Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Image...
Tag: emerging markets
Turkey earthquake comes at a critical time for the country’s future
Civilians look for survivors under the rubble of collapsed buildings in Kahramanmaras, close to the quake’s epicentre, the day after a 7.8-magnitude earthquake struck the country’s southea...
Turkey’s Erdogan declares state of emergency for earthquake-hit regions
Turkey’s President and leader of the Justice and Development (AK) Party Recep Tayyip Erdogan delivers a speech during his partys group meeting at the Turkish Grand National Assembly (TGNA) in An...
China’s Baidu Plans a ChatGPT Rival. The Internet Giant’s Stock Could Reap the Returns.
Talk about buying the rumor. Baidu China’s leading internet search provider, let it be known on Jan. 30 that it will launch a so-called chatbot powered by artificial intelligence, akin to the ChatGPT ...
China Is Opening Fast. Don’t Miss the Rebound for Stocks.
Chinese authorities’ abrupt pivot away from zero-Covid policies has been matched by the quick shift in investor sentiment about Chinese stocks from the bearishness of the past year. As the world’s sec...
Brazil’s New President Sends Stocks Tumbling. Bonds Could Be a Buy.
Investors brimmed with optimism when Luiz Inácio Lula da Silva was elected Brazil’s president on Oct. 30, returning to power after two prior terms in 2003 to 2011. It didn’t last. The iShares MSCI Bra...
Cristiano Ronaldo signs with Saudi Arabian club Al Nassr for reported record-breaking salary
Portuguese football star Cristiano Ronaldo poses for a photo with the jersey after signing with Saudi Arabia’s Al-Nassr Football Club in Riyadh, Saudi Arabia on December 30, 2022. Al Nassr Footb...
Inflation peaked but will remain above pre-Covid levels: Mastercard
Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “...
Saudi Arabia reports first budget surplus in nearly 10 years
The Kingdom Tower (center) stands on the skyline above the King Fahd highway in Riyadh, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia reported its first budget surplus in nearly 1...
United Arab Emirates ranked as having the best passport in the world
A traveler passes through immigration control by walking through a “smart tunnel ” at Dubai International Airport. GIUSEPPE CACACE/AFP DUBAI, United Arab Emirates — The United Arab Emirate...
Teams ax pro-LGBTQ armbands after FIFA threats
A detailed view of the ‘ONE-LOVE’ captains armband worn by Georginio Wijnaldum of Netherlands is seen during the UEFA Euro 2020 Championship in Budapest, Hungary. Alex Livesey – Uefa...
A round-trip taxi from Saudi Arabia will cost $532
A general view of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Images | Getty Images DUBAI, United Arab Emirates — The Dubai-based rideshare app Careem is offering inter...
5 Emerging Market ETFs That Limit China Investments
Chinese President Xi Jinping’s unprecedented third term as head of the ruling Communist Party rattled investors who see his stacking of loyalists as less than friendly to markets. Some China-focused e...
Rethinking China: Xi’s Power Play Could Bring Down Stocks Even More
Chinese stocks have lost roughly half their market value, or almost $1.5 trillion, over the past two years. But the damage may not be over as investors reassess their China allocations after President...
Chile has outperformed the S&P 500 this year. Here’s how
For the most part, stocks around the world have taken a beating this year. But there’s one corner of the global market that’s bucking that trend: Chile. Chilean stocks this year are leapfr...
Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.
Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible i...
Erdogan says Turkey will keep cutting interest rates, mocks British pound
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout...
Economy flights from Moscow to Dubai hitting $5,000 as Russians flee
The airline industry has been hamstrung by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to rising fuel prices. Sopa Images | Lightrocket | Getty Images ...
Saudi Arabia, GCC demand Netflix remove content that ‘violates Islamic values’
Jakub Porzycki | Nurphoto | Getty Images Saudi Arabia and five other Gulf Arab countries issued a joint statement demanding that Netflix remove content they say “violates Islamic and societal va...
The Investment Paradigm Has Flipped
Investing Has Become Much More Difficult getty If your investment portfolio has been struggling recently, it might be time to rethink your strategy. It may well be that what has worked during the past...
How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the governme...
Taiwan Semiconductor Stock Will Benefit From Spending Spree
Taiwan Semiconductor Manufacturing is hedging its geographical bets, with large new fabs planned for the U.S. and Japan. Here: a TSMC chip at a 2020 semiconductor conference in China. Str/AFP/Getty Im...
5 Reasons Causing Pain In Struggling EM Debt Markets
A man is seen in front of a screen showing the exchange rate between the Colombian peso and the US … [+] dollar in Medellin, Colombia, on July 7, 2022. (Photo by JOAQUIN SARMIENTO / AFP) (Photo ...
China’s Auto Sales Are Booming. Can the Rebound Last?
Text size China’s auto market is showing a robust rebound. Here: a BYD Tang vehicle at the company’s showroom in Beijing. Qilai Shen/Bloomberg While the recent recovery in much of China’s ...
El Salvador Faces Turmoil as Bitcoin Value Plunges
El Salvador’s bet on bitcoin is looking more and more risky as the cryptocurrency’s value plunges. Last year, the Central American country became the first in the world to make bitcoin le...
United Arab Emirates bans Pixar’s new Buzz Lightyear movie from theaters
Tim Allen and Tom Hanks voice Buzz Lightyear and Sheriff Woody in Pixar’s “Toy Story.” Disney DUBAI, United Arab Emirates — Disney Pixar’s animated movie “Lightyear”...
3 Emerging Markets Stocks That Are Secular Winners On Sale
High growth companies in emerging markets are on sale. getty Every market selloff presents opportunities. The iShares Emerging Markets ETF EEM is down -17% year-to-date. Even though Emerging Markets a...
Ridiculous to think we can stop fossil fuel production immediately: CEO
Fossil fuels are ingrained in the global energy mix and companies continue to discover and develop oil and gas fields at locations around the world. Imaginima | E+ | Getty Images LONDON — The CEO of S...
Ukraine war sees some countries focus on food, fuel, not clean energy
Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. At the same time, recent months have also seen commodity pr...