EMerging Equity
Archive for December 8, 2014
World Leaders Warned About Risks Of Nuclear War
A large group of 120 experts, including politicians, military men and diplomats, expressed concerns about the threat of a nuclear war and urged world leaders to take immediate action to reduce risks of escalation of military conflicts, RIA Novosti reports. The experts wrote the letter, in which they expressed their concerns, prior to the conference on … Continue reading
Sanctioned Russian Banks Begin Testing National Payment System Next Week
Russia’s Rossiya and SMP banks, which fell under Western sanctions, are among the eight lenders that will start testing the country’s new national payment system on December 15. “The pilot project involves SMP Bank and Rossiya Bank, those for which the story is very critical and important. These are quite large banks,” the head of … Continue reading
Dollar Dominance Could Spell Disaster For Emerging Markets: BIS
The durability of the dollar isn’t a given, and pressure in the $12.3 trillion US Treasury market is causing alarm. A study by the Bank for International Settlements (BIS) suggests dollar dominance could spell disaster for emerging markets. The spectacular recovery by the US dollar could ruin emerging market economies that have large dollar-denominated debts, … Continue reading
Ramping Up Reform in Brazil
By Rick Harper, Head of Fixed Income & Currency WisdomTree In October’s presidential elections, the people of Brazil voted for the status quo when they re-elected Dilma Rousseff. Since then, markets have cast their votes as well. With growth continuing to slow, prices remaining stubbornly high and corruption investigations dominating the headlines, many investors have … Continue reading
A Make Or Break Year For Myanmar
By Hunter Marston On his recent trip to Myanmar, U.S. President Barack Obama embraced opposition leader Aung San Suu Kyi, signaling strong U.S. support for continued reforms in a nation that has long been under military rule. Since Myanmar’s political opening following elections in 2010, tentative reforms have stalled, and bursts of ethnic conflict have … Continue reading
South Stream To Split Europe
Russia’s decision to cancel the South Stream project triggered strong reactions in Serbia and Bulgaria. The Serbian President accused Russia of betraying common interests. And the Bulgarian Prime Minister got offended that Russian Federation set him up. Grievance is a primitive way of education. And a completely different subject needs to be chosen. Let’s see … Continue reading
Ruble Is Now Truly Floating
By BNE IntelliNews During the worst of the ruble’s plunge in recent weeks traders were completely wrong-footed: they expected the Central Bank of Russia (CBR) to step in and defend the national currency’s value, but it did nothing. “Where is the CBR?” lamented Tim Ash, head of emerging markets research at Standard Bank, as the ruble fell … Continue reading
The Engineered Decline In Oil Prices: Economic Warfare, The Main Western Weapon – OpEd
By Takis Fotopoulos In the globalization era, economic warfare is the main weapon used by the Transnational Elite to integrate into the New World Order of neoliberal globalization any country resisting the loss of economic and national sovereignty that joining it implies. Its conclusion is that only the building of an economic and political union of sovereign … Continue reading
New Rail Line To Turn Kazakhstan Into Transit Hub Between China, Middle East
By Naubet Bisenov BNE A new railway connecting Central Asia with the Persian Gulf through Iran was officially opened on December 3. With Kazakhstan completing its east-west rail line that links the country’s center to the west earlier this year, the new international railway line now offers direct passage for Chinese goods to Iran and … Continue reading
Why OPEC Will Tolerate Cheap Oil
By John Browne Euro Pacific Capital Despite falling oil prices, the Organization of Petroleum Exporting Countries (OPEC) voted on November 27th not to cut production in order to boost prices. The key to this decision appears to have been the attitude of Saudi Arabia, which has long been the first among equals in the coalition. Not surprisingly, the … Continue reading
