India seems to be on course with economic reforms under the leadership of prime minister Narendra Modi, achieving a significant landmark as it moved ahead of the US and China in the foreign direct investment (FDI) sweepstakes.
As the renminbi gains international acceptance, Chinese firms look further afield for growth.
An analytical exercise that was moderately popular before the financial crisis has become a mandatory task in the post-crisis years.
After a summer of heavy turbulence in global financial markets, the new season starts with the seemingly endless story of when the Federal Reserve Board will raise interest rates. Although the Fed put off the move in September, the US central bank will up rates eventually, most likely at its next meeting in December. The hike will undoubtedly force some countries to shift monetary policies.
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.
Short-term risks have not dimmed the country’s economic prospects. That may explain why FDI from Asia and Gulf nations is surging.
Arabia is meeting with some success in its efforts to entice foreign investors to six new economic cities in the kingdom.