Tag Archive for 'London'

London heads world as financial centre, aims for global islamic finance

London is back at the top of the world’s international financial centres, pushing out New York again, according to a world ranking of IFCs prepared by The Banker magazine.

Botswana’s rise as world diamond centre – Stanchart “money laundering” woes slow P1.8bn OPIC financing

De Beers’ Diamond Trading Corporation has moved from London to Botswana and some 32m carats of diamonds (worth US$6 billion – about 40% of world diamond sales) will be aggregated and sold in Botswana. OPIC financing of P1.8bn is being held up by relations with Stanchart.