Jolly Ranchers are heading to India, the first international market for the hard candy outside of North America in its 65- year history. Hershey India Private Ltd., a subsidiary of The Hershey Co., said Thursday that the expansion underscores the significance of a growing confectionery market in India, a nation of more than 1.2 billion people.» Read More
Henri de Castries, CEO of AXA, says establishing business in new emerging markets is important for the company to grow over the next few years.
Indians are frustrated by the slow pace of government reforms to reignite the country's growth, said the head of Hero MotoCorp.
MOSCOW, Dec 3- Russia said on Tuesday that its oil- and gas-dependent economy will stagnate over the next two years, increasing the pressure on President Vladimir Putin to fulfil pledges to expand and diversify Russian industry.
Benoit Anne, head of EM strategy at Société Générale, says there are some positive emerging market stories but there are also countries facing challenges.
SEOUL, Dec 3- Hyundai Motor Co shares tumbled on Tuesday as the South Korean automaker's November sales came under pressure from Japanese rivals in China and the weaker yen, analysts said.
Massive protests against Viktor Yanukovich hammered Ukraine's financial markets on Monday, increasing the risk of a currency crisis.
Maarten-Jan Bakkum, global emerging markets strategist at ING Investment Management, discusses the impact tapering by the Federal Reserve and a fall in oil prices would have on emerging markets.
LONDON, Dec 2- As a decade's worth of easy foreign money starts to ebb away from emerging economies, their governments are renewing efforts to deepen domestic savings pools- even if change is painfully slow.
MSCI indexes for Japan, Germany, France and Spain, for instance, trade at 14 times earnings, compared with 15 for the Standard& Poor's 500; Britain is cheaper, at 13 times earnings, and MSCI's broad-based index of emerging markets is cheaper still, with a price-earnings ratio of 11..
Michael Kurtz, Global Head of Equity Strategy at Nomura, says markets have been preparing themselves for a Fed taper and lists his reasons for declaring an end to the global financial crisis.
Growth of sales to China, the United States and the European Union all slowed whereas exports to Southeast Asia's 10- nation ASEAN bloc posted the worst decline since the 2008-2009 global financial crisis, the data showed.
Veteran investor Mark Mobius said he would consider investing in Greece since its downgrade to emerging market status.
ZURICH/ DUBAI, Nov 28- Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some emerging market countries to reduce overlap with other departments, three sources familiar with the plan said.
Antonin Jullier, global of equity trading strategy at Citi, forecasts less upside for equities in the U.S. in 2014 than in Europe or emerging markets, as it has already "rallied so much."
Guillermo Felices, head of European asset allocation at Barclays, explains why investors' bullishness towards equities is very strong at the moment.
ZURICH/ DUBAI, Nov 28- Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some key emerging market countries to reduce overlaps with other departments, three sources familiar with the plan said.
Jens Nordvig, Global Head of Currency Strategy at Nomura expects the BOJ to get more aggressive next year and says USD/JPY could hit 107 by mid-2014.
*Morocco relegated to frontier market stocks index. Morocco, which has avoided the worst of its neighbours' turmoil, became the latest casualty on Wednesday when it was relegated in the leading MSCI indices from the league of established emerging markets to the "frontier" division of economies with less developed capital markets.
*Major German parties reach deal to form coalition government. *Markets wary over rising tension in East China Sea. NEW YORK, Nov 27- Agreement to form a German coalition government boosted the euro to a four-year high against the yen on Wednesday and helped buoy stocks around the world, already well bid on signs of more central bank liquidity.
BRASILIA, Nov 27- Brazil is widely expected to raise interest rates for the sixth consecutive time on Wednesday, taking borrowing costs back to double digits as policymakers race to contain naggingly high inflation in Latin America's largest economy.