EMerging Equity
Archive for February 5, 2015
Russian Coal Keeps UK Household Lights On As Winter Grips
By Nick Kochan in London BNE As winter grips the UK, a group of Russian coal companies with leaders closely linked to President Vladimir Putin are enabling British power companies to keep the country’s lights on – a precarious position as the sanctions rhetoric rises once again. Three Russian firms, SUEK, KRU and SDS Coal, produce … Continue reading
Kenya Gets $700 Million from IMF as ‘Insurance’ Financing
The IMF Executive Board approved February 2 a financing package for Kenya of about $700 million that the East African country’s authorities plan to use as insurance against external shocks. This financing is precautionary, as Kenya plans not to draw on it unless the balance of payments comes under pressure. The financing package approved by … Continue reading
Ebola In Africa: IMF Grants $100 Million To Guinea, Liberia And Sierra Leone
The International Monetary Fund has granted Guinea, Liberia and Sierra Leone debt relief of about $100 million in total. The IMF additionally offered the nations $160 million in zero-interest loans. “Those three countries are going through a very, very dramatic ordeal that combines pandemics, the risk of isolation” told Christine Lagarde, IMF Managing Director. The … Continue reading
Sisi Promises Investment Opportunities For Economic Summit Guests
President Abdel Fattah al-Sisi has promised several investment opportunities for potential participants at the major economic summit. Egypt will host the event in March to attract investors and is expected to present its economic strategy (investment options) to a top tier group of world leaders and business figures. The conference is scheduled for 13-15 March in Sharm … Continue reading
It Is About To Get Ugly: Oil Is Crashing And So Is Greece – OpEd
By Michael Snyder The price of oil collapsed by more than 8 percent on Wednesday, and a decision by the European Central Bank has Greece at the precipice of a complete and total financial meltdown. What a difference 24 hours can make. On Tuesday, things really seemed like they were actually starting to get better. … Continue reading
The Philippines Looks To Overtake Las Vegas As Gaming Hub By 2020
By Nikkei Asian Review MANILA — A Macau company opened a big casino resort here Monday, betting that Asia’s gaming sector will continue to flourish despite sliding revenues back home. Lawrence Ho, co-chairman and CEO of Melco Crown Entertainment, and his business partner James Packer were on hand for the grand opening of $1-billion City of … Continue reading
Maduro Calls On LATam Nations To Create “Shield” To Protect Venezuela From U.S. Aggression
Venezuelan President Nicolas Maduro called on support from the Union of South American Nations (UNASUR) and the entire Community of Latin American and Caribbean States (CELAC) to help “create a shield” to protect the Latin American nation from possible U.S. aggression, TASS reports. Maduro’s request for support from Latin American nations came during a meeting … Continue reading
Is Nigeria Headed Towards Collapse?
By James Bachmann Boko Haram has entered a new phase in its war against Nigeria and its neighbours, as evidenced by the recent spate of attacks against key towns in northern Nigeria. In early January, Boko Haram attacked and occupied the northern Nigerian town of Baga in a brazen attack that resulted in as many … Continue reading
The Illusion Of Monetary Policy Independence Under Flexible Exchange Rates
By Sebastian Edwards Via VoxEU The conventional ‘trilemma’ view is that countries that allow free capital flows can still pursue independent monetary policies as long as they allow flexible exchange rates. This column examines the pass-through of Federal Reserve interest rates to policy rates in Chile, Colombia, and Mexico. The author concludes that, to the extent … Continue reading
Jim O’Neill: Two Cheers For The New Normal
By Jim O’Neill The conventional wisdom about the state of the world economy goes something like this: Since the start of the 2007-2008 financial crisis, the developed world has struggled to recover, with only the United States able to adjust. Emerging countries have fared better, but they, too, have started to flounder lately. In a bleak … Continue reading
