Emerging Markets Roundup: China

OVERHEATING EASES, BUT DEMAND IMBALANCES REMAIN   By Thomas Clouse   Chinese overheating is finally slowing.   Rising food costs hit consumer price index Chinese overheating is finally slowing after numerous interest rate increases and other policies were enacted to ...

ASEAN Moves Closer To Political Cohesion

MILESTONES: ASIA By Thomas Clouse The Association of Southeast Asian Nations took another step toward political cohesion in late July, agreeing jointly with China to nonbinding guidelines for settling competing territorial claims in the South China Sea. South China Sea—still ...

WORLD’S SAFEST BANKS IN ASIA 2011

Global Finance names the World’s Safest Banks 2011 in Asia NEW YORK, August 18, 2011 — Global Finance magazine (GFmag.com) has named the top 10 Safest Banks in Asia in an exclusive survey to be published in the October 2011 ...

Dim Sum Best Served At Low Rates

COVER STORY — RENMINBI RISING   By Michael Shari   Multinationals are positioning themselves to capture lucrative gains from the internationalization of China’s currency.   When McDonald’s became the first non-Chinese corporation that was allowed to issue a bond denominated ...

India: Tata Steel Sells Assets

EMERGING MARKETS ROUNDUP: INDIA   by Aaron Chaze   Tata Steel: Trimming debt In an attempt to trim its debt, India’s largest steel producer, Tata Steel, is to sell its 26.3% stake in Riversdale Mining, the Australian Stock Exchange–listed coal ...

China: Floods Drive Prices Higher

EMERGING MARKETS ROUNDUP: CHINA   by Thomas Clouse   Floods devastate crops Inflation in China accelerated in May to its most rapid rate in 34 months. According to the National Bureau of Statistics (NBS), the consumer price index rose 5.5% ...

Asian Infrastructure Finance Gets International Boost

MILESTONES: ASIA   by Denise Bedell   Charged up: Investment should enhance power grid Vietnam’s National Power Transmission Corporation (NPT) has launched a $200 million, 13-year infrastructure finance facility that demonstrates the growing enthusiasm among international investors for financing Asian ...

Emerging Markets Roundup: China

TRADE SURPLUS GROWS SHARPLY   By Thomas Clouse   China’s trade surplus jumped to $11.4 billion in April, after the country posted its first quarterly deficit in seven years in the first three months of the year.   China moves ...

Emerging Markets Roundup: India

INDIA SHORTLISTS EUROPEAN FIGHTERS FOR $11 BILLION CONTRACT   By Aaron Chaze   After a fiercely contested bidding process, which involved President Obama’s pitching in on behalf of US aerospace firms, the Indian government has announced the finalists in the ...