CHINA JITTERS COULD TRIGGER GLOBAL MARKET BLOODBATH, IMF WARNS


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The IMF said policy choices in the world’s second largest economy would also have “increasing implications for global financial stability” in the coming years as the country opens up its bond and equity markets.

The fund said emerging market economies such as China, India, Brazil and Russia had driven more than half of global growth over the past 15 years.

Stronger trade ties and financial linkages meant spillovers from these countries had become “the norm, not the exception”, increasing the risk that future shocks could send powerful reverberations around the globe.

http://www.infowars.com/china-jitters-could-trigger-global-market-bloodbath-imf-warns/

Assad Ready For Snap Elections As Kremlin Denies Report Of Russia-US Plan To Help Him Flee Syria


Last week, Bashar al-Assad celebrated one of the most significant (at least from a symbolic perspective)military victories in the history of his government’s campaign against opposition groups battling for control of Syria.

With the help of Russia and Hezbollah, Assad’s army liberated the ancient city of Palmyra from Islamic State. Palmyra is a UNESCO world heritage site and over the course of the last nine or so months, ISIS has obliterated a number of priceless artifacts on the grounds that they are monuments to paganism.

Needless to say, it’s better that Assad control the city than ISIS. Even the US State Dept. was forced to (begrudgingly) admit as much.

But Washington’s reluctance to celebrate the liberation of Palmyra reflects growing concerns that Assad, Hezbollah, and other Iran-backed Shiite militias are now poised to march on Deir ez-Zor – and then on Raqqa.

With the “moderate” opposition in the west subdued, a victory in the east would mean Assad has conquered the entire country. Clearly, that raises the question of what happens next. That is, it’s rather difficult to depose someone who has just vanquished the last vestiges of the opposition. Still, you shouldn’t expect Washington, Riyadh, Doha, and Ankara to give up on the effort to oust the Alawite government just yet, which is why we weren’t surprised when London-based al-Hayat reported that the US and Russia had agreed on a plan that would see Assad take refuge in an as-yet unnamed country once a political transformation has had time to take hold.

http://www.zerohedge.com/news/2016-03-31/assad-ready-snap-elections-kremlin-denies-report-russia-us-plan-help-him-flee-syria

N. KOREA FIRES SHORT-RANGE MISSILE INTO SEA OF JAPAN – REPORT


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The missile was fired from the North Korean resort town at Wonsan at 5:40 p.m. (08:40 GMT) and flew northeast over the sea for about 200km (124 miles) before it appeared to make contact with land, Yonhap reported.

It comes just one week after the North reportedly launched additional short-range missiles in the direction of the Sea of Japan.

Just days prior to that launch, Pyongyang carried out a ballistic missile test, firing two rockets into the sea.

Both Russia and China have criticized North Korea, saying they do not recognize its nuclear ambitions, and that leader Kim Jong-Un should listen to the UN Security Council’s demands to return to the negotiation table.

However, both Moscow and Beijing agree that rising tensions on the Korean peninsula should not give the US a pretext to deploy a missile shield in the region.

http://www.infowars.com/n-korea-fires-short-range-missile-into-sea-of-japan-report/

First Islamic bank opens in Russia


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We are living through difficult times. Difficult economic circumstances force us to look for new ways. Affiliate banking is new to us. We have to form customer service, which would, above all, be in accordance with Russian banking legislation and not contradict Islamic banking,” said the president of Russia’s Republic of Tatarstan Rustam Minnikhanov.

Located about 800 kilometers east of Moscow, Russia’s Tatarstan has a significant Muslim Tartar population.

“I am sure this will also be a step that will attract new financial markets to our country,” he added.

The center will focus on banking services for individuals, firms and foreign investors.

According to Tatarstan Finance Minister Artem Zdunov, the lack of foreign borrowing has made Russia look for other sources of financing, including Muslim countries. He added that the Islamic finance industry is one of the fastest growing in the world with 15-20 percent annual growth in assets.

The state religion in several countries of Southeast Asia and the Middle East has left its mark on their credit institutions. Islamic banks do not pay interest, and receive an income from investments in business projects.

https://www.rt.com/business/337049-islamic-banking-russia-kazan/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

 

 

FIRST ISLAMIC BANK OPENS IN RUSSIA


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At a time when Western funding is closed to Russia, it could now get more investment from Muslim countries.

“We are living through difficult times. Difficult economic circumstances force us to look for new ways. Affiliate banking is new to us. We have to form customer service, which would, above all, be in accordance with Russian banking legislation and not contradict Islamic banking,” said the president of Russia’s Republic of Tatarstan Rustam Minnikhanov.

Located about 800 kilometers east of Moscow, Russia’s Tatarstan has a significant Muslim Tartar population.

“I am sure this will also be a step that will attract new financial markets to our country,” he added.

The center will focus on banking services for individuals, firms and

http://www.infowars.com/first-islamic-bank-opens-in-russia/

Inquiry Into FlyDubai Plane Crash in Southern Russia to Take Two Months


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FlyDubai Boeing 737-800 plane coming from Dubai crashed at about 03:50 Moscow time (00:50 GMT) on Saturday while attempting landing amid poor weather conditions at the Rostov-on-Don Airport (ROV). All 62 people on board, 55 passengers and seven crew members, died in the crash.

http://sputniknews.com/russia/20160319/1036581424/flydubai-crash-investigation.html

Flydubai plane crashes in Russia; 62 aboard reported dead


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After circling a southern Russian airport for more than two hours because of high ground-level winds and poor visibility, a passenger jet from the United Arab Emirates crashed during a landing attempt, killing all 62 people aboard.

The flydubai Boeing 737 took off from Dubai and was scheduled to land at the Rostov-on-Don airport at 1:20 a.m. Saturday (6:20 p.m. ET Friday), Russian Emergencies Minister Vladimir Puchkov said.

But it didn’t come down — about 800 feet from a runway — until 3:50 a.m. By that point, Russian state media reported, there were winds of about 60 mph.

Authorities have ruled out terrorism as a cause of the crash. Instead, according to investigative committee spokeswoman Oksana Kovrizhnaya, they will be looking at three possibilities: technical issues, severe weather and human error.

Kovrizhnaya said the investigations will take at least two months, as required by Russian law, but “could be prolonged,” according to state-run Sputnik news.

http://edition.cnn.com/2016/03/18/europe/russia-plane-crash/index.html