Saturday, Oct 23, 2021
International Finance

Tag : budget

Economy

Saudi Arabia launches sale of international bonds

Seeks to raise up to $15 billion IFM Correspondent October 19, 2016: Saudi Arabia has officially launched its first international bond sale. The move comes as the Kingdom looks to debt markets to help ease its cash squeeze as a result of the two-year oil price slump. The low oil price has led to a...
Economy

Saudi announces Vision 2030 to transform its economy

The aim is to make a smooth transition away from dependency on oil revenue Suparna Goswami Bhattacharya May 13, 2016: With oil price continuing to show no signs of improvement, it is no secret that oil dependant nations have to think of alternatives to run their economy. The Kingdom of Saudi Arabia recently announced a...
Economy

Rail budget: No hike in freight fares

Focus on improving consumer experience February 25, 2016: The Narendra Modi-led NDA government on Thursday announced the railway budget. Suresh Prabhu, Union Railway Minister, while keeping the freight fares unchanged, announced four special trains — Tejas (with onboard entertainment and other world-class service), Uday (double-decker trains on busiest routes), Antyodaya Express (long distance train for...
Economy

Saudi looks to austerity measures to cut losses

Government is seeking advice from experts on downsizing budget Suparna Goswami Bhattacharya January 25, 2016: Saudi Arabia has reveled in its oil-rich economy for years, but is finally feeling the pressure of falling oil prices. So much that the government is considering austerity measures. There are enough reasons to think about austerity, especially since the...
Economy

Kenya’s betting big on infrastructure

Earlier this year, various organisations placed the East African nation among the fastest growing economies in the world Amoxers Wachira and Veronicah Riba July 10, 2015: Africa has been described as the Dark Continent for many years. However, with economies of a couple of African countries recording growth in recent years, the narrative is quickly...
Economy

Uncertainty of election makes pound jittery

On April 10, the pound fell to a five-year low against the dollar Tim Evershed April 17, 2015: Uncertainty surrounding the result of next month’s UK general election is sending the sterling on a rollercoaster against the dollar. On April 10, the pound fell to a five-year low against the dollar as election jitters combined...
Economy

Australian business confidence on upward curve

Budget blues dissipating and mood in industry improving as conditions become better, reports Team IFM Sydney, July 10: Business confidence in Australia has shown no ill effects in June from the government’s “tough budget”, according to the report of a survey released by the National Bank of Australia (NAB) on Tuesday. The much-followed NAB report...
Economy

FIFA World Cup fails to lift Brazil, shows apex bank data

Monthly budget deficit in May almost touches all-time high while HSBC survey signals further deterioration in factory sector, reports Team IFM Sao Paolo, July 9: Brazil’s dalliance with  fiscal instability continued in May, data released by the country’s central bank on July 1 shows, sinking hopes that the ongoing FIFA World Cup would lift it...