Sunday, May 5, 2024

International Finance

Tag : president

Business Leaders

Nigel Farage urges US to vote for Trump

International Finance Desk
by International Finance Desk
Says will not vote for Clinton even if he gets paid for it IFM Correspondent August 25, 2016: Outgoing UKIP (UK Independence Party) leader Nigel Farage urged Republicans to “get your walking boots on” and drum up support for Republican presidential nominee Donald Trump. Farage addressed around 15,000 activists in Mississippi and said the party...
Read more
Economy

‘Bill for Turkey coup attempt is $100 billion’

International Finance Desk
by International Finance Desk
Minister says rebels made Turkey look like a Third World country IFM Correspondent August 3, 2016: The bid to overthrow the government of President Recep Tayyip Erdogan proved very costly for Turkey. According to Bulent Tufenkci, customs and trade minister, the attempt came at of cost of $100 billion (300 billion liras) to the economy....
Read more
Economy

Saudi Arabia mulling over income tax on expats

International Finance Desk
by International Finance Desk
However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...
Read more
Economy

UBS may shift its base outside the UK

International Finance Desk
by International Finance Desk
Banks worry about losing passporting rights IFM Correspondent July 14, 2016: With uncertainty looming large post-Brexit, some banks may shift their headquarters and offices outside London. Andrea Orcel, president of UBS Investment bank, has warned that it is considering moving its staff to a European country, following the UK’s vote to leave the EU. UBS,...
Read more
Economy

Greenspan, gold, and the banality of evil

International Finance Desk
by International Finance Desk
The former chairman of the US Fed is warning against an inevitable crisis resulting from the very policies he helped implement Stefan Gleason  July 12, 2016: Under certain circumstances, seemingly decent human beings are capable of horrific things.So it is with former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into...
Read more
Economy

‘Every Airbus is partly made in India’

International Finance Desk
by International Finance Desk
European company awards A320neo titanium parts contract to Aequs IFM Correspondent May 13, 2016: In a further boost to the ‘Make in India’ programme, Airbus has contracted Aequs Aerospace, a wholly-owned subsidiary to supply over 100,000 titanium machined parts for the A320neo (new engine option) programme. This is the first time work on critical elements...
Read more
Economy

Japan trying to revive startup eco-system

International Finance Desk
by International Finance Desk
Back in the ’40s, the nation was known for producing startups that went on to become world-class companies Suparna Goswami Bhattacharya July 6, 2015: For the past two decades, Japan has been searching to get its economic mojo back. Several governments have done their bit, but nothing seems to have paid the desired dividends. In...
Read more
Banking

Online-only banks gaining popularity

International Finance Desk
by International Finance Desk
With banks struggling to remain profitable, digital banks are disrupting the way the industry functions Suparna Goswami Bhattacharya June 29, 2015: The one industry which has gone through a sea of transformation in the last decade is the financial industry. It all started with the opening up of ATMs and the addition of online banking...
Read more
Economy

Argentina sues and suspends Citibank

International Finance Desk
by International Finance Desk
The reason is the bank’s exit from its bond custody business Kamilia Lahrichi April 14, 2015: The Argentine left-wing government is suing in local courts Citibank Argentina, the country’s 12th largest bank by deposits and a subsidiary of Citigroup, for exiting its bond custody business, Economy Minister Axel Kicillof said on April 8, 2015, in...
Read more