For the last four years, the world has traded largely based on hope of more intervention from Central Banks. That is the single driving factor of the markets. Good news was good news (it’s a recovery!) but bad news was even better (the Fed will have to print more money!) as far as stocks were concerned. Show More Summary
In 2010, World Bank statistics report that Guinea-Bissau had a youth literacy rate of 72%. That means seven in ten people aged 15-24 were estimated to be able to read and write a simple paragraph. The estimate was probably made on the basis of that many kids having been in school long enough that they should have easily mastered such a basic skill. Show More Summary
The world has gone mobile. iPads, smart phones, 3G and 4G wireless, and a thousand other technologies are shrinking the world, making it possible to unchain ourselves from our office and our home. Mary Meeker of Kleiner Perkins publishes her annual “Internet Trends” slide presentation each year to much anticipation, largely because it paints such a compelling picture of the [...]
The World Bank is under pressure from one of its largest clients to do more infrastructure funding. Via the Wall Street Journal: The World Bank is working on setting up a global infrastructure facility hat would channel funding into much-needed projects, nurturing domestic and global economic growth, India's finance minister said. P. Show More Summary
Japanese investors are repatriating funds from around the world at an accelerating pace, dashing hopes that stimulus from the Bank of Japan will flood global asset markets with newly-printed money. Very interesting. This shows that psychology has changed dramatically in japan from the mid-late 2000's "Mrs. Show More Summary
The Future of the Bank Branch in an Increasingly Digital World
Deutsche Bank's new "Equity House View" report includes a map highlighting anecdotal optimism from around the world from early economic cycle business. Check it out. Please follow Money Game on Twitter and Facebook. Join the conversation about this story »
Nowhere is the death of customer service more evident than at Bank of America. The French have owned the prize for their hubris waiters and rude service personnel since the end of World War II, but that cherished ranking is about toShow More Summary
Alamy Based on a spate of unusual robberies around the world recently, thieves aren't just money-hungry anymore -- they're plain hungry. These sticky-fingered felons have avoided robbing banks and instead made off with mass quantities of foodstuffs, from soup to Nutella. Show More Summary
Norges Bank Investment Management is going to become more involved in its portfolio companies, taking part in the recruitment of executives, reported Financial Times. The Norway oil fund is the world’s largest sovereign wealth capital. Show More Summary
I have a goal of running a faster marathon at 47 than I did at 27. It helps that I wasn’t exactly a world class runner twenty years ago, and I still have a few years to reach my goal. But if you wanted to place a bet on me, you would...Show More Summary
Here's a snapshot of the financial markets since the beginning of the year (and the beginning of the month) via Deutsche Bank's "Equity House View" report. Not surprisingly, gold is the biggest loser. And thanks to Japanese Prime Minister...Show More Summary
When Spanish bonds traded at yields above 7% last Summer, the world's central banks went into a whirlwind to proclaim that these levels did not represent reality (in spite of the depression-era style economic data the nation was spewing). Show More Summary
As we have discussed numerous times over the past year, there is a quiet movement among the world's central banks to diversify their reserves away from the pejorative USD. Whether it is direct trade linkages, hording physical precious metals, or simply buying foreign sovereign debt, there is a trend emerging. Show More Summary
More evidence that government and central bank policy makers don’t seem to know what they’re doing in their many attempts to right what is wrong in the global economy comes via this summary of the International Monetary Fund’s recent downgrades to forecasts for economic growth in this item at the Economist.
Patrick Smith: European Austerity Does a 180 as Lagarde Weighs In: "The IMF and the World Bank, notably by way of IMF Managing Director Christine Lagarde, have put in sharp focus the core components of a recovery strategy. It focuses...Show More Summary
In 2001, Acumen became one of the first of a new breed of 'impact investment' companies providing investment in the developing world. Twelve years on, johnson banks has designed a new identity for the organisation and collaborated on a manifesto for the work it does in tackling world poverty...
Every year, for the past 35 years, the World Bank has published the World Development Indicators, a fine collection of data on developing countries. The...
There are places in the world where even Wall Street investment banks must be careful to tread, at least that's what they're coming to realize. According to the Financial Times, banks are scaling down certain activities in high risk areas like the Middle East and Asia. Show More Summary
Digital Public Library Launch. Google Glass API could be foggy. Plus: Disrupt NY Hackathon, the new open world of banking, and 20 new APIs.