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When this story broke today that John Hynansky received a taxpayer funded $20 MILLION loan to build two luxury car dealerships and expand others in the Ukraine, Conservatives decried it and Media Matters bashed Conservatives. Media Matters says the loan by Overseas Private Investment Corporation (OPIC) is not taxpayer funded. The truth is, it all depends on what the meaning of "self-funded" is. Photo: John Hynansky Hynansky is a close friend and contributor to Joe Biden's political adventurers as well as a contributor to Barack Obama, so a $20 MILLION loan with US taxpayer funding to be sent overseas, made a...

In "emerging markets" worldwide, currencies are falling because "emerging markets" are on the verge of a fall. Hyped until recently, "emerging markets" are now designated casualties of slower growth in "emerging market". Investors worry that the "emerging markets" monster China currency manipulation will surpass the "us lobby" capacity to buy off politically correct response. Many "economists" are confident that the U.S. economy can continue to be milked just like Europe's economy. Even so, the trouble in (non China) "emerging markets" is surprising and unsettling. "It's remarkable Three years ago Lima, was chosen to host an International Monetary Fund's meeting of...

With U.S. and global stock markets continuing to slide this week, the long-awaited market correction may be upon us. With the Japanese market sliding 4% overnight, it now looks like the current pullback may have more to go. As I wrote in January, the overwhelming optimism for U.S. markets at the start of the year had made me cautious. My favorite sentiment indicators were showing that the market was overbought. And in my mind, a pullback was always a matter of “when” rather than “if.” That said, it is worth keeping some perspective. With the S&P 500 still only...

SocGen: An Economic 'Perfect Storm' Is Brewing Rob WileFeb. 2, 2014, 8:46 PM    Last weekend at Davos, Nouriel Roubini told BI's Joe Weisenthal that it seemed markets had sailing into a perfect storm, resulting in lots of volatility. "...Between Chinese PMI of 50, Argentina letting its currency go, noises coming politically from Ukraine, Turkey, and Thailand … [the] contagion is not just within emerging markets but also affects advanced economies' equity markets. This evening Société Générale says, that, indeed it sure looks like we have. In a note to clients titled "Perfect Storm Brewing As Policy Turns,"...

U.S. stocks tanked on Friday, with investor sentiment slammed by increasing worries about trouble in emerging markets. "This is more of a geoeconomic kind of thing. The Friday dates plays into this, the end of the month plays into this, and it does appear emerging markets, one by one, will need to take additional central bank action over the next few days," said Jim Russell, senior equity strategist for U.S. Bank Wealth Management.

Asian equity markets are expected to kick off the week with losses after a sharp sell-off in emerging-market currencies last week spooked investors. Markets in Australia are closed to observe 'Australia Day.' Trade in Japanese stock futures indicate the benchmark Nikkei is set to extend declines following Friday's 2 percent fall. Osaka futures dropped 2.7 percent to 15,020, nearly 400 points below the Nikkei's previous close.

U.S. equity markets took a beating Friday as traders ditched stocks amid anxiety over a burgeoning crisis in emerging-market currencies. Today's Markets The Dow Jones Industrial Average sold off 318 points, or 2%, to 15879, the S&P 500 plummeted 38.2 points, or 2.1%, to 1791 and the Nasdaq Composite plunged 90.7 points, or 2.2%, to 4128. For the week, the Dow fell 3.5%, the S&P 500 dropped 2.6% and the Nasdaq slumped 1.7%. The Dow posted its worst week on a percent basis since November 2011, while the S&P 500 logged its worst week since June 2012. Traders have been...

Currency Massacre In Emerging Markets Jan. 24, 2014 12:40 PM ET Seeking Alpha Both Venezuela (socialist worker's paradise) and Argentina (nationalist socialist paradise) have a problem with their foreign exchange reserves. In both cases it stems from trying to keep up the pretense that their currencies are worth more than they really are. The central banks of both countries are (and have been for some time) printing money like crazy, and inflation is galloping with gay abandon. Their governments publish misleading economic statistics, that inter alia attempt to hide the true extent of the monetary debasement – in short,...

India’s rupee and Turkey’s lira both crashed to record lows on Thursday following the US Federal Reserve releasing minutes which signalled a wind-down of quantitative easing as soon as next month. Dilma Rousseff, Brazil’s president, held an emergency meeting on Thursday with her top economic officials to halt the real’s slide after it hit a five-year low against the dollar. The central bank chief, Alexandre Tombini, cancelled his trip to the Fed’s Jackson Hole conclave in order “to monitor market activity” amid reports Brazil is preparing direct intervention to stem capital flight. The country has so far relied on futures...

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/7df0e59c-f31b-11e0-8383-00144feab49a.html#ixzz1aPt44b7w Companies in the developed world are increasing their commitment to emerging markets at a faster rate than ever before. Faced with the prospect of stagnation (a combination of low growth and high inflation) – or worse – in the US, Europe and Japan, companies are plunging into the high-growth economies of Asia, eastern Europe, Latin America, and, increasingly, Africa. “Emerging markets...

"Sourcing goods in China purely because of ultra-low costs is a thing of the past,” said KPMG's Nick Debnam. In a new report title Product Sourcing In Asia Pacific, KPMG notes China's disadvantages include rising labor costs and an aging workforce. Of the 11 countries discussed, China has the oldest population with a median age of 34. More companies are turning to Indonesia and Vietnam for footwear manufacturing. India's specializations in hand stitched fabrics and metalware have made it a major alternative to China. Cambodia and Bangladesh are experiencing a booming export industry thanks to favorable trade agreements with the...

Harold Macmillan, the prime minister who watched US power rise as the British empire crumbled, used to say that Britain would play ancient Greece to America’s Rome. These days it looks as if Rome is declining too. The US finds it increasingly hard to drive forward its vision of international trade and economics over the objections of big emerging-market countries.

Intensifying social unrest in Egypt battered markets worldwide Friday. iShares MSCI Turkey(TUR) led the global selloff and tanked nearly 7%. It broke below its 200-day moving average — a bearish development — to its lowest price in six months. Market Vectors Africa Index(AFK) and iShares MSCI South Africa Index(EZA) both crashed nearly 5% to four-month lows. Market Vectors Egypt Index(EGPT) fell 4.4% for a 14% loss for the week. It’s the largest one-week loss since it started trading 11 months ago.

Top 5 Graphs Show Emerging Markets Lead the Global Recovery by: Econ Grapher June 06, 2010 This week we look at the surging growth in the Indian economy, continued improvement in the GDP results from Australia, a strengthening recovery in the Canadian economy, and monetary policy decisions by Australia and Canada, and finish up with a look at the US nonfarm payroll figures which showed strong census hiring and not much else. The main theme we see is global growth being led by emerging markets, with a select few developed economies in close pursuit, while other developed economies continue to...

SINGAPORE -- The economic recovery that rocketed through Asia starting last year has been felt in the usual ways -- a thickening parade of cargo ships around this trade-driven city-state, rising real estate and stock prices -- but it was demand for personal computers in Indonesia that caught the attention of executives at computer memory maker Showa Denko. Even with U.S. and European consumers controlling their spending because of fears over the economy, the company boosted production and began building new manufacturing lines on the basis of expected growth in Asia. That dynamic shows the contours of the post-crisis global...

THE NEXT DECADE: China Collapse, Global Labor Shortages, New American Dominance Lawrence Delevingne Jan. 22, 2010, 9:07 AM What will the next decade bring for the world? STRATFOR has the answers. In a Decade Forecast released yesterday, the global intelligence company predicts Chinese economic collapse, game-changing global labor shortages, and continued American dominance because of a gradual retreat from international engagement. Welcome to 2010. We spoke with Peter Zeihan, Vice President of Strategic Intelligence, about STRATFOR's predictions, of which he was an author. Below are edited excerpts from our conversation. TBI: What are the broad trends that Stratfor sees shaping...

Bloomberg is link only. Emerging-Market `Panic' May End as Profits Spur 20% Stock Gain There is a bright side to the dismal market, if you have some money to spend.

Cars prices have accelerated steadily for the last decade, thanks to an increasing reliance on technology and ever-more luxurious interiors. Even a compact car can easily cost more than $20,000. Shifting into reverse, French auto maker Renault decided in 1998 to design a modern car with state-of-the-art safety features costing only 5,000 euros [$6,000]. Renault's strategy was to create a car for people in emerging markets who have never owned an automobile -- some 80% of the world's population. But when the $6,000 Logan was unveiled last fall, it wowed West Europeans, too. This June, the much-in-demand Logan, which sells...

World's 10 best airports and lounges The United States lags far behind Asia in a ranking of the best airports and airline lounges. May 13, 2005: 4:10 PM EDT By Gordon T. Anderson, CNN/Money staff writer NEW YORK (CNN/Money) - Ever waited out a snowstorm at O'Hare? Tried to change terminals at Dallas-Ft. Worth? Stood in the international arrivals line at JFK? Then you know that a typical U.S. airport occupies its own particular circle of hell. But take heart, weary traveler. Somewhere, there are airports where passengers are viewed as customers, not cattle. Imagine big, airy terminals, with convenient...

NEW YORK (Dow Jones)--Emerging market shares trading in New York were struggling to get a clear direction early Thursday afternoon in thinly traded volumes ahead of the holidays. Most Latin American stocks were heading south except for some Brazilian ones, and among Asian shares, Indonesia and Taiwan were making moderate gains. Traders said stocks here were generally tracking their domestic counterparts. Meanwhile, Russia's biggest shares were posting substantial gains, with the country's largest mobile operator Mobile Telesystems (MBT), or MTS, rising 4.1% to $123.91 after Germany's Deutsche Telekom (DT) said it would sell a 12% stake in the company. The...