EMerging Equity
Archive for December 5, 2014
Mark Galeotti On Russia’s ‘Turbulent’ 2014
How has Moscow’s annexation of Crimea impacted the lives of ordinary Russians? Also, has the Ukraine crisis dramatically changed perceptions of Vladimir Putin at home and abroad? Find the answers to these questions and more in today’s question and answer session with NYU’s Mark Galeotti. By Mark Galeotti for ISN ISN: In 2013, Vladimir Putin … Continue reading
Venezuela ‘Seizing’ Diamonds, Precious Metals To Boost Reserves
The Central Bank of Venezuela is adding diamonds, gold and other precious stones and metals to its foreign reserves which have fallen to an 11-year low. The bank said in a statement issued Thursday it intends to use a broader range of assets to increase international reserves, it will also include freely convertible foreign currencies. … Continue reading
Latin America’s Soon To Be Entrepreneurial Hotbed
Best known for the austere lifestyle of its outgoing president, Jose Mujica, Uruguay is a small country of 3.3 million individuals nestled in between the two South American powerhouses of Brazil and Argentina. Uruguay has been long dependent on foodstuff exports to fuel its economy. While this country is still reliant on exports of these … Continue reading
Ukraine’s Foreign Reserves Melt To Six Weeks’ Import Cover
BNE IntelliNews Ukraine’s foreign reserves fell to only $9.966bn in November, or six weeks’ import cover, according to figures released by the National Bank of Ukraine (NBU) on December 5. Three months’ import cover is regarded by the International Monetary Fund as the critical threshold for import cover, under which a country becomes vulnerable to a balance of payments … Continue reading
Putin Offers Russian Business ‘Full’ Offshore Capital Amnesty
By BNE IntelliNews Russian President Vladimir Putin has announced a complete capital amnesty, allowing businesses to repatriate offshore funds without fear of the consequences. “We need to finally turn the ‘offshore page’ in the history of our economy and country,” Putin told the federal assembly in his annual address. “If someone legalises his funds and property in Russia, he … Continue reading
Medium Term Outlook For The Russian Stock Market
By Maxim Achkasov Russian RTS Index broke a key support level of 1000 on Nov 7, 2014 and moved lower trading on Dec 5 at 918 level as I type. In the next few weeks we see the following factors, which will influence the performance of Russian equities. NEGATIVE FACTORS Continued Geopolitical crisis in Ukraine … Continue reading
America Is On A “Hot War Footing”: House Legislation Paves The Way For War With Russia?
By Prof Michel Chossudovsky America is on a war footing. While, a World War Three Scenario has been on the drawing board of the Pentagon for more than ten years, military action against Russia is now contemplated at an “operational level”. Similarly, both the Senate and the House have introduced enabling legislation which provides legitimacy to the conduct of … Continue reading
Putin Says Bank Of Russia `Must Do Everything’ To Protect Ruble From Speculators, And Has Tools To Do So
The Russian president says the government knows exactly who is profiting from speculation against the Russian ruble, and that the government and central bank have tools to punish them. “The government knows who these profiteers are. It is time to do something about them,” Vladimir Putin said during his 11th state of the nation address … Continue reading
Kazakhstan, Turkmenistan, And Iran Launch Railroad To Get Trade On Track
By Joanna Lillis The Presidents of Kazakhstan, Turkmenistan, and Iran have opened a long-anticipated railroad link connecting landlocked Central Asia to the Persian Gulf. On the Turkmen-Iranian border, Gurbanguly Berdymukhamedov of Turkmenistan, Hassan Rouhani of Iran, and Nursultan Nazarbayev of Kazakhstan donned white gloves to bolt together a final section of track that was symbolically … Continue reading
Vladimir Putin’s Annual Address To The Federal Assembly – The Full Text
By The Moscow Kremlin Vladimir Putin made his Annual Address to the Federal Assembly. As is tradition, the Address took place at the Kremlin’s St George Hall before an audience of more than 1,000 people. In his Address, the President set out his views on the situation in Ukraine and outlined Russia’s position with regard … Continue reading
