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BRIC : Economy


Chinese Economy, warning signals ?

Comments0 CommentsPosted: Friday 23/10/2009 06:38 by: Petro Medved

While the Chinese economy expanded 8.9% in Q3, propped up by easy credit & continued government spending programmes, Europe, US & Japan continue to flounder. The world's 3rd largest economy has recorded 7.7% overall growth in the first 9 months of 2009, with officials saying they are confident that the much talked about annual growth target of 8% will be acheived.

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Moody's upgrade could see increased international trading of Brazilian finance stocks

Comments0 CommentsPosted: Tuesday 22/09/2009 08:06 by: Staff Writer

If Brazil's sovereign rating gets its upgrade to investment grade from Moody's there could be a push towards more foreign trading of the country's bank stocks, as well as a spark for a secondary market, Moody's VP and senior analyst on Brazilian banks Ceres Lisboa told BNamericas.

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Another First Step for China: Foreign Listings

Comments0 CommentsPosted: Thursday 17/09/2009 08:26 by: Trader Mark

A lot of "first steps" coming out of China of late - yet another interesting one just announced. With the high savings rate and wealth of the Chinese people (along with the indexes surging each time China turns on the loan spigots), I'd expect multinationals to leap at this opportunity to tap a new avenue of capital.Now the ultimate step will be when China allows its multiple markets to be fully open to foreign investors and allows shorting within its market. Then perhaps the great discrepancy between company values in the Chinese indexes versus Hong Kong would go away and their markets would take on more of a rational sensibility. [Oct 13, 2007: Shanghai the Mystical Land of Premium Valuations]Baby steps for a growing giant... via Financial Times

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Indian Reserve Bank will tighten monetary policy to combat inflation fears

Comments0 CommentsPosted: Tuesday 15/09/2009 14:44 by: Staff Writer

The Reserve Bank of India is likely to start monetary tightening in the first half of 2010. A deficient monsoon season has hurt the agricultural sector and complicated India’s recovery path. The government will gradually restore fiscal discipline and allow market forces to play a larger role in economic development. As growth regains momentum, the new concern is inflation. 

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US tyre duties abuse of WTO safeguard

Comments0 CommentsPosted: Tuesday 15/09/2009 05:57 by: Staff Writer

A U.S. decision to impose added duty on Chinese-made tyres is an abuse of World Trade Organisation safeguardmeasures, the Chinese commerce ministry said on Tuesday. 

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Heads Operators win, Tails I loose… Update for 28 Aug 09…

Comments0 CommentsPosted: Friday 28/08/2009 02:05 by: S S Cheema

I would like to first get up and salute the perfect manner in which the closing of the markets was planned out that we hit the nail on the head.  It is phenomenal to see the markets singing to the tune of whomsoever the operators are. The markets were supposed to be range bound – basically due to the open interest that was there at the levels of 4600 and 4700. 

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Beating a Dead Horse

Comments0 CommentsPosted: Thursday 27/08/2009 09:22 by: Contrarian Edge

I know, I may sound like I’m beating a dead horse how much printer cartridge can one spill over China?  – but I have a very high burden of proof to overcome. 

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The Conclusion: Beating a Dead Horse (to Death)

Comments0 CommentsPosted: Thursday 27/08/2009 09:09 by: Contrarian Edge

My recent “Beating the Dead Horse” article ended with a very insightful conclusion “Need I say more?”.  I received a dozen emails that said – you DO need to say more.  So here I am saying more:

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NSE India market update for 24 Aug 09...

Comments0 CommentsPosted: Monday 24/08/2009 03:23 by: S S Cheema

You want me to place my bets in this upmove? See the FII/DII data – the purchasing by the FIIs does not at the moment show too much of enthusiasm. The markets are perhaps  being forced to be kept range bound – and that may remains so till the expiry. On Friday the markets moved up with a sudden drop in open interest in 4500 Calls. Now the range may be dictated by a different level in Nifty but all the same the range is likely to remain till such manipulations disappear. The second factor working in favour of the markets at the moment (negate the China factor) is the fact the globally there is a talk of being high and dry out of recession. The results coming out an the various forecasts may be pointing towards that. Finally all the world markets are waiting for me to become bullish – it is only then the bears will get a signal to strike. It will be when you me and the tom around the corner  is convinced that we are out of the woods and when we reach the other bank – we will stare with complete disbelief and the markets will fall. That they are not falling means that everyone is still not board the bull bus.

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Emerging markets to lead global recovery

Comments0 CommentsPosted: Wednesday 08/07/2009 10:29 by: Paul H

Bank of America Securities -Merrill Lynch (NYSE:BAC) has hiked up its global economic growth forecasts for 2010 on the back of signs of recovery in the United States and China.

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BRIC & Emerging Markets review

Comments0 CommentsPosted: Thursday 25/06/2009 09:51 by: Paul H

Since the beginning of March we see the growing stock markets rally and investors have been again focused on emerging markets. The growth in emerging stock markets have beaten developed markets. Strengthening of more than 50% is much more than in the rest of the world.

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Credit Suisse Raises Emerging Asia Growth Expectation

Comments0 CommentsPosted: Thursday 25/06/2009 09:37 by: Paul H

Credit Suisse (NYSE : CS) economists expect the growth outlook of most emerging Asia countries to improve in the second half of 2009 as the global economy slowly moves into a healing phase. In a recently published Emerging Markets Quarterly Q3 2009 report, Credit Suisse revised up its 2009 GDP growth forecasts for the region to 4.7% from 4.4% for 2009, and to 7.3% from 6.7% for 2010 .

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'BRIC' countries are trading more and relying less on West

Comments0 CommentsPosted: Monday 15/06/2009 15:09 by: Paul H

Just when you thought decoupling — one of the hottest economic theories in recent years — was dead and buried, it resurrects itself in a new, and even more controversial, form.

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More pain for US dollar as China & Brazil go bilateral

Comments0 CommentsPosted: Friday 22/05/2009 22:35 by: Paul H

Much was recently made of China’s physical gold stock revelation & rightly so. On a number of boards & blogs, I have stated my view that China is trying desperately to move away from USD denominated debt & will look at a multitude of ways of doing this.

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Russian & Chinese MNCs will see inevitable adjustments in overseas expansion

Comments0 CommentsPosted: Friday 22/05/2009 15:44 by: Paul H

SKOLKOVO Institute for Emerging Market Studies releases an analytical survey “Global Expansion of Emerging Multinationals: Post-Crisis Adjustment”. The survey reviews the activities of the active participants of this process – Russian and Chinese multinational companies (MNCs) – and analyses the impact of the economic slowdown on expansion, performance and role of these companies under the new conditions.

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