As you move through the different stages of life, your financial needs, goals and risk tolerance will naturally change—just like the terrain you navigate. What worked for you in your twenties may not be the best approach in your fifties. That’s where lifecycle investing comes in. It’s a strategy that adjusts your asset allocation as […]
For the past half century, Ethiopia tightly controlled the official value of its currency, the birr. That changed in July, when unmanageable debt and dwindling foreign reserves forced the government in Addis Ababa to liberalize the exchange rate. That decision, which followed similar moves by Egypt and Nigeria, allowed the Horn of Africa country to […]
“Usually they say it’s not an issue for us … but then every three to six months we find out we can’t escape,” said ING’s Brzeski. A recession in the US would make the European Central Bank’s already “overly optimistic” growth forecasts “obsolete,” he said. However, if ECB President Christine Lagarde were asked about the […]
