Economy Archives

Will Critics Halt Obama’s Climate Action Plan

International Finance DeskJuly 12, 2013

by International Finance DeskJuly 12, 2013

The concerns of Obama is very much evident as America has been virtually battered by increasing floods, heat waves and droughts which has taken a toll on the farmers and also led to an increase in food prices. 12th July 2013 Is the war on coal a genuine effort to reduce carbon emissions in America...

Economy

Greece Receives Financial Lifeline from Troika

International Finance DeskJuly 10, 2013

by International Finance DeskJuly 10, 2013

The total bailout package of 6.8bn Euros ($ 9 billion) will come from the troika of European Commission, European Central Bank and the IMF. 10th July 2013 Greece’s perseverance to follow with the austerity plans and economic reforms has finally succeeded with the battered European country getting a fresh source of aid from the International...

Economy

Will “Austerity Rift” see the Exit of Portugal from Euro zone?

International Finance DeskJuly 7, 2013

by International Finance DeskJuly 7, 2013

If Portugal doesn’t abide by the austerity programme, its creditors could halt the disbursement of funds, which means it will not have any source of funds to repay its huge debts. 7th July 2013 Portugal’s financial markets tumbled on Wednesday as the government teetered on the brink of collapse, alarming investors and reigniting concerns about...

Banking Economy

International Finance Magazine, Financial Awards – Malaysia 2013

International Finance DeskJuly 7, 2013

by International Finance DeskJuly 7, 2013

International Finance Magazine today announced the Financial Awards 2013 for Malaysia, July 07, 2013: International Finance Magazine (IFM), the London based online magazine with a viewership in over 150 countries announced the financial awards 2013 for Malaysia. The recipients have been chosen after a rigorous selection process by the internal tem as well as key...

Economy

Delayed Tactics behind Fall of Rupee?

International Finance DeskJuly 3, 2013

by International Finance DeskJuly 3, 2013

Economists argue that the unscientific approach of pegging against a particular currency will cost the nation and its investors dearly on one hand increase inflation on the other. 3rd July 2013 The rupee on Monday fell for the first time in three days to end 13 paisa lower at 59.52 as fag end demand of...

Economy

U.K. Government Increases Borrowing Despite Huge Debt

International Finance DeskJuly 1, 2013

by International Finance DeskJuly 1, 2013

The credit rating has already been downgraded as investors, creditors and rating agencies feel that UK will experience trouble paying back its debts in the future. 1st July 2013 The UK Government has increased its borrowing from the bond markets even as its debt stands at 75 % of its GDP. The government’s debt to...

Economy

Chinese Economy Contracts

International Finance DeskJune 22, 2013

by International Finance DeskJune 22, 2013

Avoiding the middle-income trap in the People’s Republic of China. 22 June 2013 Manufacturing activities in China is slowing down considerably this month, adding to stresses in the economy and financial system as a cash crunch drives bench mark money market rates to records. Chinese shares slumped to their lowest levels on Thursday after a...

Economy

Philippines Economy Grows Despite Poverty and Unemployment

International Finance DeskJune 22, 2013

by International Finance DeskJune 22, 2013

Philippines is no longer the “Sick Man of Asia”, it is home to one of the region’s most dynamic economies. The country is benefiting from the corruption free government and other reforms under President Aquino’s administration. 22nd June 2013 Manila is seen to have the highest growth potential among Southeast Asian countries including Thailand, Indonesia...

Economy

(In) formal talks begin on an EU-U.S. Trade Deal in G8 Summit

International Finance DeskJune 19, 2013

by International Finance DeskJune 19, 2013

The leaders of world’s eight most powerful nations have begun talks in Northern Ireland with Trade, Transparency, Tax and Syria to dominate the agenda. 19th June 2013 International Finance Magazine reports on issues on top of the table in the G-8 summit, trade ties between the E.U and the U.S., the Syrian war and British...

Economy

Angola Struggles to Recover from the Civil War

International Finance DeskJune 16, 2013

by International Finance DeskJune 16, 2013

Angola’s GDP growth has increased from 3.9 % in 2011 to an estimated 7.9 % in 2012. It is expected to record a GDP growth of 8.2 % in 2013 and 7.8% in 2014. 16th June 2013 Despite a rapidly growing economy due its abundance in oil reserves and post war reconstruction, Angola ranks in...