Wednesday, Dec 4, 2024

International Finance

Tag : banking

Islamic Banking

Senegal as the West African Hub for Islamic Finance

International Finance Desk
by International Finance Desk
Senegal’s attraction to banks rests on its macroeconomic and political stability. Senegal as the West African Hub for Islamic Finance Senegal’s banking system is one of Africa’s most competitive. Yet, there is still lot of scope for it to expand and improve due its steady economic growth and a large unbanked population. If this rise...
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Business Leaders

Can Jose “Maverick” Mourinho End Premier League Drought for Chelsea

International Finance Desk
by International Finance Desk
Jose Mourinho proclaimed that he is “The Happy One” on his return to Chelsea, adding that he is calmer and a better manager than he has ever been. 17th June 2013 “Absence makes the heart grow fonder”, goes a popular adage. Jose Mourinho, the temperamental coach must have felt exactly the same when he was...
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Fintech

The New Virtual Currency – Bitcoin

International Finance Desk
by International Finance Desk
Bitcoin startups are beginning to raise sizeable investment capital despite warnings about potential regulation and incidents of hackers abusing the Internet virtual currency for profit. 15th June 2013 Everytime you spend bitcoins to buy a drink at Evr, a bar in Manhattan that accepts the digital currency, you make its co-owner, Charlie Shrem richer. This...
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Economy

Euro business growth eases in May, ECB takes steps

International Finance Desk
by International Finance Desk
Lacklustre growth characterised by a slowdown plagues the EU while its central bank tries to jack up inflation rate that teeters on the verge of deflation, report Team IFM Brussels, June 11: Euro-zone business growth slowed in May, but services output expanded at the strongest pace in almost three years, prompting the European Central Bank...
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Economy

Brazil’s industrial output down in April

International Finance Desk
by International Finance Desk
Manufacturing proves to be a drag on broader economic growth as Brazil tries to come to terms with a drop in production for the second straight month, reports Team IFM Rio de Janeiro, June 11: Brazil’s industrial production in April fell for the second month in a row, as output of capital goods and consumer...
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Banking

HSBC is “Numero Uno” among European Banks

International Finance Desk
by International Finance Desk
HSBC has gone past France and Germany’s largest lenders to take the top spot on a league table of Europe’s biggest banks as its assets grew to more than 2 trillion Euros ( £ 1.7 trillion).  June 11, 2013 : International Finance Magazine, reports on the rise of the bank, its rapid growth and its role...
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Banking

RBA leaves rate unchanged at 2.5%

International Finance Desk
by International Finance Desk
RBA chief Glenn Stevens has rightly configured the monetary policy to foster sustainable growth in demand and contain inflation, reports TEAM IFM Sydney, June 10: The Australian central bank has kept its key rate unchanged at 2.5 percent for the 10th straight month as a mining investment slowdown has impacted growth resulting in the need for...
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Banking

RBI takes steps to spur bank lending

International Finance Desk
by International Finance Desk
Indian central bank’s pragmatic moves will help the new government stick to prudent fiscal management and usher in broader reforms, reports Team IFM New Delhi, June 10: India’s central bank chief Raghuram Rajan Tuesday eased credit rules and indicated he would ease monetary policy further if inflation slowed faster than anticipated, leaving interest rates unchanged...
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Economy

Mexican factory output swells seven months running

International Finance Desk
by International Finance Desk
Increased manufacturing activity attributed to new work inflows from domestic and foreign clients, reports Team IFM Mexico City, June 7: Mexico’s factories continued to tick last month with growth of output and new orders remaining on an even keel, encouraging manufacturers to scale up both production and employment, says a recent independent survey. Selling prices...
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