News

Blog

Filter by specific countries or regions

By Heather Berkman of Eurasia Group

After decades of intense armed conflict that tarnished the country’s image, Colombia’s government has drastically reduced the yearly tally of homicides, kidnappings and attacks on infrastructure and has demobilized thousands of left- and right-wing illegal armed groups, resulting in a surge in foreign direct investment.

But lingering beneath the glowing reports and favourable statistics are disquieting developments – and the government is feeling the pressure. This could make it less willing to push through the reforms that are necessary to solidify Colombia’s resurgence. Continue reading »

* Asia Slides on Greece Worries

* Lenovo fourth quarter net profit up 59 percent, meets forecasts

* PTT swoops with higher bid for Cove Continue reading »

Shell, over to you.

The bidding war for London-listed energy company Cove took another turn on Wednesday. PTT Exploration & Production, Thailand’s biggest oil explorer, raised its offer to 240p per share, or £1.22bn ($1.92bn), trumping Shell’s previous bid of 220p. Continue reading »

Wednesday’s top reads from beyondbrics: China’s lending lab; Nigeria’s Boko Haram problem; and the bumpy road to growth. Plus: Brazil ‘Chinafies’; Zuma, art, and democracy; Africa’s rise; and why China might not be the coming superpower after all. Continue reading »

South Korean officials are painfully aware that the country’s financial markets could be hit again by sudden capital outflows amid growing concerns that Greece could exit from the eurozone. The concern is that foreign investors could suddenly withdraw money from Asia’s fourth-largest economy if Europe’s debt crisis worsens. Korea’s export-driven economy is particularly vulnerable to external shocks. Continue reading »

Just as China looks to be refuelling the investment engine, a word of warning comes from the World Bank: China’s traditional fallback plan of infrastructure-based growth is not the answer to a sliding economy. Much better to get people spending.

The World Bank also trimmed its 2012 growth forecast for China to 8.2 per cent, in line with yesterday’s update from the OECD. Continue reading »

* US senators vote to cut aid to Pakistan

* World Bank cuts China growth forecast to 8.2 per cent

* West shifts stance on Iranian sanctions

* Brazilian central bank moves prop up real Continue reading »

What is the world’s greatest underutilised resource? Depending on who you ask the answer might be shale gas, oil, or women. But ask Leila Janah, inventor of the term “micro working”, and she will tell you it’s “the brainpower of the poorest 4bn people in the world”.

If that is true, companies like oDesk, eLance and Janah’s own Samasource are well on their way to become the Shell, BP and ExxonMobil of brainpower extraction. Continue reading »

It’s a study that has gone relatively unnoticed but one that could have huge consequences for Brazil’s cocoa industry and chocolate lovers everywhere.

Researchers at the University of Campinas (Unicamp) in São Paulo state appear to have discovered exactly how the deadly fungus witches’ broom operates, paving the way for a possible cure. Continue reading »

By Kelly Sims Gallagher and Kevin P. Gallagher

The Obama Administration’s preliminary decision to impose a 31 per cent tariff on solar panels imported from China is short sighted. The move could cause a trade war, hurt the US economy, jeopardize US security interests, and put the world further off course in terms of meeting its global climate change goals. Continue reading »

The chips are down. Canadian frozen fries company, McCain, has temporarily halted production at its plant in Balcarce in the province of Buenos Aires. To blame is a simmering trade dispute between Brazil and Argentina that has flared up again this month.

McCain prides itself on being the chip purveyor to Mercosur from its $140m Argentine plant, that can chop, fry, freeze and package 27 tonnes of potatoes an hour. Yet Mercosur’s appetite for free trade has been in doubt for a while. If Brazil, the region’s biggest market, isn’t buying frozen chips, something must be seriously wrong. Continue reading »

Eurovision kicks off Tuesday night in Baku and the Azerbaijani capital is decked out to the nines. The city’s imported London taxis are emblazoned with Eurovision designs and traffic billboards tick down the days to the song contest’s finale on Saturday which the government says it has spent $100m preparing for.

As thousands of first-time tourists start to pour into Baku from continental Europe, the country’s ministry of culture and tourism is looking at the first big test – and advertisement – for the country’s nascent tourism industry. Continue reading »

Igor Sechin, Russia's deputy prime ministerRosneft’s share price leapt today after Igor Sechin (pictured), Russia’s oil tsar, was appointed head of the state oil company. It’s not difficult to see why. Sechin, a former KGB agent and trusted ally of Vladimir Putin, favors tight state control of the oil industry and has taken good care of Rosneft in the past.

Dmitry Medvedev signed an order appointing Sechin chief executive of Rosneft on Monday one day after the new Russian government was formed. Continue reading »

If you don’t like the message, hire your own messenger. That’s the response from Turkey’s prime minister to last month’s decision by rating agency S&P to revise downwards its outlook on Turkish debt. Recep Tayyip Erdogan this week threatened that Ankara would set up its own credit rating agency.

It wouldn’t be the first in the emerging world. And it’s hard to see how a Turkish one would have more impact than, say, established Indian and Chinese agencies. Continue reading »

An Italian company is attempting to break into Brazil’s expanding bioethanol market with an agreement to build what could be the country’s first second-generation plant to produce fuel from the residue of sugar cane on a commercial scale. Continue reading »

Global equities macromap

Number of the day

240p The new offer for Cove Energy shares from PTT, trumping the bid from Shell.

beyondbrics

The emerging markets hub

About this blog Headlines email Blog guide
News and comment from more than 40 emerging economies, headed by Brazil, Russia, India and China.



'Like' our beyondbrics Facebook page, where we showcase a top story of the day
Sign up for our news headlines and markets snaphot service. We have two emails per day - London and New York headlines (sent at approx 6am and 12pm GMT).

To comment, please register for free with FT.com and read our policy on submitting comments.

There is an overall beyondbrics RSS feed, as well as feeds for all our countries, tags and authors. Learn more in our full RSS guide.

All posts are published in UK time.

Get in touch with us - your comments, advice and even complaints. Find out how to contact the team.

See the full list of FT blogs.

BB shortcuts

Regulars Series Archive
Chart of the week
Behind the numbers

Fund flows
Tracking money in and out of EM bonds
12 for 2012
Guest posts on key trends for the year ahead

Brics at 10
A decade of growth
The Diaspora Digest
EM diasporas, seen through their community media (Oct-Nov 2011)
Sick brics (Sep 2011)
Brics and mortar (Aug 2011)
Beyondbrics on the beach (Jul-Aug 2011)
China bubble? (June 2011)
Post-election Nigeria (June 2011)
Hey bric spender (Aug 2010)

Emerging markets data

Archive

« AprMay 2012
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  

What we are writing about

banking bonds Brazil economy Brics CEE China economy consumer corruption currencies currency war debt energy equities eurozone crisis exports FDI food & drink guest post Hugo Chávez IMF India economy inflation interest rates internet investment IPOs M&A manufacturing mining monetary policy oil & gas PMI politics Repsol retail Russian elections Russian politics tax technology telecoms trade vehicles video World Bank YPF