Poor European flash PMI pushed on open door, giving the market a new reason to do what it was doing and that buying the dollar. The euro has approached important support around $1.08 and sterling...
When international ratings agencies like Moody’s or Fitch downgrade countries, the economies of these nations suffer. African governments have had enough and are retaliating against what they call ‘subjective’ ratings. Namibian Finance Minister Calle...
The five BRICS (Brazil, Russia, India, China and South Africa) represent no less than 4 billion people or 42% of the world’s population, and even more regarding their contribution to the global economy since their...
An annual BRICS summit in China has kicked off with the emerging market bloc in need of direction. The five members are divided as they face political and economic troubles. Chinese President Xi Jinping on...
Challenging the World Bank and the IMF as a response to their failed reforms or complementing the existing market players with efficiency and not a competition, the New Development Bank focuses beyond those things and...
One may want to ignore the recent 8th BRICS summit in Goa (India) and retain only the announcement of the launch of an independent rating agency. We can also consider that the battle of Mosul...
The BRICS group of five emerging countries has reached agreement on a fund aiming to stabilize their currencies. The fund, worth $100 billion, seeks to stem an outflow of capital once the US changes monetary...
