"Russia has warned Western and Arab nations against arming the Syrian rebels, saying it would only make the situation worse.
"It is clear as day that even if the opposition is armed to the teeth, it will not defeat the Syrian army, and there will simply be slaughter and mutual destruction for long, long years," Russian Foreign Minister Sergei Lavrov said, according to RT..."
at http://www.businessinsider.com/syrian-rebels-armed-to-the-teeth-wont-defeat-assad-russia-2012-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1r6WIbIrb
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Showing posts with label West. Show all posts
Showing posts with label West. Show all posts
Wednesday, April 4, 2012
Tuesday, April 3, 2012
Guest Post: Four Signs Of Asia’s Rise Over The West
"Most westerners refuse to believe it. They can’t envision an era in which the
west doesn’t lead the world… in everything. And yet, that time is already upon
us. Perhaps nowhere is this more pronounced than in finance:
1) Hong Kong, from whence I write this missive, has been home to the most public offerings in the world ever since overtaking New York in 2009. In 2010, more than $57 billion was raised in Hong Kong IPOs, roughly twice as much as New York.
From Italian luxury house Prada to the luggage maker Samsonite to Swiss metals house Glencore to the US handbag maker Coach, big names have been attracted to Hong Kong. Rovio, the creator of the popular Angry Birds game, is expected to list in Hong Kong as well.
Whereas it was once the obvious choice to list in the US (or London), Hong Kong has now become the best option for most businesses seeking public capital.
2) According to the Financial Times’ Banker intelligence unit, Singapore leads every other major financial center in the world in financial sector foreign investment.
The top three, in fact, are Singapore, Dubai, and Hong Kong. Singapore receives more financial sector foreign investment than New York, London, Frankfurt, and Switzerland combined.
Money goes where it is treated best… and the market is telling us that Singapore is the right destination.
3) According to a new study from the Inter-American Dialogue, China is now dominating emerging market development finance, especially in Latin America.
In the past, countries like Brazil, Ecuador, and Venezuela went to the World Bank and IMF when they needed money. But now these vestigial organizations of the old western hierarchy are becoming a sideshow to Chinese financial muscle.
The study shows that, since 2005, Chinese banks have loaned more money and made more loan commitments to Latin America than the World Bank and International Development Bank combined… and they’re doing it at higher interest rates.
Why? Because developing nations have figured out that when you take the World Bank’s money, you have to put up with them telling you how to run your government. Chinese bank loans don’t come with political strings attached.
It’s extraordinary that this is happening in the US’s backyard.
4) The most obvious sign of Asia’s rise is the perhaps now forgone conclusion of China’s currency becoming a new global reserve option to compete with the dollar and euro.
Every month it seems, there is a new move to loosen China’s once-strict currency controls and open up– new central bank currency swaps, renminbi (RMB)-denominated futures contracts in Chinese exchanges, the introduction of RMB accounts at non-Chinese banks, non-Chinese companies issuing bonds in RMB, etc..."
at http://www.zerohedge.com/news/guest-post-four-signs-asia%E2%80%99s-rise-over-west
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1) Hong Kong, from whence I write this missive, has been home to the most public offerings in the world ever since overtaking New York in 2009. In 2010, more than $57 billion was raised in Hong Kong IPOs, roughly twice as much as New York.
From Italian luxury house Prada to the luggage maker Samsonite to Swiss metals house Glencore to the US handbag maker Coach, big names have been attracted to Hong Kong. Rovio, the creator of the popular Angry Birds game, is expected to list in Hong Kong as well.
Whereas it was once the obvious choice to list in the US (or London), Hong Kong has now become the best option for most businesses seeking public capital.
2) According to the Financial Times’ Banker intelligence unit, Singapore leads every other major financial center in the world in financial sector foreign investment.
The top three, in fact, are Singapore, Dubai, and Hong Kong. Singapore receives more financial sector foreign investment than New York, London, Frankfurt, and Switzerland combined.
Money goes where it is treated best… and the market is telling us that Singapore is the right destination.
3) According to a new study from the Inter-American Dialogue, China is now dominating emerging market development finance, especially in Latin America.
In the past, countries like Brazil, Ecuador, and Venezuela went to the World Bank and IMF when they needed money. But now these vestigial organizations of the old western hierarchy are becoming a sideshow to Chinese financial muscle.
The study shows that, since 2005, Chinese banks have loaned more money and made more loan commitments to Latin America than the World Bank and International Development Bank combined… and they’re doing it at higher interest rates.
Why? Because developing nations have figured out that when you take the World Bank’s money, you have to put up with them telling you how to run your government. Chinese bank loans don’t come with political strings attached.
It’s extraordinary that this is happening in the US’s backyard.
4) The most obvious sign of Asia’s rise is the perhaps now forgone conclusion of China’s currency becoming a new global reserve option to compete with the dollar and euro.
Every month it seems, there is a new move to loosen China’s once-strict currency controls and open up– new central bank currency swaps, renminbi (RMB)-denominated futures contracts in Chinese exchanges, the introduction of RMB accounts at non-Chinese banks, non-Chinese companies issuing bonds in RMB, etc..."
at http://www.zerohedge.com/news/guest-post-four-signs-asia%E2%80%99s-rise-over-west
READ MORE
Gold & Silver Acceptance Growing as Distrust in US Increases
"“I believe the concept of a BRIC’s Bank is a good idea. The move to have more
multi-lateral competition in the world is appropriate. The fact that it’s being
backed by the World Bank is something the BRIC countries need to be worried
about.”
Rick Rule continues:
“If you are going for backing from the institution
you are trying to supplant, caution flags are raised. What I will be interested
to see is how politicized the lending portfolio of the BRIC Bank will be.
Certainly it couldn’t be worse for the world economy than the World Bank has
been over time.
This whole situation is indicative of the fact that
societies are increasingly distrustful of the United States and to a lesser
degree, the West’s control of the world economy. This also points to the fact
that there are arrangements taking place that will eventually deny the US of
seigniorage..."
Saturday, March 31, 2012
Exclusive: Iran helps Syria ship oil to China: sources
"Iran is helping its ally Syria defy Western sanctions by providing a vessel to ship Syrian oil to a state-run company in China, potentially giving the government of President Bashar al-Assad a financial boost worth an estimated $80 million..."
at http://www.reuters.com/article/2012/03/30/us-china-iran-syria-idUSBRE82T0D420120330
at http://www.reuters.com/article/2012/03/30/us-china-iran-syria-idUSBRE82T0D420120330
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