Nigeria, the continent’s most populous country with nearly 200 million citizens, is awash in energy riches with large oil and gas reserves.
Nigeria, the continent’s most populous country with nearly 200 million citizens, is awash in energy riches with large oil and gas reserves.
In the fifth installment of the virtual roundtable, Stephen Roach discusses U.S.-China economic relations, as China’s GDP overtakes that of the U.S.
Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolívar, or the Russian rouble, low oil prices are wreaking havoc in oil exporting economies and on their national currencies.
Is the Chinese economic model doomed or is the Western business press making much ado about nothing?
The apparent success of Putin’s misadventures in Ukraine could serve as an attractive geopolitical militaristic strategy for other nations with territorial disputes, such as China.
As the largest trading partner of all Southeast Asian countries, China has long exerted enormous influence over the economic and political agendas of governments throughout the region.
Standard & Poor’s (S&P), one of the big three global ratings agency, on Monday followed the data, too, by downgrading its credit outlook from ‘stable,’ to ‘negative’ for United States sovereign debt – better known as US Treasury notes. The decision by S&P’s sovereign debt analyst, Nicola Swann – known cynically by some traders as the new ‘Black Swann’ – to downgrade US sovereign debt outlook roiled Global Markets, underscoring the growing view that America is a superpower in decline.
In a move that signals a huge departure from standard practice, the Indian government announced plans to move closer to market-driven fuel prices.
If the accuracy of the Japanese finance ministry’s revision of their GDP estimates are to be believed, then it appears the Nippon economy is, finally, awakening from its ‘Lost Decade’ of economic slumber following the collapse of its once heralded economy. According the their finance ministry, Japan’s GDP expanded +4.6% in 4Q 2009.
Although most projections show a continuation of positive growth in 2010, questions about the strength and sustainability of the recovery remain. To provide an economic outlook for the new year, the Carnegie Endowment on 5 Jan, hosted a distinguished panel of the heads of the economic forecasting unit at their respective organizations.
Countries within the Southern Hemisphere are on the move. This past weekend member states of UNASUR and the African Union met on Margarita Island, Venezuela, in order to strengthen ties between their countries and continents. One of the ideas proposed by President Hugo Chávez, as well as Moammar Gadhafi, of Libya, is an alliance among […]