The second major acquisition in Africa by Temasek Holdings Pte or one of its units in six months shows the growing interest in a continent where many countries are expanding faster then developed markets.
Nigeria’s central bank governor- elect Godwin Emefiele should maintain the institution’s independence after his predecessor was suspended after highlighting corruption, according to Jim O’Neill, former chairman of Goldman Sachs Asset Management.
The worst start for emerging-market stocks in four years is creating a buying opportunity, according to Jim O’Neill, the former Goldman Sachs Asset Management chairman who coined the term BRIC in 2001.
Investors should get used to U.S. Treasury yields rising toward 4 percent as the 30-year bull market in bonds comes to an end, according to Jim O’Neill, former chairman of Goldman Sachs Asset Management.
Jim O’Neill has been tracking economic reform initiatives in countries across the world during his 33-year career on Wall Street. Only a few of them, he said, rank higher than what Mexico achieved this year.
China is accelerating the yuan’s appreciation as part of the “grand bargain” to win U.S. support for Beijing to gain a bigger say at the International Monetary Fund, says Goldman Sachs Asset Management’s Jim O’Neill .