EMerging Equity
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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
South Stream 2.0: The Energy Wars Continue (Part I)
By Pyotr Iskenderov In the next few years, Russia’s decision to put a stop to the South Stream project will become a deciding factor in how the energy situation develops not just in Europe, but in the whole of the Eurasian continent. Essentially, we are dealing with an energy war unleashed by the United States … Continue reading
S&P Threatens Russia With Junk Rating If It Raids National Wealth Fund
By BNE IntelliNews Russia’s sovereign credit rating risks being downgraded to “junk” by Standard & Poor’s if the government carries through a proposal to raid its so-called rainy day wealth fund, the ratings agency said on November 26. The cash-strapped Russian government is hunting for ways to finance budget spending and money to prop up indebted state-owned … Continue reading
Russia To Shift Rail Route To Avoid Going Through Ukraine
By Paul Goble Russia frequently seeks to reroute oil and gas pipelines and railway routes in order to bypass those neighboring countries that it hopes to put pressure on. In turn, the West puts forth competing pipeline and transit corridors whose aim is to allow these same countries to escape Moscow’s sphere of influence. However, another … Continue reading
Russia’s Position In The Struggle Against ISIS
By Hasan Selim Ozertem JTW Changing balances in the Middle East were made more visible after ISIS’s invasion of Mosul on June 12, 2014. Coming to take command of 30,000 militants in such a short period of time, ISIS has transformed from a militia into a full-fledged organization that has come to play the lead … Continue reading
Russia ETFs’ Fate Lies In Recovering Oil Prices
By Tom Lydon ETF Trends Russian stocks and related exchange traded funds could be in for more pain ahead as Moscow warns of an economic recession if crude oil prices slide to $60 per barrel. Russia equity ETFs are already in a bear market. Year-to-date, the Market Vectors Russia ETF (NYSEArca: RSX) declined 28.7%, iShares … Continue reading
Russian Stocks’ Secret Membership Of Euroclear
By Ben Aris Russian stocks are now clearable by the two biggest international settlement systems, Euroclear Bank and Clearstream Banking. At the press of a button earlier this year it became possible to buy shares in Russia’s blue-chip companies listed in Moscow from the comfort of a chair on a London trading desk. It is a … Continue reading
Russia Faces Global Isolation, Further Sanctions Amid Ongoing Crisis In Ukraine, Cameron And Obama Warn At G20
Europe and the U.S. have sent a clear message to Russian President Vladimir Putin during the G20 Summit in Brisbane that the nation faces isolation from the global community and further sanctions if the crisis in Ukraine is not resolved, British Prime Minister David Cameron and U.S. President Barack Obama said on Sunday, according to … Continue reading
Could Bad News For Russia Spell Good News For Investors?
By BNE Investors could achieve returns of up to 50% on Russian equities in 2015 if tensions in eastern Ukraine abate and current sanctions are lifted, predicts Russian investment bank Renaissance Capital (Rencap). Speaking to BNE, Charles Robertson, Chief Global Economist at Rencap, argues that, “Russia may well offer some of the best returns you will … Continue reading
Post-Communist Europe And The IMF – 25 Years Of Transition (Iconographic Summary)
The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration into the global economy. But the task of building full market economies has not been easy. Liberalization of trade and prices came quickly, but institutional reforms — in areas such as governance, competition policy, labor markets, privatization … Continue reading
