Here is a rundown of developments that have comes across our emerging markets desks in the past day.
Brokerage Haitong Securities seeking IPO on the Hong Kong exchange for US$1.7bn.
CNOOC and Nexen form GoM JV.
Chinese PMI fell to the lowest level since March 2009.
Chinese home prices were -0.3% in November.
More on the cut in Chinese reserve requirements by 50 bps to 21% for large institutions and 17.5% for small and medium institutions.
How do you say “nouveau riche” in Chinese? Conspicuous consumption is quite popular these days in China.
Thailand cuts rates by 25 bps and lowers 2011 GDP forecast to 1.8%.
Argentine government trying to limit wage increases to 18% in an attempt to battle inflation.
More coverage on Newmont Mining’s Conga project woes, this time about wider implications for Peru.
More coverage on the Arab League’s sanctions on Syria. Covers topics such as the probability of military coup and analyzes geopolitical dynamics.
Israel releases $100mn of tax funds to Palestinian Authority.
Shell sells stakes in the Niger Delta region.
WSJ features Nestlé’s efforts in Africa.