Article Index


As Problems in India and Russia Escalate, Let's Drop the BRIC

By Martin HutchinsonContributing EditorMoney Morning When Goldman Sachs Group Inc. (GS) coined the term “BRICs” in 2003 to cover Brazil, Russia, India and China. This group of four countries was supposed to represent the enormous potential of the emerging markets, and their populations would provide most of the world’s growth in the decades ahead. For […]

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Russia's Economic Demise Could Turn "BRIC" to "BIC"

By Mike Caggeso Associate Editor Money Morning Russia's continuing weakness could cost the country its membership in one of the most identifiable and esteemed investor acronyms – the BRIC nations. Back in 2001, the Goldman Sachs Group Inc. (GS) – eager to push its clients toward emerging markets investment – created the acronym "BRIC" to […]

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Declining Russian Oil Production Could Lead to $200 Oil and "Global Recession," Says Deutsche Bank

By Jennifer Yousfi Managing Editor Higher oil could lead to a worldwide economic collapse, according to a top analyst at Germany's largest bank. "Two-hundred dollar oil would break the back of the global economy," Adam Sieminski, chief energy economist at Deutsche Bank AG (DB), told Bloomberg News in an interview yesterday (Wednesday) in Tokyo. "Next […]

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Russia Turns to Libya to Tighten Grip on European Energy Supply

By Jason Simpkins Associate Editor Russia agreed yesterday (Thursday) to write off $4.5 billion in Libyan Cold War-era debt in exchange for military and civilian contracts for Russian companies, Reuters reported. The deal will almost certainly help Russia tighten its grip on European energy supplies. "I am satisfied by the way we have solved the […]

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BP Caving to Kremlin Pressure Over Joint Venture

By Jason Simpkins Associate Editor BP PLC (BP) has found itself under pressure from the Kremlin to cede control of its joint venture in Russia, TNK-BP Holding OAO, to a state-owned oil monopoly such as Rosneft NK OAO or Gazprom OAO – the latest attempt by the Russian government to expand its energy monopoly and […]

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Putin Wins Chavez Loses: A Net Win for Oil Investors

By Martin Hutchinson Contributing Editor Russian president Vladmir Putin's United Russia party won 64% of the vote in Sunday's elections, while Venezuelan president Hugo Chavez lost his constitutional referendum in by a slim 2% margin the same day. That's a split result for the wannabe dictators, but it looks like a net win for investors. […]

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The One Russian Emerging Market With the Most Profit Promise

By Martin Hutchinson Director of Global Investing Research Readers may well have missed the news that Ukraine is currently putting together a new coalition government led by reformist Julia Tymoshenko. “So what?” you may ask. “I can’t know everything. And besides, how do you ever expect me to make a buck out of Ukrainian politics, […]

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Gazprom Highlights Foreign Investment Risks, Threatens Europe – Again

By Jason Simpkins Staff Writer In a story that underscores the risks investors face with emerging-markets investments, OAO Gazprom, Russia's energy giant, is up to its old tricks and is once again threatening to cut gas supplies to the Ukraine, in an effort to extort payment, Bloomberg News reported. It's an issue that Money Morning […]

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The New Cold War: How Russia Has Turned Its Energy Exports Into Weapons of Diplomacy

By Jason Simpkins Last week, (July 20) Chevron Corp. said it would challenge a $290 million back tax claim issued against the Caspian Pipeline Consortium by Russia’s Federal Tax Service.  This is yet another attempt by President Vladimir Putin to seize control over all aspects of energy production and transportation within Russia. The Caspian Pipeline […]

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