EMerging Equity
Archive for June 15, 2015
Saudi Arabia: 100 Executions In 6 Months
“Saudi Arabia has beheaded a Syrian drug trafficker, rocketing the number of this year’s executions in the Kingdom to 100. This figure is already more than the 87 sentenced and put to death in the country during the whole of last year,” RT reports. The execution took place on Monday in the northern region of … Continue reading
Zimbabwe Phases Out Local Currency At 35 Quadrillion To US$1
Zimbabwe has started retiring its almost worthless local currency in favor of the US dollar. Today, 35 quadrillion Zimbabwean dollars are equal to US $1, as a result of hyperinflation which hit the country in 2009. The demonetization process of the Zimbabwe dollar started on Monday and will run till September 30. People with accounts … Continue reading
Saudi Arabia Opens Up $585B Stock Market To Direct Foreign Investment
“Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices,” The Street reports. “The opening of the Tadawul Saudi Stock Exchange allows companies, particularly those that are not in the oil business, to raise … Continue reading
‘You’re Fired – Now Train Your Much Cheaper Foreign Replacement’
If you were laid off from your job, would you be willing to train your replacement if your company threatened to take away your severance pay if you didn’t do it? By Michael Snyder And how would you feel if your replacement came from India, and the only reason your company was replacing you was … Continue reading
China Plans Major Solar Power Plant In Kenya Linked To A $5 Billion Investment Project
“China is set to construct a solar power plant in Kenya as part of an ongoing investment plan between the two countries (…) The 50-megawatt plant, which is planned to be built in the city of Garissa, will be financed by the Export-Import Bank of China,” China’s ambassador to Kenya,” Liu Xianfa, said according to International Business … Continue reading
Greece: A Credible Deal Will Require Difficult Decisions By All Sides
The status of negotiations between Greece and its official creditors – the European Commission, the ECB and the IMF – dominated headlines last week. At the core of the negotiations is a simple question: How much of an adjustment has to be made by Greece, how much has to be made by its official creditors? … Continue reading
Follow Us On Social Media
