EMerging Equity
Archive for December 17, 2014
How Does The 2014 Ruble Crisis Compare With The 1998 Vintage?
By Ben Aris BNE The ruble’s crash on December 15 from RUB53 to nearly RUB80 vs the dollar has caused many commentators to compare this crisis to Russia’s financial collapse in 1998. Is Russia really going into a full-scale meltdown for the fourth time in two decades? Crashing oil prices are driving this crisis as … Continue reading
Russia’s New Financial Architecture, BRICS And The SCO: Vladimir Putin And Sergei Katryn
By The Kremlin Vladimir Putin had a working meeting with President of the Russian Chamber of Commerce and Industry Sergei Katyrin to discuss the organisation of international business forums, particularly within the framework of the SCO and BRICS, and prospects for the development of the exhibition industry in Russia. PRESIDENT OF RUSSIA VLADIMIR PUTIN: Mr … Continue reading
Obama Already Signed New ‘Russia Sanctions Bill’ – State Department
US President Barack Obama has promised to deepen economic sanctions against Russia by the end of the week, and it turns out he already quietly signed the bill that opens way for more restrictions without further legal hurdle, State Department said. The bill was expected to be signed “by the end of the week” despite … Continue reading
Obama Announces U.S. Will Establish Embassy In Cuba, Lift Sanctions
United States President Barack Obama said Wednesday that the US is initiating plans to rebuild its relationship with Cuba following decades of disputes between the two nations. Speaking from the White House in Washington, DC, Pres. Obama said Wednesday that the US is seeking to establish diplomatic relations with Cuba and soon plans to open … Continue reading
A Full-Blown Economic Crisis Has Erupted In Russia
By Michael Snyder The 8th largest economy on the entire planet is in a state of turmoil right now. The shocking collapse of the price of oil has hit a lot of countries really hard, but very few nations are as dependent on energy production as Russia is. Sales of oil and natural gas account … Continue reading
Oil Coup: The Secret U.S.-Saudi Deal – OpEd
By Mike Whitney “John Kerry, the US Secretary of State, allegedly struck a deal with King Abdullah in September under which the Saudis would sell crude at below the prevailing market price. That would help explain why the price has been falling at a time when, given the turmoil in Iraq and Syria caused by … Continue reading
Capital Controls: Russia’s Next Financial Option May Be ‘Nuclear’
The Russian Central Bank has seemingly lost control of the ruble, which lost more than 20% in just hours on Tuesday. Currency interventions and interest rates both have failed to save the ruble. The next major step could be limiting the cash flow. After the Russian ruble fell to 1998 lows on Monday, the Central … Continue reading
Cheap Oil Can Benefit Asia – ADB Report
By The Asian Development Bank The growth outlook for developing Asia remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, the Asian Development Bank (ADB) says in a new report. In a supplement to its Asian Development Outlook 2014 … Continue reading
Asian Development Outlook 2014 Supplement: Growth Hesitates In Developing Asia
By The Asian Development Bank The growth outlook for developing Asia remains steady, with the aggregate gross domestic product expected to grow by 6.1% in 2014, the same as in the previous year but a slight downward revision from the 6.2% forecast in ADO 2014 Update. The regional economy is projected to expand a bit … Continue reading
