Thursday’s best web covers jumpstarting the Brazilian economy, new ETFs, foreign investment in Bulgaria, Samsung releasing the new Galaxy Note 10.1 in Korea and surprising growth in Malaysia.
As the London Olympics conclude debate rages as to the economic benefit the city will enjoy. The government claims the Games will provide £13 billion in positive economic fallout over the next couple of years. If this number is achieved, having the Games will have more than paid for itself.
Thursday’s best web covers Starbucks continued expansion in Brazil, growing Chinese investments to grow GDP, investing opportunity in the emerging market banking sector, free trade negotiations between Korea and Vietnam, and Malaysia’s June export numbers surprise.
Jim O’Neill of Goldman Sachs is well known as the man who coined the acronym BRIC. He has now created another acronym gaining traction thanks to a fund he launched last year: MIST, which stands for Mexico, Indonesia, South Korea and Turkey.
Citigroup CEO Vikram Pandit grabbed a few headlines last week after making comments reflecting an optimistic viewpoint of emerging markets.
While high beta stocks significantly outperformed in the United States, the same cannot be said for Asian markets, many of whom struggled on the back of Japan. Nippon underperformed as the result of poor trading in financials and power companies.