Coca Cola – Hellenic Bottling Company (HBC) acknowledge some issues/risk doing business in emerging markets in a statement to investors. Specifically Coca Cola indicated the risk in doing business in Russia is now at the same level of risk as in Nigeria.
Coca Cola (KO, quote) is doubling down on the Latin American consumer with a $1.3 billion investment in Chile over the next five years.
With the recent passage of legislation to open Myanmar to foreign investment, McDonald’s (MCD, quote) restaurants could soon be dispensing Coca-Cola (KO, quote) throughout the country. Although the new law will not be enacted until it’s signed by President Thein Sein, this is a massive step in the right direction for a country that was ostensibly socialist under its military junta.
Wednesday’s best web covers Coca-Cola’s relaunch of a classic masala cola, Walmart’s foray into online shopping in China, record mortgages in Israel, analyst predictions for the renminbi, and imagining conflict with China.
A floating exchange rate prices a nation’s currency against other currencies according to supply and demand in the foreign exchange market. Providing policymakers with a critical tool for protecting their economies, this mechanism is used by most developed markets as well as some of the larger emerging markets.
After multiple companies with Macao exposure reported disappointing earnings over the past few weeks, investors may be questioning their investments. Is now time to bolt from this sector?
Thursday’s best web covers positive Chinese economic data, the politics behind the TNK-BP sale, Coca-cola’s plan to invest $3 billion in India, Chinese online shopping habits, and Hungary’s financial situation.