EMerging Equity
Archive for December 12, 2014
Opportunity For Beijing And Washington In Venezuela’s Oil Crisis
By Matt Ferchen Dropping oil prices over the last few months have triggered a wave of reports about which countries stand to win and which to lose. While Russia, Iran and others are suffering, Venezuela emerges as the biggest loser of all. With oil accounting for over 95 percent of Venezuela’s export earnings and nearly … Continue reading
Sierra Leone Cancels Christmas And New Year Celebrations Amid Ebola Crisis
Sierra Leone has banned any public celebrations of Christmas and the New Year over the spread of the Ebola virus that has affected thousands of the population. The military will strictly monitor the ban. Christmas is canceled in Sierra Leone, West Africa, authorities in the country announced on Friday. Instead of Santas, the army will … Continue reading
South Stream 2.0: The Energy Wars Continue (Part I)
By Pyotr Iskenderov In the next few years, Russia’s decision to put a stop to the South Stream project will become a deciding factor in how the energy situation develops not just in Europe, but in the whole of the Eurasian continent. Essentially, we are dealing with an energy war unleashed by the United States … Continue reading
The BRICS Bank And Reserve Arrangement: Towards A New Global Financial Framework?
By Wilhelm Schölmann European Parliamentary Research Service At this summer’s summit held in Fortaleza, Brazil, the five countries which form the BRICS – Brazil, Russia, India, China and South Africa – agreed on the establishment of their own financial institutions: the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA). The New Development Bank … Continue reading
A Year of Divergence: Mohamed A. El-Erian
By Mohamed A. El-Erian Project Syndicate In the coming year, “divergence” will be a major global economic theme, applying to economic trends, policies, and performance. As the year progresses, these divergences will become increasingly difficult to reconcile, leaving policymakers with a choice: overcome the obstacles that have so far impeded effective action, or risk allowing … Continue reading
20 Deals In 24 hours: Russia-India Relations Given $100 Billion Boost
By Rajeev Sharma The economic burden of Western sanctions has pushed Russia to the east in search of business opportunities. Judging by the outcome of President Putin’s visit to India – 20 high-profile deals struck – Moscow’s ‘pivot to Asia’ is getting a warm welcome. Russian President Vladimir Putin achieved this during his visit to India … Continue reading
How Are Iran’s Entrepreneurs Succeeding Despite a Challenging Environment?
“No one would mistake Tehran for Tel Aviv”, says Amir Paivar, Business Correspondent for the BBC’s Persian Service about Iran’s hi-tech entrepreneurship scene. Yet, there’s a certain buzz right now about the country’s young entrepreneurs, and deservedly so, as Baldwin Berges and I discovered. The country is home to a hi-tech scene in its infancy, … Continue reading
Oil Prices Plunge Below $60 on Weak Forecast by IEA
The oil glut continues, says the latest International Energy Agency’s (IEA) report which slashes demand growth forecasts for 2015. A weak economic outlook for China, Europe, and Russia will see demand rise one percent, not enough to offset oversupply. Oil demand growth for 2015 was slashed by 230,000 barrels per day, and is set to … Continue reading
Freedom of Press in Russia
Western media’s coverage of the evolution of civil and political liberties in Russia can be rather misleading. The predominance of negative news on the matter can lead to the paradoxical question: how can the violation of the freedom of press occur in a society where – we are constantly told – there is no freedom … Continue reading
The European Union Demands That Russia Bail Out Both The EU And Ukraine
By Eric Zuesse IMF says Ukraine will be bankrupt ‘within weeks’ and needs $15 billion more for war against eastern Ukraine; EU threatens Russia with more sanctions if Russia lets Ukraine go bankrupt; EU will lose billions on Ukraine if Russia won’t bail them out. The details are here and here. And here’s the back-story to that: Mark … Continue reading
