Iran’s New Patrons
September 7th, 2023
Courtesy of Foreign Affairs, a look at why China and Russia are stepping up their support for Iran: Upon assuming power in 1979, Iran’s revolutionaries prided themselves on rejecting the global order. Ayatollah Ruhollah Khomeini, the country’s first supreme leader, declared that his state would be “neither East nor West.” Khomeini viewed the United States as “the Great […]
Read more »Maduro Seeks Chinese Money to Revive Venezuela’s Oil Sector
September 7th, 2023
Via Bloomberg, a report on Venezuela’s efforts to secure Chinese energy investment: Top Maduro aides arrive in Shanghai seeking energy investment Government seeks to revive economy ahead of 2023 election Venezuela dispatched some of its top officials to China to seek energy investments to boost the economy ahead of next year’s presidential election. Vice President Delcy […]
Read more »China, Saudi Arabia Enter ‘New Stage’ of Financial Cooperation as Bank of China Opens Riyadh Branch
September 6th, 2023
Via South China Morning Post, an article on growing financial cooperation between China and Saudi Arabia: Bank of China (BOC) opened its branch in Riyadh on Tuesday, more than two years after being given approval by the Saudi Arabian government China’s ambassador to the kingdom, Chen Weiqing, pointed to the financial, investment and geographical advantages […]
Read more »Out With The Old, In With The Nu
September 6th, 2023
Via Latinometrics, a look at Nubank’s dramatic growth in Brazil: If disruption were a chart, the above would be it. The five giant banks of Brazil, which collectively hold $1.5T+ in assets, have remained practically unmoved in terms of number of customers in the past two years. Nubank’s uprising is not new to them; the digital bank created […]
Read more »China’s New Consul General Arrives In Oil Route Hub As Beijing and Tehran Strengthen Ties
September 6th, 2023
Via South China Morning Post, an article on growing Chinese/Iranian ties: Consul General Xu Wei takes office eight months after opening of new mission in strategically important port on the Strait of Hormuz Facing tensions with the US, China and Iran forge closer relations through cooperation deals, joint military drills and diplomatic visits China’s new […]
Read more »Why Chinese EV Battery Manufacturers Are Flocking to Hungary
September 6th, 2023
Via Rest of World, a look at how Chinese EV battery firms are being drawn to Hungary’s access to European automakers, government subsidies, and favorable relations with China: As Chinese EV companies go global, many battery manufacturers are expanding to Hungary. Strong bilateral relations and a favorable business environment have made Hungary an appealing destination […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.