International Finance

Tag : Islamic Finance

Business Leaders

Is there something like better tobacco?

Biotechnology firm opens up new opportunities for the multi-billion dollar market David Drake October 31, 2014: As the biotech firm  22nd Century Group, Inc. (NYSE MKT: XXII) rang the closing bell on the New York Stock Exchange last Thursday, the multi-billion dollar tobacco industry is at the threshold of this firm’s biotechnological efforts as it...
Fintech

Should you trust mobile banking?

It’s helpful provided you are careful on how you use access to the internet Tim Ring October 30, 2014: Our plummeting faith in new technology was starkly illustrated last year by the Russian secret service. In the wake of whistleblower Edward Snowden’s revelations of mass electronic spying by the Americans, the Kremlin agency tasked with...
Business Leaders

Bolivia’s Evo Morales wins a third consecutive term

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...
Islamic Banking

Three Malaysia banks announce merger

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....
FinanceWealth Management

Gold trading: To do or not to do

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...
Business Leaders

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

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...
Business Leaders

Citi appoint new CEO for Citibank Malaysia

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...
Business Leaders

Vonage announces new CEO

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...
Banking

Most investment bankers are still male

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...