Emerging Markets : Debt Markets Holding Up Well

NEWS     The big question for dollar-denominated debt markets in emerging market countries is whether they have decoupled from their historical dependence on the US economy and financial markets, according to analysts at Bear Stearns. While the US consumer ...

Features : Star Of The South

COUNTRY REPORT / BRAZIL Brazil’s commitment to developing biofuels is paying off handsomely. Investment is flooding in to other areas of the economy, too.   José Sergio Gabrielli, CEO of Petrobras For the administration of Brazilian president Luiz Inácio Lula ...

Features : The Wild East

RUSSIA Russia’s greatest strength could also turn out to be its biggest weakness.   Skyscrapers go up as some of Russia’s surplus is invested in infrastructure projects Oil has been kind to Russia. In the past few years, as world ...

Features : Growth Pains

COUNTRY REPORT / CHINA China’s continuing economic expansion may be a bumpy ride, but the country’s prospects still look remarkably good.     Reach for the skies: China’s newfound wealth is reflected in its grand plans for Shanghai and beyond, ...

Emerging Markets : Pension Funds Like Local-Currency Debt

NEWS     California’s San Bernardino County’s employees’ retirement plan awarded a $125 million mandate in October to London-based Ashmore Investment Management for investment in emerging market local-currency debt. “All our central bank clients and the majority of our pension ...