EMerging Equity
Finance
BRICS Bank: What Is ‘New’ About The New Development Bank?
By Leslie Maasdorp Last month marked the official launch of the New Development Bank (NDB) in Shanghai. After the short-lived fanfare and excitement, the real work is now well under way to build, from humble beginnings, a new global development finance institution. The historical context that gave rise to the BRICS (Brazil, Russia, India, China and … Continue reading
The Emerging Market Rout: How Much Further Can EM Currencies Weaken?
By Andrés Velasco With the currencies of Malaysia, Indonesia, South Africa, Turkey, Brazil, Colombia, Chile, and Mexico hitting record lows recently, currency traders around the world are asking: How much further can emerging-market currencies weaken? The standard approach to answering this question takes a relatively normal base year and measures how much a country’s currency … Continue reading
Central Banks Have Become A Corrupting Force – OpEd
By Dr. Paul Craig Roberts and Dave Kranzler Are we witnessing the corruption of central banks? Are we observing the money-creating powers of central banks being used to drive up prices in the stock market for the benefit of the mega-rich? These questions came to mind when we learned that the central bank of Switzerland, the Swiss … Continue reading
Emerging Market Rout Deepens With No End In Sight
A rout in emerging market (EM) stocks and currencies has deepened amid a series of devaluation events, oil prices at a six-year low and continuing to plunge amid a global glut, concerns about the U.S. Fed hiking interest rates, and growth concerns in China. Indeed, last week was a rough week for emerging markets: EM currencies … Continue reading
6 Alternatives To The Emerging Markets Definition
By James Kynge Emerging markets is one of the most powerful terms in the world. Companies plan global expansion strategies with reference to it, multilateral organisations use it to analyse key economic and social trends and some $10.3tn is invested in EM stock and bond markets by international funds via an alphabet soup of EM indices. … Continue reading
The Biggest Losers In The Emerging Markets Following China’s Yuan Devaluation
Following a week after China’s first major currency devaluation in over two decades, which rattled global markets throughout the week, as emerging market currencies where hit the hardest, and thus drove currencies in Colombia and Turkey to new record lows. Let us take a look at the biggest losers in the emerging markets from the ordeal: Malaysia’s ringgit and Indonesia’s … Continue reading
Which Countries Are Most Exposed To China’s Currency Devaluation?
By Alex Christensen China’s decision to let the yuan depreciate last week came for a number of reasons, including being a needed boost for Chinese export industries. But there are two sides to every currency swing, as the following countries are quickly learning. Did China devalue its currency or liberalize its currency market when it suddenly … Continue reading
Keeping The Market Bubble-Boom Going
By Thorsten Polleit The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away the punch bowl on which all the … Continue reading
Mohamed El-Erian: Oil’s New Normal
By Mohamed A. El-Erian Oil prices have been heading south again, with a barrel of US crude recently falling below $42 – the lowest level since March 2009, the nadir of the global financial crisis. And, while last year’s sharp price drop was heavily influenced by two large supply shocks, the current decline also has an … Continue reading
A Look At The World’s Riskiest Sovereign Debt
Here is a look at the world’s riskiest sovereign debt in a map courtesy of Bank of America Merrill Lynch (BoA-ML) in a publication titled “Transforming World Atlas“. The map by BoA-ML uses the prices of Credit-Default Swaps (CDS), which financial contracts which measure the risk of default on sovereign debt; the higher the spread, the greater the risk of … Continue reading
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