15:40 [RT] (E)
He talks to RT’s Boom Bust, saying: “What we’re left with is little details here or there… Each side will claim that they stuck to their guns and they did really well, that’s for their domestic political support but we are watching a shadow boxing game here that isn’t real.”
20:24 [New Eastern Outlook] (E)
Ron Henry - If you really think of it, there’s nothing new about trade wars, as they would be used time and again against those governments that other powers want to undermine. However, not unlike with regular wars, such strategies may result in totally unexpected results. Moreover, those counter-steps that the attacked power can take may lead to the downfall of the aggressor. For instance, The National Interest has recently pointed out that in some cases the so-called “sanctions” can backfire big time, as Washington with its aggressive actions has been facilitating the establishment of a pro-multipolar coalition of states.
20:32 [Zero Hedge] (E)
"The longer we go on, the more concerns will arise. The reality is the clock is ticking."
20:33 [Zero Hedge] (E)
Prettifying Toxic Waste. The promise of something for nothing is always an enticing proposition. Who doesn’t want roses without thorns, rainbows without rain, and salvation without repentance? So, too, who doesn’t want a few extra basis points of yield above the 10-year Treasury note at no added risk?
11:49 [Asia Times] (E)
Chinese President Xi Jinping six years ago launched New Silk Roads, now better known as the Belt and Road Initiative, the largest, most ambitious, pan-Eurasian infrastructure project of the 21st century. Under the Trump administration, Belt and Road has been utterly demonized 24/7: a toxic cocktail of fear and doubt, with Beijing blamed for everything from plunging poor nations into a “debt trap” to evil designs of world domination. Now finally comes what might be described as the institutional American response to Belt and Road: the Blue Dot Network.
21:16 [Global Times] (E)
The Regional Comprehensive Economic Partnership (RCEP) could guide the way for global trade rule making, contributing its experience to upgrading trade clauses. The route taken by the RCEP could give light to WTO reforms down the road.
10:03 [Indian Punchline] (E)
Indian analysts somehow feel they are obliged to praise Prime Minister Narendra Modi whenever he undertakes a visit abroad, no matter the actual outcome of the event. The recent visit to Saudi Arabia was no exception, as analysts fell over each other to write panegyrics. The fact of the matter is that over the past decade and a half — ever since then Prime Minister Manmohan Singh hosted late King Abdullah in January 2006 on a state visit as the chief guest at the Republic Day ceremonies — India and Saudi Arabia have been like the lovers in the English poet John Keats’ poem Ode on a Grecian Urn
9:10 [Asia Times] (E)
A pan-Asia high-speed train has left the station – and India – behind. The Regional Comprehensive Economic Partnership (RCEP), which would have been the largest free trade deal in the world, was not signed in Bangkok. It will probably be signed next year in Vietnam, assuming New Delhi goes beyond what ASEAN, with diplomatic finesse barely concealing frustration, described as “outstanding issues, which remain unresolved.”
9:35 [The Saker] (E)
Eurasia has most of the world’s wealth, resources, and population — yet there is very low economic connectivity. A Sino-Russian partnership can collectively create a gravitational pull that allows them to capture the geoeconomic levers of power by creating an alternative to the Western-centric model. This entails developing new global value chains that captures the high-value activities in strategic industries and energy markets, developing new transportation corridors through Eurasia and the Arctic, and constructing new financial instruments such as development banks, trade/reserve currencies, technical standards, and trade regimes.
8:06 [Indian Punchline] (E)
Amidst the excitement over the killing of the ISIS chief Abu Bakr Al-Baghdadi, a development of much impact on international security passed by when Denmark made the innocuous announcement on October 30 that it would permit the proposed Nord Stream 2 gas pipeline to pass through its exclusive economic zone. Copenhagen modestly explained that it was “obliged to allow the construction of transit pipelines” under the UN Convention on the Law of the Sea.
17:25 [Oriental Review] (E)
The pragmatic dimension of the relationship between the EU and the Russian Federation is within the framework of the energy relations which includes three focal issues. Nevertheless, both partners lack legally binding instruments to direct their pragmatic energy relationship. Negotiations between these partners appeared to be extremely difficult taking into consideration a deteriorated global geopolitical climate which is lacking constructive both ideas and tools for organizing the Post-Cold War global arena.
22:01 [Zero Hedge] (E)
More than half of the world`s banks are at risk of collapse in the next global downturn if they don`t start preparing for late-cycle shocks, McKinsey & Company warned in its latest global banking outlook. The consultancy firm warned on Monday, in a 55-page report titled The last pit stop? Time for bold late-cycle moves, that 35% of banks globally are "subscale" and will have to merge or sell to larger firms if they want to survive the next crisis.
18:37 [Zero Hedge] (E)
If there was one message that resonated from the IMF meetings, it was that what we are doing isn’t working. Acknowledging that fact is every bit as important as the forecasts of dour prospects for global growth and the risks of excess leverage. You have to start somewhere. Or maybe we should think of it as, you have to stop at some point. It’s an understandable human tendency for central bankers to worry that something bad might happen “on their watch.”
18:33 [Zero Hedge] (E)
So much for Deutsche Bank`s once legendary fixed income division being insulated from the unprecedented layoffs sweeping across the bank.
22:22 [Oriental Review] (E)
After the end of the USSR in 1991, Russia, at that time both weakened and isolated, was becoming a less popular area of investigation and studies compared with the period during the Cold War. However, since the year of 2004, Russia is “back” in the global political arena when Moscow rejected the European Neighboring Policy’s game with the European Union (the EU). Those who argued that Russia was already irrelevant in global politics since 2004 had to realize their error of judgment. Today, Russia is “back” as a military, economic, and political Great Power with tremendous energy resources.[i] Recovering Russia’s global power, in fact, started with a self-confidence policy by Moscow toward the EU and its bureaucratic apparatus in Brussels. Nevertheless, the EU is still one of the focal strategic partners to Russia and vice versa.
13:14 [Kremlin] (E)
Vladimir Putin took part in a plenary meeting of the Russian Energy Week International Forum. The Russian leader addressed the participants and answered their questions. * * * Excerpts from transcript of Russian Energy Week International Forum plenary meeting
22:10 [RT] (E)
From Trumps Twitter
20:44 [RT] (E)
More than 20 deals have been signed on Monday between Moscow and Riyadh during President Vladimir Putin’s state visit to Saudi Arabia.
Agreements include the charter for long-term cooperation between the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel oil producers. Along with the charter, the two countries have signed a protocol on energy cooperation.
22:16 [RT] (E)
US President Donald Trump has taken to Twitter to celebrate a partial trade deal struck with Beijing, presenting it as the “greatest and biggest deal ever made” for American farmers.
21:40 [Ottawa Citizen] (E)
Yemen’s Houthi rebels have released video footage of the aftermath of a battle with Saudi forces which appears to show a captured Canadian-made light armoured vehicle. The footage was released Sunday in what the rebels say started as an ambush inside Saudi Arabia but then turned into a major cross-border battle. The footage of the battle was shown on Houthi-run Al Masirah TV and Al Jazeera.
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