The Taiwan presidential election victory of opposition Nationalist Party (KMT) candidate Ma Ying-jeou a year ago was expected to bring an upsurge in trade with the mainland resulting from increased economic integration across the strait - that was one of the winner's campaign promises.
Continue reading "Taiwan's ambiguous recovery" »
The leaders of Russia and Turkmenistan have been unable to agree on terms for the (re)construction of a Soviet-era gas pipeline in western Turkmenistan. While subsequent negotiations are not excluded, Ashgabat has declared its intent to allow companies other than Gazprom, including Western companies, to bid for the work. In the context of recent developments, a pattern begins to form that may signify the breaking of what is left of Russia’s hold on Central Asian gas transport, to which its relationship with Turkmenistan has been central in the post-Soviet era.
Continue reading "Moscow and Ashgabat Fail To Agree over the Caspian Coastal Pipeline" »
The hopes of the India's United Progressive Alliance as it heads towards next week's general elections are being encouraged by a stock-market revival that has seen shares recover 20% since the Satyam Computer Services fraud scandal broke on January 23.
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A sparkling performance by the Turkish stock market is defying gloom across the country's economy, which has shown little sign of lightening since a disillusioned public reined in support for the ruling Justice and Development Party (AKP) in municipal elections on March 29.
Continue reading "Turkish magic" »
The US$10 billion deal this month allowing China National Petroleum Corporation (CNPC) to purchase 50% of Kazakhstan's privately owned MangistauMunaiGaz (MMG) and a $5 billion loan from China will come as welcome boost to the Central Asian country's economy, which shrank in the first quarter after years of double-digit growth.
Continue reading "China deal helps out Kazakhs" »