilian stocks rose on hopes that steelmakers would export more to Japan, reeling from natural disasters and nuclear crisis, which kept investors cautious throughout Latin America. Continue reading »

Posted in Uncategorized | Permalink

Mexico’s economy: in a sweet spot

March 14, 2011 8:45 pm by Adam Thomson

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From an economic-policy perspective, it couldn’t get much better for Mexico: on Monday, Latin America’s second-largest economy reported that industrial production in January increased 1.4 per cent on the previous month – the biggest monthly rise in more than a year.

The latest figure brings industrial-production growth over the last 12 months to 6.6 per cent. More important, it confirms that Mexico is in a particularly sweet spot at the moment. Not only is it recovering quickly from the disaster of 2009: it is doing it with low inflation. Continue reading »

Tags: economic growth, GDP Posted in Mexico | Permalink

Repsol-YPF slowly backs out of its Argentine unit

March 14, 2011 8:00 pm by Jude Webber

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Spain’s Repsol-YPF has long wanted to reduce its stake in its Argentine unit YPF, but has been confounded by global financial crisis and market turmoil. It seems that whenever it has geared up to go ahead with the sale, something has happened to shunt it onto the back burner again.

The new strategy appears to be a series of gradual divestments, the latest of which was announced today. Continue reading »

Tags: oil & gas, YPF Posted in Argentina | Permalink

Interbank snaps up Bembo burger chain

March 14, 2011 7:30 pm by Naomi Mapstone

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Chemists, supermarkets and now burger joints. Interbank, Peru’s fourth largest bank, sure is developing a real appetite for retail investments.

“In one big, quick gulp” it has just swallowed up Bembos, a beloved local burger chain that has been expanding overseas with franchises such as India and Guatemala, for a reported $30m t0 $40m. Continue reading »

Tags: consumption, food & drink Posted in Peru | Permalink

FT video: Pitched battles engulf Bahrain

March 14, 2011 7:00 pm by beyondbrics

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Large parts of Bahrain’s capital of Manama were taken over by anti-government protestors yesterday after riot police failed to eject demonstrators from the city’s financial centre with a barrage of tear gas and rubber bullets. Fears are growing of full-blown sectarian strife after Sunni government loyalists clashed with Shia protestors and students at the University of Bahrain.

Tags: Arab spring, video Posted in Bahrain | Permalink

CEE markets wrap: easy does it

March 14, 2011 6:36 pm by beyondbrics

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Markets in central and eastern Europe made modest gains on Monday with Turkish stocks leading the region’s gains as investors wait to see the impact of Japan’s earthquake and the ensuing tsunami on the global economy. Continue reading »

Tags: Japan earthquake Posted in Europe | Permalink

Russia: LNG aid for Japan

March 14, 2011 6:00 pm by Isabel Gorst

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Russia and Japan have never been close allies. For decades the countries have beeen poisoned by disputes over group of islands seized by Moscow during the second world war.

Yet on Monday the Kremlin lost no time in responding to Japan’s nuclear crisis, offering to dip into its most abundant resource: energy. Continue reading »

Tags: energy, Japan earthquake, nuclear power, Shell Posted in Russia | Permalink

Brazil’s Vale looks to Shanghai

March 14, 2011 5:15 pm by Samantha Pearson

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First it was Hong Kong, and now Shanghai. Vale, the world’s largest miner of iron ore, has told beyondbrics it has plans to be among the first foreign companies to list on the Shanghai stock exchange as it seeks to make the most of Asia’s voracious demand for commodities.

However, there is a crucial ‘but’ here. Cross-listing has not yet been approved in China and despite the Brazilians’ enthusiasm, there is a lot of groundwork to be done before that becomes a reality. Continue reading »

Tags: iron & steel, stock exchanges Posted in Brazil | Permalink

Taiwan: new edge in nuclear debate

March 14, 2011 4:48 pm by beyondbrics

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By Jane Rickards in Taipei

Bad news travels faster. The disaster at Japan’s Fukushima nuclear plant has had an immediate impact on Taiwan, reviving a long-running debate over a controversial nuclear reactor that is now under construction.

The speed with which politicians and journalists have returned to the fray highlights how fragile is public backing for nuclear power in Taiwan, despite the island’s dependence on imported fuels. Continue reading »

Tags: Japan earthquake, nuclear power Posted in Taiwan | Permalink

Russian farming: any old iron?

March 14, 2011 4:30 pm by Isabel Gorst

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Following the runaway success of its cars-for-clunkers scheme, Russia is considering a similar plan enabling farmers to trade in clapped out tractors and combine harvesters for more efficient machinery that would help boost crop yields.

This comes as Russia struggles to finance agricultural modernization and meet its goal to become a global grain power helping answer the world’s growing demand for food. Continue reading »

Tags: agriculture Posted in Russia | Permalink

Asia markets wrap: Vietnamese stocks fall

March 14, 2011 4:04 pm by beyondbrics

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Reaction to Japan’s earthquake was generally muted in emerging Asian markets. Most major stock markets across Asia dipped in morning trading before paring their losses in the afternoon. Stock indices in Korea and China were robust on Monday, as exporters and steelmakers rose on the prospect of increased demand there as a result of Japan’s reduced industrial capacity.

Vietnam was the regional outlier with shares in local companies falling by 3.1 per cent amid concern that the earthquake in Japan would curb investment in the country. Continue reading »

Tags: Japan earthquake Posted in Asia | Permalink

Silver lining: Nippon’s $680m investment in Reliance

March 14, 2011 2:48 pm by Tom Burgis

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A planned $680m investment from Nippon of Japan in the life insurance arm of his business empire comes as a nugget of cheering news amid a tough few weeks for Anil Ambani. It also serves as a reminder that the Indian tycoon appears to have moved his focus away from Reliance Communications, the troubled telecoms business, on to other areas of the conglomerate. Continue reading »

Posted in India | Permalink

India surpasses China as world’s biggest arms buyer

March 14, 2011 2:30 pm by Akanksha Awal

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India has big ambitions for its defence sector, and a shopping list and budget – which totalled $30bn last year – to prove it. So it will not come as a surprise to hear that India has overtaken China as the world’s largest importer of arms.

India now accounts for 9 per cent of international arms transfers, followed by China and South Korea according to data from SIPRI, a Stockholm-based think-tank that monitors global weapons trade. Continue reading »

Tags: aerospace, aviation, defence, investment Posted in India | Permalink

Emerging economies flex manufacturing muscle

March 14, 2011 2:00 pm by Peter Marsh

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China has superseded the US as the world’s leader in manufacturing output, ending America’s run of more than a century as the top player in factory production. Brazil has also increased its manufacturing muscle, jumping to sixth position in terms of output last year, from eighth in 2009.

The changes in the rankings of the world’s biggest manufacturing nations – revealed in a study by the IHS Global Insight economics consultancy – underline how emerging economies have grabbed a much bigger share of world manufacturing production in the past decade. Continue reading »

Tags: manufacturing Posted in China | Permalink

Norilsk: Usmanov shows his hand

March 14, 2011 1:28 pm by Courtney Weaver

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Oligarchs Vladimir Potanin and Oleg Deripaska have spent nine months battling for control of Russian metals giant Norilsk Nickel. Now a third tycoon has thrown his hat into the ring.

Alisher Usmanov told Russian daily Kommersant in an article published on Monday that he hopes to revive plans to merge Norilsk with Metalloinvest, his own metals holding company, in a bid to create a Russian metallurgical giant to rival BHP Billiton. His comments have set the industry abuzz: is he trying to make a rapid profit or preparing to reshape a whole industry? Continue reading »

Tags: industry, M&A, privatisation Posted in Russia | Permalink

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beyondbrics

Daily Archives: March 14, 2011

Americas market wrap

Mexico’s economy: in a sweet spot

Repsol-YPF slowly backs out of its Argentine unit

Interbank snaps up Bembo burger chain

FT video: Pitched battles engulf Bahrain

CEE markets wrap: easy does it

Russia: LNG aid for Japan

Brazil’s Vale looks to Shanghai

Taiwan: new edge in nuclear debate

Russian farming: any old iron?

Asia markets wrap: Vietnamese stocks fall

Silver lining: Nippon’s $680m investment in Reliance

India surpasses China as world’s biggest arms buyer

Emerging economies flex manufacturing muscle

Norilsk: Usmanov shows his hand

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