EMerging Equity
Archive for February 7, 2015
Saudi Arabia: Travel And Tourism Expo In Jeddah ‘To Boost Economy’
Organizers of the three-day Jeddah International Travel and Tourism Exhibition that kicked off Wednesday say the event would help boost the city’s economy. The exhibition was launched under the auspices of Jeddah Gov. Prince Mishaal bin Majed and inaugurated by Hani Abu Ras, the city’s mayor. It is being held in partnership with the Abu … Continue reading
Nigeria Postpones Election For Six Weeks To Combat Boko Haram
Nigeria’s electoral commission, the Independent National Electoral Commission (INEC), announced on Saturday that it will postpone the nation’s February 14 Presidential and Legislative elections for six weeks, with a new date set for March 28, to allow time for a new multinational force to secure the northeastern region under the control of Islamic extremist group … Continue reading
Modi, Putin, Xi And Obama’s Empty Pockets
By F. William Engdahl After years of neglect Obama’s Washington has decided to try aggressively to woo the world’s second most populous nation, India. Why now? We need not look further than Moscow and Beijing and the recent dynamics surrounding the developing cooperation of the BRICS nations in developing a BRICS Infrastructure Bank to rival the … Continue reading
Russia And North Korea To Tighten Business Relations
The Russian Chamber of Commerce has set up recently a special Council for Cooperation with North Korea. The new arrangement is supposed to increase trade between the two nations to $1 billion a year by 2020. Moscow will allow North Korean firms to set up bank accounts in Russia while in exchange, Russia will gain … Continue reading
North Korea Preparing To Create New `Financial Industry’
North Korea is in the process of creating a new financial services industry and is preparing to roll out new financial products that include new forms of savings accounts, business loans, and credit cards in an effort to stimulate economic development, newspaper Chosun Sinbo reports. According to Chosun Sinbo, a newspaper of the DPRK-affiliated Korean community in … Continue reading
Merkel Says Ukraine Peace Fragile
Angela Merkel and Francois Hollande met with Vladimir Putin in Moscow on Friday. On the following day, German Chancellor said, during the Munich Security Conference, that prospects for peace in Ukraine are “uncertain“. She also defended borders in Europe as “inviolable” according to CNN. “Russia has shown disrespect for peace and violated territorial integrity. Changing borders by … Continue reading
World Bank: The Cost Of Brazil’s Closed Economy
Brazil’s is an unusually closed economy as measured by trade penetration, with exports plus imports equal to just 27.6 per cent of GDP in 2013. By Otaviano Canuto, Cornelius Fleischhaker and Philip Schellekens Brazil’s large size is often used to explain its relative lack of openness. But this argument does not stand up to scrutiny: among … Continue reading
Chinese Currency Devaluation Prospective Grossly Exaggerated
The Chinese currency volatility does not mean the yuan will be hit by the depreciation trend. By Sputnik News Although the Chinese yuan has been falling against the US dollar since the beginning of this week, concerns over the currency fluctuation are grossly exaggerated according to China’s experts As the yuan continued its slide against the US dollar nearly reaching the … Continue reading
China Pivots East, Ends Up In America’s Backyard
By Andrew Korybko, Sputnik News China’s enormous investments in Latin America appear to be paying off, as the country now commands influence all throughout the hemisphere. Its new role in the region could portend an American pushback, however, as Washington becomes more defensive over its traditional backyard. Argentine President Cristina Fernandez de Kirchner’s recent visit to Beijing … Continue reading
