As anticipated, the fourth ministerial Forum on China-Africa Cooperation (FOCAC), which was held in Sharm al-Shaykh (Egypt), November 8-9, reflected wall-to-wall praise for Sino-African "cooperation" in general and particularly for the positive Chinese role in Africa. China announced its readiness to pour more money into... MORE

“We are interested in exporting our resources through different routes,” Azerbaijan’s President Ilham Aliyev stated during his visit to Bulgaria on November 13 (AZTV). On the same day, he paid a short working visit to Sofia to meet his counterpart Georgi Parvanov and to sign... MORE

General Motors had given its consent to the Opel sale with considerable reluctance, which could only grow in the face of demands for technology transfers to Russia as part of the sale. These and other differences did not allow the transaction to be finalized. Meanwhile,... MORE

Late on November 3 (November 4 in Europe) the General Motors (GM) corporation decided to retain ownership of its heavily indebted German subsidiary Opel. The decision reverses GM’s September 10 tentative consent to sell a majority stake in Opel to a Kremlin-dominated consortium.GM’s reversal became... MORE

Even as the Chinese economy under the Hu-Wen administration is set to wean through the global financial crisis with a remarkable eight percent growth rate this year, senior officials from the Ministry of Civil Affairs under the jurisdiction of the State Council, which is responsible... MORE

White Stream, the proposed gas pipeline from Georgia to Romania on the seabed of the Black Sea, is intended to maximize European gas imports from Central Asia through the E.U.-initiated Southern Corridor. The Corridor grand design spans Azerbaijan, Georgia, Turkey, and –with White Stream– also... MORE

Since December 2008, China has signed $95 billion (650 billion RMB) in currency-swap agreements with Indonesia, Malaysia, South Korea, Hong Kong, Argentina and Belarus, in order to promote greater circulation and convertibility of the renminbi (RMB). Thailand is reportedly studying a possible currency swap agreement... MORE

The IMF and World Bank annual summit in Istanbul have ended after seven days of meetings and seminars. During the meetings the policy-steering International Monetary and Financial Committee (IMFC), asked the IMF to address four key reform areas –the IMF’s mandate, its financing role, multilateral... MORE

Since 2008, the People's Republic of China (PRC) has moved forward with a series of large aid and investment deals, indicating that the PRC is raising its stake in Latin America to a new level [1]. The impact of China's expanding commitment in Latin America... MORE

Istanbul is hosting the annual International Monetary Fund (IMF) and World Bank (WB) summit on October 2-7. It is expected that around 15,000 delegates including the finance ministers from the G7 will attend the summit. World Bank President Robert Zoellick and IMF Managing-Director Dominique Strauss-Khan... MORE