Category : Economy

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...

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...

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...

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...

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...

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...

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...

In a rather brazen statement Egyptian President Mohamed Morsi said he would protect Egypt’s water security at all costs including possible military action to blow up the dam. 16th June 2013 International Finance Magazine gives you the story on the Nile water sharing dispute, loss of forest cover due to non utilization of hydro electric...

Foreign holdings accounted for 32.6% of Indonesian local currency government bonds as of end-March, the largest among emerging East Asian economies. Malaysia followed closely with foreign holdings reaching 31.2%. MANILA, PHILIPPINES – Emerging East Asia’s local currency bond markets expanded 12.1% year-on-year to $6.7 trillion at the end of March 2013, driven by double-digit growth...