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Fresh from its sponsorship of the blockbuster Henri Matisse: The Cutouts exhibition at London’s Tate Modern gallery, Bank of America Merrill Lynch was set to announce the 2014 grant recipients under its Art Conservation Project on June 12 at the Society of Antiquaries in Burlington House. Established in 2010 this initiative has now funded the restoration of 70 works of art in 25 countries around the world. These included Picasso’s Woman Ironing at the Solomon R Guggenheim Museum in New York and photographs from the personal collection of Frida Kahlo and Diego Rivera at La Casa Azul, Frida Kahlo Museum in Mexico City.

“It’s pretty simple, but it’s mind boggling”

Deutsche Bank’s third annual survey of global prices was released in May, giving a guide to the cheapest and most expensive places for standard consumer goods. Here is some advice extracted from the data: purchase your Adidas sports shoes in South Africa; shop in India for Levi jeans and your VW Golf convertible; get your iPhone in Japan; rent a car in China; watch your movies in Malaysia; subscribe to the Economist in Indonesia; buy your Mac from Canada; get your smokes in the Philippines.

Football fans around the world looking forward to running office sweepstakes, emptying online betting accounts and making sure the grad trainee fills in the wall chart each morning of the World Cup that begins on Thursday should thank their lucky stars the tournament can’t possibly be as dull as Goldman Sachs predicts.

The African Development Bank annual meeting celebrated its 50th anniversary during the annual meeting in Kigali this year. It was a grand event, attended by over 2,500 heads of state, ministers, delegates and journalists. The theme this year was ‘What Africa wants’, with an emphasis on what young Africans want – they are, of course, the continent’s future leaders. But it took Euromoney by surprise when it discovered that a photo of its journalist covering the meeting was featured on the homepage of the AfDB website, under the title: ‘What young Africans want’. The journalist is indeed young and does write about Africa, but unfortunately isn’t African. But she wouldn’t mind being one of the continent’s future leaders, if necessary.

Crashing through ECR’s global rankings, the sovereign’s plight underscores the perils of investing on a risky frontier.

Chief executives of Eurex, Nasdaq OMX and Intercontinental Exchange hit back at criticism of high-frequency trading.

Government plans to crack down on the UK’s foreign-exchange market amid reports of mass manipulation could see the demise of the London FX fix. Suggested reforms range from a transparent auction-based pricing system to banning the practice of last look.

The Ukrainian crisis has come at a bad time for Belarus’s state-driven economy, already in urgent need of external financing to fend off a balance-of-payments crisis.

Over-reliant on foreign investment to balance its books, Turkey is facing an investor retreat in the face of political instability. The long-term solution is a big expansion of domestic investment of untapped savings, but the instability is slowing this too.

Piyush Gupta, the CEO of Singapore’s DBS, has grabbed a once in a lifetime opportunity to build the bank’s Asian corporate and investment banking franchise. Gupta has a world view and doesn’t shy away from airing his thoughts on top bankers, China’s $1 trillion NPL headache, the death of cross-border bank M&A and what global banks are getting wrong in Asia

Iran has a heavily populated and complex banking sector, with several large state-owned banks that hold most of the country’s assets and deposits and at least 17 privately owned banks that tend to be smaller but more nimble and entrepreneurial. Euromoney profiles six institutions that represent different parts of the picture.