Monday, October 12, 2026

International Finance

Category : Economy

Economy

Post-Brexit, BoE may cut interest rate

International Finance Desk
by International Finance Desk
Move aimed at boosting the economy IFM Correspondent July 11, 2016: In order to provide a fillip to the economy post-Brexit, the Bank of England (BoE) is expected to cut interest rates to new historic lows on Thursday. Though a slowdown post-Brexit was more or less predicted, the bank may decide to take some measures...
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Economy

Turner & Townsend opens new hub in Kenya

International Finance Desk
by International Finance Desk
Company is involved in more than 40 projects across Africa July 5, 2016: Global professional services consultancy Turner & Townsend has opened an office in Kenya as the country sees solid economic growth, with the outlook for continued investment in infrastructure and construction. The company is currently involved in more than 40 projects across Africa,...
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Economy

Iran sees record FDI

International Finance Desk
by International Finance Desk
Climbs three rankings with a market share of 11.11 percent among Middle East nations IFM Correspondent June 30, 2016: The volume of foreign direct investment (FDI) in Iran has reached the highest level in years since lifting of sanctions in January this year. Data from fDi Markets, an FT service that monitors cross-border greenfield investment,...
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Economy

Saudi Arabia cuts back its solar target

International Finance Desk
by International Finance Desk
No concrete reason given; wants to concentrate on gas Suparna Goswami Bhattacharya June 28, 2016: In a move that has surprised many, Saudi Arabia has scaled back its renewable power targets as the world’s largest producer of oil plans to use more natural gas, backing away from goals set when crude prices were about triple...
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Economy

Brexit: flatex records 80,000 trades at full load

International Finance Desk
by International Finance Desk
FinTech Group expects new business through financial institutions migrating from London June 27, 2016: In addition to sharp market fluctuations, the surprising outcome of the Brexit Referendum on Friday also led to record trading volumes. The online broker flatex, a member company of the FinTech Group AG, executed about 80,000 trades on Friday on their...
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Economy

Iran shifts tactics to lock in global energy allies

International Finance Desk
by International Finance Desk
Adopts fresh approach to crude oil blending, ropes in collaborators Daniel Colover June 23, 2016: Iran’s new approach to building energy allies is being revealed as the former powerhouse staggers back onto the global stage. The lifting of Western-imposed sanctions on January 17 has given the country a new lease of life. Tehran’s ability to...
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Economy

India eases FDI norms to boost employment generation

International Finance Desk
by International Finance Desk
Decision helps government regain investor confidence IFM Correspondent  June 22, 2016: The Indian government led by Prime Minister Narendra Modi made sweeping changes to foreign direct investment (FDI) norms announcing easier terms and conditions for investors in sectors ranging from civil aviation to pharmaceuticals. The government has increased sectoral caps, raised limits under the automatic...
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Economy

Brexit: Visa to visit or passport to stay?

International Finance Desk
by International Finance Desk
Lewis Crofts EU ‘equivalence’ offers UK banks a narrow back door to Brexit June 21, 2016: British politicians urging voters to keep the UK in the European Union warn that exiting would endanger London’s financial centre by stripping firms of their ‘passport’ to do business across the bloc. Leave campaigners counter that the country’s almost...
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Economy

IMF: Austerity measures not always good

International Finance Desk
by International Finance Desk
IFM Correspondent Says benefits in terms of increased growth difficult to establish June 20, 2016: The International Monetary Fund (IMF), in its latest report, has put out a strong message against austerity measures undertaken by governments. The report, a critic to neo-liberal doctrine, states that austerity measures do more harm than good in the long...
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Economy

Iran to buy around 100 aircraft from Boeing

International Finance Desk
by International Finance Desk
Suparna Goswami Bhattacharya However, the deal may take time to come through as there are objections from various quarters June 16, 2016: Iran has finalised a deal with Boeing to buy passenger planes from the US aircraft manufacturer as part of an ongoing effort to upgrade its civil aircraft fleet. Though the deal has not...
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