SOCHI, Russia, Sept 19- Prime Minister Dmitry Medvedev said on Friday that Russia would not isolate its sanctions-hit economy from the West but said improving relations with Asian countries has become a key strategy.» Read More
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.
With so much confusion out there, it is extremely difficult to pick a winner in the short term but one fund manager believes big cap stocks will do well as their staff struggle.
I am feeling a bit gloomy. I started this sovereign debt crisis looking on the bright side but now I have been got at. So many of our guests at CNBC are downbeat right now, that the downdraft has been hard to dodge.
Despite a stunning surge of nearly 50 percent that otherwise might indicate a looming pullback, investors remain mostly bullish on emerging markets.
The U.S. dollar has no concerns right now, said Ron Shah of Jina Ventures. The main concern for the U.S. needs to be bilateral trade agreements between the BRIC (Brazil, Russia, India, China) countries.
The leaders of the BRIC nations (Brazil, Russia, India and China) are meeting today in Russia to discuss everything from the financial crisis to the U.S. dollar. Wendy Trevisani, co-portfolio manager of Thornburg Investment Management, discuss the importance of the BRICs and the best places to invest.
Russia proposed a new world reserve currency that would be issued by international financial institutions to reduce reliance on the U.S. dollar. However, Liam Halligan, chief economist at Prosperity Capital Management said the west does not need to be scared, but should learn to “cohabitate” and share the prosperity around the globe.
The members of the G20 are likely to call for at least a doubling of the International Monetary Fund's budget, if not more, UK Chancellor of the Exchequer Alistair Darling told CNBC Thursday.
Brazil's president blamed "white people with blue eyes" for the world economic crisis and said developing countries shouldn't pay for it.