Friday, Jul 31, 2026

International Finance

Category : Economy

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...
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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...
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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...
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Economy

‘Bill for Turkey coup attempt is $100 billion’

International Finance Desk
by International Finance Desk
Minister says rebels made Turkey look like a Third World country IFM Correspondent August 3, 2016: The bid to overthrow the government of President Recep Tayyip Erdogan proved very costly for Turkey. According to Bulent Tufenkci, customs and trade minister, the attempt came at of cost of $100 billion (300 billion liras) to the economy....
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Economy

‘China’s shift to services not good in long run’

International Finance Desk
by International Finance Desk
The country is going through premature deindustrialisation, say experts Suparna Goswami Bhattacharya August 3, 2016: Of late, China has been less in the news for its ‘slowdown’. Economic activity in the country has stabilised in recent months, mostly on the back of the property market rally and strong infrastructure investments. But, there is another challenge...
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Economy

Flying through the eye of a storm

International Finance Desk
by International Finance Desk
Expect UK to enter technical recession between second half of 2016 and first half of 2017 Jaspreet Sehmi August 2, 2016: In its first set of projections published since the UK voted to leave the EU, the IMF has downgraded its forecasts for global, eurozone and UK growth. In addition, the Fund says that the...
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Economy

‘Brexit will cut global economic growth by 0.1 per cent’

International Finance Desk
by International Finance Desk
Also, the referendum may distract EU decision makers from core areas Suparna Goswami Bhattacharya July 28, 2016: Almost a month after the UK decided to exit the European Union, economists around the globe have come out with data suggesting that the referendum has had a mixed impact on the global economy with certain areas getting...
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Economy

IMF cuts its global growth

International Finance Desk
by International Finance Desk
Predicts increase in uncertainty after Brexit IFM Correspondent July 20, 2016: Keeping a close eye on Brexit and its anticipated impact, the International Monetary Fund (IMF) has cut its global growth forecasts for the next two years. The move included a nearly full percentage point reduction in the UK’s 2017 growth forecast. Cutting its World...
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Economy

Brexit: £50,000 per employee cost for relocation

International Finance Desk
by International Finance Desk
Banks and other financial services firms considering relocating parts of workforce away from UK July 19, 2016: Synechron Inc, a global consulting and technology innovator in the financial services industry, announced the results of its analysis that determined it would cost banks and other financial services companies an average of £50,000 per employee to relocate...
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Economy

BOE keeps rates unchanged

International Finance Desk
by International Finance Desk
Move surprises many; however, cuts may take place in August IFM Correspondent July 15, 2016: In a move that has surprised many, Bank of England (BoE) has kept interest rates unchanged, despite widespread expectations that it was going to cut its benchmark rate in the wake of a June vote in the UK to leave...
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