EMerging Equity
Archive for May 2015
China May Official PMI Seen Colourless: Stimulus Measures Ineffective?
“China’s factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy,” Reuters reports. The official manufacturing Purchasing Managers’ Index, known as PMI, is forecast to inch up to 50.2 from April’s … Continue reading
Outflow From The Largest US Oil ETF Reached $1 Billion In April-May
The biggest U.S. exchange-traded fund (ETF) that tracks oil, the United States Oil Fund, known as USO, is heading for the largest two-month outflow in six years. Investors are worried that it could be the end of crude’s 30 percent rally. Shareholders of the USO have withdrawn almost $1 billion so far since the beginning of April, … Continue reading
Chinese Submarines In Sri Lanka Unnerve India: Next Stop Pakistan?
By Vijay Sakhuja The sighting of Chinese submarines in the Indian Ocean has unnerved India. A People’s Liberation Army Navy (PLAN) Song-class conventional submarine along with Changxing Dao, a Type 925 submarine support ship, docked at the Chinese-run Colombo International Container Terminal (CICT) in Sri Lanka last September (China Military Online, September 24, 2014). The two … Continue reading
Troublesome Times For The Mongolian Economy
By Mark Goleman In early October of 2014, the Mongolian coalition democratic government, because of its policy known as the “Reform Government” at the initiative of Prime Minister Norovyn Altankhuyag proposed a reform of the government by reducing the number of ministries from 16 to 13 by their merger, updating their composition, etc. Norovyn Altanhuyag, in … Continue reading
Why Brazil Cannot Afford to Stall Its Mining Law Any Longer
By Stratfor Global Intelligence The Brazilian legislature will soon decide whether to move forward with approving a new mining law that has been stuck in the National Congress since 2013, replacing the code that has been in place since 1967. In its current form, the new law would establish auctions for mining concessions and raise … Continue reading
China: Silk Roads And Open Seas
By Pepe Escobar Beijing’s disclosure earlier this week of its latest military white paper, outlining a new doctrine moving beyond offshore defense to “open seas” defense, predictably rattled every exceptionalist’s skull and bone. Almost simultaneously, in Guangzhou, the annual Stockholm China Forum, hosted by the German Marshall Fund and the Shanghai Institute for International Studies, was … Continue reading
India’s Economy Growth Ahead Of China In Q1: Economists Doubtful
“India’s economy grew faster than China’s in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity,” Reuters reports. Asia’s third-largest economy grew 7.5 percent year-on-year in the last quarter. The result is better … Continue reading
A Recession Within A Recession
On Friday, the federal government announced that the U.S. economy contracted at a 0.7 percent annual rate during the first quarter of 2015. This unexpected shrinking of the economy is being primarily blamed on “harsh” weather during the first three months of this year and on the strengthening of the U.S. dollar. By Michael Snyder … Continue reading
U.S. Condemns China’s Reclamation In South China Sea, Urges Regional Agreement On Code Of Conduct
U.S. Defense Secretary Ashton Carter says that China’s land reclamation in the South China Sea is “out of step with international rules” and that the United States opposes “any further militarization” of the disputed lands. The U.S. is “deeply concerned” about the scale of China’s island building and the prospect of further militarization of theses … Continue reading
U.S. Defence Secretary Sets Stage For Confrontation With China
By Peter Symonds In the lead-up to this weekend’s Shangri-La Dialogue in Singapore, US Defence Secretary Ashton Carter on Wednesday bluntly declared that the US would continue its military provocations against China in the South China Sea. The Pentagon deliberately inflamed tensions with Beijing last week by allowing a CNN news crew to fly on board a … Continue reading
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