Monday, May 4, 2026

International Finance

Category : Economy

Economy

Brazil takes a $27 billion hit

International Finance Desk
by International Finance Desk
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...
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Economy

Vietjet opens Hong Kong – Ho Chi Minh City route

International Finance Desk
by International Finance Desk
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....
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Economy

EU likely to make it tough for UK

International Finance Desk
by International Finance Desk
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...
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Economy

Avis Budget Group to acquire France Cars

International Finance Desk
by International Finance Desk
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...
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Economy

Iran needs FDI to crank up mining sector

International Finance Desk
by International Finance Desk
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...
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Economy

International Finance Magazine, Financial Awards – Malaysia 2013

International Finance Desk
by International Finance Desk
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...
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Economy

Big banks still refuse transactions with Iran

International Finance Desk
by International Finance Desk
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,...
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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...
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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,...
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