To paraphrase Mark Twain, speculative bubbles don’t repeat themselves, but they often rhyme. The green technology boom that has imploded over the past three years is remarkably similar to the alternative energy bubble that inflated prior to the global financial crisis of 2008. Both frenzies were driven by investors’ unrealistic expectations about how quickly new energy technologies would be taken up.
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Chinese factories may be making most of the world’s ships and electric cars, but one thing remains out of reach for them: passenger planes. State-owned Commercial Aircraft Corporation of China, or Comac, wants to sell its C919 single-aisle jet to international airlines but it is better placed to chip away at the dominance of Western rivals Boeing and Airbus in the People’s Republic.
In the immediate aftermath of the announcement, they expected the US involvement was likely to cause a selloff in equities and a possible bid for the dollar and other safe-haven assets when trading begins, but also said much uncertainty about the course of the conflict remained.
Investors are mulling a host of different market scenarios should the US deepen its involvement in the Middle East conflict, with the potential for ripple effects if energy prices skyrocket.
Qatar held crisis talks this week with energy majors after Israeli strikes on Iran’s huge gas field, which it shares with Qatar, an industry source and a diplomat in the region told Reuters.
The credit will be extended under the strengthening governance and institutional resilience development policy
Investors are mulling a host of different market scenarios should the U.S. deepen its involvement in the Middle East conflict
Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power sector, the power minister said on Friday
The Asian Development Bank has approved a $900 million loan to help Bangladesh reform its banking sector and strengthen its resilience to the impacts of climate change.
It’s a good time to pitch alternatives to the US dollar , but it pays to be specific. On Wednesday, People’s Bank of China Governor Pan Gongsheng told attendees of a financial forum in Shanghai that he expected the largely greenback-based global monetary system to become multipolar, ultimately helping to “better safeguard global financial stability”.
The board of Renata PLC, a listed pharmaceutical company, has decided to revise the structure of its preference shares, which were recently approved to raise up to Tk 325 crore, according to a disclosure on the Dhaka Stock Exchange website.
While oil-importing countries won’t fully escape a hit in the event of another energy price shock on Middle East tensions, a period of rare dollar weakness will soften the blow considerably for countries outside America.
