Economy Archives

Thousands of Argentines take to the streets

International Finance DeskFebruary 20, 2015

by International Finance DeskFebruary 20, 2015

Lambast President Cristina Fernandez de Kirchner for mysterious death of a prosecutor Kamilia Lahrichi February 20, 2015: Some 400,000 Argentines flooded the streets of the capital under a torrential rain on February 18 to commemorate the mysterious death of a prosecutor a month ago and lambast the president, who is suspected to be involved in...

Economy

Investment in clean cooking can return a profit

International Finance DeskFebruary 17, 2015

by International Finance DeskFebruary 17, 2015

But the real benefit lies in the social impact Kamilia Lahrichi February 17, 2015: Large financial institutions, such as Bank of America and Deutsche Bank, and private investors launched a $100 million fund to ease access to clean and efficient cookstoves and fuels at the Cookstove Future summit in New York on November 21, 2014....

Economy

Betting big on India

International Finance DeskFebruary 10, 2015

by International Finance DeskFebruary 10, 2015

Acting as a catalyst to its growth story is US President Barack Obama’s recent visit, which may inspire investors to pile up Indian stocks throughout 2015 Suparna Goswami Bhattacharya February 19, 2015: If one were to describe India’s growth story in one line, it would read something like this– A nation of unrealised potential. The...

Economy

Amid unrest, Egypt’s entrepreneurs fueling revolution of their own

International Finance DeskFebruary 6, 2015

by International Finance DeskFebruary 6, 2015

The north African nation is in the race to be the fastest growing entrepreneurial hub in the world Suparna Goswami Bhattacharya February 6, 2015: Back in 2013 when majority of Egyptians were busy revolting against the then president Mohammed Morsi, there was a parallel revolution going on in Egypt involving the young from the...

Economy

ECB’s quantitative easing: Blessing or curse?

International Finance DeskFebruary 3, 2015

by International Finance DeskFebruary 3, 2015

TeleTrade believes that the decision will delay economic reforms by Eurozone members February 3, 2015: The European Central Bank (ECB) on January 22 said that it will expand its asset purchase programme to €60 billion a month starting from March 2015 until September 2016. In aggregate, the asset purchasing programme will be over €1.1 trillion....

Economy

Saudi Arabia moving away from oil

International Finance DeskJanuary 27, 2015

by International Finance DeskJanuary 27, 2015

The Saudi government is making all efforts possible to increase share of the manufacturing industry Suparna Goswami Bhattacharya January 27, 2015: One does not really associate names like Jaguar Land Rover, a British automotive company; or Mars, an American confectioner, with Saudi Arabia. For years, Saudi Arabia has become synonymous with oil. And it is...

Economy

ECB puts €1.1 trillion on the table

International Finance DeskJanuary 23, 2015

by International Finance DeskJanuary 23, 2015

ING analyst Carsten Brzeski believes that the European Central Bank has played its last trump card January 23, 2015: The ECB on Thursday finally entered the global QE arena. Instead of keeping some aces up their sleeves, the ECB showed its entire hand: a fully-fledged QE programme with exact numbers; a €1.1 trillion quantitative easing...

Economy

Don’t expect cheap birthday presents if you live in Argentina

International Finance DeskJanuary 20, 2015

by International Finance DeskJanuary 20, 2015

Kamilia Lahrichi Administration uses licensing rules to save foreign exchange and shield local industries January 20, 2015: When I set foot on Argentine soil, I did not expect the weather to be so cold in April. As I have avoided purchasing goods in an economy hit by a 38% inflation, I asked my family to...

Economy

An unhappy New Year for Argentina

International Finance DeskJanuary 12, 2015

by International Finance DeskJanuary 12, 2015

It is entangled in a legal battle with hedge funds that bought its debt on the cheap during the 2001 crisis Kamilia Lahrichi January 12, 2015: There will be no truce between the Argentine government and its foreign creditors, despite the expiration of a provision on December 31, 2014 that could have paved the way...

Economy

Ras Al Khaimah Investment Authority ushers in second decade

International Finance DeskNovember 27, 2014

by International Finance DeskNovember 27, 2014

Since being set up in 2005, it has invested AED 1bn in developing 30mn square metre of land in its Al Hamra and Al Ghail industrial parks IFM Correspondent November 27, 2014: At a gala event celebrating 10 years of excellence, Ras Al Khaimah Investment Authority (RAKIA) reaffirmed its unwavering commitment to drive foreign direct...