Emerging Asia will maintain its strong economic growth in 2015 and 2016, supported by soft commodity prices and recovery in the major industrial economies, a new report from the Asian Development Bank (ADB) says. The ADB’s annual economic report, Asian Development Outlook 2015 (ADO), released on Tuesday, forecasts gross domestic product (GDP) growth in emerging … Continue reading
By Chris Weafer, Macro Advisory Russia is not the only economy suffering from the combination of the oil price collapse and sanctions; most of the countries in the Commonwealth of Independent States (CIS) are also feeling the pain. For some it is because they have also waited far too long to start diversifying away from … Continue reading
The Prime Minister of Greece, Alexis Tsipras, warned German Chancellor Angela Merkel that it’s going to be “impossible” for his country to service its debt obligations that are due in the coming weeks if the European Union (EU) doesn’t provide Athens with any short-term financial assistance, the Financial Times (FT) reports on Sunday. The warning was sent by … Continue reading
By Aurangzeb Qureshi In recent years, China is slowly returning to its former glory as the “Middle Kingdom” as it was once was during the 6th century. Unlike the isolationist China of the past, President Xi Jinping’s China is a resurgent dragon looking to connect with the rest of the world. In other words, China is … Continue reading
By Pepe Escobar, Asia Times What’s in a name, rather an ideogram? Everything. A single Chinese character – jie (for “between”) – graphically illustrates the key foreign policy initiative of the new Chinese dream. In the upper part of the four-stroke character – which, symbolically, should be read as the roof of a house – the … Continue reading
The transportation of containers by rail could grow substantially in China, particularly if the nation continues to adopt operating practices and regulatory reforms that have boosted the development of the North American rail network, according to a new research paper from The World Bank. Measures that include the ability of rail operators to tailor service offerings that … Continue reading
Russian President Vladimir Putin is proposing the creation of a regional “Eurasian” currency union with Belarus and Kazakhstan, Russia’s main partners in the Eurasian Economic Union. Putin’s proposal was made during a meeting on Friday with the Belarussian and Kazakh presidents which highlighted the growing challenges that face the Russian-led Eurasian Economic Union amid the tumble in the price of … Continue reading
By Mike Whitney “In order to survive and preserve its leading role on the international stage, the US desperately needs to plunge Eurasia into chaos, (and) to cut economic ties between Europe and Asia-Pacific Region … Russia is the only (country) within this potential zone of instability that is capable of resistance. It is the only state … Continue reading
By Deena Zaidi The US dollar has been on the rise every day setting new records. With the upward pressure on dollar, stronger dollar could tighten financial conditions across the globe. Further the rising dollar could be offsetting the benefit of low cost oil within the US economy. Over the past six months, the trade-weighted dollar … Continue reading
This article was originally published on Zero Hedge By Tyler Durden It appears the sea of de-dollarization has reached the shores of Europe. With Australia and UK having already moved in the direction of joining the China-led AIIB, The FT reports that France, Germany, and Italy have now all agreed to join the development bank as ‘pivot to Asia’ appears to … Continue reading