NEW YORK, Nov 13 (Reuters) - MSCI Inc on Tuesday said it would add several onshore Chinese stocks to its closely watched and widely duplicated emerging-markets index. As part of its semi-annual review, the financial data company said it would add S.F. Holding Co Ltd, 360 Security Technology Inc and China Shipbuilding Industry Corp to the indexes. MSCI has been broadening exposure to stocks traded onshore in the country to its indexes. (Reporting by Trevor Hunnicutt Editing by Chris Reese) … [Read more...] about MSCI adds more China stocks to global emerging markets index
Emerging market countries
The recently introduced new Ford Territory is not looking like a China-only project anymore. The Blue Oval has shipped it to Brazil to gauge the response from South American customers at the 2018 Sao Paulo Auto Show next month. This week, Ford conducted a preview of the vehicle for Brazilian journalists.Ford has said that in emerging markets where customers can’t afford to pay for models underpinned by one of its five global architectures, it will have to tap into its JV partners and some of its alliances to cater them. It is reported that Ford is applying the “Emerging Market Operating Model (EMOM)”, a cost-cutting exercise through alliances, outsourcing technologies, local joint ventures, platform sharing, etc, and the Territory is an outcome.Latin America and India have a lot of similarities when it comes to low-cost cars, particularly Ford makes the same B-Segment vehicles in the two countries. If Ford finds the Territory suitable in place of the Ford Kuga for … [Read more...] about Ford hints at capitalising the new Territory for other emerging markets, will India get it?
Ellen Milligan, Bloomberg Published 8:21 am CDT, Monday, August 13, 2018 Photo: Petros Giannakouris, STF Image 1of/1 CaptionClose Image 1 of 1 Turkey's President Recep Tayyip Erdogan. Turkey's President Recep Tayyip Erdogan. Photo: Petros Giannakouris, STF Oil slips as emerging-market fears escalate amid Turkey crisis 1 / 1 Back to Gallery Oil fell as Turkey's economic strife sparked an emerging-market sell-off, fueling fears of broader market turmoil. West Texas Intermediate futures dropped 0.4 percent. The Turkish lira extended declines to a record low, sending tremors across global markets and spurring a shift to haven assets. OPEC published its monthly report, showing the group's output increased in July. Turkey's currency has been a casualty of a deepening crisis spurred by the administration's … [Read more...] about Oil slips as emerging-market fears escalate amid Turkey crisis
Formula One has partnered with satellite radio broadcaster Sirius XM to open an office in New York as part of a drive to expand its presence in the United States. Currently, only one of F1’s 21 races is held in the country — the U.S. Grand Prix which takes place in October in Austin, Texas. However, the Miami City Commission will vote Thursday on whether to give the green light to a Grand Prix on the streets of the coastal city which could be held as soon as 2019. F1’s new office could help get the race to the finish line and boost the exposure of the sport in the U.S. It was rumored last year that F1 would open a satellite office in the U.S. and this has now been revealed in documents from Sirius XM which is 70 percent owned by Liberty. They state that “in January 2018, we entered into an agreement with Liberty Media to license approximately 800 square feet of space and provide office services in one of our New York offices for use by Formula One, a subsidiary … [Read more...] about Formula 1 opens office in New York as possible show of expanded commitment to US market
Not quite a year into its second stint as a publicly traded company, Laureate Education is preparing to install its second-ever CEO, who will have the challenge of lifting the company out of debt while pursuing aggressive growth.Eilif Serck-Hanssen will succeed longtime Laureate CEO Doug Becker on Jan. 1.He said the Baltimore-based company, which owns and operates a network of international for-profit universities, plans to accomplish its goals by leaving less profitable markets, while developing a technology platform that will allow Laureate to tap into new, emerging markets with growing demand for low-cost education."We want to lift the economic prosperity in the areas we are serving, and we think there's a huge and strong correlation between the growth of the middle class and the growth of higher education," said Serck-Hanssen, a former airline executive who joined Laureate in 2008 as chief financial officer. "To be able to do that, we need to have a sustainable company … [Read more...] about Laureate Education eyes growth in emerging markets