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Bretton Woods is still relevant, US tells China

Online since 15 hours

389 words While most of the attention these last few days has been drawn to Lausanne where the signature of a milestone accord between Iran and the great powers remained uncertain, the meeting in Beijing of US Treasury Secretary Jack Lew ...

Impending deadline on Iran’s nuclear program

Online since 2 days

247 wordsMarch 31st is the deadline. It has to mean something and the decisions don’t get easier after March 31st,” State Department spokeswoman Marie Harf said, giving the talks a 50-50 chance of success to reach an agreement on the ...

Cautious optimism for the US economy

Online since 2 days

210 words “If underlying conditions had truly returned to normal, the economy should be booming,” Federal Reserve (Fed) chair Janet Yellen said. The US economy has successfully recovered for several years. Unemployment now stands at 5.5 percent, the lowest level in ...

Arctic’s central to US energy independence

Online since 6 days

329 words In recent years, Arctic waters have drawn growing attention on behalf of several governments, particularly Russia, Canada and the United States. Thanks to its supposed large natural resources, the Arctic has become a major geopolitical and national security issue. ...

NATO, Terrorism would be major threats to Russia

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200 words Every year, Russian President Vladimir Putin presides the Federal Security Service board meeting that reviews the results of the operations carried out in the previous year and sets up the priority targets for the present year. Putin started his ...

Is a Correction on stock markets building up?

Online since 6 days

175 words A markets’ correction may be in the beginning stages. Both US and European markets followed a same bearish trend for one week with, for instance, the German DAX30 topping on March 16, 2015 at 12,220 points. Also, the NASDAQ100 ...

Volatility ahead, combats getting closer to Aden

Online since 1 week

332 words Two months ago, the Shiite Muslim rebellion of the Houthis – the “Partisans of God” – had made great strides in controlling most strategic places of Yemen’s capital Sanaa. The so-called consensus allegedly reached at the time between the ...

Less tension, no solution after Merkel, Tsipras met

Online since 1 week

230 words The relations between Germany and Greece have reached an unprecedented low point since WWII. The former demanded the latter to undertake structural reforms, build a solid budget and run a functioning administration if it seeks any further financial aid. ...

AIIB draws Europeans, questions US influence

Online since 1 week

245 words Russian President Vladimir Putin has dreamed of setting up a new financial order which would depose the US dollar as the international currency. His Chinese counterpart Xi Jinping might be making the dream come true. In the United States, ...

Is Tsipras’ Greece getting into Russia’s arms?

Online since 2 weeks

308 words “We expect the Prime Minister of Greece to attend the (36th) celebrations” of the WWII Russia’s victory in Moscow, Foreign Minister Sergey Lavrov said. Just ten days after Alexis Tsipras took office, Russian President Vladimir Putin invited the newly-elected ...

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“The weak investment demand resulting from deep structural problems in the Russian economy was an important cause of the slowing Russian growth in 2014 (…) and yet, despite the confluence of adverse factors, Russia has so far avoided recession,” World Bank’s latest Russia Economic Report said.

If it turns out the Greeks leave, that may not be a bad thing for the euro,” Billionaire investor Warren Buffett told CNBC. “If everybody learns that the rules mean something and if they come to general agreement about fiscal policy among members (…) that could be a good thing.”

“The successful experience of Tikrit will be repeated in other areas,” Iraqi Prime Minister Haider al-Abadi said after Iraq’s security forces have recaptured the city against the Islamic State (ISIS).

Transitioning from the euro to a new national currency is no straightforward task either for Greece or for Europe, Greece can’t just (re)introduce a national currency,” Goldman Sachs wrote as the risk of Grexit is becoming more likely.

“We do not agree with sanctions (against Russia). I believe that this is a road to nowhere. I support the point of view that there is a need for a dialogue and diplomacy, we should sit down at the negotiating table and find the solutions to major problems,” Greek Prime Minister Alexis Tsipras said.

Student loans may emerge as a global threat to America’s economy. According to the Chicago Tribune, around 100 students seek to “pressure the government into forgiving their student loans.” Teaming with Occupy Wall Street activists, they – the “Corinthian 100” – affirmed their college broke the law.

Saudi Arabia and Gulf region allies – Qatar, Bahrain, Kuwait and the UAE – launched military operations including air strikes in Yemen against Iran-backed Houthis. “The operation is to defend the legitimate government (of President Abd Rabbuh Mansur Hadi),” Adel al-Jubeir, the Saudi envoy to the US, told reporters. Oil prices increased quickly.

China unveiled ambitious plans to upgrade manufacturing power. The implementation of the “Made-in-China 2025” strategy will be accelerated, Premier Li Keqiang announced. This will be key to helping China maintain economic growth at a medium-to-high level and to move up the global value chain, a communiqué said.

“I think reconciliation between what markets think and what the committee thinks will have to happen at some point, (…) that’s a potentially violent (encounter) … and I am concerned about that,” Fed policymaker James Bullard told reporters at London’s City Week financial conference.

Inflation hit zero for the first time, pushing Britain closer to deflation (…) the falling cost of bread, a beer or petrol does impact the housing market (…) if deflation goes on for a fraction too long it can flip a switch in (UK’s) housing market,” Anna White, The Telegraph’s property correspondent wrote.

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