The auto fight between Mexico and Brazil is heating up.
Mexican officials on Friday said they had rejected an ultimatum issued by Brazil on a long-standing bilateral auto accord. The terms the Brazilians are seeking would in effect kill the whole deal, they added. Continue reading »
Thursday was International Women’s Day – and a chance to look at various indicators regarding female employment around the world. One such measure is the level of female senior executives and board members. Another is economic opportunity.
Two reports released on Thursday come to seemingly very different conclusions. One showed that the percentage of senior managers who are women was higher in emerging markets than elsewhere – but decreasing. The other showed that women’s economic opportunities were far better in high-income countries. What’s going on? Chart of the week takes a look. Continue reading »
Here’s another financial services company expanding its plans for investing in Africa. As Alistair Gray reports, Old Mutual has a head start with its strong South African heritage. With operations already established in six African countries, it is now looking at entering underdeveloped markets such as Tanzania and Ghana. Continue reading »
After a long, and at times bitter process, Walmart’s $2.4bn acquisition of South African retailer Massmart appears to be in the clear.
On Friday, a South African court dismissed appeals from three government departments and unions to have the deal – which will see the US giant take a 51 per cent stake in Massmart – re-examined. The one victory for those who instigated the court action was the ruling that 500 workers cut from Massmart just before the merger be rehired. Continue reading »
The Reserve Bank of India cut its cash reserve ratio for banks by 75bps on Friday, allowing the release of Rs480bn ($9.63bn) into the economy just as liquidity in the banking system is expected to tighten in coming weeks. Continue reading »
Ukrainian President Viktor Yanukovich’s administration is bracing itself for the return of Vladimir Putin as president. It’s hoping the powerful Russian leader won’t kick off a third term by flexing his political muscle against its increasingly isolated and vulnerable neighbour.
More good news for EM investors – but also, perhaps, a warning over China – in the latest figures from EPFR, the fund flow monitor.
EM equity funds recorded a 10th straight week of inflows – $907m in EPFR’s sample universe - and once again outperformed their developed market counterparts. But within those numbers, Asia recorded its first week of negative flows in nine – $425m – as investors fretted over China’s lower growth target. Continue reading »
Russian equities have risen 190 per cent in three years, but they are still at a steep discount to other emerging markets. Stefan Wagstyl, emerging markets editor, talks to John Authers about the markets’ on-off love affair with president-elect Vladimir Putin.
Would Greece have an easier time scrambling out of its economic hole if it returned to the drachma? The evidence from central Europe on the advantage of having your own currency is less than clear cut.
One country in the region, Slovakia, joined the euro in 2009 just as the economic roof fell in, while Poland, the Czech Republic and Hungary saw their currencies plunge against the euro and the dollar. Continue reading »
Predicting the growth of the Chinese car market is hard at the best of times, even for companies whose corporate lives depend upon it. Car market watchers either underestimate or overestimate sales: so it is always best to take the automotive crystal ball for what it is – a tool of divination more than science. Continue reading »
Friday’s picks from the beyondbrics team: why China’s next leaders will find it difficult to fulfill the comprehensive pledges promises made by Wen Jiabao; the surprising winners of China’s massive military buildup; and differing attitudes to globablisation in Latin America’s biggest economies. Continue reading »
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