Monday, Nov 25, 2024

International Finance

Tag : Islamic Finance

Islamic Banking

Three Malaysia banks announce merger

International Finance Desk
by International Finance Desk
The combined entity will become South East Asia’s fourth largest commercial lender and Islamic bank IFM Correspondent October 14, 2014: CIMB Group Holdings Berhad, RHB Capital Berhad and Malaysia Building Society Berhad announced on October 9, 2014 that an application has been made to the country’s central bank seeking approval for its proposed three-way merger....
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FinanceWealth Management

Gold trading: To do or not to do

International Finance Desk
by International Finance Desk
Many investment experts are sceptical, but interest is increasing Suparna Goswami Bhattacharya    October 10,2014:The yellow metal traditionally has caught the fancy of many — be it in the form of bars, or in the form of Exchange-Traded Fund (ETFs). Stocks and shares remain the best form of investment for many, but gold has been...
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Business Leaders

Internet should not be a privilege of the rich: Mark Zuckerberg

International Finance Desk
by International Finance Desk
Facebook will create $1 million fund to help develop apps for farmers, women and migrants IFM Correspondent October 9, 2014: Seeing exponential growth potential for Facebook in India, its co-founder Mark Zuckerberg said he will discuss with Prime Minister Narendra Modi ways to connect villages with the digital world. He is excited about helping the...
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Business Leaders

Citi appoint new CEO for Citibank Malaysia

International Finance Desk
by International Finance Desk
Lee Lung Nien will report to Citi’s head of Asean Michael Zink IFM Correspondent October 8, 2014: Citigroup has appointed Lee Lung Nien as the new CEO of its wholly owned unit Citibank Bhd. Lee will have overall responsibility for Citi’s franchise in Malaysia, including its institutional clients group, and the consumer banking, cards and...
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Business Leaders

Vonage announces new CEO

International Finance Desk
by International Finance Desk
Alan Masarek is a former Google Inc executive IFM Correspondent October 8, 2014: Holmdel-based Vonage Holdings Corp. on October 7, 2014 announced the appointment of Alan Masarek, former Google Inc executive, as CEO of the company. The appointment will be effective November 6, 2014. Masarek succeeds Marc Lefar, who is retiring from the CEO post...
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Banking

Most investment bankers are still male

International Finance Desk
by International Finance Desk
With a 2% drop in number of women entering the financial sector in the US, gender diversity is a long way off Suparna Goswami Bhattacharya   October 7, 2014: While the technology sector is struggling to shrug off the gender-bias tag from its name, there is another industry — the financial services sector — which...
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Economy

Warning of global slowdown

International Finance Desk
by International Finance Desk
20% of the countries that tapped into the World Bank’s fund for the poorest yet to show any growth IFM Correspondent October 6, 2014: In an effort to warn the global economy against considerable downside risk, finance and development ministers from around the world will meet in Washington DC on October 11, 2014. With Europe...
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Economy

Kenya rings in competition

International Finance Desk
by International Finance Desk
From price wars, buy outs to intrigues over thin SIM technology. Has the telecom sector finally come of age? Amoxers Wachira October 6, 2014: Over the last few months , Kenya’s telecom sector has been buzzing with activity. From mobile network operators  taking their price wars to court, to cut throat competition, which has prompted...
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FinanceWealth Management

Gold hits 15-month low

International Finance Desk
by International Finance Desk
Strong economic data sends prices down October 6, 2014: With US unemployment rate below 6% for the first time since 2008, gold prices have gone negative for the year and tumbled below $1,200 an ounce. Gold opened 2014 trading at $1,207.80 an ounce and approached the $1,400 mark in March. However, the release of relatively...
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Economy

Rainbow Nation’s energy sector is getting greener

International Finance Desk
by International Finance Desk
Since the 2008 energy crisis, South Africa has been trying to reduce dependency on coal Miriam Mannak October 3, 2014: Africa’s second largest economy is a land of abundance, boasting vast reserves of coal, platinum, and gold. The country’s natural wealth isn’t, however, confined to the depths below the earth’s surface. She is also blessed...
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