By Alexander Winning and Yelena Orekhova. MOSCOW, Oct 30- The rouble jumped over 3 percent on Thursday, bouncing off an all-time low against the dollar amid market talk of possible heavy central bank intervention ahead of a monetary policy meeting and rumors of a deal with Ukraine over Crimea. Traders in Moscow and London said the rouble's recovery was driven by a...» Read More
India's economy probably expanded near its slowest pace in three years in the quarter to September, according to a Reuters poll.
Among active stocks, construction equipment maker Komatsu rallied 3.2 per cent to Y1, 672 on receding concerns over its outlook following second-quarter results. Hitachi jumped 3.2 per cent to Y423 after maintaining its full-year profit forecast.
New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.
Despite huge efforts to keep the euro zone afloat, business leaders now believe that some of the region’s most troubled countries are riskier places to invest than war-torn nations in the Middle East or North Africa.
Tony Volpon, Strategist for Latin America, Nomura says that Brazil will need to cut interest rates this week.
Mykolas Rambus, Chief Executive Officer, Wealth-X says that some high-end brands are growing faster in Brazil than in China. He sheds more light on this.
There's a growing backlash against the BRIC countries — an acronym created by Jim O'Neill of Goldman Sachs for Brazil, Russia, India and China, as the four biggest emerging markets have underperformed their peers.
The country’s economy continues to grow even in the face of a global economic slowdown, the country’s president, Susilo Bambang Yudhoyono, told CNBC’s “Closing Bell” on Monday.
James Ross, senior portfolio manager at Alliance Bernstein, tells CNBC, "The long-term bull story for emerging markets is definitely there because the growth rates are going to be twice the growth rates for developed markets."
Brazil, Russia, India and China – together termed BRICs have been an investment disaster and were a marketing-led concept , according to John-Paul Smith, emerging markets equity strategist at Deutsche Bank.
Not only has Brazil been growing at an average rate of 5% while the US economy flat lines, but Brazil seems to have much more scope for growth in the future.
Sound corporate earnings, cheap valuations and Russia’s entry into the World Trade Organization make the country's equity market stand out among its emerging-market peers, fund mangers say. Russian stocks, for example, are the cheapest among the equity markets of the BRIC countries – Brazil, Russia, India and China.
Russia has yielded many leading industrial companies that rank among global leaders in mining, metallurgy, petrochemicals and telecommunications. Despite the rapid development of the regional economy and the strides made over the past 20 years, WTO membership promises to be an important catalyst for growth in the Russian market.
There are plenty of investors and analysts who are optimistic. After three straight months of outflows, emerging market equity funds tracked by EPFR Global attracted more than $700m of investments in the first two weeks of July, reports the Financail Times.
Chairman, Goldman Sachs Asset Management
With ample oil and gas, Russia has the foundation to fuel its economic growth, while China and India are already suffering from power shortages. Brazil has a chance to excel but it is too soon to tell.
The unresolved euro zone crisis, slowing growth prospects and currency depreciations have created a risk-off environment that makes investors think twice about emerging markets, Pablo Goldberg, Global Head of Emerging Markets Research at HSBC told CNBC’s “Squawk Box Europe”.
Paul Gruenwald, Chief Economist, Asia Pacific, ANZ expects China's interest rate cuts to feed through and keep economic growth above 8% for the rest of the year.
Russia is setting aside up to $40 billion for this year and next to shore up the economy in case the crisis in the euro zone escalates and spreads, and is dusting off a plan that would allow the government to recapitalize the country’s banking system.
The worsening outlook for the BRIC nations – Brazil, Russia, India and China – has put into question whether these leading emerging economies can continue to power global growth.