EMerging Equity
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‘If OPEC Members Keep Defending Their Share, All Of Them Will Lose’
The oil price will continue to decline and all OPEC countries will lose, unless they stop defending their individual shares in the global market and agree on cutting production, World Bank oil and energy consultant Mamdouh Salameh told RT. RT: The Iranian president has implied that OPEC producers are tanking the prices on purpose. Do … Continue reading
Russia’s Putin, Venezuela’s Maduro To Meet For Talks On Oil, Finance – TASS
Russian President Vladimir Putin is due on Thursday to hold talks with his Venezuelan counterpart Nicolas Maduro, who will arrive in Russia on a working visit, presidential spokesman Dmitry Peskov has said. “In fact, President Putin plans to hold such a meeting on Thursday,” Peskov said, confirming earlier reports from Venezuelan sources. The sides will … Continue reading
Re-Drawing The ASEAN Map: How Companies Are Crafting New Strategies In Southeast Asia
By Baker & McKenzie Southeast Asia is one of the most exciting parts of the world. The region has seen significant increases in foreign direct investment in recent years. The profile of South-east Asia, and the ASEAN bloc, is clearly rising around the world. Companies investing in the region — both local and foreign — face … Continue reading
Analytic Guidance: Considering A Coup In Venezuela
By Stratfor Global Intelligence Venezuelan President Nicolas Maduro is in an increasingly tenuous position. During his nearly two-year time in office, Maduro has contended with an increasingly weak national economy, eroding his ability to manage the various factions within the ruling United Socialist Party of Venezuela (PSUV). In this context, widespread unconfirmed reports have emerged, none … Continue reading
Fragile Economic Recovery Faces Major Risks, World Bank Says
By The World Bank Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger U.S. economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, says the World Bank Group’s Global Economic Prospects (GEP) report, released … Continue reading
Saudi Prince Says Oil Will ‘Never Reach $100 Per Barrel Again’
Amid the plunge in oil prices, Saudi billionaire businessman Prince Alwaleed bin Talal in a recent interview late on Monday with Maria Bartiromo in the USA Today said that oil prices will never reach $100 per barrel again. Markets responded, and oil prices crashed over 3% to levels that have not been seen in six years. The Saudi Prince who … Continue reading
A Look At Why Brazil Is A Surprisingly Closed Economy
How Closed to Trade is the Brazilian Economy? By Otaviano Canuto, Cornelius Fleischhaker, Philip Schellekens This article was originally published on VoxEU.org Macro-level indicators: According to traditional macro-level measures of trade penetration (share of exports and imports in GDP), Brazil is an unusually closed economy. For Brazil this measure was only 27.6% in 2013 – a figure among … Continue reading
UAE Oil Minister Says OPEC Not Considering Output Cut As Brent Falls Below $46 To Lowest Level In Nearly Six Years
The United Arab Emirates (UAE) Oil Minister, Suhail bin Mohammed al-Mazroui, said on Tuesday that the fall in oil prices was not justified, as the price in Brent crude oil fell below $46 a barrel in Asian trading hours to the lowest level in nearly six years. The UAE Oil Minister, speaking at an energy … Continue reading
Japan, China Agree To Create Comm Mechanism To Avoid Maritime And Air Disputes
Japan and China have agreed to create a special communication mechanism to avoid unintended maritime and air clashes, Japanese Defense Minister Gen Nakatani told journalists on Tuesday. The minister said this is a “very important step taking into account the high risk of such incidents, including in the East China Sea.” Tokyo and Beijing resumed … Continue reading
India Laying Foundation For Even Faster Economic Growth, World Bank President Says
By The World Bank World Bank Group President Jim Yong Kim said India is pursuing reforms that could accelerate growth in its economy and this could more rapidly reduce poverty and spread prosperity to more people in the country who are marginalized and vulnerable. Speaking at the “Vibrant Gujarat” conference, Kim praised Prime Minister Narendra Modi and … Continue reading
