Banking and Finance – Page 16

Greece Exit…. end of a nightmare or beginning of one?

June 30, 2015January 22, 2018deenazaidiBanking and Finance, Eurozone CrisisLeave a Reply

June 30th 2015 could be an important turning point for Greece: an exit or a repayment of the debt as it reaches its debt repayment deadline. A crisis in Greece will affect markets all across the globe. In fact, they are already reflected in the stock exchanges across the world. The country is heading for a default and market reactions are the first sign that nothing is going good with Greece. Clearly, market perceptions are that Greece will be unable to meet 1.6 billion euro of loan repayment to the International Monetary Fund. The widespread panic happened last week due to the failing talks between Greece and its creditors.

The Warning Signs Of Greek Economy

June 26, 2015November 23, 2020deenazaidiEurozone Crisis, World EconomyLeave a Reply

This probably is a situation which will be a loss in either case: if Greece exits, it could be a bigger issue for Eurozone and Greece will have to fight its own battles with no common currency nation by its side.

The Experimental Reforms in China’s Economy

June 17, 2015January 22, 2018deenazaidiAsia-Pacific, ChinaLeave a Reply

China’s leaders now aim to transform China into one of the world’s leading industrial powers by 2045 and for this, a new business model will be designed. By doing this, it aims to reduce and eventually overcome the country’s dependence on cheap manufacturing and instead focus on advanced industrial goods for markets. Not only this, China has for long been building knowledge-based economy, driven purely by innovation and domestic consumption. But its real estate sector still consists of ghost towns and dozens of unleased commercial spaces.

BRICS NEW DEVELOPMENT BANK – Does it have what it takes?

May 18, 2015January 22, 2018deenazaidiAsia-Pacific, Banking News, World EconomyLeave a Reply

The whole purpose of BRICS New Development Bank is to be self sufficient and rely less on western economies. The world’s reserves has shrunk from 90% (2004) of dollar denominated securities to 60% in 2014. But, the growing tension individually in the member countries could easily defeat the purpose for which it was originally formed. Some debate that this small initiative (formation of BRICS) could be a big challenge for the advanced economies.