This column highlights the most interesting and useful business and financial commentary on emerging markets from around the Web.
Link: Can BlackBerry Conquer African Market?
“South Africa and Nigeria will be amongst the first wave of countries to receive the BlackBerry 10, testifying to the importance of the two African nations to developers Research In Motion
(NASDAQ:RIMM)...Africa has showed aggressive mobile phone penetration in the last one decade, with BlackBerry continuing to perform well even as it loses its grip on market share across the rest of the world. In Africa, RIM has possibilities for growth that it may not elsewhere.”
Link: Lithium: Next Frontier for Resource Nationlism
(NYSE:SQM), a Chilean company and the world’s biggest producer of the mineral that is used for smartphone batteries and hybrid cars, has won a tender to develop a lithium concession in Chile after beating other offers with its $41m bid to develop the concession for a 20-year term. Keep it in the family, as it were?”
Link: Telefonica Sees Mexican Growth in Markets Where Slim Isn’t
(NYSE:TEF), which has struggled to compete in Mexico against Carlos Slim, is seeking to boost sales in Latin America’s second-largest economy by identifying markets the billionaire has missed."
Link: Polish Treasury Moves Forward With Major IPO of the Year
"Poland’s Treasury will put on sale its entire 50% stake in the country’s fifth largest electricity producer ZE PAK in an IPO on the Warsaw Stock Exchange to be concluded in Q4 2012, as part of its PLN 10 billion privatization plan, ZE PAK said in a press statement on Wednesday."
Emerging Markets Daily
Link: Russia’s Potential Tax Changes Could Help Oil/Gas Sector
“Like Brazil and India, it seems like Russia’s government is taking its own steps to stimulate its economy and woo investors. The government is considering resolving a long-standing tax issues facing its oil and gas sector with moves like a five-year extension of East Siberian oil MET breaks and tax breaks for highly depleted, difficult to extract reserves along, as well as formula-based gas taxes that should benefit the likes of Gazprom
Link: Santandar’s Mexico Unit Raises $4 Billion in IPO
"Spain’s Banco Santander
(NYSE:SAN) raised more than $4 billion from sell shares in its Grupo Financiero Santander Mexico
(NYSE: BMX) unit, with the initial public offering valuing the Mexican bank at $16.5 billion. The IPO was the largest ever of a Mexican company and was the second-largest U.S. IPO this year behind Facebook
Link: US Lifting Ban on Myanmar Goods
“The United States will begin easing an import ban on goods from Myanmar, Secretary of State Hillary Clinton told Myanmar leader Thein Sein Wednesday, in a further lifting of sanctions on the country.”
Link: Volvo Looks to Emerging Markets to Boost Profits
“World No.2 truck maker Volvo
(PINK:VOLVY) plans to cut costs in mature markets such as Japan and push further into emerging markets as part of its long-awaited plans to boost profitability.”
Link: Strikers Halt Gold Production at AngloGold Ashanti Mines in South Africa
“Strikers, who have already halted operations at Anglo American Platinum
(PINK:APPY), have disrupted South Africa’s mining sector by stopping activity at all the mines of AngloGold Ashanti Limited
(NYSE:AU). South African mines contribute about 33% of AngloGold’s total worldwide gold production.”
Link: Reliance Eyes Orinoco Belt in Deal with PdV
"India’s Reliance Industries
(NSE:RELIANCE) and Venezuela’s PdV have signed energy cooperation agreements including a preliminary deal that could see Reliance spending billions of dollars in Venezuela’s Orinoco heavy-oil belt."
No positions in stocks mentioned.
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