Thursday, Sep 19, 2024

International Finance

Tag : economy

Fintech

Facebook announces change in research policy

International Finance Desk
by International Finance Desk
This comes after they published a study that turned into a PR disaster IFM Correspondent October 3, 2014: After a study on people’s emotional behaviour carried earlier this year backfired, Facebook on Thursday announced that it has come up with a new review process for pre-approving research. The emotional contagion study published in June was...
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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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Economy

Portuguese economy surprises with good performance

International Finance Desk
by International Finance Desk
However, recovery is probably going to remain weak because its biggest hope were exports, but it is hard to see how, with the Eurozone slowing down Contrary to its big Eurozone peers, the Portuguese economy performed well in the second quarter. Real GDP grew by 0.6% quarter-on-quarter, bouncing back from the 0.6% contraction witnessed in...
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Economy

UK output finally exceeds pre-recession levels

International Finance Desk
by International Finance Desk
ING believes that BoE will end up tightening monetary policy sooner rather than later July 25, 2014: UK 2Q14 GDP growth has come in at 0.8%QoQ or 3.1% YoY, in line with market expectations. This is the fastest rate of annual GDP growth since 4Q 2007 and means that the UK economy has finally regained...
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Economy

India’s industrial output in May highest since 2012-end

International Finance Desk
by International Finance Desk
Independent survey of manufacturing sector indicates that uptrend continued in June with factory output expanding for the eighth successive month, reports Team IFM New Delhi, July 18: India’s industrial output grew to a 19-month high in May, topping analysts’ predictions and goading corporate India to talk of a recovery “on the anvil”, while an independent...
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Economy

French trade deficit widens in May, growth crawls

International Finance Desk
by International Finance Desk
Central bank keeps sentiment indicator for manufacturing sector unchanged below long-term average, reports Team IFM Paris, July 14, 2014: The slowdown continues to chase France, with official data showing its trade deficit widening in May compared to the preceding month as imports rebounded, confirming findings of an independent survey that said the world’s fifth largest...
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Economy

Germany’s trade surplus widens, but exports fall

International Finance Desk
by International Finance Desk
Euro zone’s largest economy also sees manufacturing turnover fall 1.9 percent in May, reports Team IFM Wiesbaden, July 14: Germany saw both exports and imports falling in May compared to the preceding month, with the turnover of the manufacturing sector too taking a tumble, official data released on Tuesday showed, reflecting a slowdown and endorsing...
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Economy

Germany’s industrial production plummets in May

International Finance Desk
by International Finance Desk
Latest official data reflect grim tidings of independent reports that said business conditions were less rosy than painted, reports Team IFM Wiesbaden, July 10, 2014: Germany, the Euro zone’s largest economy, saw its industrial production go down at its quickest clip in two years in May, challenging government claims that the economy was fast on...
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Economy

FIFA World Cup fails to lift Brazil, shows apex bank data

International Finance Desk
by International Finance Desk
Monthly budget deficit in May almost touches all-time high while HSBC survey signals further deterioration in factory sector, reports Team IFM Sao Paolo, July 9: Brazil’s dalliance with  fiscal instability continued in May, data released by the country’s central bank on July 1 shows, sinking hopes that the ongoing FIFA World Cup would lift it...
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