Mexico has attracted more M&A activity in 2010 than any other EM economy with the exception of China, knocking the other regional heavyweight Brazil into third place. With the Mexican peso outperforming most other EM FX majors over the past few months, the benchmark IPC equity index continuing to push record highs, and the country’s [Read more...]

The health of the world economy has picked up considerably in 2010 with BMI forecasting global GDP growth of 3.2% (driven largely by emerging markets). However, rather than force through positive consumer spending momentum, I see 2010 proving to be another difficult year, with developed market consumer confidence remaining weak. At the real economy level, [Read more...]

Following the re-election of President Susilo Bambang Yudhoyono on Wednesday, arguably the biggest question is whether Indonesia can join the BRIC (Brazil, Russia, India, China) league and make the group ‘BRIIC’. Goldman Sachs identified Indonesia as one of the ‘Next 11’ big emerging markets in 2005, and Morgan Stanley recently suggested that Indonesia should be [Read more...]

Mexico has made a bid to become part of the emerging market (EM) elite by stating that it too may decide to lend to the IMF, either through a direct loan or the purchase of IMF debt. The announcement on June 12 by central bank governor Guillermo Ortiz came shortly after EM heavyweights Russia and [Read more...]