Tag: banking
A New Bank, BRIC By BRIC; India To Preside
Leaders of the Brazil, Russia, India, China and South Africa — all emerging market nations — launch a $100 billion development bank and a currency reserve pool in their first concrete step toward reshaping the Western-dominated international financial system. The bank, aimed at funding infrastructure projects in developing nations will be based in Shanghai and […]
Going Abroad With The Yuan
The internationalization of China’s currency is underway, albeit with some important hurdles still to clear. Read Here – The Diplomat
Is Iraq The New Investment Magnet?
For Grant Felgenhauer, a money manager whose hedge fund owns $110 million of Iraqi equities, the 15 explosions that rocked the country on a single day in mid-January weren’t a reason to stop buying. Read Here – Businessweek
In Dollar We Believe
Since 1976, the US dollar’s role as an international currency has been slowly waning. International use of the dollar to hold foreign-exchange reserves, denominate financial transactions, invoice trade, and as a vehicle in currency markets is below its level during the heyday of the Bretton Woods era, from 1945 to 1971. But most people would […]
Brazil’s Fear Of Colonisation
Brazil and China can’t seem to agree on what either country is getting out of their economic ties Read Here – Quartz
An Emerging Star Called Renminbi
A Bank of International Settlements survey released on September 5 reveals that the renminbi (RMB) is now among the 10 most actively traded currencies in the world. Read Here – The Diplomat
A Little Deflation Is Just FIne
The story of Japan these last 20 years, from the government to banks to companies, has involved keeping consumer prices steady. Deflation has acted like a stealth tax cut for households and restored some sobriety to costs. Read Here – Bloomberg
In India’s Defence
For the most part, India’s current growth slowdown and its fiscal and current-account deficits are not structural problems. They can all be fixed by means of modest reforms. This is not to say that ambitious reform is not good, or is not warranted to sustain growth for the next decade. But India does not need […]
Xi Pushes For Deeper China reforms
China must deepen reforms in major areas with “ever more political courage and wisdom” to surmount the institutional barriers that are restraining growth, President Xi Jinping has stressed. Read Here – Xinhua
looking beyond borders 