Saturday, Nov 16, 2024

International Finance

Tag : economy

Economy

Argentina sues and suspends Citibank

International Finance Desk
by International Finance Desk
The reason is the bank’s exit from its bond custody business Kamilia Lahrichi April 14, 2015: The Argentine left-wing government is suing in local courts Citibank Argentina, the country’s 12th largest bank by deposits and a subsidiary of Citigroup, for exiting its bond custody business, Economy Minister Axel Kicillof said on April 8, 2015, in...
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Economy

Betting big on India

International Finance Desk
by International Finance Desk
Acting as a catalyst to its growth story is US President Barack Obama’s recent visit, which may inspire investors to pile up Indian stocks throughout 2015 Suparna Goswami Bhattacharya February 19, 2015: If one were to describe India’s growth story in one line, it would read something like this– A nation of unrealised potential. The...
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Economy

Saudi Arabia moving away from oil

International Finance Desk
by International Finance Desk
The Saudi government is making all efforts possible to increase share of the manufacturing industry Suparna Goswami Bhattacharya January 27, 2015: One does not really associate names like Jaguar Land Rover, a British automotive company; or Mars, an American confectioner, with Saudi Arabia. For years, Saudi Arabia has become synonymous with oil. And it is...
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Economy

An unhappy New Year for Argentina

International Finance Desk
by International Finance Desk
It is entangled in a legal battle with hedge funds that bought its debt on the cheap during the 2001 crisis Kamilia Lahrichi January 12, 2015: There will be no truce between the Argentine government and its foreign creditors, despite the expiration of a provision on December 31, 2014 that could have paved the way...
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Business Leaders

Investors losing interest in South Africa

International Finance Desk
by International Finance Desk
Change political mindset to overcome economic constraints, says John Kane-Berman, CEO, Institute of Race Relations Miriam Mannak November 5,2014:It hasn’t been plain sailing for South Africa. Besides slipping on the World Bank’s Economic Freedom Index and the World Economic Forum’s Competitiveness Index, the International Monetary Fund presented a rather bleak economic outlook for Africa’s second...
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Business Leaders

Brazil’s President Rousseff stays in power

International Finance Desk
by International Finance Desk
State interventionism wins over free market Kamilia Lahrichi October 27, 2014: Left-leaning president Dilma Rousseff won the election in recession-hit Brazil on October 26 after one of the most dramatic electoral campaigns. The country’ first female president turfed out the centrist contender Aécio Neves with about 52% of the vote against 48% for her rival...
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Business Leaders

Bolivia’s Evo Morales wins a third consecutive term

International Finance Desk
by International Finance Desk
Left-leaning president, an Aymara Indian and a former coca farmer, becomes the longest serving leader and incumbent head of state in the Andean country Kamilia Lahrichi October 17,2014:Since his first election in 2005, Evo Morales has propelled economic growth in what was once one of the worst performing economies in Latin America, and enacted redistributive...
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Fintech

Facebook announces change in research policy

International Finance Desk
by International Finance Desk
This comes after they published a study that turned into a PR disaster IFM Correspondent October 3, 2014: After a study on people’s emotional behaviour carried earlier this year backfired, Facebook on Thursday announced that it has come up with a new review process for pre-approving research. The emotional contagion study published in June was...
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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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