Davos Bosses Tread Warily in Emerging Markets

Multinational companies are becoming more picky about emerging market investments as slowing growth in upstart economies and a recovery in the West takes the shine off a previous sure-fire strategic bet. Executives in Davos said they remained committed to tapping into rising middle classes from Shanghai to Lagos, but some are pulling back and redeploying resources in particularly difficult, low-margin regions.

http://tinyurl.com/lfu7uu7

GM to Back Emerging Market Thrust

General Motors Co., the Detroit-based car maker that counts China as its biggest market, will open a new headquarters in Singapore to oversee markets including Southeast Asia and India.  The offices will open in the second quarter of 2014 with Stefan Jacoby, an executive vice president, overseeing about 120 employees, the Detroit-based company said in an e-mailed statement. The operation, currently based in Shanghai, will also direct businesses in South Korea, the Middle East, Africa, Australia and New Zealand, according to the statement.

http://tinyurl.com/of7wl8p

China Stands Tall in Emerging eneMarket Rout

In the worst selloff for many emerging markets since the global financial crisis, China is standing out as an unlikely star performer.  Through Thursday, the benchmark Shanghai Composite index has jumped 5.2% this month, making Shanghai the top stock market in Asia. 

http://tinyurl.com/q7tbr22