Eni, the Italian energy company that was unsuccessful in finding exploitable hydrocarbons in Cyprus, now has a major find on its hands elsewhere.
Islamic Finance | Bank Negara’s decision to halt issuing shariah-compliant bonds has left a big hole in the Islamic debt market. Filling the void will take time.
FX Reserves | China’s foreign exchange reserves plunged by nearly $94 billion in August, the most ever in a single month, as the People’s Bank of China (PBoC) struggled to support the renminbi after devaluing the currency by 1.9%.
Regional Report | As relations between Cuba and the United States get friendlier, the economic outlook of the island is also improving.
“An economic windfall.” That’s how the World Bank’s chief economist for the Middle East and North Africa, Shantayanan Devarajan, characterized the boost to the Iranian economy from the lifting of sanctions in the wake of the nuclear deal struck with the permanent members of the UN Security Council.
Global Finance’s First Annual List Of Who’s Who In African Finance.
China’s rattling of sabers may be causing tension in Taiwan, but the country’s currency is on the rise.
A raft of new regulations around the world is changing how treasurers manage cash.
Wedged between Brazil and Argentina—two neighbors with serious economic problems—Uruguay is an attractive foreign direct investment alternative in Latin America.
At a lavish ceremony last month, the Egyptian government inaugurated the new Suez Canal, marking an expansion of the original project, which dates to 1869.
Capital Markets | Foreign Exchange
The executive board of the International Monetary Fund recently held an informal meeting to discuss a staff report that found some deficiencies in the renminbi as a potential reserve currency.
Patrick Njoroge was named governor of the Central Bank of Kenya in June, part of a broader change in leadership at the Central Bank, including a new chairman and second deputy governor.
Trends | Sovereign Funds & Trade
This summer US Congress passed a law giving president Barack Obama the authority to “fast-track” free-trade pacts such as the multinational Trans-Pacific Partnership (or TPP), which covers around 40% of trade in American goods and 60% of trade in Asian goods.
A wobbly administration and a plunge in commodities prices have triggered one of the nation’s toughest years in recent memory.
Major rating agencies are chasing each other in downgrading Brazil, as the country struggles with recession, a spiraling devaluation of the real and a damaging political crisis.
Capital Markets | Economic Transition
As China makes the transition to a consumer-led economy, it has the potential to generate an incremental $15 trillion in consumer spending over the next decade, according to a report by think tank The Demand Institute.
The recent devaluation of the renminbi by Chinese authorities is yet more proof that currency markets do not go on vacation in August.