A few interesting articles, courtesy of Bloomberg and The Financial Times, detailing two recent Chinese investments into the African banking sector, namely Industrial & Commercial Bank of China Ltd.’s move to buy 20 percent of Standard Bank Group Ltd. (Africa’s largest bank) and China Development Bank’s partnership with United Bank for Africa, one of Nigeria’s […]
Read more »Â As always, an interesting post by Steve Levine, discussing the U.S. failure to match Russia so far in the European pipeline war. Since I’ve discussed various pipeline (and a few pipe dream) initiatives of late, I found this article to be a useful summary: “….Europe relies on Russia for more than 30% of its oil […]
Read more »A nice reminder from Stockerblog not to forget Vietnam in all the excitement/press related to China, India, etc. As the article points out, there is a lot of activity in Vietnam right now. For example, the Ho Chi Minh City Stock Exchange and the Tokyo Stock Exchange just announced a partnership which involves sharing of […]
Read more »Via NewEurasia, a report that India ONGC Mittal Energy (a joint venture between oil and gas company ONGC Videsh and steel giant Mittal Investment) acquired a 30 percent stake in an exploration block of Turkmenistan’s reserves in the Caspian Sea. The Turkmen project will become the Indian joint venture’s fourth oil and gas holding, as […]
Read more »Â According to a recent Energy Daily report, Azerbaijan – its $21 billion economy expanding at more than triple the rate of China’s in a world of record-high energy prices – has begun acquiring assets in neighboring states. “For instance, the State Oil Company of Azerbaijan has started investing in the economies of Georgia, Turkey, and […]
Read more »Martin Walker offers an interesting look at the emergence of a new hub of international commerce around the India Ocean which he has dubbed CHIMEA (China, India, the Middle East and Africa) in which Arab capital and energy — along with Indian & Chinese skills, investments and markets — are combining to present Africa with […]
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