EMerging Equity
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Could Vietnam Become A Proxy For Others In Maritime Disputes?
By Thuy T. Do Vietnam’s diplomacy saw many successes in 2014, but also faced many challenges. In early May, the country saw the worst maritime tension with China since their 1988 naval clashes in the South China Sea (SCS). The placement of China’s oil rig in Vietnam’s claimed exclusive economic zone and the tense vessel … Continue reading
Africa: Plummeting Commodity Prices Might Lead To A New Debt Crisis – OpEd
By Eric Toussaint Debt Euphoria In 2014, Rwanda and Ethiopia, two of the world’s poorest countries, sold public debt bonds on the financial markets of the most industrialized countries. While still unstable after civil wars and with debt payments suspended hardly three years ago, the Ivory Coast also managed to find private lenders willing to buy … Continue reading
Pakistan’s Finance Minister Wants Investors To Bet On Pakistan — And Feel Safe Doing So
By Nikkei Asian Review Pakistan’s government has its hands full. The cabinet of Prime Minister Nawaz Sharif, formed in June 2013, is simultaneously attempting to spark economic growth, privatize state-owned companies, resolve energy shortages and deal with extremists within and around the nation’s borders. As Finance Minister Ishaq Dar made clear in two wide-ranging conversations with … Continue reading
World’s Cheapest Electricity To Be Produced In Dubai
By Sputnik Dubai has launched an ambitious solar power plant project planning to produce up to 1,000 megawatts of the world’s cheapest electricity by 2030. “Dubai Electricity & Water Authority [DEWA] awarded a contract to build the 200-megawatt plant to a group led by Saudi Arabia’s ACWA Power International. The 1.2 billion dirham ($330 million) generating station will be completed in April 2017,” Bloomberg … Continue reading
‘Financial Meteorologists’ And Their Political Predictions About The Russian Economic Storm – OpEd
By Andrew Korybko Credit rating agencies are predicting quite a storm for the Russian economy, and they are therefore threatening to lower the country’s status to ‘junk’ level. Just as a weatherman may be incorrect about their storm predictions, so too may a ‘financial meteorologist’, except the latter has ulterior motives in doing so. S&P has … Continue reading
Venezuela’s Auto Production Tumbles 72.5% In 2014 To Worst On Record
Venezuela’s national automakers organization – Cavenez – says that auto production in the recession-hit nation tumbled 72.5 percent in 2014 to a meager 19,759 units, the worst performance on record, Reuters reported on Saturday. In Venezuela, automakers – alongside private businesses – have been challenged as the government’s currency controls have inhibited them from importing … Continue reading
Western Sanctions And Russia’s Oil And Gas Challenges – OpEd
By Michael Bradshaw Russians did not actually celebrate Christmas until the 7th of January, but no doubt most are wishing for a rapid rebound in the oil price and a significant recovery in the value of the ruble. Unfortunately, neither seems likely anytime soon. Similarly, Western governments—led by the US and EU—are unlikely to lift … Continue reading
Moody’s Downgrades Russia To Just Above Junk Level
Moody’s international ratings agency has downgraded Russia’s sovereign credit rating to Baaa3, which is just one notch above the non-investment grade. It follows similar moves from Fitch and Standard & Poor’s. The agency said the sharp decline in oil prices and Russia’s national currency – which could further undermine the country’s “subdued growth prospects” – … Continue reading
China Ready To Sell Nuclear Fuel For NPPs In Ukraine, Eastern Europe — CNNC Source
China is ready to sell fuel for nuclear power plants in Ukraine and Eastern Europe, a China National Nuclear Corporation (CNNC) source told TASS on Friday on the sidelines of the World Nuclear Spotlight forum. According to the source, Chinese companies intend to sell the fuel to the countries that operate various types of Soviet-and … Continue reading
Russian International Reserves Fall $33.4B In December To Lowest Level Since August 2009
Russian international reserves contracted by $33.4 billion to $385.7 billion in December last year, the Central Bank said on Friday. Russia’s international reserves are currently at their lowest level since August 2009. During the crisis of 2008-2009, the country’s international reserves were seen to plummet to as low as $376 billion (mid-March 2009). Russian international … Continue reading
