-
TowerGroup Examines How Effective Vendor Partnership Strategies Can Be Critical to Success for Insur
North American insurers currently are pursuing global expansion at a pace rivaling that of European insurers’ entry into US markets in the early 1990s. TowerGroup finds that more favorable economics, key demographic trends and the gradual dissolution of international barriers to entry underscore the high growth possible for US insurers in key emerging markets. Read full article here.
- Source
- Yahoo! Finance
-
Emerging markets drive growth for malt and chocolate drinks
Malt- and chocolate-based drinks are often seen as relatively unsophisticated in developed markets in the west, but in many countries, in particular in Latin America, they are big business indeed, marketed mostly as an excellent source of nutrition in countries where food quality is often poor. Read full article here. ...
- Source
- BeverageDaily.com
-
A billion PC users on the way
The number of PC users is expected to hit or exceed 1 billion by 2010, up from around 660 million to 670 million today, fueled primarily by new adopters in developing nations such as China, Russia and India, according to analysts. ’It took more than 20 years to grow the worldwide base of PC users to 600-plus million. By 2010, I expect that to grow to 1 billion, due to opportunities in emerging markets and new scenarios and form factors,’ wrote Microsoft CEO Steve Ballmer in a rece...
- Source
- CNET News.com
-
Driving Toward the $2,200 Car
Price is the key. Motorbikes and scooters in India retail for a relatively affordable $600 to $1,500. But most cars go for at least $4,500 -- one reason so few are sold. Local automakers are racing to create cars that would retail for 100,000 rupees -- roughly $2,200, or just half as much as the lowest-priced models sold today. At that magic price point, the reasoning goes, sales could double from last year’s total of 900,000 vehicles. ...
- Source
- Business 2.0
-
Trading on its reputation, the auction giant gambles on an Indian service
Last month, eBay, the world?s largest online auction site with a market capitalization of $52 billion, announced an agreement to acquire Baazee for $50 million. The move follows eBay?s acquisition of EachNet in China and Korea?s Internet Auction Company in 2003, and Taiwan?s NeoCom Technology in 2002. Like many other Internet companies, from Yahoo, to Google, to Amazon, eBay has to make a leap of faith when it expands into emerging markets. While India, for example, has a relatively small ...
- Source
- Red Herring
-
World Bank Challenged: Are Poor Really Helped?
Wealthy nations and international organizations, including the World Bank, spend more than $55 billion annually to better the lot of the world’s 2.7 billion poor people. Yet they have scant evidence that the myriad projects they finance have made any real difference, many economists say. That important fact has left some critics of the World Bank, the largest financier of antipoverty programs in developing countries, dissatisfied, and they have begun throwing down an essential challen...
- Source
- The New York Times
-
Vodacom customers increase to more than 12.4-million
Vodacom has cellular networks in South Africa, Tanzania, Lesotho, the Democratic Republic of Congo and Mozambique. The non-South African operations now comprise 1.8-million or 14.8% of the total Group customer base. Vodacom increased its South African customer base by 8.8% to 10.6-million (just over 9-million prepaid and 1.5-million contract) during the reporting period. Read ful...
- Source
- Press Release - Vodacom
-
Once Focused on the Ultrarich,It Now Eyes the ’Unbanked’
Citigroup is also moving down market in other developing countries in a bid to wring profits out of the working class. In part, it is betting that a healthy middle class will emerge in Mexico, Brazil, India, China and a handful of other fast-growing economies. The growth potential, as Citigroup executives see it, is enormous, particularly with credit cards, where profit margins in places like Mexico are fat. ...
- Source
- The Wall Street Journal
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.