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.
After years of stagnation, Jamaica’s economy appears to be headed up. Debt reduction is a good start.
Neil Shearing, chief emerging markets economist at Capital Economics, visited Global Finance on September 10, just as Standard & Poor’s cut Brazil’s public debt to junk level. We asked him about the outlook for that country and other emerging markets.
Commodities | Oil prices have only slightly recovered from a new record low set at the end of August. But they are still 60% below their peak of 2014, which is putting pressure on US oil companies, with many pundits predicting a rapid overhaul of the industry.
Country Report | Turkey is roiled by political uncertainty and slowing growth ahead of November elections.
What’s irking central bankers is not that they have bought too many stocks or bonds. Rather, it’s that they haven’t bought enough.
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.