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Nigeria Finally Embraces Economic Diversification
No longer just a buzzword bandied about by politicians, diversification is now seen as a key to the future of Africa’s biggest economy, as sinking oil prices have eroded government revenue.
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Star Finance Minister Feels The Heat
He has been called a “rock star” in Portugal’s popular press.
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Zika A Public Health, Not An Economic, Crisis
Economists don’t anticipate a major economic impact from the mosquito-born Zika virus—so far, at least—although it’s certainly a kick in the shins for struggling Brazil and an overhang for tourism in Latin America.
Capital Raising & Corporate Finance
ASEAN Midwifes A Regional Trade Powerhouse
A new era kicked off on December 31, 2015, for the 10 countries that are part of the Association of Southeast Asian Nations: The alliance launched the Asean Economic Community (AEC), a trade bloc aimed at creating a unified, cross-border market where labor, services and capital can flow without restrictions.
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Business Gets An App For That
Smart corporates are using mobile apps to collect real-time data, analyze it and feed it to employees, who can respond immediately. Companies that neglect these tools could find themselves at a disadvantage.
Economics, Policy & Regulation
Catalan Leader Amps Up Independence Call
<strong>Spain:</strong> Legislators in Catalonia elected Carles Puigdemont, who has been pushing for independence for the big Spanish region for years, as president on January 10.
Capital Raising & Corporate Finance
Cuba Learns The Art Of The Deal With Unilever
<strong>Cuba</strong>: News that Anglo-Dutch consumer products company Unilever will return to Cuba to build a $35 million plant in the special development zone at the port of Mariel, about 40 kilometers west of Havana, is one of the clearest signs yet that the communist nation is taking a more pragmatic approach to foreign direct investment.
Economics, Policy & Regulation
Gordhan Gets His Turn To Heal South Africa’s Woes
<strong>South Africa: </strong>After burning through two Finance ministers in 18 months—with the second having held the job for less than a week—South Africa’s president, Jacob Zuma, moved in mid-December to restore a measure of stability to the post.
Economics, Policy & Regulation
Looser Rules May Spur Japanese Fintech Revolution
Japan’s Financial Services Agency is preparing legislation allowing the government to relax restrictions on fintech investment, promising a technological jolt to one of the world’s biggest financial markets.
Capital Raising & Corporate Finance
Real Estate: Is The Party Over?
Peter Hayes, global head of invest-ment research for Prudential Real Estate Investors, joined Global Finance editors in New York to talk about which property markets look hot in 2016—and which look too hot.
Economics, Policy & Regulation
Steady Interest Rates Help Brazil’s New Finance Minister
<strong>Brazil: </strong>The Banco Central do Brasil gave new Finance minister Nelson Barbosa a bit of help on January 20, when it decided to hold the short-term interest rate, the Selic, to 14.25%.
Economics, Policy & Regulation
Taiwan’s New President To Focus On Growth, Not China
Tsai Ing-wen, leader of what was—until a couple of weeks ago—Taiwan’s opposition party, will become the island’s first female president this spring following a January 16 election in which she and her Democratic Progressive Party (DPP) won control of both the presidency and the legislature from the incumbent Kuomintang (KMT) party.