EMerging Equity
Archive for March 3, 2015
Russia, Egypt Agree To Sign Deal On Military Cooperation
Russia and Egypt have agreed to sign an agreement on military cooperation that Russian Defense Minister Sergei Shoigu said will define the expanding bilateral defense relations between the two nations “for years to come”, Russian news agencies reported on Tuesday. The agreement will “determine the vector of our military cooperation for years to come,” Shoigu said. “The parties agreed to continue the … Continue reading
Turkey Looks To Ignite Its Stock Market By Going Public
Turkey’s stock exchange — Borsa Istanbul — said on Tuesday that it is planning to go public, in Ankara’s latest move to jump start its lagging $220 billion equity market, Reuters reports. Borsa Istanbul, the nation’s sole stock exchange, is planning to list up to 43 percent of its capital through the sale of the bulk of its shares … Continue reading
Iraq Considering $6 Billion Bond Issue As Revenues Plunge
Iraq is said to be discussing a possible bond issue worth around $6 billion with Deutsche Bank and Citibank in an effort to cover a “huge” projected budget deficit this year, Finance Minister Hoshiyar Zebari said, according to Reuters. Revenues in the nation have plunged along with the price of oil just as Iraq faces an expensive military campaign … Continue reading
Stock Market Bubble: NASDAQ Over 5,000 …Be Concerned! – OpEd
By Michael Snyder Are we at the tail end of the stock market bubble to end all stock market bubbles? Wall Street was full of glee Monday when the Nasdaq closed above 5000 for the first time since the peak of the dotcom bubble in March 2000. And almost everyone in the financial world seems … Continue reading
More De-Dollarization: India And Russia On The Verge Of Currency Agreement
Although the U.S. dollar (USD) has surged to over an 11 year high, there is bad news ahead for the future of the USD as emerging nations are progressively steering away from the “greenback” ahead of the launch of the new BRICS bank. A multi-national currency deal between Russia and India is looking more likely to be … Continue reading
Roubini: The Negative Way to Growth — Why Are So Many Investors Willing To Lose So Much Money?
By Nouriel Roubini Monetary policy has become increasingly unconventional in the last six years, with central banks implementing zero-interest-rate policies, quantitative easing, credit easing, forward guidance, and unlimited exchange-rate intervention. But now we have come to the most unconventional policy tool of them all: negative nominal interest rates. Such rates currently prevail in the eurozone, Switzerland, … Continue reading
Lessons Learned From Emerging Markets For Frontier Markets: Managing Capital Flows
By David Lipton, IMF Soon after the global financial crisis, with emerging market economies experiencing sizable inflows in the wake of quantitative easing, unconventional monetary policies, and widening growth differentials with advanced economies, the IMF embarked on a work program to help our member countries craft policy responses that would reap the benefits of financial … Continue reading
Argentina’s Forex Controls: Clamping Down On Prosperity
By Iván Cachanosky October 2011, the government of President Cristina Kirchner created a “clamp” on the exchange rate, establishing a maximum rate with the objective of slowing the escape of foreign currency reserves from Argentina. However, the result wasn’t as hoped — reserves ended up dwindling at a rapid rate, with the impact being felt in other variables … Continue reading
Fiscal Federalism In India
By Apoorv Tiwari The recommendations of the Fourteenth Finance Commission (FFC) have been hailed almost unanimously for ushering in a new era for centre-state relations in India. The most significant of these recommendations – accepted by the central government – is the one that devolves 42% of the divisible share in the centrally levied tax pool … Continue reading
Venezuela Orders U.S. To Slash Caracas Embassy Staff By Over 80% Amid Tensions
Venezuela’s government says it’s giving the U.S. two weeks to slash the size of its embassy staff in Caracas by over 80% from 100 diplomats to a mere 17 as tensions between the two nations rise, Reuters reported on Monday. Venezuela’s Foreign Minister Delcy Rodriguez made the announcement on Monday following a meeting with the top U.S. diplomat … Continue reading
