MOSCOW— The head of the International Monetary Fund warned Ukraine on Wednesday that the organization would be unable to keep supporting the country financially if it doesn't step up its reform efforts. Ukraine relies on funding from the IMF and international donors as it battles deep economic problems, in large part resulting from the conflict in the...» Read More
As the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Medvedev outline his vision for attracting foreign investment into the resource-rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership will finally deliver on its promises to create a more business friendly environment.
Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.
Indonesia’s low debt levels and strong growth potential has made the country a choice destination for investors, prompting financial firms like Deutsche Bank to compare the economy to Brazil’s in the 1990s.
Dominique Strauss-Kahn, the French erstwhile managing director of the International Monetary Fund, had not even resigned before Europeans started to coalesce around Christine Lagarde, the French finance minister, as his successor. Gone are past promises of an open selection. The Europeans insist on the principle that what we have we hold. The ancien régime survives.
With little to excite buyers, the Fast pros are starting to worry about a different dynamic dominating the market.
Following huge losses for the Russian market in 2008, investors have eyed stocks in Moscow skeptically and refused to give them the same rating as those in other BRIC members, Brazil, India and China according to Roland Nash, the chief investment strategist at Verno Capital.
The market hasn't realized the significance for the dollar of last week's meeting of Brazil, Russia, India, China and South Africa, this analyst says.
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Brazil's "economic miracle" is alive and well despite growing concern that the Latin American powerhouse is in danger of overheating, the managing partner of Brazilian investment bank BTG Pactual said Monday.
India and Russia are accustomed to being bracketed together as two of the world’s most promising high growth markets. But is there more to it than just being adjacent initials in the fabled BRICs acronym? Foreign investors are not alone in worrying this might be the case. The Financial Times reports.
Analysts are warning that the decision of the BRIC nations not to support the no-fly zone in Libya is an indication that in years to come Gaddafi-like dictators will find it easier to wage war on their people without external intervention.
The US vice-president has warned Russia it risks scaring away investors unless it moves to strengthen the rule of law and introduce political reforms.
Government policymakers in Davos this week looking to revive growth might want to emulate global mutual-fund managers, who are having no trouble finding growth stories across the developing world and in pockets of developed markets.
"For us to expect the kind of clarity of purpose and consistency that you'd get from the US on something like this, you’re not going to get it," Jim O'Neill, Chairman of Goldman Sachs Asset Management, told CNBC.
Despite criticism that it grows by keeping its currency weak to boost exports, China is actually increasing its domestic consumption very fast, Jim O'Neill, Goldman Sachs Asset Management chairman, told CNBC.
Emerging equity markets were amongst the top performers in 2010 and Mark Mobius, executive chairman at Templeton Emerging Markets Group, expects the trend to continue this year. The global investor remains heavily exposed to the sector.
A trade war over the weak dollar, a building boom for nuclear-power plants and major state and municpal debt defaults.
The man who coined the term BRIC told CNBC Thursday that investing in China remains a solid bet, particularly if the Asian nation takes definitive steps to spur consumer spending.
The suggestion, which experts say will be strongly opposed by the US, addresses a politically highly symbolic dispute about voting power and seats on the fund’s executive board. The FT reports.