Wednesday, Jul 29, 2026

International Finance

Category : Economy

Economy

Insurance companies staring at $1.5 billion Tianjin bill

International Finance Desk
by International Finance Desk
Two massive explosions in a warehouse in the Chinese port have killed more than a hundred people, left hundreds more injured and devastated large parts of the city Tim Evershed August 21, 2015: Insured losses from the explosions that rocked the Chinese port of Tianjin on August 12 could rise to over $1.5 billion making...
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Economy

Doubts on Greek deal remain

International Finance Desk
by International Finance Desk
The government doesn’t share the ideological underpinnings of the requested austerity measures Peter Vanden Houte August 14, 2015: It seems as if a deal on a third bail-out package (€86 bn over the next three years) between the Greek government and representatives from the IMF, the European Commission, the ECB and the ESM has been...
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Economy

Egypt unveils the new Suez Canal

International Finance Desk
by International Finance Desk
The project has been completed in a record time of 13 months IFM Correspondent August 7, 2015: Egyptian president Abdel Fattah el-Sisi has unveiled a major extension to the Suez Canal at a lavish ceremony on Thursday. The former army chief formally inaugurated the $8.5 billion project as fighter planes and helicopters flew overhead. “Egyptians...
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Economy

China’s slowdown will affect world economy

International Finance Desk
by International Finance Desk
East and Southeast Asia will be hit harder Shang-Jin Wei August 5, 2015: After many decades of driving regional growth, the economy of the People’s Republic of China (PRC) is now slowing down, and this is likely going to have a noticeable effect on the world economy and especially globally integrated economies in developing Asia....
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Economy

Chinese government’s reaction to stock prices worrying

International Finance Desk
by International Finance Desk
The surprise was not that the government intervened, but the manner in which it did Suparna Goswami Bhattacharya July 17, 2015: While the world is focused on the Greece crisis, there is something more serious brewing in the east. The tumbling stock prices in China has left everybody wondering what went wrong with the market...
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Economy

Grexit avoided, but for how long?

International Finance Desk
by International Finance Desk
Right now, the deal is just an agreement to reach a deal Carsten Brzeski July 14, 2015: After another marathon in Brussels, Eurozone leaders decided on a path towards a third bailout package for Greece. We are still waiting for the official and written summit declaration to be released but here is our first take...
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Economy

Challenges of Saudisation

International Finance Desk
by International Finance Desk
To meet demand from industries, the Saudi government is opening colleges and universities to foster skill development among its youth Suparna Goswami Bhattacharya July 13, 2015: For decades now, Saudi Arabia has managed to attract talented expats from around the world. The region, in fact, became a favourite destination for those looking to work outside...
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Economy

Kenya’s betting big on infrastructure

International Finance Desk
by International Finance Desk
Earlier this year, various organisations placed the East African nation among the fastest growing economies in the world Amoxers Wachira and Veronicah Riba July 10, 2015: Africa has been described as the Dark Continent for many years. However, with economies of a couple of African countries recording growth in recent years, the narrative is quickly...
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Economy

Greek Referendum: What happens next?

International Finance Desk
by International Finance Desk
A temporary agreement based on the deal that was “on the table” before the Greek side walked out of the negotiations Oliver Adler July 8, 2015: A majority of Greek electorate voted to reject the proposed bailout “deal”. We now see two possible scenarios. A temporary agreement based on the deal that was “on the...
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