International Finance

Category : Economy

Economy

4th Arab Aviation and Media Summit on September 24

The event will be held in RAK and this year’s theme is Aviation & Tourism: common vision and purpose August 21, 2014: Air Arabia is organising the 4th edition of Arab Aviation Summit in RAK on September 24. The Arab Aviation and Media Summit is the largest gathering of Arab media, together with top executives from...
Economy

Ebola ruins summer of Africa

The outbreak was reported in March just when people begin to take their vacations and travel with their families Samuel Okocha August 19, 2014: Owners of businesses are raising concerns over the economic impact of the Ebola virus, as business travelers cancel visits over fears of contracting the disease that have left more than 1,000...
Economy

Eurozone: What recovery?

Disappointing GDP data highlight a lack of improvement in the economy, but the ECB is likely to ignore calls for action as it continues to evaluate policies already enacted August 18, 2014: According to Eurostat’s flash estimate, Eurozone GDP showed 0.0% growth in the second quarter, down from 0.2% in the first quarter. The figure...
Economy

Lloyds Bank:Investor sentiment in UK asset classes sees largest increase year-on-year

Gold continues its upward trend as the most positive asset class performer with a two percentage point increase Now may be a good time to invest in UK asset classes as investor confidence in UK shares and UK government bonds saw the biggest year-on-year increases, up 11 and 14 percentage points respectively, according to the...
Economy

Mexico to End Oil Monopoly

Mexico’s constitution forbids private sector contracts and puts all exploration and production of Oil into the exclusive hands of the state. 14th August 2014 Mexico has broken a 75 year state monopoly on energy which could boost flagging growth and double foreign investment, potentially providing the biggest succour to its economy since the North American...
Economy

Portuguese economy surprises with good performance

However, recovery is probably going to remain weak because its biggest hope were exports, but it is hard to see how, with the Eurozone slowing down Contrary to its big Eurozone peers, the Portuguese economy performed well in the second quarter. Real GDP grew by 0.6% quarter-on-quarter, bouncing back from the 0.6% contraction witnessed in...
Economy

Financial crisis: Repaydebt or grow income

Europeans seem to be doing the former and Americans the latter, says ING senior economist Teunis Brosens August 13, 2014: Many countries have been under pressure to reduce their debt burden since the global financial crisis. But results are mixed and have serious implications for the recovery, says ING senior economist Teunis Brosens. Brosens tells...
Economy

The grim and costly side of South Africa’s strike culture

Striking mobs have been part of the South African economic landscape for quite some time. Over the past few years however, industrial action has become more frequent, violent, and costly; and a growing worry among investors, business owners,analysts. Miriam Mannak August 8, 2014: It has been a tumultuous couple of months on the South African...
Economy

Brazil trade deficit at record high, manufacturing too disappoints

Exports in January fell 26.6 percent compared to December, 2013 while imports rose 5.4 percent to push the country’s negative trade balance to an all-time high, reports Team IFM Sao Paolo, August 6: The week’s onset struck Brazil a double whammy – the country’s exports in January, 2014 fell drastically compared to December 2013 taking...
Economy

Italy is back in technical recession

Istat indicated that domestic demand was growth neutral, whilst net exports were a drag on growth August 6, 2014: Istat just released its flash GDP estimate, signaling that in 2Q14 the Italian economy fell back into technical recession. According to Istat, the Italian GDP contracted 0.2% QoQ (from -0.1% QoQ in 1Q14) and 0.3% YoY....