EMerging Equity
Southeast Europe
Turkey’s Erdoğan Calls On Iran To Use Local Currencies In Trade, Ditch Dollar And Euro
Turkey is pushing for Iran to switch to use local currencies in bilateral trade and ditch the euro and the U.S. dollar in the latest effort amongst emerging market nations to further de-dollarization. According to Bloomberg, Turkish President Recep Tayyip Erdoğan used a meeting with his Iranian counterpart Hassan Rouhani in Tehran to lobby for dropping euros and … Continue reading
China’s Bank And Waning U.S. Hegemony – OpEd
By Jack Rasmus Two events occurred last week that mark a further phase in the waning of US global economic hegemony: China introduced its own Economic Development Bank, the ‘Asian Infrastructure Investment Bank’ (AIIB); the IMF simultaneously announced it will decide in May to include the Chinese currency as a global reserve-trading currency alongside the … Continue reading
Turkey Seizes Bank Asya In New Crackdown On Gulen Movement
By David O’Byrne Turkish banking officials have seized control of Bank Asya, an Islamic bank believed to be controlled by supporters of US-based Turkish cleric Fetullah Gulen, while on the same day Turkey’s foreign ministry confirmed that Gulen’s Turkish passport had been cancelled. Turkey’s banking regulator, the BDDK, announced in a statement issued late on February … Continue reading
Chevron Hammers Another Nail Into Polish Shale Gas Coffin
By Tim Gosling in Prague BNE Chevron announced on January 31 that it is to quit its hunt for Polish shale gas. The last but one energy major to traipse out of the country, the US giant looks to have put the final nail in the coffin of Warsaw’s dreams of leveraging its shale reserves to … Continue reading
How China’s Balkan Silk Road Can Resurrect The South Stream – OpEd
By Andrew Korybko Oriental Review China is extending its Silk Road into the Balkans, with a planned project to construct a railroad from the Greek port of Piraeus all the way to Budapest. This would connect Beijing’s primary port of entrance for its commercial goods to one of Central Europe’s main transport conduits, thereby pushing … Continue reading
