Malaysia: This country may be another oil victim
While lower oil prices are set to give many of Asia’s economies a fillip, Malaysia could face serious headwinds due to its heavy reliance on state-owned oil company Petronas. (Source: CNBC)
Russia: Russia to fall into recession amid sanctions and plunging oil price
Russia will plunge into recession next year under the weight of lower oil prices and western sanctions over Ukraine, the economy ministry warned. (Source: The Guardian)
Greece: Greece, Cyprus and Israel to explain Med pipeline vision to EU
Energy ministers of Greece, Cyprus and Israel will hold talks with the EU next week to try to advance a plan for a pipeline linking newly-discovered gas riches in the eastern Mediterranean to Europe, Cyprus’s energy minister said on Tuesday. (Source: Reuters).
Israel: Netanyahu Calls for New Israeli Elections
Israeli Prime Minister Benjamin Netanyahu called for early national elections after he broke up his coalition government by firing two top cabinet ministers. (Source: WSJ).
India: Rajan Lays Challenge to Modi as India Easing Tied to Budget
India’s central bank chief, pursuing a campaign to strengthen independence, took one of his biggest steps yet in pushing the nation’s government to rein in a fiscal deficit with a signal that lower interest rates depend on budget tightening. (Source: Bloomberg)