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NEWS - EMERGING MARKETS

NEWS - EMERGING MARKETS

Singapore tops list of world’s best places to do business

November 21 ,2014 | by Thiago Kiwi

Singapore tops list of world’s best places to do business

Singapore has retained its title as the world’s best place to do business.

Singapore has long been one of Asia’s major business hubs. In fact, it’s vying with Hong Kong to be true financial capital of Asia. It’s certainly going the right way about it, since the Economist Intelligence Unit (EIU) has once again ranked Singapore as one of the world’s best places to do business.

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Emerging markets announce measures to boost small firms

November 20 ,2014 | by Thiago Kiwi

Emerging markets announce measures to boost small firms

A range of new measures to give small firms a boost have been announced in several emerging markets.

Small businesses are the engine of growth. That’s what we’re often told in the UK as authorities work to improve trading conditions for small and medium-sized enterprises (SME) – and it’s hardly surprising, considering that they constitute the vast majority of the UK’s companies and employers.

Of course, the same is also true around the world. Especially in emerging markets, authorities are working to give SMEs a boost in a bid to encourage growth and stimulate further development. The past few days have seen a number of measures announced across several Asian and African economies to kickstart economic expansion.

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London Stock Exchange issues biggest ever rupee bond

November 19 ,2014 | by Hari Sri

London Stock Exchange issues biggest ever rupee bond

The London Stock Exchange’s biggest ever rupee bond worth £103 million was issued earlier this week by the International Finance Corporation.

India and the UK have been working hard to cement their already close economic and financial relationships after all the latter is the biggest investor in the former among the G20 nations. But, this week, they have edged even closer together.

The International Finance Corporation (IFC) has issued a major new rupee bond in London today – the biggest of its kind ever issued on the London Stock Exchange (LSE).

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India promotes manufacturing sector to encourage investment

September 24 ,2014 | by Hari Sri

India promotes manufacturing sector to encourage investment

India is launching a new campaign to encourage investment in the nation’s manufacturing sector.

India has been struggling to keep pace with growth in the economies of many of its rivals. With a current account deficit, high inflation and weak factory output, it is now considering a raft of new measures to increase foreign direct investment and get the country growing fast once more.

This week, the government will officially announce a new programme aimed at luring global industry into India’s manufacturing sector.

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Growing population makes Africa a key market

September 22 ,2014 | by Sarah Parkin

Growing population makes Africa a key market

Africa has seen its population grow, making it even more attractive as a market for businesses.

In recent years Africa has seen an explosion in growth in some of its major economies. Although it remains one of the poorest regions in the world, a growing population and economic development mean it is a very promising market for businesses planning to grow internationally.

Data from the Population Research Bureau shows that by 2050, Africa will see its population more than doublefrom 1.1 billion to 2.4 billion people. Nigeria alone will see its population rocket from 174 million to 440 million people. That will mean a large, young and sophisticated audience with a higher demand for a whole range of goods and services, not to mention a large workforce. Improved access to healthcare and medical advances are thought to have been the driving forces.

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Malaysia growth fastest in Asia-Pacific after China

September 19 ,2014 | by Sarah Parkin

Malaysia growth fastest in Asia-Pacific after China

Malaysia’s economy is the fastest-growing in its region, credit ratings agency Moody’s has said.

Malaysia has been seen as one of Asia’s highest-potential markets for some time, and its efforts to boost its economic prospects have largely borne fruit. Yesterday, credit ratings agency Moody’s Investors Service said that despite fiscal consolidation acting as a drag on growth, the nation is still performing strongly. In fact, it’s doing better than any other economy in the region, with real gross domestic product (GDP) having grown by 6.3 per cent year-on-year in the first half of 2014.

With a rate of growth that outstrips all the major countries in Asia-Pacific except China, Malaysia is clearly taking positive steps to boost its economy.

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Google launches $105 Android One smartphone in India

September 17 ,2014 | by Hari Sri

Google launches $105 Android One smartphone in India

Google is taking smartphones to the masses in emerging markets like India with the new Android One device.

Google has been onto a winner with its Android operating system in the past few years. It’s the biggest rival to Apple’s iOS and used on a wide range of devices by different manufacturers, and it’s associated with lower costs than rivals running Apple’s software. So perhaps it isn’t surprising that Google is using Android to gain a foothold in emerging markets.

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UK signs more China trade deals

September 15 ,2014 | by Sarah Parkin

UK signs more China trade deals

The UK moves to develop stronger links with China have continued with a new wave of trade deals.

The UK has been going out of its way to consolidate and tighten its bonds with China. Just a few months ago, deals worth more than £14 billion were signed during the visit of Chinese premier Li Keqiang to British shores, covering everything from oil to securities.

As China vice premier Ma Kai came to London and met chancellor George Osborne as part of the annual UK-China Economic and Financial Dialogue summit, another fresh wave of trade deals are expected to be finalised.

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Ecuador to launch national digital currency similar to Bitcoin

September 04 ,2014 | by Thiago Kiwi

Ecuador to launch national digital currency similar to Bitcoin

Ecuador intends to launch its own national digital currency similar to cryptocurrencies such as Bitcoin.

Ecuador has revealed more details about its intentions to create what it has described as the world’s first digital currency to ever be issued by a country’s central bank.

According to President Rafael Correa, the aim of the digital currency, which has yet to be given an official name, is to help people in Ecuador who cannot afford traditional banking.

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India to experience 6% growth this year

August 27 ,2014 | by Hari Sri

India to experience 6% growth this year

India’s economy is on track to grow close to six per cent by the end of the fiscal year, according to its department of economic affairs.

Indian economic affairs secretary Arvind Mayaram said that as things currently stand, India is expected to have expanded by a robust 5.8 per cent at the end of March 2015.

Speaking to officials, the expert explained that the subcontinent’s economy has experienced a much welcome boost thanks to an “uptick in core sectors”. It is positive news, given that previous to this, India had experienced one of its worst slowdowns in years.

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Mercedes-Benz accused in China price-fix probe

August 19 ,2014 | by Thiago Kiwi

Mercedes-Benz accused in China price-fix probe

Chinese authorities have said that Mercedes-Benz is guilty of breaching anti-monopoly legislation.

Investigations in China’s automotive industry have taken another victim after, on 18 August, the nation’s authorities said that Mercedes-Benz had violated Chinese anti-monopoly laws.

Audi and Chrysler have already fallen foul of the National Development and Reform Commission (NDRC) this month amid a huge enquiry into alleged price-fixing of aftersales services such as repairs, maintenance and spare parts. The authority has also suggested that up to 12 Japanese manufacturers could face severe penalties in the near future, the Financial Times reports.

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Lenovo gains show China’s tech muscle

August 18 ,2014 | by Sarah Parkin

Lenovo gains show China’s tech muscle

Chinese tech giant Lenovo’s profits have shot upwards as the firm eyes further expansion overseas.

Apple might be the best-known name in the computer manufacturing industry, but the price of the Mac range and an abiding preference among many users for different operating systems mean there are a wide range of producers selling lower-cost laptops and PCs.

One of the newer entrants on the scene – at least in the west – is Chinese manufacturer Lenovo, which has risen to become the world’s biggest maker of personal computers. But as its latest results indicate, the company has no intention of resting on its laurels.

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Record trade surplus for China

August 12 ,2014 | by Sarah Parkin

Record trade surplus for China

China’s trade surplus hit a record high last month on the back of a surge in exports.

China’s prospects have been the subject of much discussion in the past few months, as concerns have been raised that the world’s second largest economy might be slowing down. But it has lost none of its appeal for foreign buyers, it appears, since the country posted a record trade surplus last month as a result of a surge in exports.

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Ghana turns to IMF for bailout from financial crisis

August 06 ,2014 | by Hari Sri

Ghana turns to IMF for bailout from financial crisis

Ghana was once one of Africa’s most promising economies, but the country has turned to the International Monetary Fund for support to prop up its economy.

Ghana is one of the West African nations which is often thought of as having plenty of growth potential. But news emerged this weekend that the government in Accra is pursuing talks with the International Monetary Fund (IMF) for a bailout programme that could help Ghana fix its ailing economy.

So how did Ghana get into trouble and how will it get out?

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India’s Tata group eyes $35 billion global expansion

August 04 ,2014 | by Hari Sri

India’s Tata group eyes $35 billion global expansion

India’s Tata group has earmarked $35 billion (£20.7 billion) as part of its global expansion plans over the next three years.

India’s largest conglomerate by revenue, Tata, is aiming to extend its reach across the world, according to plans outlined by chairman Cyrus Mistry’s Vision 2025 report. The goal is to push Tata into new markets in India and overseas, making it a globally recognised company. Mr Mistry aims to have the firm “among the 25 most admired corporate and employer brand globally, with a market capitalisation comparable with the 25 most valuable companies in the world”.

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'BRICS Bank' planned to give developing countries a voice

July 16 ,2014 | by Hari Sri

'BRICS Bank' planned to give developing countries a voice

China has revealed that BRICS may be taking a central role in nurturing a commanding voice among developing countries so that they have a bigger influence on politics at an international level.

Speaking ahead of a BRICS (Brazil, Russia, India, China and South Africa) Summit in Brazil, President Xi Jinping explained that this will ensure that there is an equal balance of power, which is still largely concentrated in industrialised western countries.

The economic powerhouse has already made significant efforts in this area by, for example, looking into the viability of a “BRICS bank”, which would challenge the hegemony of institutions like the World Bank.

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George Osborne and William Hague promote business with UK to India

July 11 ,2014 | by Hari Sri

George Osborne and William Hague promote business with UK to India

UK Chancellor George Osborne, with Foreign Secretary William Hague, has offered foreign direct investment opportunities to India, hoping to secure lucrative deals to the benefit of the subcontinent and of course Britain.

Mr Osborne is keen to build a strong, mutually advantageous relationship with India’s new Prime Minister Narendra Modi, who is equally enthusiastic about delivering on his election promises to transform the country.

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The new SME boom: A look at the African startup revolution

July 11 ,2014 | by Hari Sri

The new SME boom: A look at the African startup revolution

Africa has been experiencing something of a startup revolution as of late.

Over the last few years, local entrepreneurs with plenty of ideas and ambitions have been developing products that are focused on meeting the specific needs, and transforming the image, of the continent.

Part of the reason for this recent surge is the increasing presence of technology in Africa.

While there is clearly a lot to do in terms of developing accessible electricity required to power innovation and champion progress, greater wireless connectivity and access to smartphones and computers is having a positive impact on the continent.

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India's economy to grow by 6% in 2014-15

July 10 ,2014 | by Hari Sri

India's economy to grow by 6% in 2014-15

India’s economy is projected to grow by as much as six per cent this financial year, according to new analysis.

The India Economy Survey revealed that the emerging economic giant is likely to experience GDP growth in the value of between 5.4 per cent and 5.9 per cent in 2014/15.

Tabled by Arun Jaitley, India’s finance minister, the survey casts the subcontinent in a very strong position, with plenty of potential for investors home and abroad.

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20 years of Brazilian Real – why do countries launch new currencies?

July 03 ,2014 | by Sarah Parkin

20 years of Brazilian Real – why do countries launch new currencies?

Brazil introduced the real two decades ago as part of a bid to beat inflation. But, why do countries launch new currencies?

On 1 July, Brazil celebrated the 20th anniversary of introducing a new currency. The real made a massive difference to the nation’s economy, and it is not surprising that many Brazilians look back negatively on the time before the currency was in use.

But why do countries introduce new currencies, and does it make a difference?

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Africa firm on its way to meet economic promise

July 02 ,2014 | by Hari Sri

Africa firm on its way to meet economic promise

Africa is only just beginning to fulfil its economic potential as its economies show signs of strong growth.

When Nigeria rebased its economy in April it became the 26th largest economy in the world. Last month Kenya raised $2 billion (£1.18 billion) from institutional investors in its first offering on the sovereign bond market. Angola has even offered financial aid to Portugal as the European country struggles with its debts.

The past year has seen Africa truly arrive on the global economic stage.

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India’s startup leaders turn into angel investors

July 01 ,2014 | by Hari Sri

India’s startup leaders turn into angel investors

An increasing number of entrepreneurs in India are acting as angel investors for new companies.

India’s recent emergence as a major economic power has been accompanied by the success of a number of exciting startups that are now worth billions. But the entrepreneurs behind these firms are now using their success to give a boost to younger businesses and talent.

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UK and China celebrate huge new trade deals worth over £14 billion

June 20 ,2014 | by Hari Sri

UK and China celebrate huge new trade deals worth over £14 billion

China and the UK have signed trade deals worth billions during the Chinese premier Li Keqiang’s visit to Britain.

The UK has been anxious to tap into China as a crucial export market in recent years, and trade between Britain and the world’s second-largest economy has been building on its existing strengths.

During the visit of Chinese premier Li Keqiang to the UK this week, the two nations have signed a succession of trade deals with a collective value of more than £14 billion.

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China growth slowdown is a sign of consolidation, not decline, says report

June 19 ,2014 | by Hari Sri

China growth slowdown is a sign of consolidation, not decline, says report

ICAEW has published a new report which shows that slowing economic growth in China represents a period of consolidation.

Growth in China may be slowing down but it is “not something we should be too worried about”, according to a new report from the Institute of Chartered Accountants of England and Wales (ICAEW).

Economic Insights: Greater China was produced for the organisation by the Centre for Economics and Business Research (CEBR), and finds that this year could be the first in which China officially misses its headline economic growth target. However, the gap will still be fairly small.

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Kenya aims for African record $2 billion bond sale

June 18 ,2014 | by Hari Sri

Kenya aims for African record $2 billion bond sale

Kenya has broken African records by raising $2 billion from global investors in its debut bond sale.

Kenya has raised as much as $2 billion (£1.18 billion) from institutional investors on its debut in the sovereign bond market, the Financial Times reports – the biggest ever debut for an African nation.

High levels of demand from investors such as pension funds, sovereign wealth funds and insurance companies all came together to propel Kenya to its success – and with investors having placed orders for over four times more than the government eventually raised, it seems that risk appetite in the world’s markets is bouncing back.

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