Economy Archives

Latvia set to become 14th Euro Zone Member from 2014

International Finance DeskJune 8, 2013

by International Finance DeskJune 8, 2013

The tiny Baltic state of Latvia has got the approval to become the 18th Member of the Troubled Euro Currency Union. 8th June 2013: The Baltic state of Latvia has received the official endorsement for membership in the euro currency union and will become the 18th country to adopt the single currency despite the euro zone...

Economy

Qatar and U.A.E Set for MSCI Upgrade

International Finance DeskJune 8, 2013

by International Finance DeskJune 8, 2013

After five missed opportunities, UAE along with Qatar looks certain to be elevated to emerging market status next week in the MSCI emerging market index. 8th June 2013 After a series of missed opportunities, UAE and Qatar look certain to be elevated to emerging market status next week in the MSCI emerging market index after...

Economy

Mexican factory output swells seven months running

International Finance DeskJune 7, 2013

by International Finance DeskJune 7, 2013

Increased manufacturing activity attributed to new work inflows from domestic and foreign clients, reports Team IFM Mexico City, June 7: Mexico’s factories continued to tick last month with growth of output and new orders remaining on an even keel, encouraging manufacturers to scale up both production and employment, says a recent independent survey. Selling prices...

Economy

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...

Economy

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...

Economy

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...

Economy

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...

Economy

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...

Economy

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...

Economy

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...

Category : Economy

Latvia set to become 14th Euro Zone Member from 2014

Qatar and U.A.E Set for MSCI Upgrade

Mexican factory output swells seven months running

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

Foreign Currency ‘invades’ North Korean Economy

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

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

Afghanistan War Razes More Than 37 Billion Pounds to Britain

America’s way to Recovery

Busy Brits embrace anytime Banking after five years of Faster Payments

Exclusive

Modern ATM software allows faster service modification: Jaivinder Singh Gill

Comparison of private credit crisis to 2008 is useful, but meltdown unlikely: Javier Corominas

ACBS Vietnam: Southeast Asia’s most innovative online trading player

EXIM Thailand empowers communities through sustainable finance

Renewable shift is being driven by affordability, efficiency and resilience: Rana Adib

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Sixty-nine nations reach landmark deal on road safety, AI accountability

Modern ATM software allows faster service modification: Jaivinder Singh Gill

Comparison of private credit crisis to 2008 is useful, but meltdown unlikely: Javier Corominas

Zayo issues USD 2.37 billion asset-backed term notes

UK Biobank data listed for sale in China

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