Business

China Challenges Russian Influence in Kazakhstan

China wants to counterbalance Russian influence in Central Asia by expanding its economic activities, trade and transport projects in the region. As Russia suffers recession and the political isolation due to the conflict in Ukraine, its influence in Kazakhstan and Central Asia may decrease.

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Indonesia’s Bold 2015 Budget Strategy

Indonesia's budget is a bold strategy to change the direction of its economy. But, the rush for results is a risky strategy because it could delay essential reform and harm the government’s credibility if the budget’s ambitious targets are not met.

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India Needs a Grand Design for Economic Reform

India's new government has been reproached for the piecemeal nature of reform so far. Procedures for certain government approvals have been streamlined and states are inching ahead on once taboo labor reform. But a grand design for further and bigger reforms has been missing.

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India–US Investment Treaty Will Not be an Easy Ride

Both the U.S. and India will have to cede considerable ground to conclude a mutually acceptable bilateral investment treaty within a reasonable time. Despite the strong personal rapport between Obama and Modi, the negotiations will not be a smooth affair.

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Sliding Oil Prices Still Yield a $90b 2014 for Big Oil

The big five oil companies remained profitable despite steep dip in oil prices, making $16.4 billion in the last quarter of 2014 and $89.7 billion for the entire year.

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A Budget Plan for the People

Obama’s plan is a populist political agenda very much aligned with his recent State of the Union speech. It’s ambitious and bold and will leave many Republicans scrambling to explain why they don’t support it.

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Laying the Foundations for Myanmar’s Development

Greater economic openness will have a fundamental effect on the structure of the Myanmar economy. But substantial and strategic investment in infrastructure is needed to support the development of its domestic markets and their integration into the international economy.

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The Davos Agenda

The richest 1% would soon own more than all the assets of the 99% of the entire world population put together. Concentrated mostly in North America and Europe, a select group of individuals, almost 77% of the 1%, have actual control.  While the emerging economies are producing rich and powerful on an accelerated basis, the global economy is not being shared equally by all sections of society.

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Are Falling Oil Prices an Opportunity for Asia?

Low oil prices seem to benefit most countries, even oil producers. As long as the price does not fall below the level that OPEC members can withstand, they still profit. For other countries, low energy costs should be beneficial to consumers and to most industries, especially the transport and refining industries.

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Asia’s Growing Ties with Latin America

Asia needs commodities for its dynamic global factory and Latin America has abundant natural resources. Asia needs food for its large population and Latin America has fertile agricultural land. One of the new drivers for business confidence is the spread of free trade agreements (FTAs) between the two regions.

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