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Venezuela: oil gloom over Caracas
As Hugo Chávez leads yet another lavish parade celebrating Venezuela’s freedom from the Spanish empire – Thursday is the 201st anniversary since independence was declared – it’s as well to remember...
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Ecuador: going from bad to worse?
It’s been a week to forget for Ecuador. On Monday, the Andean country startled investors by posting its weakest quarterly growth in two years. Concerns that falling oil prices could cause the country’s...
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India trade balance: better, but gold concerns persist
India’s external balances have been a focal point this year as the country’s economic woes have centred around the depreciation of the rupee. So policy makers will be pleased to see India’s trade...
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Maduro’s “reshuffle” and Venezuela’s adjustment
On Tuesday night, halfway through announcing what he had trailed earlier would be a major cabinet re-shuffle, Nicolás Maduro (pictured) let slip a telling phrase. The Venezuelan president praised...
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Guest post: EM can join the shale gas revolution
By Melissa Stark, Accenture A lot has been written about the shale gas and oil boom in the US and why that model cannot be replicated in other countries with plentiful potential resources. In fact,...
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EM oil producers risk ratings downgrade on low crude price
Bahrain, Angola, Ecuador and Venezuela rank as the emerging markets (EM) most vulnerable to a downgrade in their sovereign credit ratings if oil prices do not recover in 2015, Fitch Ratings said in a...
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Getting rid of fuel subsidies
There are very few things on which economists overwhelmingly agree: free trade and apple pie are about it. But almost all of them will say that across-the-board subsidies for households and companies...
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Guest post: Gulf economies well placed to cope with lower oil
By John Sfakianakis, Ashmore Group The Gulf economies are in a position of strength to weather the recent plunge in oil prices. Many are better cushioned than at previous times in their economic...
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