EMerging Equity
Archive for February 2015
North Korea Developing Submarine Capable Of Launching Ballistic Missile, Kyodo Says
North Korea is developing a submarine-launched ballistic missile (SLBM) according to a report on Friday from Japan’s Kyodo News Agency, who cited a senior United States military commander. According to Kyodo, Cecil Haney, a U.S. Navy admiral who currently serves as Commander of the U.S. Strategic Command, made the remark during testimony at a hearing at U.S. congress. The … Continue reading
Russia Considering Granting Chinese Investors Over 50% Share In Strategic Oil And Gas Fields
Russia is considering the idea of granting Chinese Investors over 50 percent share in strategic oil and gas fields, except for offshore, Russian Deputy Prime Minister Arkady Dvorkovich said on Friday, according to a report from TASS. “If there is a request from China, we will seriously consider it. And I see no political obstacles at the moment,” … Continue reading
High Hopes For World’s Longest Railway That Links China To Spain
A cargo train has just completed its maiden round trip journey of 16,156 miles on the world’s longest railway line that connects China to Spain and hopes are high that the new rail link will boost trade, according to an article on The Independent. The new Yixin’ou rail line spans from China and runs through Kazakhstan, Belarus, … Continue reading
Cargo Train Linking China And Kazakhstan Begins Service
China has begun a cargo train service that links its eastern port city of Lianyungang in the Jiangsu Province and Kazakhstan’s largest city and its financial hub, Almaty, the Global Times reports. The railway will be a new path for goods from central Asian countries for global shipment and will be a boost to the construction of … Continue reading
South Africa’s Power Crisis Takes A Toll On Its Economy
South Africa’s deepening power crisis, the worst crisis since 2008, triggers nearly daily outages across the nation which has impacted key industries in addition to households, has taken a toll on its economy. In 2014, South Africa’s economic growth came it at a paltry 1.5%, which is the lowest rate of growth in five years, the Financial Times (FT) reports. Although … Continue reading
Global Debt: The Tip And The Bulk Of The Iceberg
By Valentin Katasonov Despite the chilling nature of global debt and individual country debt figures cited in the report — Debt and (not much) deleveraging — published by the well-known consulting firm McKinsey in February 2015, for the most part these figures are incomplete and underestimated. The situation is in fact far worse. This is clearly illustrated by … Continue reading
Jordan, Israel Agree To Build $900M Red Sea-Dead Sea Desalination Plant
Jordan and Israel have signed an agreement on Thursday to build a $900 million water desalination plant in the Gulf of Aqaba and a pipeline that links the Red Sea with the Dead Sea, Reuters reports. The desalination plant will be constructed in the southern Jordanian port of Aqaba on the Red Sea and will desalinate … Continue reading
China Now Has More Submarines Than The U.S., Vice Admiral Says
China now has a larger submarine fleet than that United States, U.S. Vice Admiral Joseph Mulloy told lawmakers on Wednesday. Testifying before a congressional committee on Wednesday, Vice Admiral Mulloy, the deputy chief of naval operations for capabilities and resources, told the House Armed Services Committee’s seapower subcommittee that China is building “some fairly amazing submarines” and their … Continue reading
U.S. Gives Poland 45 ‘Free’ Armored Military Vehicles, But What’s The Catch?
The U.S. government has reportedly ‘donated’ 45 Mine Resistant Ambush Protected (MRAP) vehicles to the Polish Army, Xinhua reported on Wednesday, citing the Polish Press Agency. But what is the catch? The U.S. has been scaling down its military operations in Afghanistan, and they have been looking for ways to get rid of its surplus military equipment. One solution: … Continue reading
Argentine Judge Dismisses Coverup Allegation Against President Cristina Fernández
An Argentine judge on Thursday dismissed allegations that President Cristina Fernández had conspired to cover up Iran’s alleged role in the deadly bombing of a Buenos Aires Jewish center in 1994, Reuters reports. Argentine Judge Daniel Rafecas said that he would “discontinue” the case as “the evidence gathered far from meets the minimal standard,” Reuters reports, citing the … Continue reading
