Tuesday, Nov 19, 2024

International Finance

Tag : Magazine

BankingFinance

Sweden’s Riksbank contemplates digital currency

International Finance Desk
by International Finance Desk
Could potentially develop a new payment system after seeing a substantial dip in the use of conventional currency IFM Correspondent November 22, 2016: Sweden’s central bank — Riksbank — is considering the option of using digital currency. This is mainly due to the fact there has been a drastic decrease in the use of notes...
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BankingFinance

Metro Bank launches internet banking platform

International Finance Desk
by International Finance Desk
Will support fast-growing customer base and enhance users’ online experience November 22, 2016: As part of their commitment to provide consumers with innovative offerings and customer-centric banking experiences, Metro Bank launched a commercial internet banking platform marking yet another disruptive step for the challenger bank. Since its launch in 2010, Metro Bank has demonstrated an...
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BankingFinance

China and India to drive global growth in ATMs

International Finance Desk
by International Finance Desk
The growth will be driven by large sections of the population that will open bank accounts for the first time IFM Correspondent November 21, 2016: Globally, the number of ATMs rose by 5% in 2015, to touch 3.2 million units by the end of the year. The majority of growth in the global ATM market...
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Wealth Management

British industrialist seals purchase of ‘industry-friendly’ UK bank

International Finance Desk
by International Finance Desk
Tungsten Bank to be renamed Wyelands Bank November 16, 2016: British industrialist Sanjeev Gupta, through Wyelands Holdings Limited, finalised with Tungsten Corporation PLC, the terms of the purchase of Tungsten Bank PLC which is to be renamed Wyelands Bank PLC. This is following receipt of approval at the beginning of November for a Change in...
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BankingFinance

HDFC Bank selects Backbase to upgrade its digital banking experience

International Finance Desk
by International Finance Desk
Backbase will play a key role in delivering HDFC Bank’s next generation of banking architecture October 5, 2016: HDFC Bank Ltd., one of India’s premier banks, providing innovative products and smart banking solutions to over 37 million customers across India, has selected Backbase, the omni-channel digital banking market leader, to deliver its new digital omni-channel...
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Economy

Iran says reversal of nuclear deal not possible

International Finance Desk
by International Finance Desk
Other Arab leaders welcome Donald Trump’s victory IFM Correspondent November 11, 2016: Iran’s President Hassan Rouhani said that US president-elect Trump will not be able to reverse the nuclear deal. He said there is ‘no possibility’ of the nuclear deal being annulled. “The US no longer has the capacity to create Iranophobia and to create...
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Economy

India demonetises currency to move away from cash

International Finance Desk
by International Finance Desk
But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...
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FinanceWealth Management

Gold demand fell in Q3 of 2016

International Finance Desk
by International Finance Desk
Exchange-Traded Products were the only area of growth IFM Correspondent November 10, 2016: Gold demand fell 10% in Q3 to 992.8 tonnes (t). Exchange-Traded Products were the only area of growth, with inflows of 145.6 tonnes. Bars, coins and jewellery remained very weak: year-to-date consumer demand was down 16%, according to the World Gold Council’s...
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Economy

India withdraws high denomination currency overnight

International Finance Desk
by International Finance Desk
Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...
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Economy

France, Iran ink deal for South Pars gas field

International Finance Desk
by International Finance Desk
Total, along with CNPC and Petropars, would develop part of a giant gas field in South Pars IFM Correspondent November 8, 2016: In an agreement that will mark the first Western energy investment since international sanctions were lifted, Iran will sign a preliminary $6 billion deal with France’s Total SA. Under the deal, Total along...
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