EMerging Equity
Archive for February 12, 2015
Russia, Nicaragua Agree On Simplified Port Entry Protocols For Russian Warships
By Sputnik News Russia and Nicaragua signed on Thursday an intergovernmental agreement on simplified procedures, allowing visits of Russian warships to ports in the Latin American country, Russian Defense Minister Sergei Shoigu said. Shoigu, who is on the second leg of his three-day Latin American tour, told reporters in Managua that several other agreements were signed aimed at expanding bilateral military-technical cooperation. The minister … Continue reading
Mark Mobius: Will China’s Year Of The Goat Bring Out The Market Bulls?
According to the Chinese calendar, 2015 is the Year of the Goat (or sheep), creatures that are typically peaceful in nature but can also be stubborn, while exhibiting herd-like behavior. I’ve invited my colleague Eddie Chow, senior executive vice president and managing director, Templeton Emerging Markets Group, to share his perspective on some key themes … Continue reading
How Can Egypt Achieve Economic Stability And Better Living Standards Together?
Egypt currently faces what may seem to be conflicting objectives. On the one hand, there’s an urgent need to restore economic stability—by achieving lower budget deficits, public debt and inflation, and adequate foreign exchange reserves. At the same time, there’s a long-standing need to achieve better standards of living—with more jobs, less poverty, and better … Continue reading
Central Banks’ Gold Purchases At 50 Year High Levels
Central banks globally have purchased 447.2 tons of gold in 2014, the biggest amount of the precious metal in nearly 50 years, the World Global Council reported. Russia added 173 tons topping up its gold reserves to more than 1,200 tons. Kazakhstan and Iraq bought 48 tons each. On the other side of the equation … Continue reading
Saudi’s Privileged Status In US Foreign Policy – Motion For Dismissal – OpEd
For thirteen years through legal cases attempting to show Saudi financial support of al Qaeda, and thus bearing at least some responsibility for 9/11, the US court system, the Executive, and in fact the whole apparatus of the government, have played hard-ball, resisting evidence even though the issue directly affects the causation of a seminal … Continue reading
Greek, Chinese Leaders Talk Investment And Cooperation
Chinese firms have expressed their interest in investment opportunities in Greece, Chinese Premier Li Keqiang told Greece’s Prime Minister Alexis Tsipras during a telephone conversation, an unnamed Greek government official told Reuters on Thursday. Greece is positioned in a strategic location for China where it could set up a hub for distribution of its products to Europe and Africa following talks with the previous Greek government that led to … Continue reading
Sanctions Push Russian Banks Toward Islamic Finance
By Ben Aris Cut off from Western capital markets, Russia is stepping up efforts to tap into the huge pools of capital in the Middle East by issuing Islam’s answer to bonds, sukuk, which are not subject to Western sanctions. Sukuk are especially attractive for Russia following its downgrade to junk status by rating agency Standard & … Continue reading
Open Talks Between Mining Firms And Governments Key To Powering Africa, World Bank Says
By The World Bank The World Bank can play a critical role in facilitating transparent and meaningful talks between mining companies, electricity producers and governments in Africa about ways to work together to bring energy to millions of people in the region, panelists at a global mining event said on Monday. In Sub-Saharan Africa, where … Continue reading
Kazakhstan Slashes Budget, Blaming ‘Global Crisis’
By Naubet Bisenov Kazakh President Nursultan Nazarbayev has ordered his government to adopt new “anti-crisis” measures including cutting budget spending by 10% in order to overcome the current economic difficulties. Nevertheless he claimed that “there is no economic crisis in Kazakhstan” and blamed the “global” economic crisis for the country’s economic troubles. At a government meeting … Continue reading
Shinzo Abe’s Middle East Ambition
By Kai Schulze After his victory in the December 2014 elections, Japan’s Prime Minister Shinzo Abe has pledged to turn Japan into ‘one of the greatest powers in the world’ by implementing the new foreign policy approach of ‘proactive pacifism’. Abe is seeking to foster Japanese international engagement, which will increasingly reach beyond the regional … Continue reading
