Amid Russia’s economic woes, billions of dollars continue to disappear in offshore havens. The net outflow of capital from Russia reached $32.6 billion during the first quarter of 2015, according to the nation’s Central Bank. Read Here – Eurasianet
India’s biggest money managers have one piece of advice for Prime Minister Narendra Modi: Investors will forgive a higher budget deficit if the cash is spent on roads and bridges instead of food and fuel subsidies. Read Here – Bloomberg
Mr. Rajan, the governor of the Reserve Bank of India, has been honored with awards this winter for his role in helping to bring momentum back to the country’s economy. His unexpected interest rate cut on Thursday helped strengthen emerging market stocks around the world. At home, the view is less favorable, as Mr. Rajan […]
The internationalization of China’s currency is underway, albeit with some important hurdles still to clear. Read Here – The Diplomat
Chinese company debt twice the size of Ireland’s economy will come due in 2014, spurring concern the nation is on the cusp of its first corporate bond default. Read Here – Bloomberg
The roadmap for China’s foreign exchange reforms has now come into focus, following the recent conclusion of the landmark Third Plenum, which outlined the blueprint that is set to shape the direction of economic reforms in the world’s second-largest economy for the next decade. Read Here – The Diplomat
Gold’s burnished appeal in China stems in part from a lack of alternative investments. While the MSCI All-Country World Index of equities rose 18 percent this year through Nov. 22, the Shanghai Composite Index slumped 3.2 percent. Policymakers clamped down on property investments in March to cool the housing market, ordering the central bank to raise down-payment requirements […]
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 […]
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
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
looking beyond borders 