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The Ruble’s Slide Begins to Claim Banking Casualties
The dramatic slide in the value of the rouble has claimed its first banking casualty. The Russian Central Bank, to the tune of US$530m, is bailing out Trust Bank....
Is Russia’s South Stream Pipeline Out of Gas?
After seven years of planning, the South Stream pipeline that would carry gas from Russia to Europe via Bulgaria has been cancelled. After a long-running battle with the EU...
For Cypriots, a Glimmer of Hope?
The nightmare for Cyprus started in March 2013. The country’s banking sector faced a sudden squeeze. The two biggest players – Bank of Cyprus and Marfin Laiki Bank –...
A Cuban Economic Boom? Not so fast.
The restoration of full diplomatic relations between the US and Cuba, announced simultaneously by Barack Obama and Raúl Castro yesterday, is a huge political breakthrough. The benefits to the...
Implications of a Syriza Win in Greece
The Greek economy, after five years of recession, has nearly reached the top of the hill it has been climbing. But there is a real threat that in just...
Data Show an Alarming Drop in Highly Skilled Immigrants to the U.S.
The United States has always been known as a nation of immigrants and a top destination for scientists and other highly skilled professionals. That ability to attract the world’s...
Ukraine’s Economy and the Technocrat Elite
Ten years ago, it was received wisdom in western academic, business and policy circles that Ukraine was an archetypal “captured state” – a state owned and run almost entirely...
Did Abenomics Fail Shinzo Abe?
The decision by Japan’s Prime Minister, Shinzo Abe, to call a snap election barely two years into a four-year term demonstrates a degree of political flexibility other world leaders...
Did Cameron’s Comments Portend Another Financial Crisis?
Taken at face value, David Cameron’s warning this week about risks in the global economy sounds like it might be wonderfully prescient. Here’s the country’s economic chauffeur, carefully checking...
The Stock Connect Link Between China and Hong Kong
A direct link has been established between Hong Kong and Shanghai’s stock exchanges. The so-called Stock Connect means investors in Hong Kong can now buy shares listed on the...