EMerging Equity
Archive for February 9, 2015
China’s Road To Growth In Africa
By Lauren Johnston China, like much of the developed world, faces slower growth and an ageing population. Africa in contrast offers the potential of ‘catch up’ growth and a growing young pool of low-cost labour, alongside plentiful natural resources. The economic prospects of both are increasingly intertwined. The path of China’s trade and investment ties with … Continue reading
Euro Bankers Kick Syriza In The Face – The Latest Assault On Greek Democracy – OpEd
On Wednesday the European Central Bank (ECB) announced that it would no longer accept Greek government bonds and government-guaranteed debt as collateral. By Mark Weisbrot Although Greece would still be eligible for other, emergency lending from the Central Bank, the immediate effect of the announcement was to raise Greek borrowing costs and squeeze its banks, and to … Continue reading
Putin Blames U.S. ‘Interference, Double Standards’ For Rise Of IS, Ukraine Conflict
Russian President Vladimir Putin has used a planned visit to Egypt to make a scathing criticism of the U.S.-led international coalition against the Islamic State (IS) group, accusing the United States and its Western allies of being responsible for the Syrian crisis as well as the military conflict in Ukraine. By Joanna Paraszczuk In comments widely … Continue reading
Gold On The Rise As Greece Concerns Rattle European Markets
Gold rose on Monday, retaking its gains after a dramatic slide on Friday, February 6. By Sputnik News Gold prices rose on Monday, February 9 recovering from an almost three-week slide, triggered by both shrinking European share indexes and growing concerns regarding the Greek economy. Spot gold rose by 0.4 percent reaching $1,238.46 per ounce after it slid to $1,228.25 … Continue reading
A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk – OpEd
By Michael Snyder This is the month when the future of the eurozone will be decided. This week, Greek leaders will meet with European officials to discuss what comes next for Greece. The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension of the current bailout. Officials … Continue reading
Moscow And Ankara To Trade In National Currencies – DenizBank
Russia and Turkey are working towards trade payments in national currencies, according to the president and CEO of Turkey’s DenizBank, Hakan Ates. “We are ready to do everything to facilitate the transition to payments in national currencies. Such a transition is possible but our central banks have to make this decision. We’re already working in … Continue reading
Moscow And Cairo To Drop Dollar, Use National Currencies In Bilateral Trade: Putin
Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country. The issue of abandoning the dollar in trade is “being actively discussed,” Putin told … Continue reading
