Emerging Markets

    Featured Articles

  • Idiosyncratic risk remains high on EM investors list.

    Setting Up Your Emerging Markets Week

    EM ended last week on a soft note, as Fed tightening expectations ratcheted up.  The December Fed funds futures contract has an implied yield of 0.5%, the highest since June 2.  Note that on June 3, US rates plunged after the May jobs shocker (+38k).  If the hawkish Fed storyline can be maintained, then EM will have trouble getting traction.  This Friday’s jobs report for August will be key, with consensus at +185k vs. +255k in July.

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  • There's a new Mayor in Johannesburg, and he is a businessman.

    Pros and Cons of Businesspersons as Politicians

    South Africa’s economic capital, Johannesburg, has a new mayor, Herman Mashaba. His election marks two watershed moments: he is a member of the Democratic Alliance, which has never run the city before; and he’s a successful businessman who has never been a public servant. Does a business background matter in public service, particularly in the South African context? The Conversation Africa’s business and economy editor Sibonelo Radebe chatted to Lumkile Mondi from the University of the Witwatersrand.

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  • India's Rajan has a successor and Colombia tries peace with the FARC rebels.

    India, South Africa and Colombia Lead the EM Headlines

    Reserve Bank of India Deputy Governor Patel has been named to succeed outgoing Governor Rajan; political risk is back in South Africa; the Colombian government and the FARC rebels have reached a final peace agreement; S&P cut the outlook on Mexico’s BBB+ rating from stable to negative.

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  • Tension is palpable between miners and farmers in Africa.

    Africa Still Struggles with Miners Versus Farmers

    The interaction between artisanal (small-scale) mining and agriculture in Africa still needs to be carefully considered by policy makers to ensure that people’s livelihoods and countries' export revenues aren’t threatened. It’s also important that the relationship between the two sectors be optimised to mutual benefit.

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  • The athletes are gone from Rio, as are the tourists and their dollars.

    Rio Returns to 'Normal'

    A boost in tourism is meant to be one of the big bonuses of hosting the Olympics. There is never any shortage of pre-games rhetoric about the bounties – generally packaged as “Olympic legacies” – that the mega-event will bring hopeful cities and their governments. But Rio 2016, as with London 2012 and others before it, has shown that the reality rarely lives up to the promises.

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