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Saturday, August 8, 2020

Waiting and Waiting for the Global Renminbi

Just a few years ago, the renminbi seemed destined to become one of the world’s most significant currencies. However, its attractiveness has plunged as international investors seek currencies with legal security, ease of use and, critically, unrestricted convertibility.

Nigeria’s Brutal Decision: Former Dictator or Alleged Kleptocrat

Voters need to choose between a pair of uninspiring presidential candidates, neither offering a fix for its struggling economy.

Nigeria’s banking woes: Nationalised bad debt banks and corporate governance collapse, What’s next for Polaris Bank

The global financial crisis dealt badly with Nigeria's banking institutions that relied on the country's source of income and revenue on it's booming oil industry. As retail Investors still grappling with the loss of investment, faced with the dilemma arising from the sale...

Investor Activism: The next generation flexes its muscles

Traditionally seen as aggressive, a new wave of players is taking a different approach to getting a seat on the board The founding class of shareholder activists, once scorned as “corporate raiders” and “greenmailers” out for short-term results at the companies they targeted, have grown...

In Emerging Markets, The Unbanked Don’t Need Facebook’s Libra Currency

By Adam Minter In emerging markets, more local solutions are likely to hold their own against the social-media giant’s Libra currency. Among Facebook Inc.’s justifications for introducing a new digital currency, Libra, the company has offered one pious rationale: to connect the 1.7 billion...

As World Wavers on Free Trade, Africa Embraces It

By Prinesha Naidoo | Bloomberg Oct. 16, 2019 at 4:56 p.m. GMT+1 Amid trade tensions between the U.S., China and Europe, and the U.K.’s fraught departure from the European Union and single market, African leaders are moving in the opposite direction to establish the world’s...

How Standard Chartered Lost $400 Million on Risky Diamond Debt

The bank thought it would be a good idea to expand a unit making loans secured by the jewels. Now it wants out. By Franz Wild, Thomas Biesheuvel, and Stephen Morris Standard Chartered Plc’s plunge into the risky business of diamond lending began eight...

EXPLAINER: The coronavirus pandemic that tumbled oil prices are triggering a dollar shortage in Nigeria and calls for naira devaluation

By Yomi Kazeem Nigeria has recorded only two confirmed cases of Covid-19 but the global pandemic’s growing impact on its economy is far more significant. As oil prices tank while global demand drops drastically in the wake of the outbreak, Nigeria’s economy is being caught in...

Narendra Modi’s Biggest Tax Gamble

An overhaul of the taxation system, which comes into effect on Saturday, aims to turn India into a single market by: Kiran Stacey in New Delhi At a crucial moment during the 16th meeting of ministers convened to thrash out the details of India’s biggest tax...

Bob Diamond Gets Behind the Humble Bank Loan—in Risky Italy

The American banker ousted from Barclays after the rate-rigging scandal is betting on the revival of a country burdened by bad debt. By Edward Robinson To most people, lending money to small Italian businesses looks perilous. In the past decade, Italy became a byword for financial...
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