EN will the yuan rival the dollar? Many in China think it only a matter of time. Chen Yulu, a leading economist, says it will take 15 years. Wei Jianguo, deputy head of a major think-tank, puts it at 20. Officials are more circumspect: currency internationalisation will be a long process, its pace determined […]
Citigroup’s top economist Willem Buitler said that the water market will soon be hotter the oil market “Water as an asset class will, in my view, become eventually the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals.” In its recent Water Investment Conference, Citigroup has identified top 10 […]
2015 was an inflection point for the usage of mobile phones for NFC-enabled in-store payment, as it will be the first year in which the multiple prerequisites for mainstream adoption – satisfying financial institutions, merchants, consumers, technology vendors and carriers – are sufficiently addressed. By end-2015, five percent of the base of 600-650 million near-field […]