Bain & Company is out with a positive outlook on private-equity in Southeast Asia for 2013. The firm expects deal-making to pick up next year on strong economic fundamentals and a reversal of the drop in interest seen since the peak in 2007.
In a recent gathering of Chinese and American financial heavyweights at the Palace Hotel in New York City, China Investment Corp. chairman Lou Jiwel delivered an unambiguous message: “If your Congress passes a bill labelling us as currency manipulators, we will crush you. And because we find your government rather difficult to deal with, please convey that message on our behalf.”
Even though the economic news for India has been very negative lately with both diversified portfolios that focus on the country like the India Fund (IFN, quote) and Wall Street favorites like Tata Motors (TTM, quote) each down about 10% for the week, The Blackstone Group (BX, quote) announced recently that it would be investing $500-700 million there annually.