The week in emerging markets, with our most read stories, five things we have learned, and the week in a chart – this week: EM reacts to Bernanke
- RenCap: Russia the next Greece
- Brazil’s big-spending tourists take New York by storm
- Brazil: bank runs and break-ins
- Turkey: more oil and gas deals with Iraqi Kurdistan
- The fall of HKMEx and what it means for Hong Kong’s commodities dreams
- Guest post: LatAm’s Pacific Pumas
- Carlos Slim: not world’s richest man
- Mexico’s Q1 GDP: don’t panic yet
- Beijing property market a bit too hot for Nobel prize winner
- China property: bigger index, bigger bubble
Five things we have learned:
- China’s property boom is back, and it’s moving at a rapid clip.
- Samsung’s new Galaxy S4 has sold 10m units within a month of its release, making it the company’s fastest-selling smartphone ever.
- Zimbabwe’s stock exchange is planning an IPO.
- There’s money to be made in pre-paid cellphone market in the US.
- Danone really likes yoghurt in China.
The week in one chart: EM reacts to Bernanke comments that an end of quantitative easing could finally be in sight
It’s all about context. EM equities sold off on Thursday following relatively hawkish comments from Ben Bernanke, chairman of the Federal Reserve, that an end of quantitative easing could finally be in sight. Sluggish manufacturing data from China didn’t help sentiment either.
Hong Kong’s Hang Seng index was among the biggest losers – down 2.5 per cent on Thursday. But at 22,618.67, the index is still trading at a two year high – a sign that momentum is still on the EM bulls’ side – for now anyway.
Older entries
Stefan Wagstyl
Rob Minto
Pan Kwan Yuk
Jonathan Wheatley
Heba Saleh