Sunday, Nov 17, 2024

International Finance

Tag : UK

FinanceWealth Management

You might want to consider investing in a classic car

International Finance Desk
by International Finance Desk
Especially with the financial markets still reeling from Brexit and an uncertain economic future ahead Alex Prindiville August 19, 2016: With the financial markets still reeling from Brexit, an uncertain economic future ahead and ultra-low interest rates the new norm, now is a perfect time to look at alternative avenues of investment. Classic cars and...
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Fintech

Rakuten Blockchain Lab to open in Belfast

International Finance Desk
by International Finance Desk
Launch follows IP asset acquisition from Bitnet Technologies, Ltd. August 18, 2016: Rakuten announced the opening of the Rakuten Blockchain Lab (R.B.L.) in Belfast, UK, planned for August 22, 2016. R.B.L. will be a dedicated research and development organization within Rakuten, focused on blockchain technology and its potential applications in the fintech and e-commerce sectors....
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Economy

Flying through the eye of a storm

International Finance Desk
by International Finance Desk
Expect UK to enter technical recession between second half of 2016 and first half of 2017 Jaspreet Sehmi August 2, 2016: In its first set of projections published since the UK voted to leave the EU, the IMF has downgraded its forecasts for global, eurozone and UK growth. In addition, the Fund says that the...
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Economy

‘Brexit will cut global economic growth by 0.1 per cent’

International Finance Desk
by International Finance Desk
Also, the referendum may distract EU decision makers from core areas Suparna Goswami Bhattacharya July 28, 2016: Almost a month after the UK decided to exit the European Union, economists around the globe have come out with data suggesting that the referendum has had a mixed impact on the global economy with certain areas getting...
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Economy

BOE keeps rates unchanged

International Finance Desk
by International Finance Desk
Move surprises many; however, cuts may take place in August IFM Correspondent July 15, 2016: In a move that has surprised many, Bank of England (BoE) has kept interest rates unchanged, despite widespread expectations that it was going to cut its benchmark rate in the wake of a June vote in the UK to leave...
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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,...
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Economy

Brexit presents big opportunities for the UK

International Finance Desk
by International Finance Desk
It will now be able to embrace more market-friendly policies Suparna Goswami Bhattacharya  July 13, 2016: While many of us would like to believe that the UK is in a mess, thanks to Brexit, what we all tend to ignore is the upside opportunities that Britain will now have. There are legitimate reasons to believe that...
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Economy

Post-Brexit, BoE may cut interest rate

International Finance Desk
by International Finance Desk
Move aimed at boosting the economy IFM Correspondent July 11, 2016: In order to provide a fillip to the economy post-Brexit, the Bank of England (BoE) is expected to cut interest rates to new historic lows on Thursday. Though a slowdown post-Brexit was more or less predicted, the bank may decide to take some measures...
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Uncategorized

Tata Steel to halt sale of UK assets

International Finance Desk
by International Finance Desk
Brexit has led to lot of uncertainty IFM Correspondent July 11, 2016: Tata Steel has put on hold its plan to sell its UK assets in the wake of Brexit and the uncertainty surrounding rules and regulations. The company is planning to postpone the sale until clarity emerges in UK regarding new rules. The board...
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FinanceWealth Management

Post-Brexit, Middle East property investors eyeing UK

International Finance Desk
by International Finance Desk
Deterioration in the value of the pound sterling has reduced property prices in London Suparna Goswami Bhattacharya July 6, 2016: Britain’s historic decision to leave the EU has sparked a period of volatility across the world’s financial markets. The pound sank to multi year lows against the dollar. David Cameron’s decision to step down has...
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