Russia’s Ministry of Defence announced on 6 October the formation of a new long-range Heavy Bomber Division (Tyazheloy Bombardirovochnoy Aviatsionnoy Divizii, or HBD/TBAD). Stationed in the Far East, the unit’s role is to patrol the Pacific Ocean and, in particular, sea areas near to Japan, Hawaii, and Guam. Continue reading
The echoes of both Bear and Lehman are growing louder with every passing day.
Just hours after Deutsche Bank stock crashed by 10% to levels not seen since the financial crisis, the German behemoth with over $50 trillion in gross notional derivative found itself in the very deja vuish, not to mention unpleasant, situation of having to defend its liquidity and specifically assuring investors that it has enough cash (about €1 billion in 2016 payment capacity), to pay the €350 million in maturing Tier 1 coupons due in April, which among many other reasons have seen billions in value wiped out from both DB’s stock price and its contingent convertible bonds which are looking increasingly more like equity with every passing day. Continue reading
Will the bear and dragon soon dominate the region?
In recent years, China and Russia have been dancing with increasing vigor to the rhythms of Latin American trade and diplomacy. The two eastern giants want business allies, resources and friends who share their desire to close the curtain on the era of United States dominance. As they foxtrot across Latin America, they are finding all three in abundance.
The U.S., apparently indifferent to the Chinese and Russian advance into its backyard, is sitting out more and more Latin American dances. But there is another global power whose salsa shoes won’t be coming off any time soon; this rising power bloc will check the advance of Beijing and Moscow into Latin America. Continue reading