To the surprise of many, rating agency Standard & Poor’s (S&P) upgraded Portugal to investment-grade status on Monday. This pushed yields on the country’s government bonds down, and interest from international investors is already picking up.
BNP Paribas Investment Partners is targeting Germany, China and the US as the three key markets where it can accelerate sales growth significantly. The company is also changing its name.
The investment industry has had to cope with many irregular twists and turns in recent years, in the wake of economic crises and geopolitical upsets. BNP Paribas IP’s François Hullo’s job is to try to predict the shape of things to come…
The Fed’s tightening up of its fiscal policy should be seen as a sign of a pick-up in the US economy. By Thomas Langefeld and Béatrice Guinet, BNP Paribas Wealth Management
BNP Paribas Asset Management CEO Christian Dargnat has succeeded Claude Kremer as president of EFAMA.