Category: Trade

Brazil kills off BRICS dream

Brazil kills off the BRICS dream with election of strongman Jair Bolsonaro by William Pesek The bright future that then-Goldman Sachs economist Jim O’Neillenvisioned 17 years ago has had a rough few months. In July, nations comprising the BRIC acronym held their annual summit. Yet by the time leaders of Brazil, Russia, India and China converged in
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Bonds batter Bali

NIKKEI ASIAN REVIEW Facing mounting financial pressure, Asian leaders will rue failure to reform sooner William Pesek October 10, 2018 The best time to plant a tree is 20 years ago, goes the old adage. The second-best time? Now. Timber-rich Indonesia does not suffer from a lack of forests. But officials in Jakarta are definitely
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‘Great Depression’ ahead? IMF sounds dire warning

ASIA TIMES Massive government debts and eroded fiscal buffers since 2008 suggest global dominos await a single market crash By WILLIAM PESEK OCTOBER 9, 2018   Is another “Great Depression” on the horizon? It would be easier to dismiss these words from Nouriel Roubini, Marc Faber or other doom-and-gloom prognosticators. Coming from Christine Lagarde’s team, though, they
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Shinzo Abe, Ford Motor salesman?

ASIA TIMES Tokyo has made clear it favors the multilateral TPP format, but has little choice but to agree to bilateral FTA negotiations By WILLIAM PESEK SEPTEMBER 28, 2018 Shinzo Abe: Ford Motor Company salesman? That, essentially, appears to be the future Donald Trump envisions for Japan’s prime minister. Not in so many words, of course.
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