International Finance

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Fidelity taps Alpha Factor Library

The S&P Global Market Intelligence product helps investors identify and analyse investment opportunities April 22, 2016: S&P Global Market Intelligence, a division of McGraw Hill Financial (NYSE: MHFI), has announced that Fidelity Investments has selected the US Value Model from its unique Alpha Factor Library to help customers identify or validate attractively priced stocks with...

FC Exchange joins Saxo Payments’ banking circle

This will help in expansion into new markets April 14, 2016: Saxo Payments, the global transactions services provider, is starting a new partnership with currency broker and international payments solution provider, FC Exchange. Under the new agreement, the Saxo Payments Banking Circle will help FC Exchange deliver sophisticated solutions, across multiple currencies, to its rapidly...

Apple launches its cheapest iPhone

Caters to the mid-segment market, which translates to a wider audience IFM Correspondent March 22, 2016: Apple Inc on Monday launched its new mid-ranged model – iPhone SE – at its Cupertino, California campus to counter the dominance of cheaper phones running Google’s Android system. This phone is like iPhone 5s with the same 4-inch...

More women embracing IT sector in India

Constitute 51% of entry level hiring IFM Correspondent March 15, 2016: The technology industry in India for long has been known for less women representation. However, the latest report by The National Association of Software and Services Companies (Nasscom) states that the industry is increasingly turning women centric. The report, titled ‘Gender Diversity & Inclusivity trends in the IT-BPM...

January winter weather causes $4bn loss to global economy

Report says US faces potential $2bn economic loss from major winter storm February 11, 2016: Impact Forecasting, Aon Benfield’s catastrophe model development team, launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2016. Aon Benfield is the global reinsurance intermediary and capital advisor of...

World’s largest concentrated solar plant opened in Morocco

Underlines country’s determination to reduce dependence on fossil fuels February 10, 2016: Morocco recently launched the first phase of the largest concentrated solar power (CSP) plant in the world.  When fully operational, the plant will produce enough energy for more than one million Moroccan households. Inaugurated by His Majesty Mohammed VI of Morocco, the solar...

UK property continues to surge ahead

Investor confidence rebounds in October but, the Lloyds Bank Private Banking Investor Sentiment Index indicates, caution remains in the market October 19, 2015: October saw a rebound in investor confidence, after September’s record falls, according to the latest Lloyds Bank Private Banking Investor Sentiment Index. Overall investor net sentiment for these areas became more positive...

China monsoon losses approached $4bn in June

Aon catastrophe report reveals insurance payouts to breach $500 million following US severe weather July 10, 2015 Chicago: Impact Forecasting, Aon Benfield’s catastrophe model development team, launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June 2015. Aon Benfield is the global reinsurance intermediary and...

Dinube rolls out first-of-its-kind digital payments network

It is compatible with both ApplePay and Android Pay June 22, 2015: Dinube, Europe’s first payment network that enables consumers to replace credit/debit cards with their smartphones, announces the latest rollout by the $1 billion European supermarket chain BonPreu. Dinube’s groundbreaking new payment network uses tokenisation, Near Field Communication (NFC) technology and biometric fingerprint security...

Zaiwalla & Co welcomes Iran’s nuclear deal

The solicitor gives thumbs up to the framework agreement reached with the P5+1 countries April 8, 2015: Zaiwalla & Co, the solicitors who overturned both the United Kingdom’s and European Union’s sanctions against Iranian banks, welcomed the  framework agreement which has been reached between the P5+1 countries and Iran relating to Iran’s nuclear programme. This...