Finance
China to Audit Local Governments and Reduce Financial Risk
On July 28th, China’s National Audit Office (NAO) announced that it will conduct a nationwide audit of government debt as Beijing tries to ascertain the financial risks to China’s continued
10 Facts about the Detroit Chapter 9 Bankruptcy
“They (outsiders) think Detroit is a dump. No respect. It’s a dump now. Detroit can’t even handle its own business? That’s sad.” — Detroit resident Everett Cottrell, 52. 1. The largest
China’s Tug of War Between Central and Commercial Banks
Chinese banks experienced an unexpected credit crunch in the past weeks. On June 20, the Shanghai Interbank Offered Rate (SHIBOR) and overnight repo rate reached, at certain points, 25% and 30%
Convexity Hedging Increases Risk in US Markets
If you have been watching the yield curve for U.S. treasuries, you will have noticed a rise in interest rates pretty much across the board. As Treasury yields go north,
Lack of regulation limits Afghan gem mining
The lack of clear industry rules is hampering the growth of Afghanistan’s mining sector. Blessed with mineral wealth, Kabul remains unable to utilize it. Afghanistan lacks the major gas and
Apple fall afoul of U.S Corporate Tax Code
Apple’s refusal to engage with politics in Washington has cost them an embarrassing news cycle. Investors should pay attention to tech companies’ political influence as the industry experiences growing regulatory pains.
Keep calm over China’s surging shadow banking
Five years after the 2007-08 financial crisis, the term ‘shadow banking’ can still stir up a sense of fear, at least among investors in China. In January 2013, Shang Fulin,
Nigeria’s opportunity to diversify bank lending
The level of concentration of Nigeria’s banking sector is enough to give investors cause for concern, as five banks control nearly 60% of the market. In 2005 and 2009, excesses
Hot Money in Nigeria’s Capital Markets
Nigeria is the new kid on the block when it comes to international capital markets, with Abuja gaining international economic and political attention. The setting for the World Economic Forum,
Bitcoin: Scam or viable currency alternative?
There is a sense in which the entire Bitcoin debate is profoundly unsettling, highlighting the fact that most currencies today are just like it – fictional, fiat money, printed and
