The Future of Banking

How open banking can transform the financial industry Authored by: Pascal Hügli  As the saying goes, “What goes up must come down.” In this case, the ‘what’ are the stock prices of Swiss full-service banks like UBS and Credit Suisse, which are down 50 to 80 percent since the 2008 financial crisis. The plight of these … Continue reading The Future of Banking

Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status

Federico Pieraccini There is a strong current of change affecting the international political arena. It is the beginning of a revolution brought on by the transition from a unipolar to multipolar world order. In practice, we are faced with the combination of several factors, including the application of US tariffs on Chinese exports, Washington’s sanctions … Continue reading Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status

Trump’s misguided policies will displace the dollar

By Jeffrey D Sachs Back in 1965, Valéry Giscard d’Estaing, then France’s minister of finance, famously called the benefits that the United States reaped from the dollar’s role as the world’s main reserve currency an “exorbitant privilege.” The benefits are diminishing with the rise of the euro and China’s renminbi as competing reserve currencies. And … Continue reading Trump’s misguided policies will displace the dollar

Russia looks like a bargain

Despite sanctions, the country is in no serious economic trouble, and its oil stocks look attractive By David P. Goldman The Russian ruble fell sharply in overnight trading after the announcement of US economic sanctions and the threat of more. It has lost more than 2% of its value against the US dollar during the … Continue reading Russia looks like a bargain

US-Turkish alliance reaches the point of no return

The sense of indignation among Turks should not be underestimated, which makes this an exceptional rupture By M.K. Bhadrakumar The Turkish lira fell 22% on Friday before recovering to 17% on the backdrop of the Trump administration’s announcement to double the tariffs on imports of Turkish steel and aluminum. The tariffs affect Turkish exports worth … Continue reading US-Turkish alliance reaches the point of no return