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. Continue reading »
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.
Russian equities are cheap for good reason, says John-Paul Smith, global emerging markets strategist at Deutsche Bank. He tells John Authers that poor state control is behind the underperformance of EMs.
It is time to be in emerging markets because the periphery is where the power is. In the second part of an interview with John Authers, Jerome Booth, author of ‘Emerging Markets in an Upside Down World’, explains how investment strategies must change.