Currencies
African Countries Shift Away from the US Dollar
African countries are increasingly turning away from the US dollar as their preferred currency for trade and transactions, with the yuan and local currencies gaining traction.
The Economist
Staff reporter at Trade and Tide, covering Global Economy.
Institutions & debt
Central Banks and the Delicate Balance of Communication
Central banks face the challenge of communicating effectively without revealing too much, much like the Oracle of Delphi. Striking the right balance is crucial to maintain credibility and influence economic behavior.
Regions & economies
India's IT Sector Adapts to the Rise of Artificial Intelligence
India's technology industry is finding ways to survive the impact of artificial intelligence, despite initial concerns that the technology would lead to job losses.
Currencies
Japan's Yen Intervention Undoes a Risky Global Trade
Japan's recent intervention to support the yen has disrupted a long-standing global carry trade, with the US Treasury aiding the Bank of Japan in stabilizing the currency. This move highlights the risks of the yen's prolonged weakness and its broader implications for global financial markets.
Regions & economies
China's Rise to Global Oil Supremacy
China's growing influence in the global oil market has led to a shift in power dynamics, with the Chinese Communist Party now calling the shots in the industry.
Flows
Singapore’s Financial Prowess Hindered by Lack of a Major Stock Exchange
Despite its dominance in foreign exchange, commodities, and wealth management, Singapore struggles to establish a significant stock market, leaving a gap in its financial ecosystem.
Currencies
Kevin Warsh Faces Challenges as New Federal Reserve Chair
Kevin Warsh, the new chair of the Federal Reserve, is struggling to escape the problems left by his predecessor. High inflation, weak jobs numbers, and presidential interference are among the challenges he faces.
Flows
Index Funds Reshape Markets, Defying 'Passive' Label
Fifty years after its launch, the Vanguard First Index Investment Trust has transformed global markets, proving that index funds are far from passive despite early skepticism.
Institutions & debt
China’s Debt-Bomb Squad Faces Its Own Crisis
China’s financial firms, originally created to manage bad loans and defuse credit crises, are now struggling with their own debt problems. Guohou Asset Management, a key player in this sector, has become the first to require restructuring, signaling potential trouble ahead for others in the debt-bomb squad.