Emerging Markets

He said mergers and acquisitions would be a quick route to acquiring banking licences in some emerging markets.

Selling the dollar, buying emerging markets, or betting against subprime were all simple strategies that worked throughout the year.

Mr Redeker said the recent economic and financial rebound had been centred on emerging markets and commodity-producing economies.

Besides, the rate gap between emerging markets and America's Federal Reserve is already wider now than it was a year or two ago.

But Yoplait's owners are understood to prefer an international company which would be able to help the brand develop in emerging markets.

This raises the question of whether the current emerging markets M&A boom is sustainable in the long term.

Bond markets have been a vital source of finance in the west for some time, and that is now catching on in emerging markets as well.

That was the largest divergence between the U. S. and the big emerging markets since the comparisons were first published in 2003.

These developments are especially apparent in emerging markets, where we're seeing signs that an entrepreneurial economy is ready to bloom.

Emerging markets did not cause the current financial crisis and yet few asset classes have been hit harder by it.

Mr Shen later said the QIA was more focused on emerging markets, particularly in Asia, and was diversifying away from the US as a result.

World Bank research shows that the marginal productivity of infrastructure in most emerging markets exceeds that of other physical capital.

This UK organisation matches people in large companies with projects in emerging markets, at a price similar to that of Leaders' Quest.

The rapid recovery in emerging markets, now a year old, is beginning to create a threat of inflation from China to Argentina.

The overall picture for the global economy is healthy as the slow down in the US has been offset by strength in Europe and emerging markets.

However, in line with the results using the Consensus forecasts, the trade channel does not seem to be important for emerging markets.

The Beijing visit comes near the end of a tour aimed at rallying support from emerging markets for her candidacy.

But many emerging markets have had a good crisis, or at least a better one than their industrialised peers.

We all need to understand emerging markets, as it is in an emerging market crisis that you actually learn what matters.

As for next year's trend of exports, not to be grim To open up emerging markets may be ripe to make up for shrinking market impact.

Emerging markets used to be known as the markets you couldn't emerge from in an emergency.

S. , he said. The work skills in emerging markets have also improved, as those university systems mature , he said.

Maybe this is what HSBC's own chief executive meant when he said earlier this month that emerging markets were in for a bumpy ride.

Does this mean central banks in emerging markets are finally trying to reverse the sharp plunge in their currencies over the past month?

How much more "emerging" have the emerging markets left to do?

And an interesting survey puts it as the fourth most likely place for investment over the next several years among emerging markets.

In emerging markets especially, liquidity tends to be lower and volatility can soar in times of stress.

Given that many investors have looked at emerging markets as their most likely target for returns, this reflects something of a setback.

So far, Europe and emerging markets seem to have copped it the hardest.

If emerging markets are such a safe haven, why do investors seem to be panicking?

But, as in other emerging markets, many owners rarely get behind the wheel and prefer to leave the driving to a chauffeur.

'Emerging markets are less liquid and what you tend to see is the most liquid assets get sold first, ' he said.

There is, at least, more solidity to emerging markets than there was to dotcom stocks.

"The emerging markets may help boost growth, but otherwise it is difficult to see where the growth will come from over the next few years. "

Moreover, the largest emerging markets are beginning to see hints of recovery.

Emerging markets should matter a great deal for all investors, now and for the rest of our investing lives.

U. S. companies don't make - at least not in the U. S. - many of the goods that emerging markets are increasingly demanding.

Indeed, for a while it seemed as if emerging markets had decoupled.

We have been a leader in expanding an open trading system. That has underwritten the growth of other developed and emerging markets alike.

It seems to threaten everything from emerging markets to the pretty earnings narrative of the market as a whole.

In the four big emerging markets--China, India, Russia, Brazil--people have no doubt that tomorrow is going to be better.

Like the U. S. , emerging markets in Eastern Europe were able to fund large current-account deficits in the recent era of cheap financing.

'The more you allocate to emerging markets, the higher your expected return--and the higher the volatility of your portfolio, ' he said.

First, unlike the handful of emerging markets that have recently had problems on the currency front, the HKSARG has no external debt at all.

He said emerging markets had so far withstood the challenge well, but: "It is far too optimistic to assume there will be no impact. "

A growth lull may be just what most emerging markets need, but it is the last thing that any advanced economy wants at the moment.

Still, it's up to Ms. Lagarde to convince emerging markets that it's their interest and responsibility to help Europe in some fashion.

Apart from emerging markets investors, distribution and marketing professionals are most likely to see rewards for performance.

The occasion was the launch of a report prepared by the Centennial Group for this year's Emerging Markets Forum.

Analysts said that Mr Olivier's appointment was a sign of the seriousness with which Peugeot was taking emerging markets.

As private capital dries up, therefore, emerging markets may have to turn elsewhere: the fund is an obvious, if usually unpalatable, choice.

Should it matter that Goldman Sachs is playing around once more with its terminology for emerging markets?

Investors just have to be comfortable with a greater emerging markets exposure, which of course could add some volatility to the fund.

Nigel Rendell, senior strategist at RBC Capital Markets, added: "Greece is now trading like the weakest emerging markets. "

Another option would be for emerging markets themselves to pool reserves. The politics of that would be messy at best.

There was a stumble in emerging markets this summer when America's subprime crisis began to unfold.

However, he said that western truckmakers should not underestimate the fierce competition they face in emerging markets.

With 150 years in the emerging markets the Bank has unmatched knowledge and understanding of its customers in its markets.

Mr Buckley said the growth of the US economy would be led by emerging markets.

'The economic environment continued to negatively impact mobile-phone sales in both mature and emerging markets, ' Ms. Milanesi said.

"Expect to see these trends reflected in the new issue markets. Emerging markets look likely to generate substantial new issue volumes. "

As a result, emerging markets private equity activity tends to be limited to equity stakes, with maybe some mezzanine debt on top.

Demand for low-end cellphones has surged across emerging markets since the economic crisis began to ease.

Coming back to the beginning of the article, emerging markets (like China), are going through an adjustment period.

With a crowded, largely one-sided trade like this, any wrench in the rationale to invest in emerging markets could this trade fast.

Add it up and many consumers in emerging markets are just as unhappy and upset as their American counterparts.

Some of these countries could get in trouble and there could be contagious effects to other financial markets in other emerging markets .

Not in terms of sector, but in terms of nationality: are Europeans better than Americans in emerging markets?

Geographical diversity is also likely to help, even if Aviva does not share the fixation on emerging markets of many of its peers.

"The crisis is not over yet, " he said, adding that growth would predominantly come from emerging markets.

Ghosn sat down with Fast Company to talk about the Leaf, the imperative to embrace change, and the hope of emerging markets.

And for the record, emerging markets as a whole held up better than developed markets in last week's plunge.

Mr Bonderman emphasised the extent to which any investor was at the mercy of governments in many emerging markets.

Emerging markets like Brazil and India are not large enough to make up for the problems in old-world economies.

For the short term, look to dividends as a safe spot to park your money, but be ready to move into emerging markets when the time is right.

Like it or not, we are all hooked on the attractive prices of these imports, driven in part by the phenomenon of emerging markets.

But China and other emerging markets like Mexico and Brazil have offered Wal-Mart growth that it isn't seeing back in the U. S. market.

As the cost of a simple mobile phone has fallen below $20 in most of the world, mobile banking is becoming affordable in emerging markets.

OverviewPension funds and insurance companies usually farm out funds to asset managers specializing in emerging markets or to mutual funds.

The second quarter of this year was the best on record for world stocks and by a wide margin for emerging markets.

"Japan can be a positive force in pushing through technological upgrades in some of these emerging markets, " Wong said.

Welch has reshaped the company through more than 600 acquisitions and a forceful push abroad into newly emerging markets.

Welch ha reshaped the company through more than 600 acquisitions and a forceful push abroad into newly emerging markets.

Other parts of the world are likely to be growing from the emerging markets to, in a modest way, Japan.

In emerging markets equity flows have always been important to currency rates due to the relatively small size of the capital markets.

If domestic banks run out of money, emerging markets long ago discovered the cure: swallow your pride and accept foreign money instead.

"Why go into emerging markets if it's up 70 percent year over year? " he said.

The firm reiterated on October 7th that it had no plans to sell its operations in emerging markets.

IBM is also trying to attract new customers, particularly in fast-growing emerging markets.

The economic fall-out of the financial crisis caused global havoc but emerging markets were first in and first out.

"It was almost like a natural continuation of my interest in emerging markets, " he says.

It takes exporters an average of more than 15 days to get their goods through customs - double that of other main emerging markets.

So far, the IMF said, the crisis hasn't widely affected emerging markets.

The lure of a growing middle class in emerging markets, particularly amid slower consumer spending in the U. S. , has been hard to ignore.

For years, China was the undisputed favorite child of the emerging markets private equity world with India following close on its heels.

It used to be that investors in emerging-markets shares demanded deep discounts to offset political and institutional risk.

The traditional response to this disparity is to say that emerging markets come with bigger risks.

The result could have broad implications for the flow of money into emerging markets and the returns on current holdings.

Banks that have a strong presence in emerging markets will be in better shape than those that do not.

Like teenagers, emerging markets have had an awkward relationship with mature economies.

Bubbles came and went in currency, tech stocks, and emerging markets, but they were seen as temporary and relatively harmless.

He said there were now more interesting opportunities in emerging markets, particularly in Asia, than in Europe or the US.

In the darkest days of the crisis, emerging markets hit a bottom, and started to rally months before any other risky asset class.

Since the Asian currency crisis of 1997-99, the middle classes in emerging markets have known nothing but success.

Finally, in a very rapid fire presentation, Meeker said that emerging markets are "pacing the next wave of technology adoption" .

Bringing the big emerging markets into global decision-making is a fine idea in principle.

Advisers said they did not see a tailing off in underlying interest in the emerging markets.

Second, the news is slapping investors out of their silly belief that emerging markets deserve risk premiums barely above developed ones.

Stocks of developed countries like the U. S. can appear meager in comparison to those in emerging markets.

Now he's trying to do away with the term "emerging markets. "

Emerging-markets currencies like the Brazilian real and Russian ruble are hobbled by concerns about inflation and political stability.

Microfinanciers, some of whom were hard hit by the financial crisis, are bouncing back to help small businesses in emerging markets.

Early emerging markets investors can testify that the money trade only works its magic if governed by institutions that are trustworthy.

As C. K. Prahalad explains in The Fortune at the Bottom of the Pyramid, addressing emerging markets is good business.

Given the weight of money that has gone into emerging markets, the exodus would not be pretty.

If that pattern is to be repeated, investors should be piling into growth-sensitive sectors like emerging markets and commodities.

Emerging markets cannot expect to be unaffected by this lower growth, particularly those that are dependent on exports or commodity prices.

The MSCI Emerging Markets Index, which had climbed 63% this year in U. S. currency terms as of Thursday, has slid over the past two weeks.

What happens when those cash flows reverse and this hot money starts to flow out of these emerging markets?

"Our main rivals in emerging markets are manufacturers in places like India and China, " he said.

Indeed, there is already talk that emerging markets could be the next bubble to be inflated by loose monetary policies.

Arvind Virmani, India's representative to the IMF, seemed to have given up hope of a challenge to Ms. Lagarde from emerging markets.

Standard Chartered , an emerging-markets lender, announced record profits for the quarter thanks to its wholesale division.

Emerging markets do not, then, seem as resilient to shocks in the developed world as the decoupling theory suggests.

Many have had to cut jobs at home, where demand is weak, and have added them in the emerging markets that are booming.

Nonetheless, India is judged to be weathering the crisis better than many other emerging markets.

He sees emerging markets, international small caps and 'high quality' U. S. stocks gaining nearly 11% a year in real terms.

In many emerging markets, it's as if the downturn never happened.

There are, however, two major factors mitigating against a major retrenchment in emerging markets even given the run-up in prices.

As with other hot emerging markets, India is trying to contain inflation. Brazil recently upped its basic rate to 12. 5%.

However, business in the main emerging markets is fast expanding with fee income rising at about 20 per cent a year.

Many emerging markets, especially those in Asia and Latin America, have much to lose if the crisis over currencies is not solved quickly.

Microsoft attributed some of the decline in Windows revenue to a greater mix of PCs shipped to emerging markets, where prices were lower.

Referring to this cash hoard, the FT's Martin Wolf notes that emerging markets "smoke, but do not inhale" global capital.

From a desk in London or New York, talk of capital flowing into emerging markets can have an abstract feel.

That's the reason that I've urged investors to be very selective when they allocate money to emerging markets now.

Much of that money is directed at other emerging markets and need not flow through London or New York.

But emerging markets could be headed for a more serious downturn no matter how economies fare in developed countries.

Another is the prodding to let exchange rates in emerging markets appreciate, to lower the prices of their imports and thus check inflation.

Only her encouragement of big emerging markets to buy European government debt seems to have a chance of moving forward.

Mr Houchois described Peugeot's plans for a low-cost car as a "delayed response to the Logan" , Renault's entry-level emerging markets car.

Since the start of the year the emerging markets have dramatically outperformed developed markets.

This was also the decade when emerging markets came into their own.

Emerging markets' sharp outperformance versus Wall Street since the subprime- induced slowdown appears to support the assumption.

In a McKinsey survey, a third of executives reported increased profits as a result of investments in empowering women in emerging markets.

But some entrepreneurs relish taking a chance in emerging markets, where the earnings can be golden.

Emerging markets, particularly China, are becoming increasingly important for drug makers, which have to deal with slowing growth at home.

Our man in S? o Paulo sits in the emerging markets team and will suggest the managers to be held by the fund.

Better availability of price information and more demand for wine in emerging markets has created a fine-wine bull market.

'The World Cup has been a booster shot, ' says Clyde Wardle, emerging-markets currency strategist at HSBC Holdings.

Another leg down in the European crisis would likely mean even more market pain in Asia and other emerging markets.

Until demand from emerging markets slackens, or new discoveries are brought on stream, there seem likely to be bouts of upward pressure.

Here is a silver lining: If you are considering adding emerging-markets funds to your portfolio, this might be an opportunity.

The Indian entrepreneur is counting on a strong rebound in emerging markets including China, Brazil and India.

This does not include house prices, which are not part of the basket in almost all emerging markets, but it does include utility bills.

"While we expected emerging markets to rebound, we didn't expect markets like Turkey to recover so quickly, " he said.

In other emerging markets, BP's equity ties have made it easier to resolve some of the inevitable sticking points.

Now to look out for previously neglected emerging markets that are too expensive.

The crisis may have brought forward the possibility of the age of the emerging markets.

Possibly, there could be at least a commitment in principle to some kind of exchange rate stabilization for emerging markets. . .

With the help of still sturdy growth in emerging markets America should be able to reorient itself.

For Asian market watchers, there's been a pretty clear divergence across emerging markets in the past few months.

Even when corporate coffers do result in job growth, most of it is likely to take place overseas, particularly in emerging markets.

Drug companies are facing flat to negative sales trends in the U. S. and Europe , forcing them to look to emerging markets for growth .

Is technology now so powerful that the company can defy the government of one of the world's most-powerful emerging markets?

Underweighting Japan to fund an overweight position in emerging markets has been a popular strategy for several years.

Nor are emerging markets as dependent on aid from the West as they used to be.

'Then they can try to move emerging markets toward (those norms), ' he said, recognizing the process will take some time.

And Wall Street's meltdown raises the same questions as the crises of a decade ago: what will the direct effects on emerging markets be?

In other words, emerging markets can be very, very scary, but the emotional strain is worth it.

Mr Carstens has said he intends to carry "the flag of emerging markets" .

Some western companies are now considering moving more research and development centres out to the emerging markets.

With that source of revenue growth dissipating and other emerging markets set to be mixed, Ericsson must look to the developed world.

McKinsey says the world is at the start of another potentially enormous wave of capital investment, driven by the emerging markets.

"Its just pathetic to call these four emerging markets, " he told the Financial Times.

Until recently big brewers tried to make up for flagging sales in the rich world by pushing into emerging markets.

It was the emerging markets, led by China, that set the pace of the rebound rally after the worst of the crisis.

Inevitably, Wall Street set the tone for the rest of the world, with European, Asian and emerging markets falling heavily in its wake.

This in a time that was supposed to be the year of emerging markets.

For multinationals, these ventures can be a path to accessing the new ideas, customers, suppliers, and talent of emerging markets.

In contrast, the Asian emerging markets generally look the safest, taking all six slots at the bottom of the table.

At the same time women in some of the richer emerging markets seem to be pushing ahead.

Massive amounts of money have flowed into emerging markets, making it look like a runway train.

This is not to say that the risks or challenges of investing in emerging markets have disappeared.

Analyst Lorna Tilbian at Numis in London said she expected Pearson to spend the cash on "emerging markets and digital technologies" .

It is a striking feature of what has happened that emerging markets have emerged as a safe haven as investors run away from US households.

[font=Verdana]Conceived as a low-cost car for emerging markets, the boxy-looking Logan has become one of Renault's most profitable vehicles.

The booms in oil and emerging markets have been very good for prices here for at least a decade.

Output per person in emerging markets is still less than a fifth of the US.

Declarations of the death of the PC are premature, not least because demand from emerging markets is still growing.

It has prompted a significant shift by investors away from potentially overbought emerging markets into developed ones.

And investors today have more reason to be worried about rich countries' fiscal positions than those of emerging markets.

Within five years, analysts expected MAN to be earning almost half its revenues in emerging markets.

Emerging markets are in a very different cycle to the developed world now, with inflationary not deflationary pressures.

Some of that money is expected to find its way to emerging markets, which offer higher yields and prospects for asset-price growth.

In particular, emerging markets could face greater scrutiny from institutions and investors with a renewed awareness of danger.

In emerging markets, the industry should still be able to grow faster than GDP as the use of financial products spreads.

predators will doubtless hope that it decides to sell some of its emerging-markets operations too.

Brazilian stocks have been falling in lock step, and the MSCI Emerging Markets Index is down 2. 3% in two days as of 1: 10 p. m. in London.

Currencies of growing emerging markets, and of strong commodity exporters, are appreciating.

But there is a big difference between this episode of emerging markets euphoria and the last, which ended barely a year ago.

Furthermore, the emerging markets of Brazil, Russia, India and China (BRIC) wish to establish themselves as independent, strong economies.

For starters, America's climb out of recession will be all the more difficult without emerging markets to grab on to.

None of those FTfm spoke to believe emerging markets are a disaster zone.

"Emerging markets around the world are also growing quickly, which would boost their demand for electronic products, " Ms Shih added.

That led to the belief that the US would slow but that the extra liquidity would help emerging markets grow all the faster.

In most emerging markets, such as Egypt, let alone Africa, the ramifications of receiving such a windfall would be enormous.

This tale of two bond auctions is a parable for the contrasting fortunes of near-stagnant rich economies and fast-growing emerging markets.

In contrast, public debt levels are less than one third of GDP in emerging markets and are projected to decline to only a quarter by 2015.

Some worry the recent correction is a sign that the rally in emerging markets is over and that a correction could spread to the U.

Stronger productivity growth in emerging markets should provide significant support for currency appreciation over the medium-term.

China's battle against stubbornly high inflation is part of a wider war being waged by central banks across emerging markets.

Rising prices over the last decade are in part the result of burgeoning demand from emerging markets such as China and India.

Unlike China and India but like many other emerging markets, Brazil has only a limited number of large firms to invest in.

But this spawned another mantra: the two-speed world, in which emerging markets surged even as the advanced nations stagnated.

Investors said an offer would be consistent with Vodafone's aim of fuelling revenue growth by increasing its presence in emerging markets.

Outperformance came only in the decade just gone, with emerging markets almost quadrupling investors' capital since the end of 2000.

It has been a good year for emerging markets.

Meanwhile, SOEs were growing in emerging markets, challenging the idea that public companies are the biggest fishes in the sea.

Many commentators are looking for an increase in domestic demand in emerging markets to compensate for the slowdown in the US.

You can execute this long-term strategy by buying stocks in emerging markets, as long as you stick to utility and utilitylike stocks.

It has been the region's safe haven as investors pulled out of risky emerging markets and put their money into yen.

Tarun Khanna, of the Harvard Business School, calculates that such organisations are the most common business form in emerging markets.

Mr Dagg said most companies seeking to raise capital were still looking at London and New York, rather than emerging markets.

Now emerging markets, though still expanding, aren't growing fast enough to lift the entire global economy.

Emerging markets in general have weathered the financial crisis better than developed economies.

But the starting point was the fundamentals -- the surge in oil demand driven by powerful economic growth in emerging markets.

The automaker has enjoyed a strong 2010 on solid performance in emerging markets, particularly China and India where it produces vehicles.

In emerging markets bond spreads have soared and local currencies plunged. And whole countries have begun to get into trouble.

Since then, central banks across the emerging markets have promised billions in reserves to boost companies' access to dollars.

Permira puts a heavy focus on the companies in which it holds stakes developing their businesses in emerging markets like China.

The anxieties that prompt emerging markets to run big current-account surpluses have not been assuaged.

The strongest candidate from the emerging markets so far appears to be Mr. Carstens, a 52-year-old veteran of Mexico's financial crises.

But he didn't want to talk about any of that. He wanted to about emerging markets.

Perhaps the very phrase "emerging markets" may end up blinding people to the fact that many of these markets have already emerged.

Recent events have done little to undermine the fundamental pillars of emerging markets performance.

Even allowing for rapid growth, banks cannot expect emerging markets to be an immediate panacea.

"We estimate that VW will sell 51 per cent of its cars in emerging markets by 2012, " he said.

Emerging markets will not be immune to that slowdown but they will enjoy higher growth and money will continue to flow towards them.

The flow of global financial assets toward emerging markets has still left them underrepresented in the financial markets.

Deutsche Bank has assembled its top 200 executives in New Delhi, in a sign of the German bank's push into India and other emerging markets.

So if Brazil and Russia are old news, what's behind the inclusion of new entrants to the top picks for emerging markets growth?

"We are no longer in a world driven by the US, but one driven by the emerging markets, " says Stephen King, chief economist at HSBC.

Emerging markets, it seems, have had a good crisis.

ON, which is selling assets to help pay off debt and expand in emerging markets.

So far, 'Asia is doing better, but sooner or later, there may be more weakening also coming from there and emerging markets. '

The 2008-2009 global crisis was a shock to emerging markets, if there ever was one.

If emerging markets skyrocket into a bubble'as some smart people predict'you'll make out fine.

"We are seeing increasing interest in emerging markets but we're not seeing waves of investors getting back in yet, " says Mr McCombe.

Money pouring into emerging markets stokes inflation and destabilises the economies on which the world now relies for its growth.