International Finance

Tag : banking

FinanceWealth Management

U.S. Housing Bubble Inflates

The rate of new home sales also picked up to its quickest pace since July 2008. 27th June 2013 U.S. home prices have jumped in April, racking up their biggest gain in seven years in a sign of growing momentum in the housing Markets. This is despite the mortgage rates inching up every day which...
Fintech

Hacking and Data Laws Widens the Scope of Cyber Liability Insurance in Europe

In the United States cyber cover has grown to be a market worth more than $ 1 billion in annual premiums, but Europe has not followed suit, even after a series of high profile, costly, hacking incidents. 24 June 2013 European insurers have received a shot in the arm to bolster their cover for companies...
Fintech

Top 10 Tips for Managing and Making Sense of Big Data

”Big Data” refers to the unmanageable amount of data being driven by a connected world. Posted by Richard Jenkins It is becoming a challenge that companies need to address – quickly – in order to not just stay competitive, but to remain as a valid option in their sector. However, with big data comes Big Infrastructure....
Islamic Banking

Viva Kuwait Signs $ 270 Million Loan for Expansion and Diversification

The borrowing also includes a $ 70 million Murabaha facility, a cost-plus-profit arrangement compliant with Islamic laws 21st June 2013 International Finance Magazine reports on Viva Kuwait’s loan for its expansion and diversification in the market and explains the Murabaha facility and its impact on the debtor and creditor. Viva Kuwait, an affiliate of Saudi...
FinanceWealth Management

Hedge Funds as a Socially Responsible Investment

Hedge funds often seen as a quick way of making money for the managers; and the investors are trying to reinvent themselves as more socially conscious industry. 20th June 2013 Hedge funds are experiencing rapid growth, often referred to as an exclusive corner of the professional investment community. It is little more than a mystery...
Fintech

Tackling Climate Change with a Robust Carbon Price

The need for Working towards global carbon trading Even as the first generation of the carbon market stutters, a robust price on carbon has never been more important if we are to avert dangerous climate change. Current greenhouse gas emission pledges place the world on a trajectory for warming of well over 2°C, even if...
Banking

Bank Penalties on Risk Management Failures Raise Enormously in U.K.

The Financial Conduct Authority has levied a fine of more than £ 292 million pounds ($458 million) against firms which have inadequate risk management controls.  June 19, 2013 : International Finance Magazine gives you the story on LIBOR manipulation and the impact of the Financial Services Act 2012 which has given more powers to exert pressure...
Islamic Banking

Tunisia gets $ 1.2 Billion Funding From Islamic Development Bank to ‘bolster’ its Economy

The North African Country has won a $ 1.2 Billion in funding from the Saudi based Islamic Development Bank with an aim to rejuvenate its agricultural and industrial sectors in general and its economy in particular. 18th June 2013 Tunisia has won a $ 1.2 billion in funding from the Saudi based Islamic Development Bank...
Banking

Singapore “Censures” Erring Banks For Attempted Manipulation of Local Benchmark Interest Rates

Singapore’s Central Bank has censured a record 20 banks on Friday after it found that 133 traders in the city tried to rig key borrowing and currency rates. June 18,2013 : Singapore’s Central Bank has rapped 20 banks for allowing 133 traders to attempt to manipulate interest rates and foreign exchange benchmarks for a period of...