By Noor Menai, CTBC Bank USA
In a thinly veiled admonishment, the White House recently accused the UK – our closest ally – of “a policy of constant accommodation” towards China. The parallel drawn to the historical appeasement of Germany by an apprehensive Europe was lost on no one, nor indeed the overwrought nature of the underlying concern.
The proximate cause of this spleen-venting was the surprise breaking of ranks by the UK to join as a founding shareholder the nascent China-led Asian Infrastructure Investment Bank (AIIB.) This initial $50bn fund has as its’ agenda the financing of overdue infrastructure in Asia. Read more
“Buy when there’s blood in the streets,” Baron Rothschild once famously said. Applying that wisdom to emerging markets, Gavin Serkin names Nigeria as the most promising emerging market for the next decade. Is he right?
Looking for “the best place in the world to put your money”, Serkin, Emerging Markets editor-at-large at Bloomberg, traveled to 10 preselected emerging markets. Armed with ‘excel spread sheets’ and taking along emerging markets investors such as Mark Mobius, he visited Kenya, Myanmar, Romania, Argentina, Vietnam, Nigeria, Egypt, Saudi Arabia, Sri Lanka, and Ghana. The results of that emerging market Odyssey are in his book “Frontier”. Its conclusion is surprising: the world’s most promising emerging market is also one of the most violent. Read more