Economy Archives

Bank of Japan keeps rate steady

International Finance DeskSeptember 21, 2016

by International Finance DeskSeptember 21, 2016

Will target 10-year interest rate committing to keep it around zero IFM Correspondent September 21, 2016: Japan’s central bank issued a plethora of changes to its policy approach but kept rate steady. The Bank of Japan (BOJ) said it would start targeting 10-year interest rates, committing to keep them around zero as part of a...

Economy

United States, Canada and UK are best countries for social entrepreneurs

International Finance DeskSeptember 19, 2016

by International Finance DeskSeptember 19, 2016

Sector steadily growing but lack of understanding and Brexit may hamper growth September 19, 2016: The US, Canada and the UK are the best countries to be a social entrepreneur according to the results of a global perception poll by the Thomson Reuters Foundation conducted in partnership with Deutsche Bank, UnLtd, the Foundation for Social...

Economy

Brazil takes a $27 billion hit

International Finance DeskSeptember 17, 2016

by International Finance DeskSeptember 17, 2016

That’s the cost of the Petrobras scandal to the world’s seventh largest economy Kamilia Lahrichi April 8, 2015: The Petrobras oil scandal, which sparked massive protests across Brazil against the government’s corruption and the economic slowdown, has cost $27.1 billion to the GDP of the world’s seventh largest economy, according to an April 2015 study...

Economy

Vietjet opens Hong Kong – Ho Chi Minh City route

International Finance DeskSeptember 15, 2016

by International Finance DeskSeptember 15, 2016

The route will commence operations from 9 December, 2016 September 15, 2016: Vietnam’s new-age carrier Vietjet announced the opening of a new international route linking Hong Kong with Ho Chi Minh City (Vietnam). The route will commence operations on 9 December, 2016. His Excellency, Mr. Nguyen Xuan Phuc, Vietnam Prime Minister and Her Excellency, Mrs....

Economy

EU likely to make it tough for UK

International Finance DeskSeptember 15, 2016

by International Finance DeskSeptember 15, 2016

A wrong step in the negotiations may fuel demand from other countries to exit Suparna Goswami Bhattacharya September 15, 2016: Recently, the German economy minister had remarked that Britain must not be allowed to ‘keep the nice things’ that come with EU membership without taking responsibility for the fallout from Brexit. In fact, he warned...

Economy

Avis Budget Group to acquire France Cars

International Finance DeskSeptember 15, 2016

by International Finance DeskSeptember 15, 2016

Will make the company second largest light commercial vehicle fleet in France September 15, 2016: Avis Budget Group, a leading provider of vehicle rental services, announced it has agreed to purchase France Cars, a privately-held vehicle rental company based in France, to significantly expand its presence in the French market. Terms of the transaction were...

Economy

Iran needs FDI to crank up mining sector

International Finance DeskSeptember 12, 2016

by International Finance DeskSeptember 12, 2016

So far, the country has retained its 14th rank among steel producers Prof. Keyvan Jafari Tehrani September 12, 2013: The Iran Customs Administration released statistics in connection with the foreign trade during the first four months of the Iranian year 1395 (from March 21st through July 21st, 2016). The statistics show that Iran steel industry...

Economy

International Finance Magazine, Financial Awards – Malaysia 2013

International Finance DeskSeptember 11, 2016

by International Finance DeskSeptember 11, 2016

International Finance Magazine today announced the Financial Awards 2013 for Malaysia, 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 inputs from an...

Economy

Lionel Messi caught ‘offside’ in Tax Trap

International Finance DeskSeptember 11, 2016

by International Finance DeskSeptember 11, 2016

The complaint has named Messi and his father, Jorge Horacio Messi of defrauding millions on income tax returns for 2007, 2008 and 2009. 16 June 2013 In this article International Finance Magazine, with key inputs from Forbes, gives you the story on Messi’s tax evasion, his earnings as a soccer player and his feedback on...

Economy

Big banks still refuse transactions with Iran

International Finance DeskSeptember 8, 2016

by International Finance DeskSeptember 8, 2016

Fear backlash from US Suparna Goswami Bhattacharya September 08, 2016: Post-sanctions, things are not exactly smooth for Iran. Many international banks are not letting their customers carry out transactions with Iran. Recently, ANZ bank refused its customers transactions with Iran fearing a backlash from the US treasury. Though Australia has dropped trade sanctions with Iran,...