growth Archives - Page 4 of 4 - International Finance

ING to shed 7,000 jobs

International Finance DeskOctober 4, 2016

by International Finance DeskOctober 4, 2016

Jobs cuts to mainly take place in Belgium and The Netherlands IFM Correspondent October 4, 2016: Dutch bank ING, the country’s biggest lender, announced plans to shed 7,000 jobs, mainly in Belgium and The Netherlands. The plan is part of cost cutting measure for the company, which will help it save $1.01 billion by 2021....

Economy

China to be world’s first trillion dollar aviation market

International Finance DeskSeptember 28, 2016

by International Finance DeskSeptember 28, 2016

Airbus and Boeing are best placed to take advantage of this growth Suparna Goswami Bhattacharya September 28, 2016: Slowing economy and tough government regulations notwithstanding, China is all set to become the world’s first trillion dollar aviation market by 2035. According to manufacturers Airbus and Boeing, the Chinese aviation market looks one of the most promising...

Economy

India clears historic GST Bill

International Finance DeskAugust 4, 2016

by International Finance DeskAugust 4, 2016

Likely to benefit through growth in investments and revenue August 4, 2016: With the passage of the Goods and Services Tax (GST) Constitutional Amendment of Bill in the Upper House of Parliament on August 4, a decade-long wait finally came to an end. Many term it as the next big reform in India after liberalisation...

Economy

‘China’s shift to services not good in long run’

International Finance DeskAugust 3, 2016

by International Finance DeskAugust 3, 2016

The country is going through premature deindustrialisation, say experts Suparna Goswami Bhattacharya August 3, 2016: Of late, China has been less in the news for its ‘slowdown’. Economic activity in the country has stabilised in recent months, mostly on the back of the property market rally and strong infrastructure investments. But, there is another challenge...

Economy

Flying through the eye of a storm

International Finance DeskAugust 2, 2016

by International Finance DeskAugust 2, 2016

Expect UK to enter technical recession between second half of 2016 and first half of 2017 Jaspreet Sehmi August 2, 2016: In its first set of projections published since the UK voted to leave the EU, the IMF has downgraded its forecasts for global, eurozone and UK growth. In addition, the Fund says that the...

Economy

IMF cuts its global growth

International Finance DeskJuly 20, 2016

by International Finance DeskJuly 20, 2016

Predicts increase in uncertainty after Brexit IFM Correspondent July 20, 2016: Keeping a close eye on Brexit and its anticipated impact, the International Monetary Fund (IMF) has cut its global growth forecasts for the next two years. The move included a nearly full percentage point reduction in the UK’s 2017 growth forecast. Cutting its World...

Economy

Turner & Townsend opens new hub in Kenya

International Finance DeskJuly 5, 2016

by International Finance DeskJuly 5, 2016

Company is involved in more than 40 projects across Africa July 5, 2016: Global professional services consultancy Turner & Townsend has opened an office in Kenya as the country sees solid economic growth, with the outlook for continued investment in infrastructure and construction. The company is currently involved in more than 40 projects across Africa,...

Economy

World Bank cuts global growth outlook

International Finance DeskJune 9, 2016

by International Finance DeskJune 9, 2016

Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...