British banks most exposed to Chinese market instability

Disclosures from two of Asia’s largest lenders showed that British banks are among of the most vulnerable to the current market troubles in China.

In its latest report, HSBC said outstanding loans to China grew 12 percent in the past … Read the rest

Ramaphosa calls for closer Asian ties

Deputy President Cyril Ramaphosa told delegates at the Asia-Africa Business Summit in Jakarta, Indonesia on Tuesday that Afro-Asian economic and cultural ties needed to be strengthened.

Ramaphosa said Asia and Africa could collaborate in a number of areas, such as … Read the rest

US attacks London’s ‘constant accomodation’ of China

The Obama administration accused the UK of a “constant accommodation” of China after Britain decided to join a new China-led financial institution that could rival the World Bank.

The rare rebuke of one of the US’s closest allies came as … Read the rest

The neoconservative threat to international relations

This week I was invited to address an important conference of the Russian Academy of Sciences in Moscow. Scholars from Russia and from around the world, Russian government officials, and the Russian people seek an answer as to why Washington … Read the rest

Whatever became of economists and the American economy?

According to the official economic fairy tale, the US economy has been in recovery since June 2009.

This fairy tale supports America’s image as the safe haven, an image that keeps the dollar up, the stock market up, and interest … Read the rest

US, EU companies say ANC legislation a cause for concern

European and US businesses with operations based in South Africa said legislation coming from the ANC was a cause for concern.

The compulsory black ownership element in the new broad-based black economic empowerment codes were weighing on US companies in … Read the rest

Denmark’s central bank to stop printing money

With more and more people paying with credit cards and their smartphones, Denmark’s central bank Nationalbanken says it no longer pays to print banknotes or mint coins.

By the end of 2016, Nationalbanken plans to outsource all of its printing … Read the rest