Daily Archives: Dec 31, 2012

ChavezThe people of Venezuela have been asked to pray for the life of President Hugo Chávez after Nicolas Maduro, vice president, revealed that the socialist leader was suffering fresh complications after undergoing cancer surgery in Cuba on December 11.

A New Year’s concert planned for Monday evening was cancelled by the government as speculation about Chávez’s health reached boiling point. “If you are happy with Chávez’s state of health, you are not my adversary, you are my enemy” was one typical comment on Twitter. 

If 2012 for emerging markets could be summed up in a few words, they would probably be “the search for yield”.

That was a change from 2011, when the keynote was “the flight to safety”: market panic drove investors away from risky EM assets and into the safest possible developed market ones. But in 2012, as growth in developed economies continued to stagnate and real yields on some AAA sovereign debt turned negative, investors started looking further afield. With healthier public balance sheets and fast growing economies behind them, EM government bonds saw a surge of inflows

After charts of the year and guest posts of the year, here is a list of the 15 most clicked on beyondbrics posts of 2012.

In reverse order… 

Jin-Yong Cai, IFCBy Jin-Yong Cai of the International Finance Corporation

Four years after the global financial crisis struck, the world still faces major economic challenges. Shocks from Europe, Asia or the US could undermine recoveries in many developing countries, hurting the poor the most. 

* China’s economy ends year on high note

* Egypt’s Mursi sees pound stabilising “within days”

* Emerging stocks climb for sixth day on China output

* Chinese a step closer to Africa mine deal 

The last day of the year seems rather late to be revising your forecasts for 2012 – but that is what economists surveyed by Brazil’s central bank have done. And it’s a dismal way to ring out the old and ring in the new: economic growth in 2012 was less than 1 per cent, they reckon. 

Monday’s picks from the beyonbrics team: China’s economy ends the year on a high; Dubai has gone from bust to boom and wants you to know it; the growth of the Chinese and Indian middle classes presents massive opportunities for agricultural investors; the last line of defence for the Egyptian pound; and what’s Huawei up to in Iran? 

A year in charts, as selected by you, the beyondbrics readers. The themes of the year are India, China, GDP and, above all, oil. 

* Asian stocks slip

* China’s economy ends year on high note

* South Korean inflation slows despite recovery

* Peru raising reserve requirements

* Bolivia awards oil and gas concessions

* UAE to limit expat mortgages

* Hostages rescued after Brazil factory heist

* South Korea parliament to approve budget

* Piramal in talks for TPG’s Shriram stake