UK troubled by inflation and weak pound
How inflation and a weak pound are beginning to take hold of the UK economy...
Tag : Finance
Verifone ropes in leading Danish retailers
Dagrofa and REMA 1000 will offer consumers more cashless pay options at checkout November 30, 2016: Verifone (NYSE: PAY), a global provider of payments and commerce solutions, announced that Denmark’s third largest retail company Dagrofa and the country’s fastest growing discount chain REMA 1000 have selected Verifone to enable more options for the way consumers shop...
Ireland not keen to host high-risk trading post-Brexit
Risks and scale have prompted this cautious response from Dublin November 29, 2016: Ireland has indicated to a number of large investment banks that it would be hesitant to host large trading operations. The Irish central bank has signalled in talks with banks that they would encounter serious hurdles to gain regulatory approval for these...
Driving the company to be a ‘People Business’
Thai Life Insurance Public Company Limited believes that ‘people’ are the key factor in their business IFM Correspondent November 28, 2016: Thai Life Insurance Public Company Limited is the country’s first life insurance company. It was founded 74 years ago. In 2014, the company altered its vision, mission and core values to become a cutting-edge...
‘Banks in Afghanistan want to convert difficulties into opportunities’
Interview with CEO of Azizi Bank IFM Correspondent November 28, 2016: Dr Mohammad Salem Omaid is the President and CEO of Azizi Bank. Prior to this, he has been the Deputy CEO of the bank for more than five years. Dr Omaid has been a great influencer and motivator in structuring the bank and guiding...
Brexit may change growth rate from 2.2% to 1.4%
UK companies to benefit from cut in corporation tax IFM Correspondent November 25, 2016: Chancellor Philip Hammond delivered the last Autumn Statement this year and said that the government is focused on preparing and supporting the economy as they begin to write a new chapter in the country’s history. Hammond spoke about tackling the weaknesses in...
Trump plans to quit Pacific deal
But silent on Obamacare and building a wall along the border of US and Mexico IFM Correspondent November 23, 2016: President-elect Donald Trump says US will quit Trans-Pacific Partnership (TPP) trade deal on his first day in office. The TPP trade deal was signed by 12 countries which together cover 40% of the world’s economy....
Japan scores low in financial literacy
Aversion to risk poses challenge to reversing the prolonged deflation in the economy Suparna Goswami Bhattacharya November 22, 2016: Despite being among the most industrialised and developed nations in the world, Japan surprisingly scores very low on financial literacy. According to a survey by the Central Council of Financial Services Information, Japanese are averse to...
Sweden’s Riksbank contemplates digital currency
Could potentially develop a new payment system after seeing a substantial dip in the use of conventional currency IFM Correspondent November 22, 2016: Sweden’s central bank — Riksbank — is considering the option of using digital currency. This is mainly due to the fact there has been a drastic decrease in the use of notes...
Metro Bank launches internet banking platform
Will support fast-growing customer base and enhance users’ online experience November 22, 2016: As part of their commitment to provide consumers with innovative offerings and customer-centric banking experiences, Metro Bank launched a commercial internet banking platform marking yet another disruptive step for the challenger bank. Since its launch in 2010, Metro Bank has demonstrated an...