Global Investing

Turkey’s central bank — a little more action please

August 20, 2013

In the selloff gripping emerging markets, one currency is conspicuous by its absence — the Turkish lira. But this will change unless the central bank adds significantly to its successful lira-defensive measures.

India’s deficit — not just about oil and gold

April 18, 2013

India’s finance minister P Chidambaram can be forgiven for feeling cheerful. After all, prices for oil and gold, the two biggest constituents of his country’s import bill, have tumbled sharply this week. If sustained, these developments might significantly ease India’s current account deficit headache — possibly to the tune of $20 billion a year.

Cheaper oil and gold: a game changer for India?

April 16, 2013

Someone’s loss is someone’s gain and as Russian and South African markets reel from the recent oil and gold price rout, investors are getting ready to move more cash into commodity importer India.

Is the rouble overhyped?

October 4, 2012

For many months now the Russian rouble has been everyone’s favourite currency. Thanks to all the interest it rose 4 percent against the dollar during the July-September quarter. How long can the love affair last?

The haves and have-nots of the (energy) world

February 24, 2012

Nothing like an oil price spike to bring out the differences between the haves and have-nots of this world. The ones who have oil and those¬†who don’t.