emerging markets

A one-time tax hit sent profits at drinks company Diageo PLC's down 20 percent in the last six months of 2011, despite rising income following a strong performance in emerging markets.

Lenovo Group, the world's No. 3 personal computer manufacturer, said Thursday its profit in the latest quarter nearly doubled on strong sales in emerging markets.

British banking company HSBC said Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its bank branches in the U.S., part of a new strategy to cut back on retail operations in some parts of the world and focus instead on fast-growing emerging markets.

Strong sales in emerging markets and to business customers helped Apple extend its streak of stellar performance in the last quarter without introducing any major new products.

Takeda Pharmaceutical Co. said Thursday it will buy Switzerland's Nycomed for $13.6 billion, giving Japan's biggest drugmaker coveted access to emerging markets.

Large blue chips, including some consumer-oriented companies, will have to show they can counter sluggish developed economies by leveraging growth in emerging markets.

Federal Reserve Chairman Ben Bernanke defended easy money policies in advanced economies against the charge they are ove

Volatile capital flows, exchange rate pressures and rapidly growing foreign-exchange reserves have been gathering new momentum in emerging markets, threatening a new financial crisis.

Some experts at Davos predicted that Europe's economic growth would trail the emerging markets and the United States this year.

Procter & Gamble Co. leaders on Thursday backed previous earnings expectations for the consumer-products giant, saying higher commodity costs and slow or flat growth in developed markets will be offset by taking business from competitors and growing in emerging markets.