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Emerging Markets: Brazil's Acu Superport Is Strapped for Cash


Plus, Greek exports are in positive territory for the first time since 2008.

This column highlights some of the best financial commentary on emerging markets from around the Web.

Link: Brazil's Acu Superport Learning That Money Actually Isn't the Easy Part

"Billionaire Eike Batista is struggling to reach his goal of luring $40 billion to an industrial port complex in Rio de Janeiro state after Nissan Motor Co. (PINK:NSANY) pulled out, Anglo American Plc (PINK:AAUKY) delayed a project and talks with Ternium SA (NYSE:TX) failed to produce a deal....A preliminary accord between Ternium, the steelmaker indirectly controlled by billionaire Paolo Rocca's family, and Batista's logistics unit LLX Logistica SA (PINK:LLXLY) to build a mill at the Acu super-port project expired Sept. 30."

Wall Street Journal
Emerging Markets Currencies Strengthen After US Data
"Emerging-market currencies strengthened Monday as a slew of economic data painted a mostly positive view of global growth...In a sign that US consumers are optimistic about economic recovery, US retail sales rose for a third-straight month in September to 1.1% and August's reading was revised up to 1.2%..."
Link: Standard Chartered in $100m Africa Push

"The emerging markets bank says it will invest over $100m in Africa over the next three years....Standard Chartered (LON:STAN) is looking to consolidate its emerging markets dominance by pouring $100m into Africa by 2015. The London-headquartered bank says it can double its income from the continent - currently at $1.3bn, or 8% of total group profits - over the next five years."

Bernanke: Fed Policies to Help Emerging Markets
"In a speech Sunday, Bernanke disagreed with criticism that the Fed's efforts to drive US interest rates lower could result in higher inflation in emerging markets or trigger a destabilizing flood of investment money into those nations."

Link: Mexico Stocks Hit New High; Brazil at Key Level

"Latin American stocks rose Monday as strong economic data in the United States and China pushed Mexican stocks to an all-time high and drove Brazil's main index to a level that could spur profit taking....The MSCI Latin American stock index rose a modest 0.64%."

ETF News Daily
Link: Emerging Global Advisors to Begin Trading the EGShares Emerging Markets CORE ETF Tuesday, October 16, 2012

"Emerging Global Advisors has announced that they will begin trading The EGShares Emerging Markets CORE ETF (NYSEARCA:EMCR) Tuesday, October 16, 2012. The EGShares Emerging Markets CORE ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of the S&P Dow Jones Emerging Markets Core Index."

4 Reasons to Invest in Emerging Market Bonds (From DoubleLine Capital)
"Emerging market credit spreads have shrunk by 30% since the financial crisis, while the spreads on many developed market bonds have widened significantly. Why have emerging market bonds done so well?...Luz Padilla, portfolio manager of the DoubleLine Emerging Markets Fixed Income Fund (MUTF:DBLEX) made a strong case for emerging market bonds during a conference call Learn Bonds participated in on October 9, 2012."

Seeking Alpha
Developed Country Dividend Plays to Capitalize in Emerging Market Growth
"Although weaker than had been expected, emerging-market growth is exceeding growth in developed economies. According to the International Monetary Fund, the total GDP of emerging markets (measured on a purchasing power parity basis) is forecast to surpass that of the developed economies by 2014....Philip Morris International (NYSE:PM) derives as much as 61% of its revenues from Asia, Eastern Europe, Middle East & Africa..."

Emerging Markets Daily
Taking a Closer Look at South Africa Labor Unrest
"In fact, on Sunday, Reuters' David Dolan reported that South Africa Central Bank's deputy governor said two months of labor unrest will likely force the country to reassess its economic growth forecasts. The Bank's latest forecasts called for 2.6% growth this year....The iShares MSCI South Africa Index fund (NYSEARCA:EZA) is up slightly at $63.80 in afternoon trading."

Scotiabank Takes Aim at Mexico's Middle Class
"Bank of Nova Scotia's (NYSE:BNS) new chief in Mexico, Troy Wright, is enthusiastic about the growing purchasing power of Mexico's middle class. 'We see a lot of opportunity right now to really start to drive a lot more of the business, and take advantage of people's credit health," he told Bloomberg this week....'"

Forex Flash: Emerging Markets Fixed Income Funds Record Largest Inflow In...
"Flows into Emerging Markets (EM) Fixed Income funds, as tracked by EPFR, were very impressive in the week ending 10 October 2012 at +0.97% of Assets Under Management (AUM) - this was the largest recorded inflow for seven months..."
Data Uptick Raises Glimmers of Hope
"Greek exports pushed up industrial output by 2.5% in August, the first positive reading since April 2008, with some economists saying this was due to the country becoming more competitive because of the drastic fall in salaries since the crisis hit."

Twitter: @brokawbrokaw
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