International Finance

Category : Economy

Economy

Asia’s SMEs catch onto alternative finance

Outlook from Singapore, India, China and other countries show that firms are opening up to this April 16, 2015: Alternative finance is a landmark shift from institutional trust to peer trust. Disruption is democratising capital allocation by untethering financing from centralised, one-stop shops. This unbundling of services is leading to the creation of online marketplaces....
Economy

Argentina sues and suspends Citibank

The reason is the bank’s exit from its bond custody business Kamilia Lahrichi April 14, 2015: The Argentine left-wing government is suing in local courts Citibank Argentina, the country’s 12th largest bank by deposits and a subsidiary of Citigroup, for exiting its bond custody business, Economy Minister Axel Kicillof said on April 8, 2015, in...
Economy

Singapore draws up smart plans

The aim is to be a smart nation within 10 years Suparna Goswami Bhattacharya April 10, 2015: Steve Leonard, the executive deputy chairman of Infocomm Development Authority (IDA), Singapore’s technology development arm, is a busy man. After all, it cannot be any different when you have been bestowed the responsibility of making Singapore a smart...
Economy

‘AEC could propel local companies into regional powerhouses’

F&S says that local firms need to move away from low-labour cost production operations April 9,2015: The ASEAN Economic Community (AEC) could push local companies to become regional powerhouses, says Frost & Sullivan. Nitin Bhat, Partner & Head of Consulting at Frost & Sullivan said that to increase the competitiveness of Malaysian companies and prepare...
Economy

Zaiwalla & Co welcomes Iran’s nuclear deal

The solicitor gives thumbs up to the framework agreement reached with the P5+1 countries April 8, 2015: Zaiwalla & Co, the solicitors who overturned both the United Kingdom’s and European Union’s sanctions against Iranian banks, welcomed the  framework agreement which has been reached between the P5+1 countries and Iran relating to Iran’s nuclear programme. This...
Economy

Menacorp tops dubai financial market’s list of brokers for Q1 2015

Attributes success to robust business model April 6, 2015: Menacorp, the UAE’s largest financial services firm, has achieved another milestone after it was named the top brokerage firm from among the 49 listed brokers at the Dubai Financial Market (DFM) for the first quarter of 2015. The award-winning investment firm ranked first in terms of...
Economy

Russia seeks a bite of Latin America

Renewing and strengthening ties in a bid to alleviate food shortages back home Kamilia Lahrichi April 2, 2015: Russia’s Foreign Minister Sergey Lavrov courted Cuba, Nicaragua, Colombia and Guatemala during a four-day visit to South America in March 2015 to boost bilateral trade, as food shortage is hitting his country hard. Last year, Moscow banned...
Economy

ADB sees strong growth for Asia in 2015 and 2016

“Developing Asia is making a strong contribution to global economic growth”, says ADB Chief Economist Shang-Jin Wei. March 26, 2015: Developing Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies, says a new Asian Development Bank (ADB) report. ADB’s flagship annual...
Economy

Impact of Osborne’s budget on business

DoF Online spoke to KPMG’s head of tax policy Chris Morgan about the impact of Chancellor George Osborne’s proposals March 26, 2015: “On the corporate side of things there wasn’t anything too unexpected included in the budget. The only thing was the restriction on the carrying forwards of losses. This was described as a method...