Friday, Jul 31, 2026

International Finance

Category : Economy

Economy

Iran says reversal of nuclear deal not possible

International Finance Desk
by International Finance Desk
Other Arab leaders welcome Donald Trump’s victory IFM Correspondent November 11, 2016: Iran’s President Hassan Rouhani said that US president-elect Trump will not be able to reverse the nuclear deal. He said there is ‘no possibility’ of the nuclear deal being annulled. “The US no longer has the capacity to create Iranophobia and to create...
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Economy

India demonetises currency to move away from cash

International Finance Desk
by International Finance Desk
But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...
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Economy

India withdraws high denomination currency overnight

International Finance Desk
by International Finance Desk
Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...
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Economy

France, Iran ink deal for South Pars gas field

International Finance Desk
by International Finance Desk
Total, along with CNPC and Petropars, would develop part of a giant gas field in South Pars IFM Correspondent November 8, 2016: In an agreement that will mark the first Western energy investment since international sanctions were lifted, Iran will sign a preliminary $6 billion deal with France’s Total SA. Under the deal, Total along...
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Economy

France, Iran ink deal for South Pars gas field

International Finance Desk
by International Finance Desk
Total, along with CNPC and Petropars, would develop part of a giant gas field in South Pars IFM Correspondent November 8, 2016: In an agreement that will mark the first Western energy investment since international sanctions were lifted, Iran will sign a preliminary $6 billion deal with France’s Total SA. Under the deal, Total along...
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Economy

Greece calls for continued Arab investment

International Finance Desk
by International Finance Desk
EU-Arab World Summit drew more than 40 companies and financial institutions of the Arab world IFM Correspondent November 8, 2016: The Greek economy is recovering and stabilising after emerging from a six-year crisis. It is a crucial time for Greece and the world is closely watching every move. At the EU-Arab World Summit held in...
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Economy

Hiring on the decline in UAE

International Finance Desk
by International Finance Desk
Highest decline is in the hospitality and oil & gas industry Suparna Goswami Bhattacharya November 7, 2016: The number of job opportunities in the UAE is on the decline. The latest Monster Employment Index (MEI), a monthly gauge of vacancies posted by employers and websites in the Middle East, shows that job opportunities dropped by...
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Economy

EU and Canada sign historic free trade agreement

International Finance Desk
by International Finance Desk
CETA was almost derailed by objections from the Wallonia region in Belgium November 4, 2016: Canadian Prime Minister Justin Trudeau flew to Brussels on the weekend to attend an EU-Canada Summit which had been delayed for three days because of opposition in Belgium to the Comprehensive Economic and Trade Agreement (CETA). Belgium came back to...
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Economy

Employment grows in the US

International Finance Desk
by International Finance Desk
Businesses added 175,000 jobs to the US economy in October IFM Correspondent November 4, 2016: US employers hired more workers in October and also hiked the wages of existing workers. Businesses added 175,000 jobs to the US economy in October and 156,000 jobs in September, while the unemployment rate ticked up to 5%. “The expected...
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Economy

US Fed hints at rate hike

International Finance Desk
by International Finance Desk
Will wait ‘for some further evidence of continued progress toward its objectives’ IFM Correspondent November 3, 2016: The Federal Reserve on November 2 hinted at hiking interest rates in December. For now, officials voted to keep rates unchanged following a meeting in Washington. They emphasised that the pace of rate hikes will depend on evolution...
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