Wednesday, Nov 20, 2024

International Finance

Tag : Trading and technology

Business Leaders

Flash Boys turns the heat on high-frequency trading

International Finance Desk
by International Finance Desk
The book by Michael Lewis claims that markets are rigged by high-frequency traders who take front running advantage on the orders placed by investors Jaya Smitha Menon September 3,2014:The old saying, ‘pen is mightier than the sword’, gets new validation. Recently, financial author Michael Lewis proved this adage right with his latest book Flash Boys:...
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Economy

In Nigeria, doctor treating Ebola patient dies

International Finance Desk
by International Finance Desk
This is the first death related to the disease reported from outside Lagos Samuel Okocha September 3, 2014: Last week, Nigeria reported its first Ebola death outside Lagos. A doctor died of the disease in the southern oil-rich city of Port Harcourt. The doctor was treating an Ebola patient who escaped quarantine from Lagos. The...
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Economy

Argentina’s electoral campaign kicks off

International Finance Desk
by International Finance Desk
Six presidential pre-candidates spelled out their political and economic program during Industry Day on September 1 in Buenos Aires Kamilia Lahrichi September 3, 2014: More than one year ahead of Argentina’s general elections in October 2015, six presidential pre-candidates spelled out their political and economic program during Industry Day on September 1 in Buenos Aires....
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Banking

Ukraine conflict: UK wants SWIFT punishment for Russian banks

International Finance Desk
by International Finance Desk
SWIFT is a crucial real-time gross payment system for cross-border transactions September 2, 2014: The UK will press EU leaders to consider blocking Russian access to the SWIFT (Society for Worldwide Interbank Financial Telecommunications) banking transaction system under an expansion of sanctions over the conflict in Ukraine, Bloomberg reported on Friday, August 29, citing an...
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Economy

Nigeria reports first Ebola death outside Lagos

International Finance Desk
by International Finance Desk
The victim is a doctor who was treating an Ebola patient Samuel Okocha September 1, 2014: Nigeria has reported its first Ebola death outside Lagos. A doctor died of the disease in the southern oil-rich city of Porthacourt. The doctor was treating an Ebola patient who escaped quarantine from Lagos. The patient survived, but the doctor...
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Business Leaders

Tim Hortons, Burger King join hands to create world’s third largest QSR company

International Finance Desk
by International Finance Desk
The combined entity will have approximately $23 billion in system sales, over 18,000 restaurants in 100 countries and two strong, thriving, independent brands August 28, 2014: Tim Hortons Inc. and Burger King Worldwide Inc. on Tuesday announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service...
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Business Leaders

China Radio launches contest to generate interest in Beijing

International Finance Desk
by International Finance Desk
Winners could get a free trip to the Chinese capital August 26, 2014: On August 20, Beijing Municipal Commission of Tourism Development and CRI Online jointly launched ‘Feeling Beijing’ Online Contest for Global Audiences in six languages — Chinese, English, German, French, Japanese and Korean. It enables people from around the world to answer a questionnaire in their native...
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Economy

Poverty keeps growing in Buenos Aires as Argentina wakes up in default

International Finance Desk
by International Finance Desk
Major setback for a country already suffering from devaluation of the peso, rampant inflation, slow growth, falling wages and widespread poverty Kamilia Lahrichi August 25, 2014: Standard & Poor’s decision to declare Argentina on “selective default” on July 30th is a disaster for Argentinians. The New York Court of Appeals condemned the South American nation...
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Economy

WTO rules against Argentina’s protectionism

International Finance Desk
by International Finance Desk
Says South American country’s import restrictions breach global trade rules Kamilia Lahrichi August 25, 2014: International pressure on Argentina is increasing as the World Trade Organization (WTO) ruled on August 22 that the South American country’s import restrictions breach global trade rules. The 170-page ruling sided with the European Union, the United States and Japan...
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Banking

Assets under management hit record high at Saxo Bank

International Finance Desk
by International Finance Desk
Client deposits have gone up by almost 10 billion Dkr. to over 60 billion Dkr. August 22, 2014: In the first half of 2014, Saxo Bank reached another record in assets under management, with client deposits exceeding 60 billion Dkr., an increase of almost 10 billion Dkr. equivalent to 19% in six months. Saxo Bank,...
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