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New bank may emerge in Cyprus

Location:

CYPRUS

The CCB is the second-largest lender in Cyprus. A range of scenarios are possible: the sale of all the CCB's assets, failure to sell any of it and a rapid resolution, or else a…

Modi’s party will pay to hold power in Maharashtra

Location:

INDIA

Pressure on the BJP to offer financial concessions to Maratha farmers.

Puerto Rico will enact deep fiscal cuts after default

Location:

PUERTO RICO

The missed payment marks the island’s second default of 2017 after missing payments in January. The federal fiscal control board imposed by the US Congress has given the indebted…

Philippines scandal will see finance reform calls grow

Location:

PHILIPPINES

The Philippines's largest-ever money laundering case reveals weaknesses in its financial system.

Continued unrest will hit Nicaragua’s financial system

Location:

NICARAGUA

The political crisis that began in Nicaragua last year has sent the economy into a deep recession. A collapse in consumer and business confidence has significantly reduced demand…

Tunisia will walk a financial tightrope

Location:

TUNISIA

The president has repeatedly rejected the idea of resuming negotiations with the international lender. Instead, he aims gradually to reduce dependence on external financing from…

Israeli settlers may rebel against any annexation move

Location:

ISRAEL

This date passed without announcement, however, amid indecision on the part of the United States, international condemnation and some Israeli pushback, including from…

Iran will equivocate over money laundering

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IRAN

The Financial Action Task Force (FATF), a global body that works to combat money laundering and terrorism financing, has threatened to impose countermeasures on Iran in February…

Panama Papers leak will shift Iceland's politics

Location:

ICELAND

President Olafur Ragnar Grimsson has said neither he nor his UK-Israeli wife Dorrit Moussaieff have any knowledge of such transactions, which have been publicised in the Icelandic…

New fiscal law aims to clean up Panama’s reputation

Location:

PANAMA

This marks another step towards Panama’s long-standing aim of strengthening its fiscal framework and countering its reputation as a tax haven. While the law will bring some…