EMerging Equity
Government
Modi’s Gold Rush To Recover 20,000 Tonnes Worth Over $760B From Ancient Indian Temples, Family Vaults
India’s ancient, historic, sacred temples are spiritual structures that were designed to bring humans and gods together. They are also home to a treasure trove of billions of dollars’ worth in jewelry, gold bars, and coins which have been collected over the centuries and are hidden away securely in vaults, some ancient and some modern. Back in July 2011, a story that sounds like a plot line of an Hollywood adventure like Indiana … Continue reading
Iran Nuclear Deal Should Boost Economy, Yet Unknowns Remain
By Nader Habibi The framework nuclear agreement that was announced earlier this month by Iran and the so-called P5+1 calls for a substantial rollback in the country’s nuclear program in return for a lifting of sanctions. While no specific time table was mentioned, the preliminary agreement calls for the suspension and then lifting of international sanctions … Continue reading
Fitch Cuts Brazil’s Outlook To Negative Amid Fiscal Challenges
The outlook on Brazil’s credit rating was cut to negative by Fitch Ratings due to challenges in implementing fiscal adjustment amid a stalled economy, according to a statement released on Thursday. The ratings agency lowered its outlook on Brazil’s sovereign rating to negative from stable while keeping the country’s rating at BBB, which is the second-lowest investment grade. … Continue reading
Pepe Escobar: Eurasian Emporium Or Nuclear War?
By Pepe Escobar, Asia Times A high-level European diplomatic source has confirmed to Asia Times that German chancellor Angela Merkel’s government has vigorously approached Beijing in an effort to disrupt its multi-front strategic partnership with Russia. Beijing won’t necessarily listen to this political gesture from Berlin, as China is tuning the strings on its pan-Eurasian New … Continue reading
Indonesian President Widodo Vows To Keep Stock Momentum Alive
Indonesian President Joko “Jokowi” Widodo said on Tuesday that the positive trend of Jakarta Composite Index (JCI) in the Indonesia Stock Exchange (IDX) was evidence of good investor trust in Indonesia and vowed to maintain market momentum with infrastructure spending and implementing policies to boost growth, the Nikkei Asian Review reports. Visiting the Indonesia Stock Exchange (IDX) on Tuesday, … Continue reading
Of Trojan Horses And Realpolitik: The Tsipras-Putin Meeting And Its Broader Implications
Today Alexis Tsipras will sit down in Moscow for talks with Vladimir Putin. This meeting has been dogged by controversy and has led many to wonder: what exactly do Russia and Greece hope to gain from this encounter? By Dr Vassilis Petsinis During Costas Karamanlis’ term in office as PM (2004-2009), the Greek government sped up … Continue reading
Russia To Propose Using National Currencies With Vietnam For Mutual Settlements, PM Says
Russia will propose to Vietnam the use of their national currencies for mutual settlements, primarily in trade and investment, Russian Prime Minister Dmitry Medvedev said during an interview with Vietnam’s national radio broadcaster Voice of Vietnam on Sunday. According to the Russian PM, Russia and Vietnam could easily make the switch to their national currencies – the … Continue reading
Will Corruption Undermine Growth In Mexico?
By Dr. Daniel Friedheim Businesses report that Mexico’s level of money laundering, bribery, and conflicts of interest is higher than Brazil’s. Mexico ranks only 103rd of 174 countries on fighting corruption, according to Transparency International, better than Russia but worse than Brazil, India, and China. So it is easy to imagine how a corruption mega-scandal … Continue reading
Turkey’s Monetary Policy Feud Stokes Financial Risk
By Etienne Lepers While Turkey – with its ceaselessly falling currency – is struggling with the same global forces as other emerging markets, an internal struggle between President Erdoğan, Central Bank Govenor Erdem and deputy PM for the economy Ali Babacan is undermining Turkish economic vitality. Interest and currency rates have become subject to inter-departmental feuding generating significant financial uncertainty. Over the … Continue reading
Russia Positions Air Defense Systems In Arctic
Russia has positioned air defense missile and artillery weapon systems Pantsir (SA-22 Greyhound) and is planning to place MiG-31 (Foxhound) interceptor aircraft in the Arctic region, the deputy head of Russian Aerospace Defence Forces said on Saturday, Russia’s Sputnik News reports. “We have already placed there gun systems Pantsir. Deployment of MiG-31 on the Russian Arctic airfield is planned,” Maj. Gen. Kirill … Continue reading
