Shortages in Venezuela are leading to unrest and worrying bond markets. Russ Dallen, head of Caracas Capital Markets, explains that policy failures have reduced production capacity and the country cannot afford to import or pay its debts.
China slowdown, collapsing currencies and the double-edged sword of cheaper oil – Jonathan Wheatley and James Kynge of the FT’s emerging markets team discuss the outlook for 2015 in EM countries.
Shares on the Shanghai stock exchange have climbed 22 per cent in the past month. fastFT’s Naomi Rovnick explains to Jonathan Wheatley, deputy emerging markets editor, how this is being driven by falling property prices and lower interest rates.
One of the most powerful emerging markets fund managers in the US is accusing the west of acting “capriciously” by imposing sanctions on Russia.
Justin Leverenz, who controls the $42.3bn Oppenheimer Developing Markets fund, and who has put 7.2 per cent of his fund into Russian stocks, questioned the wisdom and the motives of a confrontation with the Kremlin over the Ukraine. Read more
The slowing Chinese economy and unwinding of US quantitative easing have squeezed emerging market bonds. However, Brett Diment at Aberdeen Asset Management sees an opportunity in local currency EM debt, as he explains to FT’s EM editor James Kynge.
Brazil is in recession but President Dilma Rousseff has regained her lead over main challenger Marina Silva, to the markets’ disappointment. Joseph Leahy, Brazil bureau chief, explains why voters are overlooking the country’s economic difficulties.
The FT’s Benedict Mander examines the tricky task for Chile’s president, Michelle Bachelet, of pushing through reforms to reduce inequality, especially in education, as the economy starts to slow with lower demand for its main export, copper.
Emerging market stocks are suffering their longest slide in a decade. James Kynge, emerging markets editor, discusses with capital markets correspondent Elaine Moore the factors behind the falling popularity of EM assets and whether an end is in sight.
India’s stock markets have been powering ahead after the election win of Narendra Modi. James Crabtree explains to James Kynge the technical reasons why the rally may go on but how its sustainability depends on Modi delivering his promised structural reforms.
Barack Obama is hosting the first US-Africa summit in the hope of tapping into the region’s economic resurgence. But is the US too far behind the EU and China? Javier Blas asks Ed Luce, chief US columnist and Katrina Manson, east Africa bureau chief.
China’s renminbi is becoming more attractive, despite not being freely traded. Hayden Briscoe, head of Asia-Pacific Fixed Income with AllianceBernstein, discusses with the FT’s John Authers why the currency is growing in popularity, and the risks and opportunities this opens.
Shanghai is leading a race to host the headquarters of a new “Brics” development bank. Jonathan Wheatley, deputy emerging markets editor, looks at what purpose a Brics bank would serve and whether the Brics acronym is still relevant today.
Fears that Brazil’s infrastructure would be overwhelmed have so far proven overblown. There have been some flight cancellations, poor communications at some games and other problems, but the FT’s Brazil bureau chief Joseph Leahy reports that generally things have gone smoothly
Mozambique is one of the world’s poorest countries but the discovery of gas reserves off its coast could change that. The FT’s Andrew England looks at the preparations for a commodities boom and what impact upcoming elections could have on investor sentiment.
Following Nigeria's example?
The International Monetary Fund’s “Africa Rising” conference opened in Maputo with gushing descriptions about the “potential” and “opportunity” of the fast growing continent.
IMF chief Christine Lagarde, the guest of honour, told the gathering of politicians, aid workers and business types that “we are witnessing a moment of transformation in Africa.” Former US President Bill Clinton joined in via video to talk of Africa’s “remarkable economic progress.”
Yet intertwined with the unabashed bullishness were warnings about the potential potholes that line the road ahead, especially for those nations endowed with rich reserves of the natural resources that have been driving much of the continent’s heady growth. Read more
Ivory Coast prime minister Daniel Kablan Duncan expects a sovereign bond planned by his country to come to market in July. He talks to Javier Blas about his financing plans and the challenges facing Africa.
President Juan Manuel Santos says that if he wins Colombia’s elections he will put an end to the long-standing conflict with the Marxist insurgents of the Farc. He talks to Andres Schipani just days before the vote.
Nigeria is Africa’s biggest economy and the continent’s most populous state, but a recent spate of violence raises questions about the government’s ability to provide security within its borders. The FT’s Vanessa Kortekaas reports on the battle for power in Nigeria.
Ben Bland, Indonesia correspondent, explains one of the world’s most complicated elections as the country prepares to elect both chambers of its legislature and a new president.
The worst is over for emerging markets, says George Hoguet, global investment strategist at State Street Global Advisors. He explains why to FT emerging markets editor James Kynge, and considers whether defaults in China will lead to a financial crisis.