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Uruguay’s presidential election goes to run-off

International Finance DeskOctober 27, 2014

by International Finance DeskOctober 27, 2014

abare Vazquez of the leftish Broad Front and Lacalle Pou from the conservative National Party won the first round Kamilia Lahrichi Oct 27,2014: The two contenders who won Uruguay’s first round of the presidential election on October 26 will not bring about any radical economic change for this small country wedged between two regional heavyweights –...

Business Leaders

Bolivia’s Evo Morales wins a third consecutive term

International Finance DeskOctober 17, 2014

by International Finance DeskOctober 17, 2014

Left-leaning president, an Aymara Indian and a former coca farmer, becomes the longest serving leader and incumbent head of state in the Andean country Kamilia Lahrichi October 17,2014:Since his first election in 2005, Evo Morales has propelled economic growth in what was once one of the worst performing economies in Latin America, and enacted redistributive...

Finance Wealth Management

Gold trading: To do or not to do

International Finance DeskOctober 10, 2014

by International Finance DeskOctober 10, 2014

Many investment experts are sceptical, but interest is increasing Suparna Goswami Bhattacharya October 10,2014:The yellow metal traditionally has caught the fancy of many — be it in the form of bars, or in the form of Exchange-Traded Fund (ETFs). Stocks and shares remain the best form of investment for many, but gold has been...

Business Leaders

How did the IS emerge?

International Finance DeskOctober 1, 2014

by International Finance DeskOctober 1, 2014

Post withdrawal of American troops from Iraq in 2011, the country was left without a sufficiently viable military, thereby leaving the doors open for militants Sharan Lal October 1, 2014: The origin of IS can be traced to the US-Iraq war in 2003 when the US invaded Iraq and toppled Sunni dictator Saddam Hussein. Some...

Business Leaders

Islamic State: America’s new nemesis

International Finance DeskSeptember 30, 2014

by International Finance DeskSeptember 30, 2014

The recent turn of events in the Middle-East has raised several pressing questions such as the reason for the US authorising air strikes in Iraq this August Sharan Lal September 30, 2014: The gruesome beheading of two American journalists and a British aid worker in the months of August 2014 and September 2014 have once...

Business Leaders

Princeton is best, but Babson is costlier

International Finance DeskSeptember 17, 2014

by International Finance DeskSeptember 17, 2014

A look at the US News and World Report’s 2015 Best Colleges ranking Visy Valsan September 17, 2014: The US News and World Report’s 2015 Best Colleges ranking released earlier this September is a handy guide for those seeking a degree in US’ elitist universities. The rankings carry data on nearly 1,800 schools and draw...

Business Leaders

Tim Hortons, Burger King join hands to create world’s third largest QSR company

International Finance DeskAugust 28, 2014

by International Finance DeskAugust 28, 2014

The combined entity will have approximately $23 billion in system sales, over 18,000 restaurants in 100 countries and two strong, thriving, independent brands August 28, 2014: Tim Hortons Inc. and Burger King Worldwide Inc. on Tuesday announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service...

Economy

Poverty keeps growing in Buenos Aires as Argentina wakes up in default

International Finance DeskAugust 25, 2014

by International Finance DeskAugust 25, 2014

Major setback for a country already suffering from devaluation of the peso, rampant inflation, slow growth, falling wages and widespread poverty Kamilia Lahrichi August 25, 2014: Standard & Poor’s decision to declare Argentina on “selective default” on July 30th is a disaster for Argentinians. The New York Court of Appeals condemned the South American nation...

Economy

WTO rules against Argentina’s protectionism

International Finance DeskAugust 25, 2014

by International Finance DeskAugust 25, 2014

Says South American country’s import restrictions breach global trade rules Kamilia Lahrichi August 25, 2014: International pressure on Argentina is increasing as the World Trade Organization (WTO) ruled on August 22 that the South American country’s import restrictions breach global trade rules. The 170-page ruling sided with the European Union, the United States and Japan...

Fintech

Global economy: fast or slow track?

International Finance DeskJuly 7, 2014

by International Finance DeskJuly 7, 2014

Five years have passed since the global financial crisis. The IMF projects the world economy to increase 3.6% in 2014 and 3.9% in 2015. This is below the 5% growth of 2005-2007, but still a very good prospect. 7th July 2014 Five years have passed since the global financial crisis. The IMF projects the world...