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Best of the Blogs, Emerging Markets: Yahoo and Alibaba Close the Deal


Plus, is Vladimir Putin a Dictator?

Minyanville's daily roundup of some of the best financial commentary on emerging markets from around the Web.
Wall Street Journal: Deal Journal
"Yahoo (YHOO) finally reached a deal to sell some of its stake in Alibaba (ALBCF.PK) back to the Chinese company for about $7.1 billion, ending months and months of negotiations. The move, among those pushed for by activist investor Dan Loeb of Third Point, cashes in a significant chip for Yahoo in a complicated, multi-part deal. Wall Street appears to like the deal, though they are still waiting to see what happens with Yahoo management as a new permanent CEO is sought."
New York Times: Latitude
"There is a question I have been asked hundreds of times during the last three months. Sometimes it sounds like this: 'What do you think Putin is going to do once he becomes president?' Often it is a leading question: 'Don't you think Putin will institute reforms to pacify the opposition?' Rarely is it phrased in a way that gets to the root of the problem: 'Do you really mean to say that Putin is a dictator?'" (Also read Russian Companies Come Out Swinging After Election.)
Reuters: India Insight
"India is going through a rough patch. The common man knows it, foreign investors know it and so does our government. Finance Minister Pranab Mukherjee, who is also one of the contenders for the post of president, has been trying his best to clear the air and restore the confidence to get the economy back on track. In his recent Parliament speech, when he delayed the controversial GAAR norms, Mukherjee said new 'austerity measures' will be announced to aid the fiscal consolidation process."

Financial Times: BeyondBRICS
Link: Turkey: Sabre-Rattling Over Cyprus Gas
"The old adage that oil or gas always adds fuel to an international dispute is being revived on the divided island of Cyprus. The discovery last year by US-based Noble Energy (NBL) of a major gas field in an area of the Mediterranean in Cyprus's exclusive economic zone has predictably prompted a wave of interest from big oil and gas groups. And, equally predictably, it has brought warnings from Turkey about possible reprisals against those who do business with the internationally-recognised Republic of Cyprus, which is licensing new offshore acreage. "(For related content, see Emerging Nations Hurt by "Flight From Risk" -- Except Turkey.)

The Guardian: Sustainable Business
Link: Africa's Biggest Bank Takes a Sustainable Approach

"At 150 years of age, Standard Bank is one of South Africa's oldest companies and no stranger to thinking in the long term. The group's total assets of 1,497bn rand (£113bn) make it Africa's biggest bank, a heavy burden of responsibility in the world's poorest, least developed continent. Standard Bank's most recent sustainability report describes efforts to extend financial services, reduce environmental impact, support carbon trading schemes in Africa and, since 2007, help more than 300,000 South Africans on low incomes to buy homes." (Also read Four ETFs That Offer Partial Exposure to South Africa.)

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