Markets

The shale and oil revolution that has transformed U.S. and global energy markets is on its way to Australia. According to U.S. government report, resource-rich Australia could be home to as much as 10 times the existing known gas reserves,...

In the course of the 2008 financial crisis, the global geography of power has shifted from the G8 to the G20. Despite being a coalition of smaller economies, the G20 achieved relative success in consensus formation, effectively limiting the potential...

The U.S.-China split over climate change centres on the relative responsibilities of developed and major developing nations. China, along with other developing nations, argue that since advance economies continue to have far higher levels of emissions per capita, they alone...

  For a long time, the US economy had been on an upward escalator, fueled by the growth of cheap energy and loans. Continued growth in debt made sense, because growth seemed likely for as far in the future as...

The slew of economic data released last week has confirmed the worst fears of many global investors: China is serious about rebalancing its economy and growth rates of 6 – 7 percent will no longer be encouraged. Attempts to keep...

Shrugging off memories of its colonial past, Africa today stands at a precarious crossroad. On one hand, it is being aggressively pursued by international heavyweights such as the United States, China and Japan – all of which promise billions in...

For three decades, China's reform and opening-up policies led to unprecedented economic growth, as well as the creation of first-tier megacities particularly along the coastal regions. China has in recent years contemplated a grand plan to make urban residents of...

Intelligence-gathering post 9-11 is increasingly more complex mainly due to the changing nature of contemporary national security threats. As surveillance techniques expand and become more invasive, how do we strike the right balance between privacy and security? Revelation of the...

The US Federal Reserve has signaled that barring new signs of weakness in the economy, it will likely slow its asset purchases this year and conclude them next year. But Fed officials appear somewhat surprised by the sharpness of the...

Since the 2008 financial crisis, both China and India have taken steps to become more financially open. But while the Indian economy appears to be ahead at present, policy continues to segment onshore and offshore markets in both economies and...

In the early 1870s, the United States, the largest emerging economy of the era, overtook the United Kingdom. Now, as the United States' liquidity-driven growth eclipses, the once-in-a-century transition of economic power – from U.S hegemony to China’s peaceful rise...

The prices of a wide range of risky assets have been rising, despite sluggish GDP growth worldwide. This discrepancy reflects a new period of financial-market volatility – one that could mark the beginning of a broader de-risking cycle for financial...

Many consider hatred and conflict inevitable, owing to a fundamental clash of values and interests. Fifty years ago, U.S. President J.F. Kennedy showed that peace could be achieved even in the most difficult circumstances. His courage, vision, eloquence, and political...

There are no easy, risk-free paths to development and prosperity but borrowing money from international financial markets is a strategy with huge downside risks. It is no secret that sovereign bonds carry significantly higher borrowing costs than concessional debt does,...

The competition between China and Japan, the two economic heavyweights of East Asia, has now intensified at a time when both countries are hungrier than ever for resources and energy to cope with its development challenges. Earlier this month, Japan pledged some...