Fitch upgrade a propitious sign despite default history; Oil-field developments and hydro-power prospects

Rwanda is landlocked. And although the land is fertile, the country has little to offer on the oil and gas front, setting it sharply against the usual commodity story that characterizes many other countries in Africa.

Banks look to mutualize costs; Accenture builds new utility

Firms seek out non-US counterparties; Rules trigger move away from multi-dealer platforms

Foreign-currency availability a constraint; Transport costs weigh heavily

Refutes return to bubble-era practices; Repays Tamweel liabilities

Germany will dig in its heels about structures that might put it in a minority in decision-making and might expose its taxpayers to unwanted bailouts.

Janet Yellen is eminently well qualified to lead the Federal Reserve. But investors should not assume that the continuation of policy as normal comes without risk. Her dovish stance on inflation is worth noting and hedging against.

Led by its confident and energetic chief executive, Ismail Douiri, Moroccan bank Attijariwafa is building a big franchise in sub-Saharan Africa as well as consolidating its ties with expatriate Moroccans in Europe.

Morgan Stanley fares better; Mortgages down but reserves freed up

Banking sector still faces acute challenges; Bailout exit this year might be premature

Debt ceiling concerns cause exodus; Long-term damage as global investors turn away

Washington is a town where lobbying counts. More than 500 economists grouped together to spur the nomination that will make Janet Yellen the first woman to chair the Federal Reserve. Heidi Hartmann, who started the campaign, explains why Yellen is the best choice.

Ashok Varadhan might well be the most unpopular man at Goldman Sachs as bonus time approaches. The global head of macro trading at the firm oversaw a third-quarter collapse in revenues in his product lines – which include foreign exchange and rates – that was dramatic enough to threaten lower annual compensation levels for everyone else at Goldman Sachs.

Bondholders likely to take control of lender after heavy-handed management intransigence.

Europe’s Tarp moment could be looming as ECB president Mario Draghi issues a sharp warning that the year-long review of the region’s banking system will be credible and might require public backstops. Many long-neglected issues are coming to a head, from accounting and bank-reporting norms to national regulatory conventions. However, there is no clarity yet on the hot-button questions.

The IPO of Tinkoff Credit Systems, a Russian consumer finance bank, trounces rivals’ valuations, even as bad debts tick up and tighter regulations loom.

The closure of FX Concepts, one of the market’s oldest FX-dedicated hedge funds, could signal an important turning point for the FX asset management industry.

The IMF/World Bank meetings took place as chaos loomed in Washington – but you’d never have known it.

The rebound in the Australian dollar might set off alarm bells and prompt the Reserve Bank of Australia (RBA) to enter a new round of currency wars, warns the world’s largest custodian bank.

The head of the world's largest international lobbying group for financial firms issues a sharp warning on global regulatory fragmentation, risk-weighting of sovereign debt and China’s reform agenda.

Moody’s strips equity credit from €750 million deal on downgrade to junk.