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Prospects for Freer Exchange of China’s Currency
China’s currency, the renminbi (RMB), will probably not supplant the US dollar as the world’s reserve currency, except possibly “in the very long term”, said Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, and a former US Treasury
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CFI.co Meets Kayode Falowo
Greenwich Trust Limited is a boutique Investment Bank focused on creating value for its various stakeholders. The firm was incorporated in 1992 and commenced business in 1994. Greenwich Trust Limited has various subsidiaries involved in different aspects of the Capital
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Banco Interacciones – Preparing For the Future
Banco Interacciones is a success story which was born 19 years ago among Mexico’s worst economic crisis. Established in 1993, the bank has stayed ahead of its competitors by focusing just in those market segments where it has several competitive
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CFI.co Meets Hisham Alrayes
Hisham Alrayes has been Acting Chief Executive Officer of Gulf Finance House since April 2012. He is responsible for overlooking the overall performance of the Bank, setting the Bank’s strategic direction, management of the Bank’s assets and liabilities, and managing
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Africa: Determined to Consolidate Gains
Africa is already the world’s second fastest growing economy after expanding 5% a year in the past two years, well above the global average, and Africa’s GDP is on track to grow by 5.3% this year, a televised debate this
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Global FDI Recovery Stalls in 2012
Macroeconomic fragility and policy uncertainty for investors has led to an 18 per cent decline in global foreign direct investment (FDI) inflows last year, to an estimated $1.3 trillion, the United Nations said in a new report released on January
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Europe as Solution: Facts and Myths
Extracts from a January 2013 speech delivered in Portugal by José Manuel Durão Barroso, President of the European Commission I sincerely believe that, in spite of the difficult economic situation we are experiencing, we Europeans have the means to confidently
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Asia in 2013: Grounds for Optimism, but Challenges Ahead
By Anoop Singh Director, IMF Asia and Pacific Department After a subdued economic performance in emerging Asia in 2012, growth in the region is set to pick up gradually in 2013 helped by external demand and accommodative monetary policy. At
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World Economic Forum Calls for Resilient Dynamism
David Cameron, Angela Merkel and the prime ministers of Russia and Italy will address the World Economic Forum Annual Meeting, 2013 in Davos Switzerland (Jan23 – 27) under the theme Resilient Dynamism. “To be resilient is to adapt to changing
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IFC Study: Obstacles to Growth and Job Creation
A new study by IFC, a member of the World Bank Group, finds that much-needed jobs in developing countries can be created at a faster rate if policy makers and development institutions make it a priority to remove the key obstacles to
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