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Emerging Asia Set For “Strong Growth” In 2015, 2016: ADB
Emerging Asia will maintain its strong economic growth in 2015 and 2016, supported by soft commodity prices and recovery in the major industrial economies, a new report from the Asian Development Bank (ADB) says. The ADB’s annual economic report, Asian Development Outlook 2015 (ADO), released on Tuesday, forecasts gross domestic product (GDP) growth in emerging … Continue reading
If You Can’t Beat ‘Em, Join ‘Em: U.S. Seeks Collaboration With China-Led Infrastructure Bank
The Obama administration, much to its embarrassment, in recent weeks has been spurned by its Western allies that have flocked to the $50 billion Chinese-led Asian Infrastructure Investment Bank (AIIB) — a potential rival to the Western-led IMF and World Bank — despite pleas from the White House to stand back amid concerns that Beijing will extend its influence in the … Continue reading
The U.S. Is Juggling Chaos And Coordination In Order To Contain China – OpEd
By Andrew Korybko It’s no secret by now that the US is dead set on containing China, yet it’s shying away from engaging in a direct confrontation with it. Instead, the US is managing a dual policy of creating chaos along China’s western and southwest reaches, while coordinating a containment alliance along its southeastern and northeastern … Continue reading
Growing Risks To Local Currency Bonds In Emerging East Asia, ADB Says
The Asian Development Bank (ADB) warned on Tuesday of growing risks to local currency bonds in emerging East Asia. In the ADB’s latest quarterly Asia Bond Monitor report it warns that widening credit spreads, a stronger U.S. dollar, Greece’s debt crisis, and falling oil prices are growing risks to local currency bonds in emerging East Asia. “While … Continue reading
Saudi Arabia, South Korea Sign Nuclear Cooperation Pact To Build Reactors
The leaders of Saudi Arabia and South Korea have agreed to cooperate to build more than two small and medium-size nuclear reactors in Saudi Arabia in a deal worth as much as $2 billion, South Korea’s Yonhap news agency reported on Tuesday. South Korean President Park Geun-hye arrived in Riyadh on Tuesday and met with King Salman … Continue reading
As China Becomes World’s New Industrial Super-Power: Obama’s “Pivot to Asia” And The Military Encirclement Of China
By Eric Sommer Obama’s recent visit to India netted a trove of economic, military, and nuclear power agreements with India. The visit – and the agreements – underscored the attempt by the U.S. state to utilize its ‘pivot to Asia’ to create military and economic alliances with other Asian nations in order to encircle and … Continue reading
Nicaragua Canal To Strengthen BRICS, Undermine U.S.
The Nicaragua Canal project undermines the US influence in Latin America and its control over the transoceanic routes, facilitating strengthening the role of BRICS, notably China and Russia in the region. . By Ekaterina Blinova, Sputnik News The Nicaragua Canal project has sparked controversy in the West, that fears the new interoceanic route will undermine the US’ … Continue reading
Plummeting Oil Prices: Factors Pushing Them Further Down
A recent surge in the price of oil is simply a “head-fake,” and oil as cheap as $20 a barrel could be around the corner in 2015, according to report from Citigroup that was released on Monday, February 9th. In Citigroup’s report, Edward Morse – the firm’s global head of commodity research – said that … Continue reading
Russia Steps Up Oil Supplies To Asia
Gulf producers may find it a struggle to keep their share of the global oil market as Russia is boosting crude exports to Asia after upping supplies by 25 percent to China, Japan and South Korea in 2014. Russia is the world’s third largest oil producer and has increased oil supplies to Asia to 51 … Continue reading
Global Debt Has Soared By $57 Trillion Since The 2007-08 Financial Crisis
Global debt has soared by $57 trillion since the outbreak of the financial crisis in 2007, with the debt to GDP ratio jumping to above 500 percent in Japan. This raises questions about financial stability and poses a threat of another crisis. “After the 2008 financial crisis and the longest and deepest global recession since … Continue reading
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