In a bid to crush the black economy and raise tax revenues, India’s government abolished money – or at least certain circulating notes. The result? A disaster, says Simon Wilson.
The Russian market appears to have turned the corner, with the rouble-denominated Micex index up by 11% this year.
All the ingredients for good growth are in place in India: the budget deficit has shrunk, inflation is down, and there has been a massive simplification of the tax system.
Nicolás Maduro’s government is keen not to scare off foreign creditors and has prioritised debt service over other urgent needs.
A clever bank meets an unsophisticated customer with a huge pile of cash. The customer and the cash part company. Did the bank do anything wrong? Simon Wilson investigates.
A power struggle between the shambolic, corrupt regime of South Africa’s President Jacob Zuma and the country’s finance minister, Pravin Gordhan, means a volatile few months for the rand.
The death of King Bhumibol Adulyadej of Thailand could deepen the country’s political divide and knock a post-coup recovery off course.
Investment trusts are cheap for a reason – but not one that should stop us snapping them up. Merryn Somerset Webb talks to fund manager Nick Greenwood.
Argentina’s Merval index has bounced by 60% this year, as the new president’s business-friendly approach inspires confidence.
Taken together, Asia’s four fastest-growing economies are set to overtake Japan. If you’re after growth, forget the West and head East, says Rupert Foster.
The Africa story has gone off the boil in recent years, says Andrew Van Sickle. It’s time investors changed that.