Emerging Markets Roundup: India

CENTRAL BANK CHOOSES SLOWER GROWTH OVER HIGHER INFLATION   By Aaron Chaze   The Reserve Bank of India (RBI) has become the most proactive central bank in Asia for monetary tightening.   Indian stock exchanges are performing poorly in 2011 ...

Kulibayev Front-Runner In Kazakhstan Succession

NEWSMAKERS: KAZAKHSTAN   By Kim Iskyan   Talk of who might replace Kazakhstan’s president Nursultan Nazarbayev—who has ruled the oil-rich Central Asian country since 1989—has long been taboo in the country’s political circles.   With Nazarbayev’s blessing Succession uncertainty has ...

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% ...