By John Bluedorn and Shengzu Wang/July 22, 2014-iMFdirect Since the financial crisis, the euro area current account, made up mostly of the trade balances of the individual countries, has moved from rough balance into a clear surplus. But the underlying rebalancing across economies within the euro area has been highly […]
Author: InvestAdvocate
Saudi Arabia to open $530 billion bourse to foreigners in early 2015
Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday. The opening of the Saudi market, capitalized at about $530 billion, is one of the most […]
CBN Communiqué No. 96 of the MPC Meeting, July 21-22, 2014
By InvestAdvocate Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) met on July 21 and 22, 2014 against the backdrop of continuing QE3 tapering by the U.S Federal Reserve which has resulted in the slowing of inflows to emerging markets and frontier economies; and the attendant uncertainties in the outlook for monetary […]