A l’heure où le domaine bancaire hésite encore à externaliser ses données, BankMed (Suisse) SA a sauté le pas en confiant la gestion de son informatique à la société e-novinfo.
As we get closer to the U.S. presidential election which will occur on November 3rd, we wanted to assess the potential impact on different economic sectors in the event of the re-election of candidate Trump or the nomination of candidate Biden for president. Based on the elected candidate, changing or maintaining economic policy will have a significant effect on certain sectors of activity.
Rising public deficits coupled with rising external deficits (twin deficits) have caused the Turkish lira to drop sharply. Since the last financial crisis in 2008, the lira has devalued by about 17% per year against the dollar. Over the period, the parity went from 1.20 to 7.80, thus reaching its historical high against the dollar (i.e. its lowest valuation)! This year, the TRY lost more than 30% against the greenback.
After the violent crash of global equity markets in March, one might have expected that during the (technical!) rebound, defensive assets would have been penalized.