Antonio Fatas submits:The global imbalances that we have witnessed over the last years have led to significant changes in the net investment position of some countries. Those with persistent current account deficits (e.g. the US) have seen their net investment position deteriorate, while those with persistent current account surpluses have seen their net investment position improve (such as China).
SHANGHAI/BEIJING (Reuters) - China signaled on Wednesday it wanted to ramp up private investment in its energy sector, in line with recently unveiled government plans to fast-track infrastructure investment to help combat the nation's slowing economy. Beijing is drafting detailed guidelines to encourage private investment across industries, with special focus on the heavily state-controlled electricity, oil and natural gas sectors, according to an article by the official Xinhua news agency. ...
Moscow (AFP) - The Russian government has approved injecting 239 billion rubles ($6.6 billion, 5 billion euros) into two of the country's largest, state-controlled banks that have been hit with Western sanctions.
ON NOVEMBER 14th Brazilian police raided the offices of Petrobras, a vast state-controlled oil firm at the centre of a corruption scandal. Back in 2010 Petrobras was a symbol of Brazil's economic rise. It conducted the largest global equity raising on record, to pay for the development of fields off Brazil's coast.
By Matthew Miller and Umesh DesaiBEIJING/HONG KONG (Reuters) - China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.