After years of stagnation, Jamaica’s economy appears to be headed up. Debt reduction is a good start.
Global Finance unveils its annual list of the best banks globally, regionally and by country. The winners have provided the best service to clients.
IMF/WORLD BANK ISSUE
Global Finance’s annual evaluation of the work of the world’s central bankers found some stellar performances, and some dismal ones. The toughest challenge for many: propping up falling prices.
Short-term risks have not dimmed the country’s economic prospects. That may explain why FDI from Asia and Gulf nations is surging.
With the country’s oil revenue set to slide by about 30% this year, privatization is a largely untapped resource.
Arabia is meeting with some success in its efforts to entice foreign investors to six new economic cities in the kingdom.
Guatemala’s political turmoil, with parties deadlocked in Parliament, a runoff election looming and corruption scandals exploding, means the government will operate in a kind of suspended animation until 2016.
The Indian government headed by prime minister Narendra Modi is betting big on the reform and revamp of state-run banks over the next four years to support the country’s 8%-plus GDP growth.
Corporate Finance & Capital
Fixed Income | With this summer’s Greek debt crisis having abated somewhat and the European Central Bank (ECB) considering expanding its easy-money policies, US companies are rushing to the eurozone to issue debt at record-low interest rates.
Executive Pay | Since the global financial crisis of 2008, corporate boards have been under pressure to tie executive pay to performance.
Mergers & Acquisitions | Slowing growth and severe stock market falls have raised fears that China is nearing some sort of crossroads. Some economists believe that, owing to tight central controls, Chinese corporations won’t hit their expected growth targets.
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%.