US real GDP growth and US stock market returns were positively correlated since 1900. However, the correlation was not consistent and even turned negative. The evidence of this relationship from other countries is mixed.

We asked 900 consumers to highlight where EM fintechs needed to improve the most for them to engage. Top responses: the sign-up process, convenience, transaction execution, platform design and customer education. In Indonesia and Kenya trust is a key...

We asked 215 emerging market fintechs to highlight what they regard as the key value they bring to their customers. Top responses: Seamless execution, fast approvals. Costs are targeted in Indonesia, convenience in the Philippines. Blockchain fintech...

Rail cargo (tonne km or TKM) grew 4.6% yoy and EXIM container cargo (TKM) rose 7.2% yoy – higher than the last four quarters’ average yoy growth (3.4%). Major ports (MPs) + Adani Ports (APSEZ) cargo grew 12% yoy (vs. 4%/13% yoy growth in 3Q/2QFY23,.....

3QFY20-23 rail cargo growth is an eye opener to various possibilities if capacity issue eases. The DFC can raise IR’s freight-carrying capacity by 43%. Retain ADD rating on Concor with a revised target price (TP) of Rs940.

Short-biased hedge funds provided negative S&P 500 beta until 2011. Thereafter returns became less negatively correlated, but worsened. The strategy has generated limited diversification benefits for investors.