EMerging Equity
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Eurasian Economic Union Is Open For New Partners, Putin Says
The Russia-led Eurasian Economic Union has huge potential to expand and is open to cooperation with partners in the East and West, President Vladimir Putin said at the EEU summit in Moscow. “The increase in the number of members is beneficial to the union itself. It boosts its market capacity and contributes to the strengthening … Continue reading
Israel To Drill For Oil In Occupied Syrian Golan
By The Middle East Monitor Israel has approved an exploratory oil drilling programme in the occupied Syrian Golan Heights, at a time when the unrest in Syria has meant that no party is fully in control of the region. Israel’s Makor Rishon newspaper yesterday revealed that recent explorations in the region exposed a high probability of … Continue reading
South Africa’s Power Crisis Inhibits Growth
By Alexia Jablonski Scheduled blackouts – termed “stage 3 load shedding” – were made to areas in rotation to prevent the entire system from collapsing. Severe strains on the power grid were prompted by the collapse of a coal silo at the Majuba power plant on November 1st. The power plant is managed by the … Continue reading
China Challenges U.S. Economic War Against Russia
By Alex Lantier Directly challenging the NATO powers’ policy of cutting off credit to Russia to undermine the ruble and bankrupt the Russian economy, China is pledging to extend financial aid to Moscow. On Saturday, Chinese Foreign Minister Wang Yi stressed the need for mutual aid between China and Russia in remarks on the ruble … Continue reading
Ruble, Oil, Shale Gas, Derivatives, And “American Hegemony” – OpEd
By Federico Pieraccini There are two central issues related to the devaluation of the ruble and the dollar appreciation to keep in mind: the preservation of “American hegemony” and the speculative bubble of derivatives linked to the Shale Gas industry. Without these elements, it is impossible to understand what are the reasons and the consequences of … Continue reading
China, Egypt Sign Strategic Partnership
China and Egypt announced the establishment of “bilateral comprehensive strategic partnership” Tuesday, according to state media in Beijing. Xinhua news agency said President Xi Jinping and Egyptian President Abdel Fattah al-Sisi, who is on a four-day visit to China, signed a joint document setting up the partnership. The deal is believed to focus on Chinese … Continue reading
Bank Bailouts Begin As Russia Faces Biggest Challenge To Date
By Dr. Anastasia Nesvetailova The dramatic slide in the value of the rouble has claimed its first banking casualty. Trust Bank is being bailed out by the Russian Central Bank to the tune of US$530m. The emergency liquidity line is intended as life support for one of modern Russia’s more established banks. So much for president … Continue reading
Oil Price Drop Highlights Need For Diversity In Gulf Economies
By IMF Decline in oil prices highlights need to diversify Gulf economies Oil revenues distort incentives for region’s firms and workers New export markets, better education, fewer government jobs will be key Countries of the Gulf Cooperation Council (GCC) will have to adjust the incentives of workers and firms to encourage them to work and … Continue reading
China’s Triangle Diplomacy
By Mel Gurtov Back in the days of Richard Nixon and Henry Kissinger, the “strategic triangle” with the Soviet Union and China was the great game. The idea was to play off the two communist powers against one another, relying on their ideological warfare under Mao, deep cultural differences, and open conflict in border regions … Continue reading
Why Brazil Is Its Own Worst Enemy
By Daniel Wagner Many common perceptions foreign investors have about Brazil are misplaced. By all rights, given its size, location, and natural resource base, Brazil should be an economic juggernaut. But the truth is that Brazil should never have been designated a BRIC because it is a poorly managed economy that has rarely lived up … Continue reading
