“I was told that many in his team have an opinion that Obama was not right not to join the AIIB, especially after Canada joined (…) So we can’t rule out the new government in US endorsing the AIIB or indicating interest to join as member.” Source: People’s Daily
Gefira Anticipation Bulletin
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Japan and India are finally moving to fructify their partnership for development of the Chabahar port in Iran with Tokyo committing investment to help improve Afghanistan’s access to the port. Source Times of India
Bonds backed by certain risky single-family mortgages topped $1 trillion for the first time in November. As nonbanking firms such as Quicken Loans take on a bigger share of FHA-backed mortgages, some are worried these lenders may lack the financial wherewithal to withstand future stress in the housing market. Source: WSJ
Wall Street’s high-flyers in Davos, basking in their firms’ strong fourth-quarter earnings, said they’re confident Donald Trump’s incoming administration will loosen regulatory constraints on financiers — even if it leaves Barack Obama’s signature Dodd-Frank Act largely intact. Source: Bloomberg