By Kristian Rouz Imbalances in international trade, the dollar’s strength, low commodity prices and capital flight from emerging markets have all contributed to the increased financial and economic risks this outgoing quarter, albeit the short-term outlook is getting better due to faster growth in the US and the Eurozone. As third quarter earnings season nears, both … Continue reading
Investors are fleeing emerging markets at the fastest pace seen since the height of the global financial crisis, according to the IIF. . Investors are fleeing emerging markets (EMs) at the fastest pace seen since the height of the global financial crisis as $40 billion in assets from EMs was pulled in the third quarter, according to a … Continue reading
With a weak outlook for commodity prices, particularly for energy and metals, growth in commodity-exporting emerging and developing economies could slow further over the next few years, says a new study. The study, published in the forthcoming 2015 World Economic Outlook, suggests that the recent declines in commodity prices could shave off one percentage point … Continue reading
By Ante Batovic As oil prices continue to go south and emerging markets remain in turmoil, Russia is struggling to keep its sanction-affected economy floating. For years, the Russian economy enjoyed stable growth rates supported by high commodity prices – oil and gas, in particular. Everything changed in 2014, when a combination of Western sanctions … Continue reading
By F. William Engdahl By the day it’s becoming clearer that what I have recently been saying in my writings is coming to be. The OPEC oil-producing states of the Middle East, including Iran, through the skillful mediation of Russia, are carefully laying the foundations for a truly new world order. The first step in testing … Continue reading
By Rabah Arezki and Akito Matsumoto “It was the best of times, it was the worst of times.” With these words Charles Dickens opens his novel “A Tale of Two Cities”. Winners and losers in a “tale of two commodities” may one day look back with similar reflections, as prices of metals and oil have … Continue reading
By Ante Batovic A year after the beginning of the biggest oil price slump in a decade, it is worthwhile to assess the current state of affairs and estimate the costs both for the global economy and the political stability of oil exporting countries. The oil industry was caught unprepared by the sudden slump in oil … Continue reading
By Jeff Desjardins, Visual Capitalist Every day, the world consumes 93 million barrels of oil, which is worth $4.2 billion. Oil is one of the world’s most basic necessities. At least for now, all modern countries rely on oil and its derivatives as the backbone of their economies. However, the price of oil can have significant swings. … Continue reading
By Peter Koenig and The Saker The Saker: How is Russia coping with sanctions so far and what are the prospects for the future? Peter Koenig: Let’s begin with what are ‘sanctions’? – Sanctions are (economic) punishments by the self-proclaimed empire in Washington and its European minions on any country that does not follow the … Continue reading
A rout in emerging market (EM) stocks and currencies has deepened amid a series of devaluation events, oil prices at a six-year low and continuing to plunge amid a global glut, concerns about the U.S. Fed hiking interest rates, and growth concerns in China. Indeed, last week was a rough week for emerging markets: EM currencies … Continue reading