Where Are We on China Union Pay’s Anticipated Challenge to Visa and Mastercard?

  Where Are We on China Union Pay’s Anticipated Challenge to Visa and MasterCard? As the Chinese government welcomes leaders from around the world for its Belt and Road Forum in Beijing, analysts will ask: is the One Belt One Road (OBOR) initiative a plan to overthrow the existing global order, by pulling Asian countries into…

Why Did Moody’s Downgrade Eight Nigerian Banks Despite Escape From Recession?

  Why Did Moody’s Downgrade Eight Nigerian Banks Despite Escape From Recession? Moody’s Investors Service (Moody’s) has downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four Nigerian banks. It also downgraded the long-term local and foreign currency issuer ratings of another development bank. The agency, in its new rating…