Monday, Nov 18, 2024

International Finance

Tag : financial magazine

Economy

EU and Canada sign historic free trade agreement

International Finance Desk
by International Finance Desk
CETA was almost derailed by objections from the Wallonia region in Belgium November 4, 2016: Canadian Prime Minister Justin Trudeau flew to Brussels on the weekend to attend an EU-Canada Summit which had been delayed for three days because of opposition in Belgium to the Comprehensive Economic and Trade Agreement (CETA). Belgium came back to...
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Economy

Employment grows in the US

International Finance Desk
by International Finance Desk
Businesses added 175,000 jobs to the US economy in October IFM Correspondent November 4, 2016: US employers hired more workers in October and also hiked the wages of existing workers. Businesses added 175,000 jobs to the US economy in October and 156,000 jobs in September, while the unemployment rate ticked up to 5%. “The expected...
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BankingFinance

Falcon Private Bank appoints new Global Head for Products & Services

International Finance Desk
by International Finance Desk
Arthur Vayloyan joins the bank after a long-standing career at Credit Suisse IFM Correspondent November 23, 2016: Falcon Private Bank has appointed Arthur Vayloyan as the Global Head of Products & Services and Member of the Executive Board, effective December 1, 2016. Arthur Vayloyan has almost 25 years of banking experience. He joins Falcon Private Bank...
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FinanceWealth Management

Emirates REIT now world’s largest listed shari’ah compliant REIT

International Finance Desk
by International Finance Desk
Total assets is $773 million and market capitalisation is $333 million IFM Correspondent November 3, 2016: With a year-on-year increase of 13 per cent in total portfolio value, Emirates REIT (CEIC) Limited, one of UAE’s first regulated shari’ah compliant Real Estate Investment Trusts to be listed on Nasdaq Dubai, is now the largest shari’ah compliant...
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Economy

US Fed hints at rate hike

International Finance Desk
by International Finance Desk
Will wait ‘for some further evidence of continued progress toward its objectives’ IFM Correspondent November 3, 2016: The Federal Reserve on November 2 hinted at hiking interest rates in December. For now, officials voted to keep rates unchanged following a meeting in Washington. They emphasised that the pace of rate hikes will depend on evolution...
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Economy

China’s service sector expands at a rapid pace

International Finance Desk
by International Finance Desk
Findings of survey by financial information service provider Markit IFM Correspondent November 3, 2016: China’s services sector grew at the strongest pace in four months up to October as new business picked up, encouraging companies to hire more workers, a private survey showed. The Caixin China General Services PMI (Purchasing Managers’ Index) came in at...
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Economy

US stocks fall on hint of Trump win

International Finance Desk
by International Finance Desk
ABC/Washington Post poll on presidential race gave one point lead to the Republican candidate IFM Correspondent November 3, 2016: US stocks fell to the lowest since July amidst the uncertainty surrounding the presidential election after one poll suggested Donald Trump could win. The latest ABC/Washington Post poll shows US presidential candidates Hillary Clinton and Donald...
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FinanceWealth Management

Investment bank sold all its UK assets before Brexit

International Finance Desk
by International Finance Desk
Carnegie Investment Bank manages $17 billion for clients IFM Correspondent November 2, 2016: Carnegie Investment Bank AB, which manages $17.2 billion for clients, sold all of its UK holdings as opinion polls narrowed ahead of the June vote to exit from the European Union. Chief strategist Henrik Drusebjerg explained that the bank held equities as...
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Economy

Brexit: UK grows faster than expected

International Finance Desk
by International Finance Desk
The economy grew by 0.5% in the three months following the Brexit vote IFM Correspondent November 1, 2016: Britain’s economy grew more than expected in the three months following its vote to leave the European Union despite concern that apprehension over the country’s future would weigh on business. The economy expanded by 0.5% in the...
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Economy

China’s investment in Indonesia up from $600 million to $1.6 billion

International Finance Desk
by International Finance Desk
Boost for President Joko Widodo’s ambitious program to build infrastructure IFM Correspondent November 1, 2016: Many countries are racing to invest in Indonesia, South East Asia’s biggest economy. Last week, Finance Minister Sri Mulyani Indrawati said the economy will probably expand 5 percent this year, making Indonesia an attractive investment destination. According to reports from...
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