Events in Ukraine have changed the outlook for Russia. Now the country faces choices about its global role that could affect the rest of the world for decades. Which path will it take?
Global Finance Magazine
FRONTIER MARKETS REPORT | MOROCCO
Morocco boasts solid outward FDI, geopolitical stability and proximity to key markets, but corruption is commonplace.
REGIONAL REPORT | CENTRAL & EASTERN EUROPE
Central European countries are starting to recover, with growth accelerating in most markets. But the region’s banks still have some trials to overcome.
Inside Sibos | Day 3
“Global Transaction Banking is the fastest growing unit in Société Générale,” says Christian Behaghel, head of GTB at Societe Generale. “It is a very stable business, and while we generate something like 6% of the total revenue of the bank, we are experiencing growth of our revenue of 10-15% a year.” This compares, he says to some areas of retail banking that have 0-2% growth a year.
Inside Sibos | Day 3
This year’s Sibos event is set to see a greater focus on the use of technology to support trade. Since the launch of the Bank Payment Obligation (BPO), and the publication last year of the Uniform Rules for Bank Payment Obligation (URBPO) by the International Chamber of Commerce, adoption of the new instrument has been gradual—but across the industry there is increasing focus on how technology can be deployed in an area traditionally dominated by paper.
The most commonly accepted definition of the wealthiest countries is to determine how rich the average resident of a country is.
There are two standard methods of measuring the wealth of countries and how rich or poor its inhabitants are. The measure most often used is Gross Domestic Product (GDP), which represents the size of a country’s economy. A refinement of ...
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From the Wires
By Andrey Ostroukh MOSCOW--Russia's manufacturing sector expanded at a slower rate in September as the employment level and stocks of purchases declined steeply, the HSBC Manufacturing Purchasing Manager's Index showed Wednesday. The headline manufacturing PMI index declined to 50.4 in ...
By Andrey Ostroukh MOSCOW--Russia's finance minister said Wednesday that an introduction of capital controls is unacceptable, Interfax news agency reports Wednesday. The central bank and government officials have repeatedly said they have no plans to control capital flows to stem ...
By Paul Hannon A surprise decline in German manufacturing activity for the first time in 15 months indicates the eurozone's northern core is at risk of slipping into stagnation, a development that will likely add to pressure on the European ...