International Finance

Category : Uncategorized

World Bank Announces US$1 Billion Pledge to Africa’s Great Lakes Region, Targeting Energy, Roads, Agriculture, Cross-Border Trade, Health, and Jobs

Cross-border trade key to peace for Africa’s Great Lakes Region. July 15, 2013: On the first day of an historic joint United Nations/World Bank Group mission to the Great Lakes region, the World Bank Group announced $1 billion in proposed new funding to help countries in the region provide better health and education services, generate...

Bank of England Quarterly Bulletin 2013

Cross-border banking can have considerable long-run benefits, by diversifying the available sources of lending and borrowing. June 18, 2013 : The onset of the financial crisis in 2008 brought an end to the ‘Great Stability’ period, making prospects for UK and global economic growth not just weaker, but more uncertain. Macroeconomic uncertainty: what is it, how can...

Syria Using ‘Chemical Weapons’ to Crush Rebellion

The United States has confirmed that Syrian Forces are resorting to chemical warfare to crush the rebellion. 16th June 2013 International Finance Magazine reports the breach of “red line” by the Syrian government, request of military support by the rebels, strategy of the Syrian government to combat the opposition through chemical warfare and the financial...

Promoting Cross-Border Islamic Finance Business Between Malaysia and the United Kingdom

United Kingdom have taken a key interest in Islamic Banking and have undertaken greater initiative in cross border trade. Malaysian and UK Islamic banks have agreed to undertake greater collaboration in cross-border Islamic liquidity management transactions. The decision was made at the end of the Malaysian-UK Islamic Treasurers Workshop, which was held at the Westminster...

“Conflict of Interest” Could Spell Trouble For Bank of America

Objectors to the settlement, AIG in particular, have merit in their argument that there was a conflict of interest among those who reached the 8.5 billion settlement.  June 08,2013 : AIG argued on Tuesday that a proposed $ 8.5 billion settlement between Bank of America Corp and the investors in Countrywide Financial Corp mortgage backed securities...

Switzerland to Relax Bank Secrecy Laws

SWITZERLAND aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to US prosecutors. Dealing a huge blow to Switzerland’s historic banking secrecy, Swiss finance officials on Wednesday approved a plan that would allow the country’s...