EMerging Equity
exports
Mexico, Colombia Join The “Fragile Five”
Mexico and Colombia have now joined the “fragile five” grouping of emerging market (EM) economies, replacing India and Brazil, according to JPMorgan, the Financial Times (FT) reports. The two Latin American nations will now join Turkey, South Africa, and Indonesia to form the group of EM countries seen as the most overdependent on volatile foreign investment flows. In August 2013, as … Continue reading
China’s Stock Index Has Just Made Its Best Week In 2 Months While Yuan Volatility Shakes The Markets
China’s benchmark stock index has just made its biggest weekly gain in two months. Investors bet that the weaker yuan will help to boost the economy. The Shanghai Composite Index rose 0.3% at the close today and this week the index advanced by 5.9%. The yuan lost 3% for the week as a result of Tuesday’s surprise devaluation. Gerry Alfonso, a sales trader at Shenwan … Continue reading
Currency War Intensifies As China Devalues Yuan For Third Day In A Row
China’s Central Bank, the People’s Bank of China (PBOC), has further devalued the yuan on Thursday for a third day in a row — following a surprise “one-time devaluation” announced by the Central Bank on Tuesday — which is heating up what appears to be a currency war that is continuing to rattle markets. . On Thursday, the PBOC set the … Continue reading
European Union, Vietnam Agree To Free Trade Deal
After nearly three years of intense negotiations, the European Union (EU) and Vietnam agreed to a free trade agreement (FTA) on Tuesday that will remove nearly all tariffs on goods traded between the two countries. “We have a deal. This finely balanced agreement will boost trade with one of Asia’s most dynamic economies. It sets a new, better … Continue reading
Russia Overtakes U.S. And China In Manufacturing Competitiveness Amid Cheaper Oil, Ruble: BCG
Russia has overtaken the United States and China in terms of manufacturing competitiveness helped by a fall in oil prices and the country’s currency, according to a report by the Boston Consulting Group (BCG). The report from BCG evaluates the competitiveness of the world’s top 25 export economies, which account for nearly 90 percent of world exports … Continue reading
How Will Low Oil Prices Affect Global Growth?
By Marc Stocker The impact of falling oil prices is becoming increasingly visible, but the global economy is yet to hit a nice stride – oil exporters face severe headwinds, oil-importing China continues to slow, other large oil-importing countries have seen mixed developments since the start of 2015, and financial market volatility has increased. Are … Continue reading
No End In Sight For Venezuela’s Currency Plunge As Risk Of Default Grows Closer
The OPEC nation of Venezuela has long been home to the world’s highest inflation rate, and now the nation is set to become the site of the 57th hyperinflation event in modern recorded history, says Steve Hanke, professor of applied economics at Johns Hopkins University, Bloomberg reports. As Venezuela’s currency has plunged 32 percent over the past month … Continue reading
What Do BRICS’ Exports Tell Us About Their Competitiveness?
By Simon J. Evenett That export performance of the BRICS has been disappointing in recent years is well known. What hasn’t been appreciated is the extraordinary lengths the governments of the BRICS have gone to boost their exports. Indeed, once they’ve been taken into account, recent export performance is cast in worse light, begging the question—is … Continue reading
The Global Impact Of The Rising Dollar
By Deena Zaidi The US dollar has been on the rise every day setting new records. With the upward pressure on dollar, stronger dollar could tighten financial conditions across the globe. Further the rising dollar could be offsetting the benefit of low cost oil within the US economy. Over the past six months, the trade-weighted dollar … Continue reading
Saudi Arabia To Increase Refining Capacity, Become Second Largest Refined Oil Exporter
Saudi Arabia is looking to become the world’s second-largest exporter of refined oil in 2017, Saudi Oil Minister Ali al-Naimi said Wednesday, the Wall Street Journal (WSJ) reports. Al-Naimi said that the Saudi Kingdom seeks to increase refining capacity in an effort to diversify its economy and boost its share in the global crude and … Continue reading
Follow Us On Social Media
The SSE Intl Roadshow
Our Discussion Groups
Our Social Media Readers
