Friday, Apr 19, 2024

International Finance

Tag : Brexit

Economy

Brexit: So far so good for the UK

International Finance Desk
by International Finance Desk
Among other things, it is more price competitive in global markets, thanks to the depreciation of the pound Suparna Goswami Bhattacharya September 26, 2016: Though talks of the adverse after-effects of Brexit have been going on for a while, things have not been as bad for the country as was predicted, at least for now....
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Economy

EU likely to make it tough for UK

International Finance Desk
by International Finance Desk
A wrong step in the negotiations may fuel demand from other countries to exit Suparna Goswami Bhattacharya September 15, 2016: Recently, the German economy minister had remarked that Britain must not be allowed to ‘keep the nice things’ that come with EU membership without taking responsibility for the fallout from Brexit. In fact, he warned...
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Economy

Confidence among UK businesses improves post Brexit

International Finance Desk
by International Finance Desk
However, not much excitement about the economy IFM Correspondent September 2, 2016: Things are not as bad as it was thought it would be post Brexit. A monthly business survey has found that more than half of the confidence lost in the aftermath of the referendum has been recovered. However, businesspersons remained largely pessimistic about...
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Business Leaders

Nigel Farage urges US to vote for Trump

International Finance Desk
by International Finance Desk
Says will not vote for Clinton even if he gets paid for it IFM Correspondent August 25, 2016: Outgoing UKIP (UK Independence Party) leader Nigel Farage urged Republicans to “get your walking boots on” and drum up support for Republican presidential nominee Donald Trump. Farage addressed around 15,000 activists in Mississippi and said the party...
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Economy

What does the rate cut mean for you?

International Finance Desk
by International Finance Desk
The BoE announces a cut in interest rates to record low of 0.25 percent Holly Mackay August 5, 2016: The Bank of England has decided to take on the role of a supportive friend following Brexit with a 0.25% rate cut and some more quantitative easing. That’s basically when the Government prints money and flushes...
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Economy

Flying through the eye of a storm

International Finance Desk
by International Finance Desk
Expect UK to enter technical recession between second half of 2016 and first half of 2017 Jaspreet Sehmi August 2, 2016: In its first set of projections published since the UK voted to leave the EU, the IMF has downgraded its forecasts for global, eurozone and UK growth. In addition, the Fund says that the...
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Banking

Lloyds Bank to cut 3,000 jobs

International Finance Desk
by International Finance Desk
This follows Britain’s decision to quit the European Union July 28, 2016: Lloyds Banking Group is set to cut 3,000 jobs and shut 200 branches as it prepares for a cut in interest rates following Britain’s decision to quit the European Union, it said. The bank, which is 9 per cent owned by the government,...
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Economy

‘Brexit will cut global economic growth by 0.1 per cent’

International Finance Desk
by International Finance Desk
Also, the referendum may distract EU decision makers from core areas Suparna Goswami Bhattacharya July 28, 2016: Almost a month after the UK decided to exit the European Union, economists around the globe have come out with data suggesting that the referendum has had a mixed impact on the global economy with certain areas getting...
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Economy

IMF cuts its global growth

International Finance Desk
by International Finance Desk
Predicts increase in uncertainty after Brexit IFM Correspondent July 20, 2016: Keeping a close eye on Brexit and its anticipated impact, the International Monetary Fund (IMF) has cut its global growth forecasts for the next two years. The move included a nearly full percentage point reduction in the UK’s 2017 growth forecast. Cutting its World...
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