Miss anything? Here’s the week in emerging markets as seen on beyondbrics, featuring our top stories, a few things we have learnt, and the week in a chart – this week, the Egyptian pound.
Most read this week:
- Roussolph the red-nosed reindeer
- China rail: high speed from Beijing to Guangzhou opens
- beyondbrics quiz of the year
- Chart of the week: stock exchange winners and losers of 2012
- Chinese rating agency Dagong warns on US fiscal cliff
- Argentina: keeping the squeeze going
- Mexico: the ‘unwinnable’ war
- Putin in India: choppers and finance
- 10 of the best: beyondbrics most popular guest posts of 2012
- [snap]: Mexico stocks hit record high
Five things we learned this week:
- The Chinese drink a lot more wine than they did a decade ago – ten times as much.
- The Polish Christmas tradition of keeping carp in the bathtub is under pressure.
- Chile’s credit rating with S&P is on a par with China and Japan – and way ahead of Brazil.
- There are far more passive investors in EM-based companies than in developed market counterparts.
- Beijing to Guangzhou now takes under 10 hours by train.
The week in one chart:
Egypt had another shaky week, with an S&P downgrade and a cancelled debt sale. Here’s the Egyptian pound to the US dollar, hitting its lowest value since 2004: