Sunday, Mar 1, 2026

International Finance

Category : Economy

Economy

Saudi, Russia to work together on oil prices

International Finance Desk
by International Finance Desk
Price of oil jumps 5% September 6, 2016: The price of oil jumped by 5% after Russia and Saudi Arabia discussed ways to stabilise oil prices on the sidelines of the G20 summit in China. Both countries said they will not act immediately but could limit output in the future. The joint statement was signed...
Read more
Economy

Getting closer to US interest rate hike

International Finance Desk
by International Finance Desk
Fed Chair says data is moving in the right direction and she is philosophically inclined to increase rates, but… Seth Roman September 02, 2016: The intention of the Federal Reserve Board to raise rates is clear, but it is still a question of when. In her annual speech at the Jackson Hole Summit in Wyoming,...
Read more
Economy

Confidence among UK businesses improves post Brexit

International Finance Desk
by International Finance Desk
However, not much excitement about the economy IFM Correspondent September 2, 2016: Things are not as bad as it was thought it would be post Brexit. A monthly business survey has found that more than half of the confidence lost in the aftermath of the referendum has been recovered. However, businesspersons remained largely pessimistic about...
Read more
Economy

Informal OPEC meet in September does not raise hopes

International Finance Desk
by International Finance Desk
Experts do not expect a major impact on oil price IFM Correspondent August 17, 2016: The past week saw OPEC announcing plans for an informal meet at the International Energy Forum in late September. The announcement comes at a time when Saudi Arabia is pumping a record amount of oil and Iran is resuming production...
Read more
Economy

UAE leads Arab countries in 2016 Global Innovation Index

International Finance Desk
by International Finance Desk
UAE ascends six places to 41 globally August 16, 2016: The UAE showed a significant improvement in its innovation standing on the 2016 Global Innovation. The UAE ranked first among Arab countries and 41st worldwide in terms of overall performance on the index, up from second in the Arab World and 47th globally in 2015....
Read more
Economy

Rio Olympics to cost £1.6bn to British economy

International Finance Desk
by International Finance Desk
Research finds employees watching 24 minutes of the Olympics each day in the office August 8, 2016: Sporting Index, world’s largest sports spread betting business, has found that the cost to the British economy from workers watching the 31st Olympiad at work is a staggering £1.6 billion. The leading spread betting firm commissioned pollsters Opinium...
Read more
Economy

What does the rate cut mean for you?

International Finance Desk
by International Finance Desk
The BoE announces a cut in interest rates to record low of 0.25 percent Holly Mackay August 5, 2016: The Bank of England has decided to take on the role of a supportive friend following Brexit with a 0.25% rate cut and some more quantitative easing. That’s basically when the Government prints money and flushes...
Read more
Economy

India clears historic GST Bill

International Finance Desk
by International Finance Desk
Likely to benefit through growth in investments and revenue August 4, 2016: With the passage of the Goods and Services Tax (GST) Constitutional Amendment of Bill in the Upper House of Parliament on August 4, a decade-long wait finally came to an end. Many term it as the next big reform in India after liberalisation...
Read more
Economy

Business lessons from British companies

International Finance Desk
by International Finance Desk
Four firms give out tips that can help a business grow August 3, 2016: Business classes can only teach you so much about being successful. In the end the very best advice will come from those who have been there and have learned along the way. There are some things you just won’t find in...
Read more