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Japan's GDP per capita is projected to plummet from 29th to 45th globally by 2075, with real GDP expected to grow to $4.4 trillion but drop its global ranking from fourth to 11th. Contributing factors include a declining population, low fertility rates, and limited benefits from AI advancements, necessitating urgent labor reforms to boost productivity. Meanwhile, emerging markets like India are set to rise significantly, with BRICS nations projected to surpass the US in total GDP by 2075.
S&P Global Ratings has upgraded Raiffeisen Bank International's outlook from negative to stable, affirming its 'A-/A-2' ratings. This change follows the bank's strategic exit from Belarus and significant reduction of operations in Russia, which has mitigated non-financial and reputational risks. Despite a projected decline in net profit for 2024, the bank's strong financial performance and robust risk management practices are expected to sustain its creditworthiness amid ongoing geopolitical uncertainties.
Vladimir Putin's pressure on Western companies has intensified, particularly affecting the Austrian Raiffeisen Bank International (RBI), which is entangled in a legal dispute with Russia over its attempt to exit the market. A Russian court has issued a temporary injunction preventing RBI from selling its Russian subsidiary, complicating its withdrawal plans. Despite criticism for its ongoing operations in Russia, RBI has significantly reduced its business there, facing threats from the U.S. to limit its access to the American financial system.
Raiffeisen Bank International (RBI) faces significant challenges as it attempts to withdraw from the Russian market, hindered by a Russian court's injunction against selling its subsidiary. Despite pressure from the U.S. and the European Central Bank to reduce its Russian operations, RBI remains one of the last Western banks active in the region, drawing criticism for its financial ties to the Kremlin amid ongoing geopolitical tensions. The upcoming Annual General Meeting on March 26, 2025, may provide insights into the bank's future strategies and the impact of its Russian business.
Raiffeisen Bank International (RBI) faces significant challenges as it attempts to withdraw from its Russian operations, hindered by a Russian court's injunction blocking the sale of its subsidiary. Despite severe restrictions on its Russian business, RBI remains one of the last Western banks operating in the region, drawing criticism and threats from the U.S. regarding its financial activities. The upcoming Annual General Meeting on March 26, 2025, may shed light on the impact of these Russian transactions.
Raiffeisen Bank International (RBI) faces criticism for allegedly supporting Russia amid the ongoing conflict, particularly through its involvement in banknote trading. The bank asserts that cash shipments to Russia ceased immediately after the war began on February 24, 2022. Despite the challenging security environment, RBI will continue to supply Ukraine with foreign currency banknotes to bolster its financial system.
The sanctioning of the Russian central bank in 2022 has prompted central banks in nations not fully aligned with the US to seek ways to reduce their dependence on US assets. This shift is complicated by the unmatched depth and liquidity of the US government bond market.
Russian internet firm VK reported a net loss of 94.9 billion roubles (US$1.13 billion) for 2024, nearly tripling the previous year's loss of 34.3 billion roubles (US$405.7 million). The company attributed this increase to higher spending on content creation, attracting content creators, and investments in technical equipment and staffing, all aimed at driving audience growth. The financial results were disclosed on March 20, 2025, with an exchange rate of 84 roubles to the US dollar.
JPMorgan analysts predict that Russian stocks are unlikely to rejoin MSCI global equity indexes before 2027, dismissing the two-year timeline starting in June as overly optimistic. Russia was removed from these indexes in March 2022 following its invasion of Ukraine. Despite rising interest in Russian assets, the geopolitical situation remains tense, with both Russia and Ukraine accusing each other of violating a ceasefire agreement.
Lara Warner, head of compliance at Credit Suisse, faces a 100,000 franc fine for failing to report an $8 million payment from Mozambique as potential money laundering. Despite her involvement in controversial loans linked to Greensill and Archegos, she retained her position after Tidjane Thiam's resignation. A police raid on Warner's property has led to an investigation by the Zurich public prosecutor's office.
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japan's economic decline projected by 2075 amid population challenges and reforms
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