Emerging markets investors have always had famed investor Jim Rogers on their side. Now – after the bubbles of China, India, Latin America and more have popped – they can take comfort in the word of investor Mark Mobius, who said emerging markets are “bottoming” en route to a bull phase in 2009. In a recent interview with Bloomberg Television, Mobius said there are “terrific bargains all over the place” and his biggest holdings are in Asia, adding that he is “aggressively” purchasing Chinese stocks. Emerging market stocks have nosedived this year at a much faster pace than indices from larger, more affluent economies. So far this year, The MSCI Emerging Markets Index, a benchmark for equities in 24 developing nations, has fallen 53% – driven mainly by falling commodity prices and a freeze in credit globally. Russia’s stocks were slugged ...

India's inflation rate rose again in the week ended 3 May 2008, to the highest in 3 1/2 years, adding pressure on the central bank to raise borrowing costs further to tame prices. Wholesale prices gained 7.83 percent in the week ended May 3 from a year earlier, after climbing 7.61 percent in the previous week, the government said in a statement in New Delhi. In all probability the rate is now over 8% since today's inflation rate will undoubtedly be revised upwards in two months when India's government reviews the figures after receiving additional price data. The Commerce Ministry today increased the inflation rate for the week ended March 8 to 7.78 percent from 5.92 percent, and this kind of upward revision has been normal in recent weeks.The price index for fruits, vegetables and other food items rose 0.5 percent ...