Daily Archives: Feb 24, 2013

The US has taken further steps to ease restrictions on US corporate investment and business activities in Myanmar, following intense debate within the US Treasury and the State department after Washington softened sanctions against the country last July.

The move frees US citizens and companies to conduct business with four of the country’s biggest banks, of a total 19 banks. All four banks have faced US sanctions and at least two of the institutions are controlled by people who have been on so-called US “blacklists”, naming individuals with close business and financial links to the former military regime. Read more

A look at the week ahead from beyondbrics, featuring: GDP data from South Africa, India and Nigeria; results from Heinz, Noble Group and British American Tobacco; Kenya’s second presidential debate; and Cristina Fernández de Kirchner’s annual state of the nation speech in Argentina. Read more