Thursday's best web talks international tourism numbers, reveals a large Malaysian IPO investor, looks for signs of weakness in Eastern European financial systems, and covers Krispy Kreme's expansion plans for emerging markets.
[caption align="alignright" caption="Ok, I'm starting to see the appeal of Dubai..."]
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Best web: Many banks in the emerging markets of Eastern Europe are subsidiaries of Western European banks. Given the tumultuous environment faced by the parent banks at home, there is reason to be worried that the Eastern European financial system could soon be at risk. However, economics blog iMFdirect hypothesizes that these subsidiary banks have seen an increase in domestic deposits, offsetting the funds withdrawn by their parent companies. But, is this enough to shield Western European banks from crisis at home?
Best web: The Global Destination Cities Index prepared by MasterCard Worldwide predicts that Dubai will top 8.8 million international tourists for 2012. This is more than major tourist destinations like Amsterdam and New York expect to receive. Dubai's rise does not appear to be a fleeting trend, either. The region is expected to continue to attract new visitors at a steady pace.
Best web: Over the next five years, Citymax Hotels in India ( EPI , quote ) will open approximately 80 Krispy Kreme ( KKD , quote ) outlets across the southern and western region of the country. This is just one aspect of the famed treatmaker's planned expansion into emerging markets. Krispy Kreme already has stores in emerging markets like the Philippines, Indonesia, and the Dominican Republic.
Chris Aylott tries to uncover the best Chinese tech stocks for Emerging Money
Best web: Investing in Chinese technology stocks can sometimes be confusing for American investors. Aylott breaks down the growth stories for a number of Chinese firms, including Baidu ( BIDU , quote ), China Mobile ( CHL , quote ), and SINA ( quote ). Before investing in these exciting emerging markets tech names, it's a good idea to be familiar with the pros and cons facing them.
The Star Online reports that Kuwait is expected to invest $150 million into a Malaysian IPO
Best web: Malaysia's ( EWM , quote ) IHH Healthcare expects to sell a significant stake to the Kuwait Investment Authority during its upcoming $2 billion IPO. This is not the KIA's first foray into the realm of emerging markets IPOs; the sovereign wealth fund invested $800 million into the Agricultural Bank of China's 2010 offering.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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