Apparently, the fairly fragmented but resilient world of money transfer is getting consolidated: Sigue, a US money-transfer company strong in Latin America, is buying the money-transfer business of Coinstar for $41.5m. Coinstar’s network allows users to transfer cash to 23,000 points worldwide – and Sigue’s CEO, Guillermo de la Viña, says the acquisition will make his company… Read More »
John Comaroff thinks not: Once upon a time, anti-neoliberal theory posited an opposition between state and the free market, arguing that the antidote to the latter lay in the active intervention of the former. But the opposition is false, just another piece of the detritus of the modern history of capital. As states become mega-corporations… Read More »
This article was originally written for www.tradeinvestnigeria.com. In May, an Indian trade mission, led by Mr. Ravi Bangar, the deputy permanent representative of India to the World Trade Organisation (WTO), paid a visit to Mr. Jubril Martins-Kuye, Nigeria’s Minister for Commerce and Industry. One of the major issues they discussed was the possibility of India… Read More »
BusinessDay: There is going to be lots of jobs and racketeering during the period. Artisans would make more money and thugs will have more jobs to do for their principals which would mean more money for them. The list of those that will benefit is endless. Election campaign involves a lot of activities which include… Read More »
If you are in London on June 14 and you are interested in textile recycling, see the announcement below. I will be making a presentation on Igbo trade networks and secondhand clothing RECYCLING TEXTILE TECHNOLOGIES A one-day workshop from 9am to 5pm, on June 14th 2010 To be held at the Pearson North Lecture Theatre,… Read More »
If consumers begin to be fearful and conserve the government takes action to overcome this mental condition. How? Expand credit. If consumers then become to euphoric and spend to much the government takes action to overcome this mental condition. How? Restrict credit. Consumers spend very little time in the middle. Mathematics should be left to… Read More »
Reuters: Nigeria’s Senate approved a 4.608 trillion naira budget proposal for 2010 on Thursday, up from an initial 4.079 trillion naira spending plan proposed by the presidency. The budget assumes an average oil price of $67 per barrel and oil production of 2.35 million barrels per day. It also pegs the exchange rate at 150 naira… Read More »
Part of the anxiety over China’s presence in Africa comes from the challenge they pose to traditional ideas about aid. The Chinese operate with low costs compared to Western aid projects that pay high salaries to foreign experts and put them up in fancy hotels. A 2008 Oxfam study, for example, estimated that donors to… Read More »
For the first time in five years, no big US investment bank appears among the top nine sovereign bond bookrunners in Europe, according to Dealogic data compiled for the Guardian. Only Morgan Stanley ranks at number 10. Goldman Sachs doesn’t make the table. Goldman made it to number five last year and in 2006, and number… Read More »
The crash of 2008 revealed the flaw in the euro’s construction, as each member country had to rescue its own banking system instead of doing it jointly. The Greek debt crisis brought matters to a climax. If member countries cannot take the next steps forward, the euro may fall apart, with adverse consequences for the… Read More »