Two years ago, Brazilian President Dilma Rousseff spurned the World Economic Forum to attend an anti-capitalist conference and visit Cuba. This week, she’ll be front and center when the global financial elite gather at Davos in the Swiss Alps.
Just after midnight one sultry Friday in August 1987, Manila became a battleground as rebel troops attempted a coup against Philippine President Corazon Aquino. Two blocks from the besieged presidential palace, insurgents opened fire on a car carrying Aquino’s only son, a bespectacled and soft-spoken 27-year-old junior insurance executive nicknamed Noynoy.
Vietnam will find it “difficult” to cut interest rates further this year, central bank Deputy Governor Nguyen Dong Tien said, as the nation moves to create an asset company that would clean up bad debt and revive growth.
Russia’s borrowing cost advantage is falling to a 10-month low as the economic recovery in the world’s largest energy exporter lags behind peers and almost $12 billion of debt sales outstrip investor demand.