Reforms

This tag is associated with 128 posts

Saudi Plans Stock Market Reforms To Draw Foreign Money

By Andrew Torchia DUBAI (Reuters) — Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the kingdom grapples with damage to its finances caused by low oil prices. When Riyadh opened its bourse to direct foreign investment last … Continue reading

Crisis In Venezuela — A Lesson From Saudi Arabia

By Eric Simmons President Nicolás Maduro has implemented measures such as shortened workday, increased federal holidays and scheduled blackouts in an attempt to reduce energy consumption across the country amidst a nationwide energy crisis brought on by severe drought. However, the energy crisis is only a microcosm of the Venezuelan economy and regardless of oil’s recovery, the … Continue reading

Does Argentina’s Return To The Capital Markets Signal Change?

By Luis E. Juvinao Navarro Argentina recently issued USD $16.5 billion in bonds as part of its re-entry to international markets, the largest issuance registered by an emerging economy.  The country’s historical proclivity to economic turmoil, however, suggests that Macri’s political changes might not deliver on financial stability.  It has been 15 years of Argentine absence from … Continue reading

The Importance Of China’s New VAT

By Marc Chandler, Marc to Market Blog Yesterday, China announced one of the most important tax reforms of the past twenty years.  It is replacing a business tax on gross revenue for non-manufacturing companies with a VAT.   Manufacturing companies have been subject to a VAT approach for a few years.  The reform extends it from manufacturing … Continue reading

Taking The Petro Out Of The Dollar

By Alasdair Macleod Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While the House of Saud remains strongly resistant to change, a mixture of reality and power-play is likely to dominate domestic politics in the coming years, following the ascendancy … Continue reading

India Wants To Create 100 ‘Smart Cities’ — How Can It Get There?

By Alice Charles, World Economic Forum The world is experiencing an unprecedented transition from predominantly rural to chiefly urban living. India is by no means an exception, with its urban population having increased from 222 million in 1990, to 410 million in 2014 and is forecast to increase to 814 million by 2050. In fact the pace … Continue reading

Rousseff’s Impeachment Alone Won’t Fix Brazil’s Economic Woes

By Yesenia Lugo The biggest party in the governing coalition abandoned President Dilma Rousseff last week, increasing the likelihood that the leader of Latin America’s biggest country will be impeached and opening up the country to uncertainty. The $3 billion dollar scandal that’s engulfed Brazil has its origin in a cluster of construction companies and politicians colluding … Continue reading

Macri Hikes Argentina’s Natural Gas Prices By Up To 300%, Bus/Train Fares By 100%, Water By Up To 500%

Newly appointed Argentine President Mauricio Macri is continuing to revamp Argentina with more market-friendly measures in an attempt to jumpstart its economy, despite anger from its residents which has led to protests and a loud public outcry. On Friday, Argentina announced that it is hiking prices for natural gas by up to 300 percent, which could save the government around $4 … Continue reading

China’s Rating Outlook Cut To Negative By S&P As Reforms Falter

The New York-based international ratings agency Standard & Poor’s revised China’s sovereign debt outlook down to negative, citing high levels of state and corporate indebtedness, which were mismatched with the country’s slower pace of expansion amid Beijing’s insufficient progress developing and implementing economic reforms. Standard & Poor’s has downgraded China’s credit rating outlook from stable to negative, … Continue reading

Causes And Consequences Of China’s Shadow Banking

By Kaiji Chen, Jue Ren, Tao Zha The rise of shadow banking in China after the Global Crisis helped stabilise output growth. This column looks at entrusted lending, a unique feature of Chinese shadow banking. Banks played a prominent role in the rapid rise of entrusted lending during the period of monetary tightening following the Crisis; … Continue reading

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