EMERGING MARKETS

Palocci, Rouseff

Brazil president's aide Polocci resigns after scandal

The most powerful pro-business voice in Brazil's government resigned on Tuesday following a scandal over his sudden enrichment, prompting worries on Wall Street that his departure could herald a leftward drift in economic policy.
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Doomsday for the Dollar?

The dollar may need to make room for the Euro and the Renminbi as the rise of economic strength and influence of emerging markets threaten its dominant position as the world's currency.

China vouches for developing countries to lead IMF

After the resignation of besieged chief Dominique Strauss-Kahn, China on Thursday has insisted for emerging nations to be selected in the top leadership of the International Monetary Fund, Economic Times reported on Thursday.
France's Finance Minister Lagarde

Who Will Take Over The IMF If Strauss-Kahn Resigns?

As Dominique Strauss-Kahn’s continued role as boss of the International Monetary Fund (IMF) appears doomed following his arrest on charges of rape in New York over the weekend, speculation grows on who will ultimately succeed him.
 Toyota Motor to recall 51,000 Tundra trucks

Toyota Motors to unveil 10 more hybrids by 2015

Toyota Motor Corporation plans to expand line of hybrid models, launching about 10 more by 2015, and continue to develop a full range of plug-in hybrid vehicles, pure electric vehicles and fuel cell vehicles, the carmaker said in its Toyota Global Vision corporate outline for the future.
IBM to provide Microprocessors to Nintendo as the core of Wii U

IBM Analyst Day Likely to Focus on 2015 Roadmap

IBM would be hosting its Analyst Day today at its Thomas J. Watson Research Center in Yorktown Heights, New York at 10 am EST that is likely to focus on 2015 roadmap, according to Barclays Capital.

China CIC official says hopeful of fresh funding

China Investment Corp, the country's $300 billion sovereign wealth fund, is counting on getting a fresh injection of cash from the government to invest abroad, a senior CIC official told Reuters on Friday.

Can Tablets End PC Growth?

RBC Capital Markets estimates that tablets may ultimately cannibalize around 15 percent of the total PC market through 2014, which while material, doesn't deter the PC markets from seeing sustained growth over the next 5-years.
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Exclusive: Boston Scientific plans more layoffs

Boston Scientific Corp (BSX.N) plans further layoffs in its biggest business unit for pacemakers and other heart devices, the company told Reuters, and a source said the layoffs will affect about 5 percent of staff within the unit's clinical division.
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East Asia growth may need to slow: World Bank's Lin

East Asia's economy may need to slow to address inflationary pressures but the region will likely continue to lead the globe in economic activity, World Bank Chief Economist Justin Yifu Lin said on Monday.
Bankers Eye RMB Offshore Market As China Funding Costs Rise

Bankers Eye RMB Offshore Market As China Funding Costs Rise

Bankers are predicting a burgeoning offshore market for renminbi-denominated bonds as corporates increasingly turn to the Chinese currency to issue debt, making it only a matter of time before the renminbi is on a par with dollars, euros and yen.

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