Posts Tagged ‘India’


Geopolitics is back. As 2015 begins, political conflict among the world’s great powers is in play more than at any time since the end of the Cold War. US relations with Russia are fully broken. China is charting its own course. The ties that bind Europe are fraying on multiple fronts. Others–Gulf Arabs, Brazil, India–are hedging their plans and alliances in reaction to increasing geopolitical uncertainty.

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SHENMU, China — As the Chinese economy boomed, few cities soared faster or higher than Shenmu, a community of nearly 500,000 in northwestern China.

Top luxury clothing stores in this city’s downtown were recording as much as $500,000 a day in sales. Tables at the best restaurants had to be reserved weeks in advance. The new Fortune Garden Club for the city’s business elite made headlines by paying $1 million for a king-size mahogany bed, to be used by members and their companions.

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India’s currency and equity markets dropped sharply on Friday following new government restrictions that some say risk sending a panic signal rather than providing a long-term solution.

The rupee hit a new intraday record low, briefly surpassing 62 to the US dollar. The benchmark Sensex was down 4.1 per cent in afternoon trading in Mumbai at 18,572, its worst session since September 2011. The index tracked regional counterparts lower after data overnight showing weekly US jobless figures at their lowest since late 2007 fuelled talk the Federal Reserve could soon start tapering off its quantitative easing programme.

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In an interview at Wall Street Journal’s Livemint, the legendary investor Jim Rogers says that he is shorting India…

Cererea  de aur în cel de-al doilea trimestru al anului 2012 a ajuns la nivelul de 990 tone, respectiv 51,2 miliarde de dolari. Cererea din sectorul bijuteriilor, investiţiilor şi din sectorul tehnologic a slăbit prin comparaţie cu perioada similară a anului trecut, dar a fost compensată de achiziţiile masive realizate de băncile centrale.

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As the Western elite gathered in picturesque St Moritz to grapple with pressing world crises, the outsiders met in the bleak steppes of Central Asia. Last week’s 10th Shanghai Cooperation Organisation (SCO) summit in the Kazakh capital Astana highlighted how the major rivals to empire, led by Russia and China — themselves rivals, are trying to fashion an alternative to US hegemony.

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