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Emerging markets beaten back in August as China chills the mood

NEW YORK/LONDON: Higher global interest rates, difficulties in China, a stronger dollar plus another coup in Africa this week have slammed the brakes on what is still a solid run for emerging market assets this year. SHOCK FOR THE STOCKS MSCI's 24-country emerging markets (EM) stocks index is d
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Analysis: Investors see long wait for enlarged BRICS' economic boon

Investors sceptical larger BRICS will lead to investment boom Saudi Arabia, UAE, Iran among those joining club Fuels speculation oil producers to switch to non-USD trade The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc's
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