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News Tag: emerging markets

January 7, 2011

UK exporters: emerging markets or join “slow lane of history”

by Gill Montia
UK exporters: emerging markets or join
A new report from PricewaterhouseCoopers (PwC) is urging UK companies to focus on emerging markets, or join the "slow lane of history" by continuing to focus on markets in North America and Western Europe. In PwC's latest "World in 2050" series, the firm's head of macroeconomics, John Hawksworth, comments: “Rapid growth in consumer markets in the major emerging ...

July 9, 2010

Brazil’s economy performs better than its footballers

by David Masters
Brazil's economy performs better than its footballers
Brazil's performance at the World Cup may not have been up to standard, but the country's strong economy remains a hot favourite with investors, according to F&C Investments. The investment bank pointed out that Brazil's benchmark Bovespa index rose 77% in 2009. However, despite the strong performance, the index has yet to recover to pre-2008 levels. F&C said it expects "great things" from ...

June 17, 2010

IFA’s optimistic about emerging markets

by Kay Mitchell
IFA’s optimistic about emerging markets
The Virgin Money Investors Intentions Index has revealed Independent Financial Advisers (IFAs) are confident about long-term investments from Emerging Markets and the Far East. While more than four out of five IFAs will recommend investing in UK Shares to clients over the next three months, they are more optimistic about other markets. According to the index, the number of advisers recommending UK Shares has ...

January 31, 2010

GSK to axe 4,000 jobs as it shifts focus

by Kay Mitchell
As part of a major restructure, Britain’s largest drugs company GlaxoSmithKline (GSK) is to slash 4,000 positions, according to The Sunday Times. According to press reports, the job losses are part of plans to shift its focus to emerging markets, such as China which has greater potential to increase sales growth. The company has a global workforce of 99,000 and ...

November 23, 2009

Gold soars to all-time high

by Kay Mitchell
Gold soars to all-time high
The price of gold continues to rise after reaching an all-time high today of $1,167.35 an ounce. Spot gold was bid at $1,165.55 an ounce at 0800 GMT, against $1,148.20 late in New York last Friday. US gold futures for December delivery on the COMEX division of the New York Mercantile Exchange gained $19.20 to $1,166.00 an ounce. Increasing demand from emerging markets has ...

November 9, 2009

Weak US dollar continues to push up price of gold

by Kay Mitchell
Weak US dollar continues to push up price of gold
A weak US dollar continues to make gold an attractive buy for investors, as well as increasing demand from emerging markets, which is pushing up the price of gold. Furthermore, gold traditionally rises during the October to December period as the run-up to Christmas and the Indian festival of Diwali pushes up demand. The precious metal rose to ...

March 9, 2009

World Bank gives gloomy forecast for global economy

by Kay Mitchell
The World Bank is providing the gloomiest forecast yet for the global economy predicting that it will shrink this year for the first time since the Second World War. The forecast is part of a report which has been prepared for next week’s meeting of finance ministers from the 20 industrialised and large developing countries. According to the World Bank by ...

July 28, 2008

No sign of credit crunch easing say IMF

by Kay Mitchell
In its latest global financial stability report, the International Monetary Fund (IMF), said the global credit crunch is showing no signs of abating. Credit is being hit by falling house prices and slowing economic growth, according to the report. The IMF warned that banks are experiencing renewed stress, as well as further cutbacks in bank lending which could deepen the ...