July 9 (Bloomberg) -- Eden's Jodie McLean discusses how her company focuses on building relationships between local merchants and neighborhoods. She speaks with Matt Miller on Bloomberg Television's "Bloomberg Rewind." (Source: Bloomberg)
South Korean President Lee Myung Bak’s ruling party faces losing control of parliament next week to an opposition that vows to increase welfare spending, revisit a U.S. trade deal and improve ties with North Korea.
Nigeria, Pakistan and Kazakhstan don't top many traveler bucket lists. Sending money there's another story: The MSCI Frontier 100 Index is up 14 percent this year and assets in exchange-traded funds that specialize in such "frontier markets" have risen 52 percent to $820 million. By contrast, nearly $10 billion has flowed out of emerging market ETFs this year, and the MSCI Emerging Markets Index is down 8.1 percent.
The late President Park Chung Hee left South Korea with two political legacies, as overseer of the nation’s economic miracle and its longest-ruling dictator. Now there’s a third: His daughter is front runner to become the country’s first female president.