Emerging Markets
Are ETFs (Exchange Traded Funds) Causing an Emerging-Markets Bubble? – U.S. investors have pumped roughly $26 billion into emerging-markets funds so far this year. Of that, $15 billion came in through exchange-traded funds — portfolios that hold every stock in a market benchmark with utterly no regard to price. FT Advisor, WSJ
Latin America
Agriculture: Superpower is ready to feed the world – Malthusians worried about the world’s ability to feed itself might like to listen to Roberto Rodrigues, an agribusiness consultant and former Brazilian agriculture minister. FT
Lula sees Brazil economy growing 5 pct in 2010 – President Luiz Inacio Lula da Silva is confident Brazil’s economy will grow by 5 percent in 2010 and expects foreign reserves to reach $300 billion soon, he told the Financial Times in an interview published on Monday. Reuters
Meirelles Says Investors May Create Brazil Bubble - Brazilian central bank President Henrique Meirelles said “exuberant” investors might create an asset bubble in Latin America’s biggest economy. Bloomberg
Latin America will do well, but not great – The news that Brazil and Mexico have come out of the recession and are poised for solid growth should be celebrated, and both countries leaders should be given credit for their sound economic management. Miami Herald
Latin America low on Obama’s priority list – One year the election of President Obama, it’s time to ask whether his ambitious campaign promises for Latin America are being fullfiled. Miami Herald
Latin American Leaders Seek to Rein in Media, Press Group Says – Populist leaders in Latin America are increasingly making legal and political moves to silence their critics in the media, the president of the Inter American Press Association said Friday. NYTimes
Asia Pacific/Pacific
Indian IIM-A placement record – The famous business school IIM-A manages to place all 321 students within four days. India Times
Asian stocks falling third week in a row – The Asian stock markets have been experiencing the longest decline for the last 8 months. Bloomberg
Russia – German carmaker Audi is aiming at doubling its sales to 30,000 by 2015 in Russia while Gazprom is cutting its profits in half for first half of 2009. WSJ, The Associate Press
Is China unbalancing the world economies? – China is again growing at 8% and is bound to overtake Japan as the second largest economy in the world. Critics now say that this growth is at the expense of the rest of the world especially with regards to the Yuan policies. Economist economist Herbert Stein goes even further criticing that this growth is not sustainable: ” too much investment, too much saving, too little consumption”. NY Times
India – JPMorgan to Grow Indian Investment Banking Unit. Bloomberg
Indian-South Korean freetrade agreement – India and South Korea are moving closer by increasing economic ties and entering a free trade agreement. JoongAng Daily, Businessweek
Japan - Uncertainty about US Army Bases in Japan after new Japanese government has taken power and Obama heading to Japan. WSJ Reuters
Mekong Delta – The last frontier of the Asian Emerging Markets is gaining increasing attention especially now as Japan makes more economic ties. Channel News Asia, Reuters
Asia most affected by climate change – The APEC summit has concluded that it is most affected by the Economic Change and focuses more attention on environmental protection now. Xinhuanet
Obama in Asia – The US president is faced with tough situations when visiting Japan, China, Singapore and South Korea this week. Honolulu Advertiser LA Times
Africa
Angola Seeks $4 Billion in Bond Sale, JPMorgan Says Angola, which vies with Nigeria as Africa’s biggest oil producer, is seeking to raise $4 billion in the sub-Saharan African region’s largest sale of bonds. Bloomberg
China pledges $10bn in Africa loans The Chinese government has pledged to give African countries billions of dollars in cheap loans at a two-day Africa-China summit in Egypt. Aljazeera
Ghana to renegotiate $900m Vodafone deal The government of Ghana on Tuesday night said it would renegotiate Vodafone’s $900m (£550m) purchase of a leading local telecoms group after an official review into alleged “irregularities” in the deal. FT
Why deregulation is essential for Nigeria, by Yar’Adua PRESIDENT Umaru Musa Yar’Adua yesterday said that deregulation of the petroleum sector was inevitable to curb corruption and other abuses in the system. NGR Guardian News
SA terminate $5.4bn Airbus deal The South Africa government has terminated the US$5.4 billion Airbus A400M military aircraft deal, cabinet announced on Thursday. The decision which was taken two weeks ago but was only made public Thursday would have seen the southern African country acquire eight Airbus A400 military aircraft. Africa News
Why Ugandans want to work in Iraq At the Watertight security training ground in Uganda, a group of men and women are doing target practice with their AK47s. BBC
Most clicked articles last week:
HSBC On Lookout For Acquisitions In Emerging Markets -WSJ
Emerging Markets Offer Operators Best Opportunity to Gain Foothold in Growing Mobile Business Customer Market, Says ABI Research – Reuters
The Double-Edged Sword of Emerging Market Growth – Seeking Alpha
Forget China, Brazil’s a cheaper investment – CNN Money
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