Hans Rosling: Asia’s rise – how and when

Article Recommendation: MBA salaries in Asia

Original Article here.

Source: QS TopMBA.com International Recruiter Survey 2009

ESADE in the APAC Region – January/February trip

A message from Mary Granger, the Associate Director of the ESADE Admissions and Career Services, APAC Region:

Dear all,

I am pleased to let you know about ESADE’s upcoming trip to the APAC Region for Information Sessions, Interview Days and Company Visits. Please let me know if you are able to attend the nearest Information Session, have company contacts, or want to attend an Alumni dinner…

Information Events/Interview Days

I hope to see you in January/February!

Mary Granger

Linkedin Profile

Emerging Markets – Newsletter #5

Emerging Markets

UK Pension Funds and IMF disagree on EMs –  The UK pension funds invest again in emerging markets however IMF’s chief economist Olivier Blanchard warns of a bubble as does China. People, Reuters (pension fund), IMF (bubble)

Latin America

LatAm grows steadily – Reuters

Brazil keeps sending mixed feelings – The efts are growing strongly but the new taxes threaten to destroy the recent grains. Bloomberg Seeking Alpha

The Economist Special Report: business and finance in Brazil. Attachment

Latin America Stocks to Near Records by End 2010, JPMorgan Says – Latin America’s stock markets will rebound to almost record highs by the end of next year. Bloomberg

El Nino intensifies Latin America drought – From a devastating food crisis in Guatemala to water cuts in Venezuela, El Nino has compounded drought damage across Latin America this year. AFP

Gerdau Sells $1.25 Billion of 10-Year Bonds in Overseas Markets – Gerdau SA, Latin America’s largest steelmaker, sold $1.25 billion of 10-year bonds in overseas markets as the company prepares to boost investment in its iron- ore business, said a person familiar with the transaction. Bloomberg

Argentina’s Debt Swap May Be Delayed Until January – Argentina’s planned offer to swap as much as $20 billion of defaulted debt to help it re-enter international credit markets for the first time since 2001 may be delayed until January, Economy Minister Amado Boudou said. Bloomberg

Asia Pacific/Pacific

China –  Chinese stocks surged last week Cabot

Sharia-compliant investments – An investment fund that is sharia-compliant looks at investing in clean-tech and gains in popularity. Reuters

JP Morgan hires Shao as CEO – JP Morgan appointed the Linklaters LLP’s Asia managing partner Zili Shao. He is due to start in February 2010. WSJ

Asia farewells Obama unimpressed – The Asian countries are looking at the bottomline of Obama’s visit to Asia and are not impressed. WSJ

Air Asia to expand to India – AirAsia is looking at expanding its activities into India after having overcome large amount of documentations. Now the structure seems to stand and the potential that India can bring to AirAsia can be tremendous. The Star

Africa

European Union gives Nigeria $1bn ‘for peace’ – The European Commission has signed a $1bn (£602m) development pact with Nigeria, aimed at tackling corruption and promoting peace. BBC

Ghana pledges tough curbs on spending – The government of Ghana, an evolving democracy beloved of western donors, has pledged tough new checks on spending as it wrestles with a record budget deficit inherited from the former administration. FT

Out of Africa, into Euronext for PPR’s CFAO – French retail and luxury group PPR is set to raise up to $1.5 billion by listing its Africa-focused distribution unit CFAO in Paris next week, raising the profile of a company little known by international investors. Reuters

KENYA: Nakumatt Sets Sh1.8 Billion Price for Sale of 30 Per Cent Stake – Retail chain Nakumatt Supermarket is shoring up its financial position with the sale of a third of its shares to international private equity investors for Sh1.8 billion. AllAfrica

Eskom May Secure a $3.75 Billion World Bank Loan by Early 2010 – The World Bank may agree to lend Eskom Holdings Ltd. as much as $3.75 billion by early next year to help reduce an 80 billion rand ($11 billion) funding shortfall, South Africa’s National Treasury said. Bloomberg

Most clicked articles last week:

IIM-A’s summer placements close in four days flat

Latin America will do well, but not great

Big Risks in China’s Yuan Policy

South Korea OK’s India free trade agreement

This newsletter was sent by the ESADE Emerging Market Club. If you wish to unsubscribe please reply to this email with the word “unsubscribe” in the subject. To subscribe please email to ESADE Emerging Market Club and write “subscribe” in the subject.

Newsletter – Emerging Markets #3

Emerging Markets

EM new opportunities for Mobile Phone Operator – Mobile Phone Operators see a great growth opportunities with the large amount of SME emerging and growing in the Emerging markets. Reuters

HSBC is looking at the EM – HSBC is on the look out for M&A’s in EM and is particularly interested in China – WSJ, Reuters

Pension Funds are heading to the EM – Fund managers are looking at increasing the amount of pensions funds investmented in EM. Pionline

Latin America

Banco do Brasil wants US$5.7bn US share sale – SAO PAULO, Oct 31 (Reuters) – Banco do Brasil (BBAS3.SA), Brazil’s biggest bank, wants to fetch up to 10 billion reais ($5.7 billion) in a share offering in the United States to replenish its capital base, newspaper O Estado de S. Paulo reported on Saturday, citing unnamed sources. Reuters

Honduran coup leaders agree to restore ousted president to power –  The de facto government announces that it will sign accord reinstating Manuel Zelaya. The Guardian

AEI Pulls Offering Amid Record Low Returns for IPOs – Oct. 30 (Bloomberg) — The market for initial public offerings, hurt by the worst returns in at least 14 years, suffered another setback after AEI pulled its sale. Bloomberg & Reuters

EMERGING MARKETS – LatAm stocks tumble, worst day in 8 months – NEW YORK, Oct 28 (Reuters) – Investors pulled back from riskier markets again on Wednesday after weak U.S. housing data upset economic recovery hopes and slammed Latin American stocks for their worst one-day fall in nearly 8 months. Reuters & Bloomberg

Forget China, Brazil’s a cheaper investment – The bustling economy survived the global slump in style, and many of its stocks are still reasonably valued. CNN Money

Asia Pacific/Pacific

Pakistan’s National Bank Net Declines on Provisions – National Bank of Pakistan, the nation’s biggest lender by assets, said third-quarter profit declined 18 percent after it set aside additional funds to cover bad debts and received lower dividend income. Bloomberg

China’s Sinopec posts 25% drop in 3Q net income – Sinopec Profit May Fall as Fuel Prices Lag Behind Oil. Bloomberg, China Economic Review

China sovereign fund buys 45% stake in Russian oil company – China Investment Corporation (CIC), the nation’s sovereign wealth fund, announced Friday that it had closed the first phase settlement for the purchase of a 45 percent stake in Nobel Oil Group. People.com.cn

China’s economic policies, RMB exchange rate to remain stable – China is to maintain basic stability and continuity in the economic policies and RMB exchange rate to ensure a foreseeable prospect for its businesses. Xinhuanet

India is wondering what to do with all the capital – India is facing an unprecedented inflow of foreign capital into the market and now needs to find new ways to cope with that challenge and opportunity.  Seeking Alpha

SE Asia Stocks-Markets subdued, Thailand leads falls. Reuters

Africa

China’s direct investment in Africa, excluding in the financial sector, shot up 78.6% – Mbendi, People.com.cn

IMF forecasts Kenya’s economy to grow by 2.7% in 2009 – A statement issued in Nairobi following the conclusion of a two-week visit to the East African nation said the economic performance is expected to improve gradually.Xinhuanet

Uganda’s Inflation Slowed to 13.3% in October – Uganda’s annual inflation rate declined to 13.3 percent in October after the prices of some foods fell, the Uganda Bureau of Statistics said.Bloomberg

IMF sees 3% Zimbabwe growth, warns on wages demands -Zimbabwe’s economy would grow by 3 percent this year due to improved policies said the IMF. Busrep

Sudan’s oil production has plunged to less than 500,000 barrels per day – Sudan’s oil production has plunged to less than 500,000 barrels per day in 2008/2009, said the minister of energy in an interview with Reuters on Oct. 25. Sudantribune

ArcelorMittal South Africa has posted a headline loss of R65 million – The third quarter loss represents a substantial improvement on the R607 million loss of the previous quarter. Mbendi

SA Rand Pares Loss After Steepest Intraday Decline in One Year – The rand posted its biggest intraday decline against the dollar in more than a year as the Tokyo Financial Exchange Inc. quoted a price on its Web site that was 35 percent below the rest of the market. Bloomberg, Update by Busrep

South Africa’s unemployment rate increased by 0.9% to 24.9% Mbendi

Middle-East

Mizuho Said to Form Investment Bank in Saudi Arabia – Mizuho Financial Group Inc., Japan’s third-largest bank by market value, received a license to start offering investment-banking services in Saudi Arabia. Bloomberg

Dubai’s Drake & Scull Q3 net profit $19 mln – Dubai-based contractor Drake & Scull International DSI.DU recorded a third-quarter net profit of 71 million dirhams ($19.33 million) on Monday and said it continued to review expansion opportunities in the region. Reuters

Most clicked articles last week:

Asian leaders seek to reduce Western trade ties Reuters

No Asia without us, India reminds Asean, Japan Hindu

East Asia Needs New Economic Model, Says Najib Bernama

This newsletter was sent by the ESADE Emerging Market Club. If you wish to unsubscribe please reply to this email with the word “unsubscribe” in the subject. To subscribe please email to ESADE Emerging Market Club and write “subscribe” in the subject.

ESADE recruitment – Asia Pacific

Mary Granger from the admission office is planning her next trip to Asia Pacific. Ms. Granger is in charge of recruitment for Asia and therefore the following dates are good occassions to meet her in case you want to apply to ESADE.  Upcoming fairs:

Seoul – November 3

Tokyo – November 5

Hong Kong – November 7

Shanghai – November 9

Beijing – November 14

Taipei – November 16

Manila – November 18

Singapore – November 22

Kuala Lumpur – November 24

Best of luck for your applications and take advantage of meeting Mary Granger. She is great!