Banking in Emerging Markets: The Bigger and Bigger Picture

In covering the rise of Emerging Markets banks, The Economist notes that few of these financial firms are known on a global basis – yet their rate of growth indicates the potential for expansion. “Despite their large size, most emerging-market banks are not household names in the West. Most rich-world investors are aware of China’sContinue reading “Banking in Emerging Markets: The Bigger and Bigger Picture”

Complexo do Alemao, Rio de Janeiro, November 2010 fighting

Excellent reporting from The Economist Time’s up Nov 28th 2010, 19:06 by H.J. | RIO DE JANEIRO ONE WEEK after drug dealers and gangsters started a campaign of arson and robbery in Rio de Janeiro, Brazilian security forces have entered the Complexo do Alemão, a group of 12 favelas (shantytowns) where the ringleaders are hiding,Continue reading “Complexo do Alemao, Rio de Janeiro, November 2010 fighting”

The global economy How to stop a currency war

Mr. Mantega of Brazil in late September referred to “currency wars.” “IN RECENT weeks the world economy has been on a war footing, at least rhetorically. Ever since Brazil’s finance minister, Guido Mantega, declared on September 27th that an “international currency war” had broken out, the global economic debate has been recast in battlefield terms,Continue reading “The global economy How to stop a currency war”

BRIEFING: Brazil’s presidential election Lula’s legacy

In reviewing Lula’s tenure as President, The Economist gives a nice summary of the advancement and status of Brazil over the past several years. “Instead, Brazilians are revelling in a golden moment. A country that used to fall over whenever the world economy wobbled was one of the last to go into recession in 2008Continue reading “BRIEFING: Brazil’s presidential election Lula’s legacy”

Continued Multi Speed Recovery in 2011

The World in 2011 by The Economist projects a continued multispeed recovery with emerging markets growing output faster than the Rich World. “Nowadays, it is usually sunnier in the emerging world, and so it will again prove in 2011. Yet there, too, much of the growth in 2010 came from the pocket-books of national governments.Continue reading “Continued Multi Speed Recovery in 2011”