Economy Archives

Tough times for expats in Oman

International Finance DeskMarch 8, 2016

by International Finance DeskMarch 8, 2016

Many companies are trying to reduce their numbers on their payrolls in a bid to cut costs Suparna Goswami Bhattacharya March 8, 2016: With oil prices showing no signs of heading up, companies in Oman are pulling all stops to reduce their employee cost. The reverberations of plummeting oil prices are being felt throughout the...

Economy

There is little the oil deal will achieve

International Finance DeskMarch 4, 2016

by International Finance DeskMarch 4, 2016

Without Iran and Iraq, the decision to freeze production level makes little sense Suparna Goswami Bhattacharya March 4, 2016: It is too little action and taken too late. This is what experts have to say about the decision by Russia, Saudi Arabia, Venezuela and Qatar to freeze oil production. For the uninitiated, representatives of Russia,...

Economy

PM wants Australia to move from mining to startups

International Finance DeskMarch 1, 2016

by International Finance DeskMarch 1, 2016

Prompted by downturn in mining industry Suparna Goswami Bhattacharya March 1, 2016: Every country at some point or the other goes through a transformation phase where it decides to explore a new industry or a sector. Currently, Australia is in that phase. It is no secret that Australia for long has rested on wealth from...

Economy

Union budget: Startups give a thumbs up

International Finance DeskFebruary 29, 2016

by International Finance DeskFebruary 29, 2016

Rural India and agriculture sector also get a boost IFM Correspondent February 29, 2016: India, it seems, is all set to promote her ‘startup destination’ image — at least that is what looks from the budget speech of Union Finance Minister Arun Jaitley. Jaitley introduced a slew of measures to promote a healthy and vibrant...

Economy

China: From goods to services

International Finance DeskFebruary 26, 2016

by International Finance DeskFebruary 26, 2016

In 2016, the Asian economic giant’s output is projected to soften gradually Ousmène Mandeng February 26, 2016: China’s slowdown has led to a considerable recalibration of market views. It is the third biggest economy after the US and the EU and is set to overtake the EU as the second largest by 2020. Clearly, China...

Economy

Rail budget: No hike in freight fares

International Finance DeskFebruary 25, 2016

by International Finance DeskFebruary 25, 2016

Focus on improving consumer experience February 25, 2016: The Narendra Modi-led NDA government on Thursday announced the railway budget. Suresh Prabhu, Union Railway Minister, while keeping the freight fares unchanged, announced four special trains — Tejas (with onboard entertainment and other world-class service), Uday (double-decker trains on busiest routes), Antyodaya Express (long distance train for...

Economy

Will AEC be a force to reckon with?

International Finance DeskFebruary 24, 2016

by International Finance DeskFebruary 24, 2016

The 10-nation group wants to make its presence felt globally Suparna Goswami Bhattacharya February 24, 2016: This year, Southeast Asian countries finally embarked on a new journey — the formation ASEAN Economic Committee (AEC). It has been in the works for years now and hence it is not surprising that expectations ran high when the...

Economy

Lloyds Bank: Investment sentiment lowest since 2013

International Finance DeskFebruary 16, 2016

by International Finance DeskFebruary 16, 2016

However, positivity towards gold soars February 16, 2016: This month’s Lloyds Bank Private Banking Investor Sentiment Index shows how investor sentiment has taken a significant hit following the turbulent start to 2016. With ongoing market turbulence, the actual market performance of most asset classes dropped again this month. As a result, overall investor sentiment has...

Economy

Will falling oil prices drive global economy into a crisis?

International Finance DeskFebruary 8, 2016

by International Finance DeskFebruary 8, 2016

An analysis by the Corporates & Markets division of Commerzbank AG February 8, 2016: If the oil price slumps, the stock prices plunge: Cheaper oil is clearly now regarded as negative, unlike in earlier times. We assess whether the economic correlations have really changed. Our analysis shows that a falling oil price is not always an...

Economy

Equador takes a giant step to improve agricultural productivity

International Finance DeskFebruary 5, 2016

by International Finance DeskFebruary 5, 2016

Daule-Vinces Transbasin System will ensure permanent irrigation for more than 170,000 hectares February 5, 2016: The Daule-Vinces Transbasin System, also known as DAUVIN, was inaugurated by Ecuadorian President Rafael Correa on December 22, 2015. The ceremony took place in Salamina, in the province of Guayas, where the Daule River Floodgate and Regulation Structure, one of...