EMERGING MARKETS

Gasoline Pump

Iran, Kuwait say no to increasing crude supply

Kuwait and Iran, two of the world's largest crude exporters and prominent members of the Organization of Petroleum Exporting Countries (OPEC), have reiterated that they don't see the need to raise output to keep rising crude prices under check.
Chairman of the Federal Reserve Ben Bernanke delivers opening remarks at a Federal Reserve System symposium in Arlington, Virginia

What IHS predicts for US economy in 2011

The U.S. economy is on course to a self-sustaining recovery in 2011, aided by the private sector’s return to health and a further injection of fiscal stimulus, IHS Global Insight has said.
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GM poised for China growth, small cars

GM Shares Gain After Analysts Give Thumbs Up

Shares of General Motors rose more than 2 percent Tuesday after a slew of analysts advised buying shares of the automaker, which has raised $23 billion recently in the world's largest IPO.
 Toyota Motor to recall 51,000 Tundra trucks

Toyota Motor aims 7.7 mln vehicle sales in 2011

Toyota Motor Corp on Tuesday said that it expects to sell 7.7 million vehicles worldwide next year, up 3 percent from 2010, by tapping emerging markets Asian markets, such as China and India.
World Bank President Zoellick speaks during news conference at Istanbul Congress Center

Capital flows to developing countries dropped 20% in 2009: World Bank

Net global capital flows to developing countries fell by 20 percent in 2009 to $598 billion (which accounted for 3.7 percent of gross national income [GNI]), from $744 billion in 2008 (4.5 percent of GNI) and amounted a little over half the 2007 peak of $1.11 trillion, according to data released today by the World Bank.
Novartis AG headquarters in Basel, Switzerland

Novartis Clinches Alcon In $12.9 Bln Deal

Swiss drug maker Novartis will pay $12.9 billion to buy the remaining shares of Alcon it doesn't already own to broaden its presence in the booming eye-care market, which is expected to outgrow the pharmaceuticals market in coming years.
Britain's Prime Minister David Cameron speaks to India's Trade Minister Anand Sharma during their meeting at number 10 Downing Street in London

What exactly is an emerging market anyway?

Some of the so-called emerging markets have advanced to a point where they might be considered “developed” -- or not, depending on one’s views and criteria. Further complicating this picture is the arrival of “frontier” markets – countries even less developed than the emerging markets, but boasting even greater long-term growth potential.
 Nissan to recall 270,000 units due to steering glitches

Nissan, Mitsubishi deepen ties; to strengthen mini car business

Nissan Motor Co and Mitsubishi Motors Corporation said on Tuesday that the two companies agreed to expand their current scope of cooperation towards new projects that will further strengthen mutual competitiveness, especially in the Japanese mini car and global commercial vehicle businesses.
A man walks into the trading hall of the Hong Kong Exchanges and Clearing in front of Christmas lighting in Hong Kong - file photo.

US falls way behind China in IPO value

Even as the risk appetite of global investors is picking up steam once again, emerging economies have gone past the U.S. in leading the investment pick-up.

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