As April turned to May, the ongoing economic expansion being experienced by the United States officially became the country’s second longest on record. The period, which began in June 2009 when the world’s biggest economy began to emerge from the Great Recession
No one enjoys paying taxes, so news of tax cuts is warmly welcomed. In December, the US government passed a tax act that sharply reduces rates across the board, most significantly for businesses. It would seem to represent a boon to the US economy—but with the economy already charging ahead at full steam, will it in the long run be a blessing or a bane?
The expression “What goes around comes around” applies to banks, but in a positive way, especially when they support the small businesses in their communities by increasing access to capital. OPIC can testify to such a phenomenon in the West Bank, which witnessed an economic turn-around at many levels following the US development-finance institution’s loan guaranty to a small-business-lending facility Middle East Investment Initiative.
“The 21st century has arrived.” This was the assessment from Venezuelan President Nicolás Maduro in early December, as he officially announced his campaign to launch a national cryptocurrency.
Operating within the United States can be a lucrative business for a foreign financial institution, but it also brings challenges, not the least of which is complying with US regulations and managing risk. To stay safely out of regulators’ line of fire and to ensure the business is a success, mastering four broad areas-governance, infrastructure, compliance and budget-is critical.
It is fair to say that the banking sector in Latvia is now being closely scrutinised in a manner that it has not experienced in recent times. The latter half of February in particular witnessed a series of major incidents being reported that have severely dented confidence in the diminutive Baltic nation’s banking industry.
US President Donald Trump recently announced the end of Temporary Protected Status (TPS) for 200,000 Salvadorans residing in the United States.
The violence stemming from Honduras’ political unrest is starting to abate. Following a much-contested national election in November 2017, the country erupted into violence as looters and protestors sacked the streets of the capital, Tegucigalpa.
While 2018 may still be in its infancy, the risks hanging over the year’s foreign-exchange (forex) markets have been brewing for some time. An assortment of global hotspots are positioned to affect major currencies and their viability on forex markets.
Uruguayan pharmacies began sales of legal marijuana to much fanfare. With lines stretching around the block, the pharmacies soon found their supplies were unable to meet booming demand for the newly available drug.