http://blogs.ft.com/beyond-brics Beyond Brics - news and comment on the BRICs countries and other emerging markets - FT.com Fri, 17 May 2013 11:30:44 +0000 en hourly 1 http://blogs.ft.com/beyond-brics/2013/05/17/chinas-protesters-winning-battles/ http://blogs.ft.com/beyond-brics/2013/05/17/chinas-protesters-winning-battles/#comments Fri, 17 May 2013 11:30:44 +0000 Patti Waldmeir http://blogs.ft.com/beyond-brics/?p=1324102 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Songjiang-protests.jpg"><img class="alignleft size-medium wp-image-1324152" title="" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Songjiang-protests-167x111.jpg" alt="" width="167" height="111" /></a>Even in China, David sometimes beats Goliath – though it’s sometimes hard to be sure.</p> <p>This week, residents of Songjiang – a suburb of Shanghai which has gained fame around the world for having over 10,000 <a title="Shanghai pig pollution: more ‘pork chop soup’ to come? - beyondbrics" href="http://blogs.ft.com/beyond-brics/2013/03/14/shanghai-pig-pollution-more-pork-chop-soup-to-come/" target="_blank">dead pigs floating in its water supply</a> – found that though they could not vanquish the porcine invader, they had scared away an intruder from the corporate world. Shanghai Guoxuan High-Tech Power Energy company said it was <a title="Songjiang battery project fizzles in protest - Shanghai Daily" href="http://www.shanghaidaily.com/nsp/Metro/2013/05/15/Songjiang%2Bbattery%2Bproject%2Bfizzles%2Bin%2Bprotest/" target="_blank">abandoning plans for a battery factory</a> in Songjiang, after residents protested on the streets and on the internet against it. </p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/chinas-protesters-winning-battles/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/5FZjdVxDRkM" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/chinas-protesters-winning-battles/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/new-york-headlines-779/ http://blogs.ft.com/beyond-brics/2013/05/17/new-york-headlines-779/#comments Fri, 17 May 2013 10:50:22 +0000 beyondbrics http://blogs.ft.com/beyond-brics/?p=1323892 <p>* China’s State Grid secures more Australian assets</p> <p>* US-China audit fight: Armageddon averted?</p> <p>* Yahoo spared $2.7bn Mexican damages</p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/new-york-headlines-779/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/Zvnd9U-3QSM" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/new-york-headlines-779/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/china-property-bigger-index-bigger-bubble/ http://blogs.ft.com/beyond-brics/2013/05/17/china-property-bigger-index-bigger-bubble/#comments Fri, 17 May 2013 10:44:49 +0000 Simon Rabinovitch http://blogs.ft.com/beyond-brics/?p=1323702 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/bubble-artist.jpg"><img class="alignleft wp-image-1324002" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/bubble-artist-167x204.jpg" alt="" width="135" height="166" /></a>China’s property market is suddenly looking a whole lot hotter.</p> <p>A new housing index covers more cities than any other available gauge, reaching into many of the smaller towns where development has been most frenetic. And lo and behold it has produced a striking conclusion: that property prices are rising twice as fast as official data suggests.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/china-property-bigger-index-bigger-bubble/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/lYB88EjbkNE" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/china-property-bigger-index-bigger-bubble/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/further-reading-myanmars-uneasy-alliance/ http://blogs.ft.com/beyond-brics/2013/05/17/further-reading-myanmars-uneasy-alliance/#comments Fri, 17 May 2013 09:39:45 +0000 beyondbrics http://blogs.ft.com/beyond-brics/?p=1323432 <p><em>Friday&#8217;s picks from beyondbrics: Aung San Suu Kyi and the ex-generals must overcome their past; Qatar</em> <em>is being nudged aside by Saudi Arabia as a main source of arms for Syrian rebels; and Tony Hayward resurfaces. </em><em>Plus: what&#8217;s &#8220;going right&#8221; in China; </em><em>Kunming’s unstoppable environmental protests; </em><em>local brands take the fight to multinationals over consumer spending in sub-Saharan Africa; and debt recovery laws are a must for India&#8217;s co-operatives.</em></p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/further-reading-myanmars-uneasy-alliance/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/uSPUkb6Q8x8" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/further-reading-myanmars-uneasy-alliance/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/ugly-row-at-shanghai-beauty-group/ http://blogs.ft.com/beyond-brics/2013/05/17/ugly-row-at-shanghai-beauty-group/#comments Fri, 17 May 2013 09:06:28 +0000 Lydia Guo http://blogs.ft.com/beyond-brics/?p=1323232 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Ge-Wenyao.jpg"><img class="alignleft wp-image-1323602" title="Photo: Bloomberg" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Ge-Wenyao-167x261.jpg" alt="" width="134" height="209" /></a>Disputes between managers and shareholders aren’t new in Communist China. But now a public row has erupted in one of the country’s oldest businesses – a one-hundred year-old cosmetics manufacturer called <a title="Shanghai Jahwa website" href="http://www.jahwa.com.cn/en/">Shanghai Jahwa</a>.</p> <p>Shanghai Jahwa’s predecessor was Hong Kong Kwong Sang, a company that made its name with Shanghai Vive toilet water, a so-called secret weapon of pre-Revolutionary Shanghai ladies.</p> <p><a title="Shanghai Jahwa tearsheet" href="http://markets.ft.com/research/Markets/Tearsheets/Summary?s=600315:SHH">But the Shanghai-listed company</a> is now making headlines for a different reason: an internal conflict between its top managers and its controlling shareholder Ping An Trust, a subsidiary of Ping An Insurance, the big Chinese insurer.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/ugly-row-at-shanghai-beauty-group/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/OsjdZlDHfM8" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/ugly-row-at-shanghai-beauty-group/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/emerging-consumers-take-a-breather/ http://blogs.ft.com/beyond-brics/2013/05/17/emerging-consumers-take-a-breather/#comments Fri, 17 May 2013 08:49:37 +0000 Paul J Davies http://blogs.ft.com/beyond-brics/?p=1323222 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Renner.jpg"><img class="alignleft size-medium wp-image-1323492" title="Photo: Bloomberg" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Renner-167x111.jpg" alt="" width="167" height="111" /></a>From Bangkok to Rio, a new-found desire for keeping up with the Joneses among hundreds of millions of people has been helping to keep the world afloat.</p> <p>But the emerging consumers of Asia, eastern Europe and Latin America are all showing signs of slowing their scramble for <a title="Ermenegildo Zegna sees slowdown in China - FT" href="http://www.ft.com/intl/cms/s/0/a89ea6b0-b338-11e2-95b3-00144feabdc0.html" target="_blank">clothes</a>, white goods, <a title="Indian car market extends bad run - FT" href="http://www.ft.com/intl/cms/s/0/44c171a0-b954-11e2-9a9f-00144feabdc0.html" target="_blank">cars</a> and so on. Daniel Martin at Capital Economics reckons many of them have had to change down a gear for the foreseeable future. The problem is, you guessed it, debt.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/emerging-consumers-take-a-breather/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/NV3aMWlDmeA" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/emerging-consumers-take-a-breather/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/london-headlines-769/ http://blogs.ft.com/beyond-brics/2013/05/17/london-headlines-769/#comments Fri, 17 May 2013 04:22:15 +0000 beyondbrics http://blogs.ft.com/beyond-brics/?p=1323102 <p>* Uruguay’s José Mujica lauds booming Brazil ties</p> <p>* Mexico banks on stronger economic growth later this year</p> <p>* Iran’s nuclear negotiator will ‘resist’ west if elected president</p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/london-headlines-769/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/yvNRbitOGUs" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/london-headlines-769/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/carlos-slim-worlds-richest-man-no-more/ http://blogs.ft.com/beyond-brics/2013/05/17/carlos-slim-worlds-richest-man-no-more/#comments Fri, 17 May 2013 02:39:04 +0000 Adam Thomson http://blogs.ft.com/beyond-brics/?p=1323042 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2012/06/Carlos-Slim-March-2011.jpg"><img class="alignleft size-medium wp-image-749471" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2012/06/Carlos-Slim-March-2011-167x107.jpg" alt="" width="167" height="107" /></a>Almost like Pavlov’s dogs, journalists and business commentators covering <a title="Mexico’s mogul with an eye for a bargain - FT" href="http://www.ft.com/intl/cms/s/0/5ab55050-9aa4-11e1-9c98-00144feabdc0.html" target="_blank">Carlos Slim</a> only have to mention the name before they find themselves following it with the phrase “the world’s richest man”. But as of this week, the Slim watchers out there are going to have to resist their conditioned response.</p> <p>On Thursday, <a title="Bill Gates Retakes World’s Richest Title From Carlos Slim - Bloomberg" href="http://www.bloomberg.com/news/2013-05-16/bill-gates-retakes-world-s-richest-title-from-carlos-slim.html" target="_blank">Bloomberg reported</a> that the Mexican telecoms tycoon had been toppled from the number-one spot on the news agency’s all-time rich list. And guess who’s back in front&#8230;.yep, it’s Bill Gates.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/carlos-slim-worlds-richest-man-no-more/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/aFEBHtUWtFM" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/carlos-slim-worlds-richest-man-no-more/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/us-china-audit-fight-armageddon-averted/ http://blogs.ft.com/beyond-brics/2013/05/17/us-china-audit-fight-armageddon-averted/#comments Thu, 16 May 2013 23:59:39 +0000 Pan Kwan Yuk http://blogs.ft.com/beyond-brics/?p=1322932 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Armageddon.jpg"><img class="alignleft size-medium wp-image-1323012" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Armageddon-167x111.jpg" alt="" width="167" height="111" /></a>Remember the tiff between US and Chinese regulators over accounting regulatory standards? You know, the one that resulted in the <a title="Audit firms face SEC China crackdown - FT" href="http://www.ft.com/intl/cms/s/0/6ee44ace-3d6d-11e2-9f35-00144feabdc0.html#axzz2TOrH7Ul7" target="_blank">SEC charging the Chinese affiliates of the Big Four audit firms (plus BDO)</a> with violating US securities law after the five firms allegedly refused to turn over audit work related to nine Chinese companies being investigated for potential accounting fraud?</p> <p>Well, after a 10-month stand off, it looks like some progress is finally being made to avoid an accounting Armageddon that could have led to the wholesale delisting of Chinese companies on US stock exchanges. </p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/us-china-audit-fight-armageddon-averted/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/D15SR4PzJwY" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/us-china-audit-fight-armageddon-averted/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/17/peru-a-new-kind-of-corporate-tax/ http://blogs.ft.com/beyond-brics/2013/05/17/peru-a-new-kind-of-corporate-tax/#comments Thu, 16 May 2013 23:00:18 +0000 Naomi Mapstone http://blogs.ft.com/beyond-brics/?p=1322952 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2012/03/90158125.jpg"><img class="alignleft size-medium wp-image-653071" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2012/03/90158125-167x105.jpg" alt="" width="167" height="105" /></a>As Google, Starbucks and Amazon have learned to their detriment, companies that take advantage of legal tax-avoidance schemes such as the “Dutch sandwich” and the “double Irish” are right up there with bankers in the public’s estimation.</p> <p>Peru’s tax office, Sunat, has found a way to help make the medicine go down, it seems, giving companies the option of paying part of their tax bill in the form of regional infrastructure works in some of the countries’ poorest regions.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/17/peru-a-new-kind-of-corporate-tax/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/YKiTnXEuF5Q" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/17/peru-a-new-kind-of-corporate-tax/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/investments-in-mexico-pay-off-for-japanese-carmakers/ http://blogs.ft.com/beyond-brics/2013/05/16/investments-in-mexico-pay-off-for-japanese-carmakers/#comments Thu, 16 May 2013 21:50:01 +0000 Eduardo García http://blogs.ft.com/beyond-brics/?p=1322812 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/nissan-factory.jpg"><img class="alignleft size-medium wp-image-1322882" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/nissan-factory-167x111.jpg" alt="" width="167" height="111" /></a>Japanese carmakers have been pouring money into Mexico in recent years.</p> <p>Squeezed by higher production costs as a result of the weak yen, many have set up production lines in Mexico, lured by the <a title="Mexican labour: cheaper than China - beyondbrics" href="http://blogs.ft.com/beyond-brics/2013/04/05/made-in-mexico-now-cheaper-than-china/" target="_blank">country&#8217;s inexpensive labour</a> and easy access to the key North American market.</p> <p>In fact, so modern and cost-effective are their Mexican operations that General Motors, the leading US carmarker, this week <a title="Nissan to Supply Cargo Vans to General Motors - Bloomberg" href="http://www.bloomberg.com/news/2013-05-14/nissan-to-supply-cargo-vans-to-general-motors.html" target="_blank">tapped Nissan to help it build small cargo vans</a> to sell in the US and Canada.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/16/investments-in-mexico-pay-off-for-japanese-carmakers/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/4ZWjpqdEM8M" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/investments-in-mexico-pay-off-for-japanese-carmakers/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/uruguay-more-brazil-less-argentina-please/ http://blogs.ft.com/beyond-brics/2013/05/16/uruguay-more-brazil-less-argentina-please/#comments Thu, 16 May 2013 19:44:15 +0000 Jude Webber http://blogs.ft.com/beyond-brics/?p=1322522 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/02/brazil-flag1.jpg"><img class="alignleft size-medium wp-image-1168422" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/02/brazil-flag1-167x112.jpg" alt="" width="167" height="112" /></a>Uruguay’s leftist former guerrilla president, José Mujica, is renowned for telling it like it is. Which is why he doesn’t mince his words, <a title="Uruguay’s José Mujica lauds booming Brazil ties - FT" href="http://www.ft.com/intl/cms/s/0/7f1c0e2c-be1e-11e2-bb35-00144feab7de.html" target="_blank">in an interview with the Financial Times</a>, highlighting why he is working on port and rail plans with one of his big neighbours, Brazil and, er, nothing with the other, Argentina.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/16/uruguay-more-brazil-less-argentina-please/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/pWEfV85Oz7I" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/uruguay-more-brazil-less-argentina-please/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/snap-turkey-gets-second-investment-grade/ http://blogs.ft.com/beyond-brics/2013/05/16/snap-turkey-gets-second-investment-grade/#comments Thu, 16 May 2013 19:33:37 +0000 beyondbrics http://blogs.ft.com/beyond-brics/?p=1322712 <p>Moody&#8217;s on Thursday raised Turkey&#8217;s government bond rating by one notch from Ba1 to Baa3, making it the second rating agency to award the country with an investment grade.</p> <p><a title="Fitch raises Turkey to investment grade - FT" href="http://www.ft.com/cms/s/0/9e2c38dc-2742-11e2-9863-00144feabdc0.html" target="_blank">Fitch gave Turkey investment grade</a> last November while Standard &amp; Poor&#8217;s lifted its rating from BB to BB+, or one step short of investment grade, in March.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/16/snap-turkey-gets-second-investment-grade/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/hYVjYYQUbC8" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/snap-turkey-gets-second-investment-grade/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/think-potholes-in-ny-are-bad-you-havent-been-to-hungary/ http://blogs.ft.com/beyond-brics/2013/05/16/think-potholes-in-ny-are-bad-you-havent-been-to-hungary/#comments Thu, 16 May 2013 18:39:49 +0000 Kester Eddy http://blogs.ft.com/beyond-brics/?p=1322542 <blockquote><p><em>I read the news today, Oh boy<br /> </em><em>200 hundred holes in roads in Hungary,<br /> </em><em>Unlike Blackburn, these holes are not so small,<br /> </em><em>They&#8217;ve had to map them all,<br /> </em><em>Enough to drive Generali up the wall.</em></p> <p><em>(Apologies to Lennon &amp; McCartney. )</em></p></blockquote><a href="http://blogs.ft.com/beyond-brics/2013/05/16/think-potholes-in-ny-are-bad-you-havent-been-to-hungary/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/hpK6F5kF1JY" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/think-potholes-in-ny-are-bad-you-havent-been-to-hungary/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/south-africa-rand-under-pressure/ http://blogs.ft.com/beyond-brics/2013/05/16/south-africa-rand-under-pressure/#comments Thu, 16 May 2013 16:10:52 +0000 Stefan Wagstyl http://blogs.ft.com/beyond-brics/?p=1322322 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/EditorialChart4.jpg"><img class="alignleft size-full wp-image-1322332" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/EditorialChart4.jpg" alt="" width="167" height="96" /></a>Battered by falling metal prices and labour unrest, the South African rand touched a four-year low on Thursday of 9.3836 to the US dollar.</p> <p>And with the mining industry suffering strikes, the economy sluggish and credit rating agencies nervously eyeing the country&#8217;s finances, the currency could have further to fall.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/16/south-africa-rand-under-pressure/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/27skHpa3Uio" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/south-africa-rand-under-pressure/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/special-report-brazil-the-us-2013/ http://blogs.ft.com/beyond-brics/2013/05/16/special-report-brazil-the-us-2013/#comments Thu, 16 May 2013 15:50:08 +0000 beyondbrics http://blogs.ft.com/beyond-brics/?p=1321992 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/brazil-and-the-us1.jpg"><img class="alignnone wp-image-1322212" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/brazil-and-the-us1-391x220.jpg" alt="" width="235" height="132" /></a>&#8220;The growing sense of bonhomie between the two countries makes sense,&#8221; writes Joe Leahy, the FT&#8217;s Brazil bureau chief, in a new FT Report: <a title="Brazil &amp; the US 2013 - FT" href="http://www.ft.com/reports/brazil-us-2013">Brazil &amp; the US 2013</a>.</p> <p>Brazil, he writes, offers the US a friendly face in an increasingly multipolar world, while for Brazil, the US is an ever-more-important partner in its effort to become more internationally-competitive and escape the middle-income trap in which it has languished for decades.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/16/special-report-brazil-the-us-2013/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/fDF_td15oCI" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/special-report-brazil-the-us-2013/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/india-new-options-for-dealmakers/ http://blogs.ft.com/beyond-brics/2013/05/16/india-new-options-for-dealmakers/#comments Thu, 16 May 2013 14:37:25 +0000 Avantika Chilkoti http://blogs.ft.com/beyond-brics/?p=1320662 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Kapil-Sibal-Indias-law-minister.jpg"><img class="alignleft wp-image-1322112" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Kapil-Sibal-Indias-law-minister-167x200.jpg" alt="" width="117" height="140" /></a>After <a title="Vodafone conciliation: legal but unlikely - beyondbrics" href="http://blogs.ft.com/beyond-brics/2013/05/15/vodafone-conciliation-legal-but-unlikely/" target="_blank">overturning his predecessor&#8217;s decision on the Vodafone case</a> on Wednesday, India&#8217;s new Law Minister, Kapil Sibal, has brought about another change that might reassure foreign investors.</p> <p>Indian companies will now be able to use put and call options in M&amp;A and private equity transactions, adding flexibility and clarity to the deal-making process.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/16/india-new-options-for-dealmakers/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/akjG00-3kQM" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/india-new-options-for-dealmakers/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/czech-miner-nwr-raked-over-the-coals/ http://blogs.ft.com/beyond-brics/2013/05/16/czech-miner-nwr-raked-over-the-coals/#comments Thu, 16 May 2013 14:26:08 +0000 beyondbrics http://blogs.ft.com/beyond-brics/?p=1321792 <p><em><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/NWR-miners.jpg"><img class="alignleft size-medium wp-image-1322052" title="Photo: Bloomberg" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/NWR-miners-167x111.jpg" alt="" width="167" height="111" /></a>By Nicholas Watson of <a href="http://www.bne.eu/" target="_blank">bne</a></em></p> <p>When the new chairman of Czech coal miner <a title="Czech NWR looks further afield - beyondbrics" href="http://blogs.ft.com/beyond-brics/2013/02/27/new-world-resources-looks-further-afield/" target="_blank">New World Resources warned back in February</a> that the first part of 2013 was going to be challenging, few probably envisaged it would be quite as bad as this. But on May 16, NWR revealed that <a title="NWR Q1 2013 results statement" href="http://www.newworldresources.eu/en/media/press-releases/2013/unaudited-q1-2013-results-and-business-optimisation-steps" target="_blank">it made another record loss</a> in the first quarter and said it would take a series of measures worth €100m to bolster its finances.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/16/czech-miner-nwr-raked-over-the-coals/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/lv6kHEMACc4" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/czech-miner-nwr-raked-over-the-coals/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/poland-cistercian-monks-go-to-market/ http://blogs.ft.com/beyond-brics/2013/05/16/poland-cistercian-monks-go-to-market/#comments Thu, 16 May 2013 14:18:16 +0000 Jan Cienski http://blogs.ft.com/beyond-brics/?p=1321712 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Cistercian-monk.jpg"><img class="alignleft wp-image-1321972" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/05/Cistercian-monk-167x306.jpg" alt="" width="121" height="221" /></a>Jesus never came across as a big fan of markets – as he showed when he chased the moneychangers from the Temple – but now a group of Polish monks is looking to enter, albeit indirectly, into Mammon’s unholy precincts by floating on the Warsaw Stock Exchange.</p> <p>A company called Produkty Klasztorne (Monastery Products), which pays Cistercian monks a licensing fee to use their trademark, recipes, and raw materials, <a href="http://newconnect.pb.pl/3128605,8597,cystersi-ida-na-gielde"> is listing on the exchange&#8217;s smaller companies&#8217; alternative market</a>.</p> <a href="http://blogs.ft.com/beyond-brics/2013/05/16/poland-cistercian-monks-go-to-market/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/AhH_K1pq-MA" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/poland-cistercian-monks-go-to-market/feed/ 0 http://blogs.ft.com/beyond-brics/2013/05/16/corporate-watch-bollywood-by-mobile/ http://blogs.ft.com/beyond-brics/2013/05/16/corporate-watch-bollywood-by-mobile/#comments Thu, 16 May 2013 13:38:47 +0000 Avantika Chilkoti http://blogs.ft.com/beyond-brics/?p=1310782 <p><a href="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/03/bollywood-night.jpg"><img class="alignleft size-medium wp-image-1223132" src="http://blogs.r.ftdata.co.uk/beyond-brics/files/2013/03/bollywood-night-167x125.jpg" alt="" width="167" height="125" /></a>A company that launched on April Fool&#8217;s Day and takes its name from the Hindi word for chaos doesn&#8217;t sound like a winner.</p> <p>But in its 14 years <a title="Hungama Digital Media Entertainment Private Ltd - homepage" href="http://www.hungama.org/" target="_blank">Hungama Digital Media Entertainment</a>, the parent of Hungama.com, has grown to become the world’s largest aggregator and distributor of Bollywood entertainment.</p> <p>It works with more than 400 content creators to distribute material in 47 countries through over 150 partners. With viewers in 127 countries, India’s Rs112.4bn film industry, which <a title="Booming Bollywood turns 100 - FT video" href="http://video.ft.com/v/2350994941001/Booming-Bollywood-turns-100" target="_blank">recently celebrated its centenary</a>, is certainly not short of paying customers.</p><a href="http://blogs.ft.com/beyond-brics/2013/05/16/corporate-watch-bollywood-by-mobile/" class="more-link">Continue reading »</a><img src="http://feeds.feedburner.com/~r/ft/beyond-brics/~4/QVxCZ9HF1Ls" height="1" width="1"/> http://blogs.ft.com/beyond-brics/2013/05/16/corporate-watch-bollywood-by-mobile/feed/ 0