GEAB Excerpt - China shows Europe the way out
It’s interesting to note that even with the worst will, the regions which
have future solutions are inexorably drawn towards them. All European leaders
seem to disdain partnerships with the BRICS, judging in all probability that
it’s better to stay on the side of their American “ally”. And yet, China has
succeeded in negotiating a beneficial Euro/Yuan swap agreement with the ECB
technocrats. At least the Eurozone succeeded in not refusing… As we have
already explained, up until now the European position didn’t suit Beijing since
it was mainly a “Dollar crutch” 30. What has just changed is the Chinese
extracting a significant share of trade between China and the Eurozone from the
clutches of the Dollar. In doing so, they are of course serving their own
proper interests, but they are pulling the Europeans from their paralytic
hesitation between the world before and the world afterwards as well.
Rents soaring across region
Rents in San Francisco are escalating at breakneck clips this year, largely
driven by an influx of tech workers. Oakland and San Jose likewise are seeing
steep run-ups...
Puerto Rico: Greece in the Caribbean
IT WILL not be long till Congress and the White House start squabbling
again about the budget in Washington, DC. But before they create another
artificial debt crisis, Barack Obama and his Republican opponents ought to pay
some attention to a real one 1,500 miles to their south-east...
Deutsche Bank profit slammed by legal charges
Deutsche Bank posted a 98 percent drop in quarterly pre-tax profit to 18
million euros ($24.81 million), below the lowest expectations, weighed by a
fall in trading income and a 1.2 billion euros increase in litigation
provisions...
Crise des subprimes: 107 milliards de dollars pour tourner la page
La dernière estimation de la facture globale de la crise financière pour
les banques américaines donne des sueurs froides. 107 milliards de dollars,
c'est ce que les établissements américains devraient verser en règlements à
l'amiable dans les prochaines années...
China Opens Capital Markets as U.K. Taps Overseas Yuan Business
The U.K. joined Hong Kong and Taiwan in being allowed by China to take part
in a program allowing offshore yuan to be invested in Chinese securities, a
move that bolsters efforts to internationalize the currency...
Britain to become first non-Muslim country to launch sharia bond
Britain is set to become the first non-Muslim country to sell a bond that
can be bought by Islamic investors in a bid to encourage massive new investment
into the City...
La surveillance de la NSA entraîne "un affaiblissement fort de
l’Amérique" sur le contrôle d'Internet
L'Icann débute officiellement une réflexion mondiale pour une nouvelle
gouvernance du réseau. L'instance veut diriger les travaux, notamment par le
sommet brésilien en avril, pour proposer une gestion mondiale d'Internet.
How many more birthdays for Hong Kong dollar peg?
Hong Kong’s currency peg to the U.S. dollar celebrated its 30th birthday
last week. But how many more anniversaries will it have? Local officials say it
will be around for many years to come, but two key developments suggest change
is a question of when not if...
Brazil’s oil auction - Cheap at the price
On October 21st the Libra field, off Rio de Janeiro’s coast (see map), was
sold to a consortium led by Petrobras, Brazil’s state-controlled oil firm, and
including France’s Total, Anglo-Dutch Shell and China’s state-owned CNOOC and
CNPC...
Sandy: un an après, les Rockaways peinent encore à se relever
Contreplaqué sur des supermarchés fermés, maisons à peine réparées et
soupes populaires, un an après Sandy, les Rockaways, langue de terre déshéritée
à l'extrême sud-est de New York, peinent toujours à se relever de l'ouragan...
The Real Significance of a China-EU Investment Treaty
On 18 October the European Union member states are set to pass the mandate
for the negotiation of an international investment agreement with China...
Iran—the new investment frontier?
Companies should start planning for Iran, analysts say, as the slow thawing
of diplomatic relations with the country could open the door to foreign
investment...
China is Now the World’s Largest Importer of Oil—What Next?
Last month the world witnessed a paradigm shift: China surpassed the United
States as the world’s largest consumer of foreign oil, importing 6.3 million
barrels per day compared to the United States’ 6.24 million...
U.S. Army sees budget cuts affecting weapons programs
U.S. defense budget cuts will affect the Army's plan to develop a new
ground combat vehicle and most other acquisition programs, with some facing
delays or cancellation, Army Secretary John McHugh said on Monday...
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