The European Central Bank (ECB) is ready to “step up the pressure” in its deflation battle, said ECB President Mario Draghi addressing the Euro Banking Congress in Frankfurt on Friday. According to the Wall Street Journal, ECB is ready to expand its…
Eight big questions for Africa in 2012 (Part II)
(5) With a mandate to govern, can Nigeria’s new government implement positive and sustainable reforms? Between its petroleum-dominated economics and mind-bending demographics, Nigeria is well-positioned for sustained growth and diversified foreign direct investment in the decade ahead: a leading economist…
S&P lifts Turkish lira rating to investment grade
From MarketWatch Standard & Poor’s Ratings Services raised its local-currency sovereign ratings on Turkey to investment grade at BBB- from BB+ on Tuesday. In a statement, it attributed the local-currency upgrade to its “view of continuing improvements in Turkey’s financial…