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.