Monday, Nov 25, 2024

International Finance

Tag : Islamic Finance

Banking

An RO is the first step for banks eyeing China

International Finance Desk
by International Finance Desk
But opening a representative office (RO) may take up to nearly eight months from submission of application Hu Rong & Kai Xue August 4, 2014: The promise of a vast market has prompted foreign banks to establish representative offices (ROs) in China. By the end of 2012, there were 197 representative offices in various cities...
Read more
Economy

India opens its doors a little more

International Finance Desk
by International Finance Desk
Sharan Lal says that the announcements on FDI send out a strong message that the newly elected government would promptly draw up action points where ever required July 30,2014: Earlier this July, Arun Jaitley, the Finance Minister of the recently elected NDA government in India, pleased the Indian markets by his announcement on increase in...
Read more
Economy

Anatomy of a real estate crowdfunding transaction

International Finance Desk
by International Finance Desk
David Drake says that Fundrise takes a slightly different approach from others of its kind because it emphasises the social benefits that arise from investors having a say in the development of their own communities July 30,2014:Crowdfunding has now grown from a niche to a legitimate platform for funding projects of all kinds by raising...
Read more
Banking

Brazilian central bank resorts to reserve requirement cuts

International Finance Desk
by International Finance Desk
Measure suggests a compromise between hawks at the COPOM and the Rousseff administration July 28, 2014: Citing the slowdown in bank lending, the Brazilian central bank (BACEN) on July 25 announced a reduction in the amount of reserve requirements, totaling about BRL30bn (or 7.5% of the total outstanding amount). Reserve requirements have been utilized by...
Read more
Banking

NDBIB dominates investment banking space in Sri Lanka

International Finance Desk
by International Finance Desk
The company has managed several successful public offerings, including the largest ever equity issue on the Colombo bourse August 27, 2014: NDB Investment Bank (NDBIB) has implemented innovative debt and equity tactics in local capital markets for over a decade. The company was established in 1997 as Citi National Investment Bank, a joint venture between...
Read more
Economy

UK output finally exceeds pre-recession levels

International Finance Desk
by International Finance Desk
ING believes that BoE will end up tightening monetary policy sooner rather than later July 25, 2014: UK 2Q14 GDP growth has come in at 0.8%QoQ or 3.1% YoY, in line with market expectations. This is the fastest rate of annual GDP growth since 4Q 2007 and means that the UK economy has finally regained...
Read more
Banking

India’s central bank to identify bulwark in a financial crisis

International Finance Desk
by International Finance Desk
The RBI will designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the financial system July 24, 2014: The Reserve Bank of India (RBI) has decided to designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the...
Read more
Business Leaders

60 days after polls, Belgium sees signs of a federal government

International Finance Desk
by International Finance Desk
But this is nothing compared to 2010 when it took 18 months to form a government July 24, 2014: Nearly two months after the regional and federal elections in Belgium, it seems that the political process to form new governing coalitions is nearing an end. The elections took place on May 25. At the regional...
Read more
Islamic Banking

DIB’s ‘Smart Bank’ set to redefine customer service

International Finance Desk
by International Finance Desk
New customers can complete their account opening formalities and walk out with their ATM cards and cheque books within 15-20 minutes July 23, 2014: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced the launch of ‘Smart Bank’, in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum’s,...
Read more
Economy

UK manufacturing orders and employment on positive note: CBI survey

International Finance Desk
by International Finance Desk
Domestic orders power manufacturing recovery July 23, 2014: The recovery in British manufacturing continued apace in the last quarter, with faster growth in domestic orders and output, according to the latest Confederation of British Industry (CBI) quarterly Industrial Trends Survey. The survey of 481 firms reported robust growth in orders in the three months to...
Read more