Cryptocurrencies, unlike fiat money, are, by definition, more a commodity than a pure currency, giving them compelling appeal for Islamic finance—because renting a commodity is in line with the principles of shariah, unlike lending based on interest.
The annual meetings of the International Monetary Fund and World Bank in Lima, Peru, in October, will provide world leaders with the right stage to discuss poverty and inequality and suggest ways for Latin American economies to foster growth less dependent on commodities, according to former president of Peru, Alejandro Toledo.
Global Finance sat down with José Francisco de Lima Gonçalves, a professor of economics at São Paulo University and chief economist at Banco Fator, to discuss his views on Brazil in 2015.
Supply chain vulnerabilities can have long-term consequences, so a country’s resilience to disruptions is a major boon to companies seeking to locate operations.
It's not often that the UK finds itself in Washington's bad books—this is, after all, a country that supports the US in even its most ill-advised foreign adventures and is often described as America's closest ally.
Royal Bank Of Scotland plans to vastly scale back its Transaction Services business. It is a further sign of the challenging times faced by global transaction banks.
The Islamic finance industry has grown significantly over the past 15 years, and Harris Irfan's book, Heaven’s Bankers: Inside the Hidden World of Islamic Finance gives a fine account of some the groundbreaking transactions that opened up the industry and made it more competitive.
Uganda, the East African country that will soon to join the league of oil producers, is set to build a refinery before its own production capacity comes online.
McDonalds appointment of British-born Steve Easterbrook as its new CEO has both surprised and delighted analysts—concerned by the burger behemoth’s first annual decline in 30 years.
New Basel III liquidity rules for banks may force multinational corporate clients to hold more cash in local branches.
In a presentation in New York on February 18—his first official visit to the US since his appointment—Brazil’s Finance minister Joaquim Levy said that Brazilians are learning by doing.
Without the need for being either a skilled mathematician or uber-geek. The Age of Cryptocurrency includes everything you could possibly want to know about cryptocurrencies.
Sukuk Outlook 2015
Hit by the double curse of falling oil prices and rising interest rates, global issuance of sukuk— shariah-compliant Islamic bonds—slowed sharply in the final quarter of 2014.
India’s right-wing Bharatiya Janata Party government, led by prime minister Narendra Modi, seems set to give a new lease on life to insurance sector reforms.
A major blot on the country’s wholesome image is the questionable behaviour and ethics of some of its mining and energy companies both at home and overseas
Last year ended with a data breach of the US retailer Target, this year "The Sony Hack". What will 2015 hold for cyberattacks and cybersecurity?
The big bank is the only systemically important US financial institution found to depend too heavily on wholesale sources of funding.