Capital inflows into the asset class hit US$25bn last month. “I am not entirely surprised as this “global deflation fear”, the driving theme for global markets is quite supportive for global emerging markets,” said Benoit Anne, head of EM strategy at SG. However, Anne reckons that appetite may dampen with the December Fed meeting approaching […]
Increasing Global Competition
Growing China to Contribute More to Asia Development: Xi
Chinese President Xi Jinping said Wednesday the prospect for Asian countries’ cooperation is promising and a growing China will make bigger contribution to Asian development. Xi made the comments in a meeting with the members of the board of directors of the Boao Forum for Asia(BFA), who gathered in Beijing for a working conference. Xi […]
Investing in Africa’s Future is Good for Ours
At the recent U.S. – Africa Leaders Summit, former President Clinton and former New York Mayor Michael Bloomberg accused American companies of “missing the boat” and falling behind China and Europe in doing business with African nations. In the words of President Clinton, the U.S. business community “needs this relationship as much or more as Africa and […]
How Other Countries are Scrambling for Africa Alongside the U.S.
This week in Washington, dozens of African heads of state are converging for a landmark series of meetings with U.S. officials and businesses. The event has been billed as the clearest sign yet of the Obama administration’s desire to reassert American interests in the continent, which have taken a back seat to the United States’ […]
Latin America’s Great Economic Divide
There’s a rift in Latin America that is neatly defined by two oceans. According to the International Monetary Fund’s latest economic forecasts, the Atlantic-facing countries of Venezuela, Brazil, and Argentina, the largest members of the Mercosur customs union, will grow at an average rate of 0.6 percent this year; while Chile, Peru, Colombia, and Mexico—which […]
8 Facts about China’s Investments in Africa
“Considering the low priority of Africa in China’s overall foreign strategic mapping, a disproportionate level of international attention, publicity and scrutiny is paid to China’s Africa engagement,” writes Yun Sun, in a recent John L. Thornton China Center/Africa Growth Initiative paper, “Africa in China’s Foreign Policy.” Brookings
West Africa: EU Approves 6.5 Billion Euros for Trade in West Africa, Liberia Inclusive
The European Union Delegation to Liberia has announced the decision of the European Council to provide at least 6.5 billion euros for the Economic Partnership Agreement Development Program (PAPED) for West Africa during the period 2015 – 2020. All Africa