Economy Archives

Scottish referendum: Businesses breath a sign of relief

International Finance DeskSeptember 19, 2014

by International Finance DeskSeptember 19, 2014

The surprise was the comfortable margin of victory for those favouring staying in the UK Tim Evershed September 19, 2014: Global markets and British business leaders responded positively to the news that Scotland had voted to stay part of the UK in its referendum on independence. The Better Together campaign triumphed with over 55% of...

Economy

QE termination spells trouble for US markets too

International Finance DeskSeptember 17, 2014

by International Finance DeskSeptember 17, 2014

Analysts fear that in 2014, the US Fed’s QE “tapering” will lead to volatility in US markets too in just the same that it has spooked those in emerging market economies, says Mary Caplinger 17th February 2014 With central banks manipulating interest rates and money supply across the world, do we still have a “free...

Economy

Trina Solar in power project in Chile

International Finance DeskSeptember 10, 2014

by International Finance DeskSeptember 10, 2014

Will Supply 70MW high efficiency modules September 10, 2014: Trina Solar Limited (NYSE: TSL), a global leader in photovoltaic (PV) modules, solutions, and services, on Wednesday announced it has agreed to supply 70MW high efficiency modules to a large-scale solar power project in Chile. Under the terms of the agreement, Trina Solar will deliver TSM-PC14...

Economy

Shanggu to hold online property auctions

International Finance DeskSeptember 10, 2014

by International Finance DeskSeptember 10, 2014

It has begun displaying inventory on Alibaba Group’s Taobao.com September 10, 2014: IFM Investments Limited (NYSE: CTC), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China, on Wednesday announced that its subsidiary Shanggu has begun displaying property inventory on Alibaba Group’s Taobao.com, China’s leading B2C e-commerce platform. In addition...

Economy

In Nigeria, doctor treating Ebola patient dies

International Finance DeskSeptember 3, 2014

by International Finance DeskSeptember 3, 2014

This is the first death related to the disease reported from outside Lagos Samuel Okocha September 3, 2014: Last week, Nigeria reported its first Ebola death outside Lagos. A doctor died of the disease in the southern oil-rich city of Port Harcourt. The doctor was treating an Ebola patient who escaped quarantine from Lagos. The...

Economy

Argentina’s electoral campaign kicks off

International Finance DeskSeptember 3, 2014

by International Finance DeskSeptember 3, 2014

Six presidential pre-candidates spelled out their political and economic program during Industry Day on September 1 in Buenos Aires Kamilia Lahrichi September 3, 2014: More than one year ahead of Argentina’s general elections in October 2015, six presidential pre-candidates spelled out their political and economic program during Industry Day on September 1 in Buenos Aires....

Economy

Nigeria reports first Ebola death outside Lagos

International Finance DeskSeptember 1, 2014

by International Finance DeskSeptember 1, 2014

The victim is a doctor who was treating an Ebola patient Samuel Okocha September 1, 2014: Nigeria has reported its first Ebola death outside Lagos. A doctor died of the disease in the southern oil-rich city of Porthacourt. The doctor was treating an Ebola patient who escaped quarantine from Lagos. The patient survived, but the doctor...

Economy

Poverty keeps growing in Buenos Aires as Argentina wakes up in default

International Finance DeskAugust 25, 2014

by International Finance DeskAugust 25, 2014

Major setback for a country already suffering from devaluation of the peso, rampant inflation, slow growth, falling wages and widespread poverty Kamilia Lahrichi August 25, 2014: Standard & Poor’s decision to declare Argentina on “selective default” on July 30th is a disaster for Argentinians. The New York Court of Appeals condemned the South American nation...

Economy

WTO rules against Argentina’s protectionism

International Finance DeskAugust 25, 2014

by International Finance DeskAugust 25, 2014

Says South American country’s import restrictions breach global trade rules Kamilia Lahrichi August 25, 2014: International pressure on Argentina is increasing as the World Trade Organization (WTO) ruled on August 22 that the South American country’s import restrictions breach global trade rules. The 170-page ruling sided with the European Union, the United States and Japan...

Economy

Differences at Bank of England

International Finance DeskAugust 21, 2014

by International Finance DeskAugust 21, 2014

BoE governor has presided over his first split vote. However, the two members who voted for a rate rise are unlikely to be joined by others for a while yet. August 21, 2014: The minutes of the Bank of England monetary policy meeting on August 6-7 showed that the committee voted 7-2 in favour of keeping Bank...