Economy Archives - Page 140 of 144 - International Finance

EU to penalize Lundbeck, Ranbaxy and others for Blocking Generic Drugs

International Finance DeskJune 5, 2013

by International Finance DeskJune 5, 2013

European regulators have clamped down on “pay-for-deals” in the pharmaceutical sector fining Denmark’s Lundbeck, India’s Ranbaxy and seven other drug manufacturing firms for limiting the access of cheap medicines to the market. 5th June 2013 A European regulator will penalize Denmark based Lundbeck ( LUN.CO), India’s No.1 pharmaceutical company Ranbaxy and seven other drug makers...

Foreign Currency ‘invades’ North Korean Economy

International Finance DeskJune 4, 2013

by International Finance DeskJune 4, 2013

The ‘Won’ has shed more than 99 % of its real value against the dollar in the black market. 4th June,2013 Chinese currency and U.S. dollars are being used more widely in North Korea, than its own currency the “Chosun Won”, showing the extent to which the leadership under Kim Jung Un has lost control...

Cosco Capital raises P16.8B through follow on Stock offering

International Finance DeskJune 3, 2013

by International Finance DeskJune 3, 2013

Lucio Cos Cosco launches P12-B follow on share offer. 3rd June 2013 Retail Conglomerate Cosco Capital Inc., belonging to grocery and logistics magnate Lucio Co, has raised a capital of $ 400 million (PH 16.8 billion) in a 1.6 billion international share sale at P10.50 per piece. In a briefing, Cosco Capital President Leonardo Dayao...

Singapore Wealth Manager in ‘Eye of Storm’ after E-mail leak by ICIJ

International Finance DeskJune 3, 2013

by International Finance DeskJune 3, 2013

The e-mail leak has landed David Chong, founder chairman of Portcullis Trustnet in troubled waters. 3rd June 2013 The International Consortium of Investigative Journalists (ICIJ) comprising of a group of investigative journalists have accused Singapore based Wealth Manager, David Chong the chairman of Portcullis Trustnet, of divulging the details of offshore companies and trusts held...

Afghanistan War Razes More Than 37 Billion Pounds to Britain

International Finance DeskMay 31, 2013

by International Finance DeskMay 31, 2013

By 2020 Britain would have spent nearly 40 billion pounds on its Afghan Campaign. 31.05.2013 The main beneficiaries of the Afghan war were arms dealers and afghan drug lords. A new book authored by Frank Ledwidge claims that in the whole operation not even a single Al-Qaida operative has been captured or killed. Yes, these...

America’s way to Recovery

International Finance DeskMay 27, 2013

by International Finance DeskMay 27, 2013

U.S. has outpaced Europe during this period of rehab is due its economic structure, policy decisions and culture. 27th May, 2013 Washington has been rocked by various scandals starting from the Benghazi attacks, to the discriminatory tactics of the IRS and the Justice Department’s procurement of Associated Press phone records. The Obama Administration and its...

Busy Brits embrace anytime Banking after five years of Faster Payments

International Finance DeskMay 25, 2013

by International Finance DeskMay 25, 2013

New research reveals millions of people have become midnight bankers. 25 May 2013 Monday 27 May is the fifth anniversary of the first Faster Payment.More than transferred for every UK household since 2008 launch After hours banking has become commonplace for millions of busy Brits, according to new research commissioned to mark the fifth birthday...

Wall Street Seeks to ‘gut’ Dodd Frank Act through Trade Deals

International Finance DeskMay 11, 2013

by International Finance DeskMay 11, 2013

U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. U.S. Bankers and Insurers are trying to use trade deals, which can weaken the Dodd Frank legislation designed to prevent a repeat of...

U.S. house Prices rise to new High

International Finance DeskMay 3, 2013

by International Finance DeskMay 3, 2013

Application for building permits have increased in April to the highest level since five years. Talk of a house price bubble seems premature. U.S. house prices jumped by 10.9 % in March, the highest since April 2006. The S&P/ Case Shiller Index said 20 U.S. cities have posted annual gains for the third straight month....

Spain’s Economy Plummets even Further

International Finance DeskMay 3, 2013

by International Finance DeskMay 3, 2013

Weak domestic demand dragged down output in the eurozone’s fourth largest economy, which has been shrinking since mid-2011. The GDP of Spain has fallen by another 0.5 % this year. There is no hope of its recovery until the end of this year. The country’s is headed to recession, yet again. There has been a...