Author Archives: Nick Corbishley

The Central Bank of Nigeria is undeterred. To deepen its drive to “entrench a cashless economy” and boost take-up of the eNaira, it is launching a demonetization process not too dissimilar from India’s.

Gauidó has long outlived his usefulness. Now, he and the “interim” government he fronts are an obstacle in the way of reopening Venezuela’s oil market to US oil majors.

Following a string of scandals, bad investments and woeful risk management, Switzerland’s second largest bank, Credit Suisse, is close to the edge.

Until recently Washington’s closest ally/client state in South America, Colombia is now under new management. And that management has a different perception of US influence in Latin America and the wider world.

Enel is one of 70 energy companies in Italy that could end up needing a state-guaranteed credit line, as derivative hedges blow out. Which is likely to place even further pressure on the finances of Europe’s most indebted large economy.

That those vaccine purchases are now under investigation by EU Public Prosecutors doesn’t seem to matter. The Commission wants a direct role in EU Member States’ purchases of gas and, if possible, weapon

Finland, like its Scandinavian peers, is among the world’s most cashless economies. But according to the central banker, now is not a good time to give up on cash.

The long-anticipated “hot autumn” begins in earnest as the European economy teeters on the edge of a largely self-inflicted stagflationary depression.

Open-end funds have grown significantly over the past two decades and now manage around $41 trillion in assets globally. And the risk they pose to the global economy is rising, says the IMF.

“After von der Leyen’s silence, Bourla had the opportunity to set the record straight in the European Parliament, but he preferred to slip away. Why all these secrets? What do they have to hide from European citizens?”

The European Systemic Risk Board is essentially an offshoot of the European Central Bank. And central banks are normally the last to admit that a crisis is around the corner, if not already here. 

Time, money and options are fast running out for Switzerland’s second largest lender, Credit Suisse.

After a million deaths in Latin America, Washington’s staunchest ally in the region just called time on the US’ “irrational war against drugs”.

As the US government begins setting up the regulatory guardrails for a digital dollar, the EU forms a consortium to develop a prototype for a digital euro. Its members include Amazon and dozens of large EU banks.

Given von der Leyen’s apparent allergy to basic transparency, she is the last person in Brussels to be leading the EU’s roll out of so-called “corruption sanctions”.