Dilemma X

Dr. Andrew F. Brimmer, Who broke color barrier on U.S. Federal Reserve Board Board, dies at 86   By Laurence Arnold Bloomberg   Andrew Brimmer, an economist who became the first black member of the U.S. Federal Reserve Board when President Lyndon B. Johnson appointed him in 1966, has died. He was 86.   He died […]

Nigeria becomes second African country, after South Africa, to join JP Morgan Government Bond Index-Emerging Markets Reuters Nigeria joined a key JP Morgan local currency government bond index on Monday, becoming the second African country after South Africa to be included in a widely followed index thanks to its improving liquidity levels. The west African […]

Forbes: What does $126 billion look like? The wealthiest portrait ever taken Randall Lane Forbes What does $126 billion look like? With the picture above, probably the wealthiest portrait ever taken, you now know. This photograph, which graces the cover of the 30th anniversary issue of the Forbes 400,  crowned an incredible event. On June […]

India’s Foreign Direct Investment in aviation: Moving to the next level India Brand Equity Foundation NEW DELHI- In a bid to infuse liquidity in the civil aviation industry, the Indian government relaxed the Foreign Direct Investment (FDI) norms in the sector by allowing foreign airlines to buy up to 49 per cent stake in local carriers. […]

African central bank governors seek continental monetary integration Xinhua ALGIERS– African central banks’ governors urged here on Thursday for speeding up the process of monetary integration in Africa, as a step towards achieving the goals of creating the African Central Bank (ACB) and ultimately issuing an African single currency. Representatives from 31 African central banks, […]

Toronto mayor to lure Chicago business Matthew Coutts, CTV Toronto Toronto and Chicago will be bosom buddies once again, Toronto Mayor Rob Ford promised on Tuesday as he announced plans to visit the Windy City next month. “This mission will be the beginning of a renewed relationship, and it will let Chicago know Toronto is […]

South African cabinet approves Special Economic Zone Bill to attract domestic and foreign investment Xinhua CAPE TOWN– The South African cabinet has approved the Special Economic Zones (SEZ) Bill which is expected to attract domestic and foreign investment, it was announced on Friday. The bill, which was approved at a fortnight cabinet meeting, will be […]

Argentina, Venezuela ink oil cooperation deal Xinhua BRASILIA– The presidents of Argentina and Venezuela signed here Tuesday an agreement between their state-owned oil companies, to strengthen cooperation in oil exploration and refinement. Venezuelan President Hugo Chavez said the bilateral agreement will allow Argentina’s YPF and Venezuela’s Petroleos De Venezuela SA to operate in both countries. […]

China-Africa Focus: China-Africa poverty reduction forum opens in Tanzania with focus on agriculture modernization Xinhua DAR ES SALAAM– The third Sino-Africa forum on poverty reduction and development started on July 28 with a focus on promoting agricultural modernization as a way of lifting millions of people out of poverty. The one-day forum held in White Sand […]

Monday, July 16, 2012   Japan’s ¥3.5 trillion ($44.2 billion) overseas shopping spree shatters bubble-era record as hot money seeks new homes     AFP-Jiji   The $5 billion buyout of a British media group last week was the latest in a line of huge foreign acquisitions by Japanese firms reminiscent of their heady overseas adventures […]