News

  • Strong China data boost sentiment

    Stronger-than-expected trade data from China cheer investors but Nikkei 225 bucks the regional trend, sinking 1.8 per cent on a firmer yen - Feb 8, 10:36am

  • ICBC named sole Singapore renminbi clearer

    Bank move puts in place the final building block needed to launch the city-state’s role as southeast Asia’s hub for the Chinese currency - Feb 8, 10:02am

  • China denies targeting Japanese ship

    Sino-Japanese tensions over Senkaku Islands escalate after Tokyo accuses Chinese navy of using a weapons radar to target a ship and helicopter - Feb 8, 08:13am

  • China trade growth hints at strong 2013

    Exports rose 25% in January from a year earlier, the fastest pace since April 2011 while imports rise 28.8%, more than four times December’s figure - Feb 8, 03:49am

  • Global inflows to Africa at two-year peak

    Money flowing into Africa-dedicated equity funds in December reached $878.4m, four times the amount in the previous month - Feb 7, 11:11pm

  • Brazil approves ICE electronic platform

    Moves to bring down benchmark interest rate and stimulate long-term borrowing are expected to boost demand for corporate securities - Feb 7, 10:48pm

  • Euro slide triggers equity sell-off

    Japanese shares retreat while single currency slips after ECB leaves policy unchanged but Draghi delivers subdued assessment of the bloc’s outlook - Feb 7, 09:39pm

  • Investors start a new scramble for Africa

    Frontier markets have outperformed their mainstream counterparts this year, but risks are not about to disappear - Feb 7, 07:59pm

  • Lilia Shevtsova: A new way to contain Russia

    The west’s traditional methods of dealing with Putin’s Kremlin – from realpolitik to reset – have stopped working, writes Lilia Shevtsova - Feb 7, 07:52pm

  • Arabica premium drops to a four-year low

    Lower-quality robusta bean rallies ahead of the Vietnamese holidays, with roasters also tailoring blends for tighter budgets - Feb 7, 06:33pm

  • African ‘barons’ seek firmer foundations

    It is important to assess whether the work carried out by unaccountable philanthropic groups is reliable and effective, says William Wallis - Feb 7, 06:00pm

  • Cutifani pans threat of SA mining review

    Incoming Anglo American chief calls the move ‘out of order’ in the wake of the group’s plans to restructure its struggling platinum business - Feb 7, 05:10pm

  • Brazil inflation pace hits 8-year high

    The consumer prices index has risen to an annualised growth rate of 6.15 per cent – close to the top of the central bank’s target range - Feb 7, 04:32pm

  • MSF warns of emergency in Myanmar camps

    Aid group is faced with threats and intimidation from extremist groups in Rakhine state, affecting its ability to deliver life-saving medical care - Feb 7, 04:12pm

  • Peugeot reaffirms push into Brics

    French carmaker looks belatedly to Brazil, China and Russia for salvation and hopes half of its sales will be outside Europe by 2015 - Feb 7, 03:14pm

  • Nigerian opposition parties merge

    Coalition of Nigeria’s four main opposition groups faces its first test when it tries to agree on a presidential candidate for the 2015 election - Feb 7, 12:06pm

  • China’s urban balancing act

    Social welfare and land ownership must be reformed if China’ is to make the large-scale urbanisation that drives its economy more permanent - Feb 7, 10:01am

  • US complains over India solar trade

    The US has raised a case with the World Trade Organisation over Delhi’s insistence that developers of solar projects must use items made in India - Feb 6, 07:04pm

  • Egypt’s foreign currency reserves shrivel

    Economy under further pressure as reserves drop 10% to $13.6bn at the end of January, below the critical threshold of three months’ import cover - Feb 6, 05:29pm

  • China shifts focus back to inflation

    The central bank’s renewed emphasis on price increases affirms investors’ belief that the second-biggest economy is recovering from its downturn - Feb 6, 04:59pm

  • Beirut set to move on gas contracts

    Analysts warn complex, politically sensitive decisions lie ahead as long-awaited prequalification process is expected to start this month - Feb 6, 04:29pm

  • Kuwait considers bailout for consumer debt

    Central bank and ministers oppose a proposal from a parliamentary committee to scrap interest payments on bank loans taken out between 2002 and 2008 - Feb 6, 04:23pm

  • India boosts reform with NTPC share sale

    Congress-led coalition government of Manmohan Singh is selling state-owned assets in a bid to cut the country’s budget deficit - Feb 6, 03:49pm

  • Senkaku row raises militarisation fears

    The latest flare-up of tension between China and Japan over the Senkaku islands has brought the dispute to a point that could spark open hostilities - Feb 6, 12:51pm

  • Singapore banks: Asean bets

    Investors looking to gain exposure to southeast Asia can still rely on city state’s banks, but heavyweights face tougher competition from the locals - Feb 6, 11:36am

Blog

Filter by specific countries or regions

Taiwan’s financial services industry enjoyed a landmark moment this week when cross-border renminbi trade settlement services were officially launched in the island state. The prize: the chance to create an offshore RMB market in Taiwan to mirror that of Hong Kong. Continue reading »

At first glance, China’s trade figures for January are stellar: exports up 25 per cent year on year, imports up 28.8 per cent.

But as ever at this time of year, the great migration of the Chinese New Year holiday makes reading the data a nightmare. Continue reading »

Friday’s picks from the beyondbrics team: equity investors scramble for Africa, while Africa’s rich start giving; China’s urbanisation is built on shaky foundations; Tunisia reels from opposition leader’s assassination; Peugeot accelerates into Brazil; plus, learning from Asia on job creation. Continue reading »

Need a safety net?

The IPO of Sai Silks (Kalamandir), the Indian clothing retailer, launches on Monday. And the company is laying down a safety net for potential investors – a controversial measure that the Securities and Exchange Board of India (Sebi) is considering making mandatory. Continue reading »

By Dominic Scriven of Dragon Capital

It has been a hard time for investors in Vietnam in recent years. Sky high inflation, lax lending to unproductive sectors – especially state-owned enterprises, a depreciating currency and high levels of non-performing loans have caused foreign investors to think twice about buying into the country.

However, on Sunday the Lunar New Year will be ushered in with spectacular fireworks, wonderful flower markets, family banquets and colourful celebrations. The coming Year of the Snake, the 6th animal in the Chinese zodiac, is commonly associated with focus and discipline. Both will be needed if the government intends to carry on its promise of economic reform. Continue reading »

Every year, China stages the largest human migration on earth as up to 1bn people go home to their roots. The FT’s Patti Waldmeir reports on the phenomenal combined buying power of China’s 260m migrant workers and looks at the type of gifts they are buying this year.

Money flowing into Africa-dedicated equity funds in the final month of last year reached $878.4m, the biggest monthly inflow in just over two years and four times the amount in the previous month, according to data provider EPFR, write Alexandra Stevenson and Andrew Bowman. Continue reading »

* China denies targeting Japanese ship

* Global inflows to Africa at two-year peak

* China trade growth hints at strong 2013 Continue reading »

China gets a bad rap for lacking creativity. The conventional wisdom, especially among frustrated multinational personnel managers, is that it’s hard to find recruits in China who can “think outside the box” (though those who complain about that defect always use exactly the same phrase about the box, raising questions about their own ability to complain creatively).

But if they scan Chinese newspapers at this time of year – the run-up to Lunar New Year, which triggers the earth’s biggest human migration – they can find plenty of stories of Chinese exercising their ingenuity on the problem of how to get home to mama’s for the holidays. Continue reading »

Colombia’s “locomotive”, as the government likes to call its ambitious mining and energy plans, appears to be getting a cog in the wheel.

On Thursday, labourers in the Andean country’s largest coal exporting mine, Cerrejón – a joint venture between BHP Billiton, Anglo American and Xstrata – went on strike over wages and benefits. Continue reading »

According to its vice-president of finance, Fernando González, “2012 was a year of recovery for Cemex”.

It was, but the recovery still faces a long slog, judging by the fourth quarter results reported on Thursday by the Mexican cement and building materials giant. Continue reading »

It is the ultimate in risk versus return. Hunters of investment exotica are heading to Africa, where some of the world’s riskiest markets are enjoying big gains.

After trailing behind more mainstream markets for the better part of a decade, so-called frontier markets as defined by index provider MSCI have climbed more than 8 per cent already this year – outpacing both emerging and developed stock markets. Continue reading »

For some months now Cognizant Technology Solutions, the US company which operates mostly in India, has been providing stiff competition for the big names in Hindustani IT services.

But following a string of unexpectedly good earnings reports from the likes of Infosys and Wipro, Cognizant published its figures on Thursday. And this time, it’s not so far ahead. Continue reading »

Californian oil major Chevron has given the go-ahead to a $5.6bn development project of an Angolan offshore oil field which will be the company’s second largest investment in African crude to date after its Agbami field in Nigeria.

The Mafumeira Sul project, run through Chevron’s subsidiary Cabinda Gulf Oil Company, is scheduled to begin production in 2015, and will eventually pump 110,000 barrels of crude oil per day from five new platforms, Chevron said. Continue reading »

The shale revolution has been bad for Gazprom but good for another Russian oil and gas company. TMK has grown into one of the world’s top three steel pipe suppliers as oil majors drill deep into the earth’s crust for non-conventional energy supplies.

Controlled by Russian billionaire Dmitry Pumpansky (pictured), TMK produces about 4m tonnes a year of steel pipe at plants in Russia , North America, Europe and the Middle East. Continue reading »

Global equities macromap

Number of the day

5% India's GDP estimate for 2012-13 well below the double-digit ambitions of before.

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