Monday, Nov 25, 2024

International Finance

Tag : Capital Markets

Business Leaders

China Radio launches contest to generate interest in Beijing

International Finance Desk
by International Finance Desk
Winners could get a free trip to the Chinese capital August 26, 2014: On August 20, Beijing Municipal Commission of Tourism Development and CRI Online jointly launched ‘Feeling Beijing’ Online Contest for Global Audiences in six languages — Chinese, English, German, French, Japanese and Korean. It enables people from around the world to answer a questionnaire in their native...
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Economy

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

International Finance Desk
by International Finance Desk
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...
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Economy

WTO rules against Argentina’s protectionism

International Finance Desk
by International Finance Desk
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...
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Banking

Assets under management hit record high at Saxo Bank

International Finance Desk
by International Finance Desk
Client deposits have gone up by almost 10 billion Dkr. to over 60 billion Dkr. August 22, 2014: In the first half of 2014, Saxo Bank reached another record in assets under management, with client deposits exceeding 60 billion Dkr., an increase of almost 10 billion Dkr. equivalent to 19% in six months. Saxo Bank,...
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Economy

Differences at Bank of England

International Finance Desk
by International Finance Desk
BoE governor has presided over his first split vote. However, the two members who voted for a rate rise are unlikely to be joined by others for a while yet. August 21, 2014: The minutes of the Bank of England monetary policy meeting on August 6-7 showed that the committee voted 7-2 in favour of keeping Bank...
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Economy

4th Arab Aviation and Media Summit on September 24

International Finance Desk
by International Finance Desk
The event will be held in RAK and this year’s theme is Aviation & Tourism: common vision and purpose August 21, 2014: Air Arabia is organising the 4th edition of Arab Aviation Summit in RAK on September 24. The Arab Aviation and Media Summit is the largest gathering of Arab media, together with top executives from...
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Economy

Mexico to End Oil Monopoly

International Finance Desk
by International Finance Desk
Mexico’s constitution forbids private sector contracts and puts all exploration and production of Oil into the exclusive hands of the state. 14th August 2014 Mexico has broken a 75 year state monopoly on energy which could boost flagging growth and double foreign investment, potentially providing the biggest succour to its economy since the North American...
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Business Leaders

New main sponsor for German football club 1. FC Kaiserslautern

International Finance Desk
by International Finance Desk
The company, paysafecard, is the world’s leading provider in prepaid solutions for online payments August 11, 2014: The German football club 1. FC Kaiserslautern has a new main sponsor in paysafecard.com Wertkarten GmbH. During the season’s first home match on Monday, August 4, 2014, against TSV 1860 München, the ‘Red Devils’ hit the field with...
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Economy

The grim and costly side of South Africa’s strike culture

International Finance Desk
by International Finance Desk
Striking mobs have been part of the South African economic landscape for quite some time. Over the past few years however, industrial action has become more frequent, violent, and costly; and a growing worry among investors, business owners,analysts. Miriam Mannak August 8, 2014: It has been a tumultuous couple of months on the South African...
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Economy

Italy is back in technical recession

International Finance Desk
by International Finance Desk
Istat indicated that domestic demand was growth neutral, whilst net exports were a drag on growth August 6, 2014: Istat just released its flash GDP estimate, signaling that in 2Q14 the Italian economy fell back into technical recession. According to Istat, the Italian GDP contracted 0.2% QoQ (from -0.1% QoQ in 1Q14) and 0.3% YoY....
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