The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Edward Hadas:
Brazil, Russia, India, China – BRIC. The acronym was pushed as a hot investment idea in the heady 2000s. Back then, before the financial crisis, steady economic growth was expected to last forever in rich and poor countries alike, with poor countries growing much faster. Jim O’Neill, then of Goldman Sachs, simplified the theme for the investing masses. The four biggest developing economies were on the smooth road to riches, and investors could hop on for a profitable ride.
from Expert Zone:
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Indian shares marked their fourth consecutive week of gains with the Nifty adding 0.70 percent at 8,295, a notch below the crucial 8,300 levels. Encouraging corporate results and support from global indices helped markets stay higher.