Economics - 4. page

Sandeep Jain Writes: The TPP is a continuation in the trend of having regional trade and economic forums / agreements over and above the global architectures such as WTO.

Sandeep Jain writes: The devaluation of the Yuan, Chinese stock market clash as also the resultant impact on Indian stock markets and the weakening of the rupee have been much in the news.

The South –South cooperation started way back in 2003 between India-South Africa and Brazil in what is called as India-Brazil-South Africa Dialogue Forum (IBSA). It was an important forum then between the developing countries and still has the potential to grow.

With oil prices falling on January 6, 2015 below $54 a barrel, the decision by Saudi Arabia not to cut oil production despite its record $38.6 billion deficit has bewildered oil markets. The Kingdom is said to have accumulated $750 billion in foreign currency reserves which it is reportedly willing to put on the line in its global campaign of not being the only swing state responsible for stabilizing oil prices.

Dr Adil Rasheed writes: Excessive derivatives’ speculation on commodity trade, particularly in oil and food products, in addition to problems of excess production of oil and falling growth rates in troubled Europe and emerging markets point to imminence of new crisis

Many eminent international investors and analysts are warning that China is going to be the ultimate and largest trigger for the next global financial crisis, “a crisis that will be deeper and last longer than the first one that governments quickly combatted with unprecedented quantitative easing and bailouts”.