International Finance

Tag : Wealth Management

Islamic Banking

Tunisia gets $ 1.2 Billion Funding From Islamic Development Bank to ‘bolster’ its Economy

The North African Country has won a $ 1.2 Billion in funding from the Saudi based Islamic Development Bank with an aim to rejuvenate its agricultural and industrial sectors in general and its economy in particular. 18th June 2013 Tunisia has won a $ 1.2 billion in funding from the Saudi based Islamic Development Bank...
Banking

Andrew Bailey at the Society of Business Economists

Andrew Bailey, Deputy Governor, Prudential Regulation and Chief Executive Office, Prudential Regulation Authority. June 17,2013 : The financial crisis has provided hard lessons on what happens when the stability of the financial system is found wanting. It has reminded us how much we depend upon the supply of critical services from banks, insurers, investment firms, asset managers and...
Banking

‘Central Counterparties – what are they, why do they matter and how does the Bank supervise them?’

Financial market infrastructures play a crucial role in helping the economy and financial markets to function.  June  17,2013 :Financial market infrastructures lie at the heart of the financial system. They settle transactions and, by stepping in between buyers and sellers, ensure that financial obligations are met. Central counterparties (CCPs) – also known as clearing houses –...
Business Leaders

Can Jose “Maverick” Mourinho End Premier League Drought for Chelsea

Jose Mourinho proclaimed that he is “The Happy One” on his return to Chelsea, adding that he is calmer and a better manager than he has ever been. 17th June 2013 “Absence makes the heart grow fonder”, goes a popular adage. Jose Mourinho, the temperamental coach must have felt exactly the same when he was...
Fintech

The New Virtual Currency – Bitcoin

Bitcoin startups are beginning to raise sizeable investment capital despite warnings about potential regulation and incidents of hackers abusing the Internet virtual currency for profit. 15th June 2013 Everytime you spend bitcoins to buy a drink at Evr, a bar in Manhattan that accepts the digital currency, you make its co-owner, Charlie Shrem richer. This...
Economy

Euro business growth eases in May, ECB takes steps

Lacklustre growth characterised by a slowdown plagues the EU while its central bank tries to jack up inflation rate that teeters on the verge of deflation, report Team IFM Brussels, June 11: Euro-zone business growth slowed in May, but services output expanded at the strongest pace in almost three years, prompting the European Central Bank...
Economy

Brazil’s industrial output down in April

Manufacturing proves to be a drag on broader economic growth as Brazil tries to come to terms with a drop in production for the second straight month, reports Team IFM Rio de Janeiro, June 11: Brazil’s industrial production in April fell for the second month in a row, as output of capital goods and consumer...
Banking

HSBC is “Numero Uno” among European Banks

HSBC has gone past France and Germany’s largest lenders to take the top spot on a league table of Europe’s biggest banks as its assets grew to more than 2 trillion Euros ( £ 1.7 trillion).  June 11, 2013 : International Finance Magazine, reports on the rise of the bank, its rapid growth and its role...
Banking

RBA leaves rate unchanged at 2.5%

RBA chief Glenn Stevens has rightly configured the monetary policy to foster sustainable growth in demand and contain inflation, reports TEAM IFM Sydney, June 10: The Australian central bank has kept its key rate unchanged at 2.5 percent for the 10th straight month as a mining investment slowdown has impacted growth resulting in the need for...