With 6 percent GDP growth forecast for this year, up from 4.8 percent in 2015, “Sri Lanka is on the move,” the country’s Finance Minister, Ravi Karunanayake, said in a keynote address at the Credit Suisse 2016 Asian Investment Conference (AIC). Since a new president and prime minister took office at the beginning of 2015, the government has worked to get the country back onto a path of strong economic growth, Karunanayake said. “It was necessary for fiscal consolidation to take...
Read More »It Pays to Move Beyond Tolerance
This might surprise you: In the majority of U.S. states – 29 out of 50 – it’s legal for companies to discriminate against their lesbian, gay, bisexual, and transgender (LGBT) employees. But this probably won’t: Research by Credit Suisse suggests that companies that choose to do so – whether subtly or overtly – are likely doing a disservice both to their business and to their shareholders. Over the past six years, companies that created welcoming environments for LGBT employees handily...
Read More »For Smart China Investing, Follow the Reforms
There are opportunities for investors in China if they consider the impact of structural reforms and which factors are driving economic growth, panelists at the Credit Suisse 2016 Asian Investment Conference (AIC) said. China’s secondary market has been at the “epicenter of skepticism”, remarked Helen Zhu, Managing Director and Head of China Equities at BlackRock. She told participants that market mindsets have shifted and since President Xi Jinping took office, there is a search for...
Read More »What’s in a Multiple?
What’s a company worth? Seasoned investors know that finding the answer to that question is more art than science. One way to do so is from the bottom up, to calculate a firm’s intrinsic value using a discounted cash flow methodology. The other is to come at the question from the top down, by using a relative valuation approach via market multiples. While there are many types of multiples, each reflects the market’s evaluation of a company’s expected operational performance, and can be used...
Read More »Aufwachsen in Malawi – Episode 9: Reportage über die grösste Bildungsinitiative der Stiftung.
In der aktuellen, neunten Folge geht Jayet Kuyeli speziell auf das schwierige Thema der Hygiene ein. Sie sucht unter anderem nach Gründen, warum immer noch so viele Kinder ungewaschen im Hort von Thundu erscheinen. Zumal die Situation im Satellitenhort von Mutumba wesentlich besser ist. Dort entpuppt sich nicht nur der Hort als wahres Schmuckstück. Auch die Toiletten sind sehr schön und ein Beweis dafür, dass Hygiene mit einfachsten Mitteln möglich ist.
Read More »Growing up In Malawi: Episode 9: Report on the Foundation’s Largest Education Initiative
In the current, ninth episode, Janet Kuyeli is specially focusing on the difficult topic of hygiene. Among other things, she is searching for reasons why so many children still come unwashed to the after-school day care center in Thundu, especially since the situation in the satellite day care center in Mutumba is significantly better. There the center proves not only to be a real gem, but the restrooms are also very nice, showing that hygiene is possible with the simplest means.
Read More »Interest Rates: How Low Can They Go?
When Denmark introduced negative interest rates in 2012, it was a pioneer. But the policy has become such an accepted part of central banks’ toolbox in the years since that financial pundits hardly batted an eyelash when Hungary became the world’s sixth central bank to introduce negative rates in March 2016. As the practice becomes more widespread, the question of how low interest rates can go has become increasingly relevant for investors. While every country (or region, in the case...
Read More »VIDEO: Are Negative Rates All There Is?
Are negative interest rates merely a sign that central bankers have run out of ideas? Could the policy eventually make its way to the United States? Watch Jonathan Wilmot, Credit Suisse’s Head of Macro Investments, Asset Management, discuss what negative rates indicate about global monetary policy.
Read More »VIDEO: Negative Rates: Into Uncharted Waters
A world in which borrowers get paid interest on their loans is a counterintuitive world, indeed. Watch Gene Sperling, former Director of the National Economic Council, weigh in on why central banks have resorted to the unprecedented policy of negative interest rates and the potential for competitive devaluations moving forward.
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