By Miguel Ferreyra de Bone Following the decision of the Chinese government to trim interest rates and adjust the requisites of bank reserves for commercial banks, we are starting to see some improvement from the 20% loss in the Shanghai stock exchange last week. More losses in emerging markets should be expected, however. The financial turmoil that the … Continue reading
By Daniel Schearf Russia’s auto industry appears to be in reverse along with the contracting economy and sliding ruble. At the opening of the International Moscow Automotive Forum this week, a Russian business association representative spoke openly about the crisis facing industry leaders, his concern echoing industry insiders who say the country relies too heavily on … Continue reading
By Abhijit Singh One of the more interesting aspects of Asian maritime politics is the Russia-China naval relationship. Both are major maritime powers with considerable stakes in regional security. Like Beijing, Moscow has sought to safeguard its maritime interests in strategically vital spaces in the Asia-Pacific by initiating a military modernisation programme aimed at projecting a … Continue reading
By Stratfor Global Intelligence The recent fluctuations in China’s currency typify the best and worst of a globalized world, where developments in one place can instantly change the political and financial calculations of governments in others. For most of human history, the communities, cultures and economies of the world existed independently of one another, separated … Continue reading
By Leslie Maasdorp Last month marked the official launch of the New Development Bank (NDB) in Shanghai. After the short-lived fanfare and excitement, the real work is now well under way to build, from humble beginnings, a new global development finance institution. The historical context that gave rise to the BRICS (Brazil, Russia, India, China and … Continue reading
Kazakhstan’s currency fell by a record 23 percent in trade on Thursday after the country abandoned control of its exchange rate, as it became the latest emerging market to scrap efforts to prop up its currency before the U.S. Federal Reserve hikes interest rates. Kazakhstan is shifting to a free float of its currency and will pursue an inflation-targeting monetary … Continue reading
Eastern Ukraine has recently seen its worst period of attacks by Russian-backed separatists since they captured the town of Debaltseve in February. It had fallen in the days after the two sides reached the Minsk-2 ceasefire agreement. Ukraine, Russia and the West have repeatedly underlined the importance of Minsk 2, but whether it has been … Continue reading
Following a week after China’s first major currency devaluation in over two decades, which rattled global markets throughout the week, as emerging market currencies where hit the hardest, and thus drove currencies in Colombia and Turkey to new record lows. Let us take a look at the biggest losers in the emerging markets from the ordeal: Malaysia’s ringgit and Indonesia’s … Continue reading
Why does the Russian media seem to be far more on the ball than the mainstream media in the United States much of the time? Could it be possible that Russian reporters have more freedom to talk about important issues than reporters that work for the major corporate conglomerates in the United States do? By … Continue reading
Vladimir Putin met with Governor of the Central Bank Elvira Nabiullina to discuss the banking sector’s work over the first half of 2015. By The Kremlin Ms Nabiullina also spoke about progress on establishing the national payment system and national rating agency. * * * President of Russia Vladimir Putin: Ms Nabiullina, the Central Bank is doing a lot to strengthen the national currency, or at least, to keep it stable and maintain … Continue reading