Tag Archives: to

World Bank trims 2016, 2017 East Asia growth forecasts, cites risks to outlook

The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China’s growth prospects, financial market volatility and further falls in commodity prices. The Washington-based lender now expects the developing East Asia and Pacific (EAP) region, which includes China, to grow 6.3 ... Read More »

Ex-Barclays trader stood to gain $172.50 bonus from alleged Libor fixing, court hears

An ex-Barclays (BARC.L) trader accused of fixing a key financial benchmark for personal gain stood to earn a bonus of only $172.50 for his role in alleged rate-rigging in 2007, a London court heard on Friday. Adrian Darbishire, lawyer for Ryan Reich, one of five men on trial for conspiracy to defraud by manipulating U.S. dollar Libor rates between June ... Read More »

Nigeria may issue Chinese Panda bonds to help fund 2016 budget

Nigeria is considering a sale of Chinese Panda bonds to help fund a record budget aimed at reviving Africa’s biggest economy as it suffers a slump in global oil prices, the finance minister said on Saturday. The OPEC member, which is Africa’s No. 1 crude producer, could also dip into cash set aside for energy investment projects to help meet ... Read More »

Japan government, Toyota, Nissan to step up efforts on intelligent maps: Nikkei

Japan’s government and auto giants Toyota Motor Corp Nissan Motor Co will join in an effort to develop intelligent maps by 2018, the Nikkei daily said, as competition heats up to improve the technology key for autonomous driving. Japanese automakers, map-making companies, and the government will get together to generate standardized intelligent maps, with plans to incorporate driving data gathered ... Read More »

Britain urges China to speed up on cutting steel capacity

Britain asked China on Saturday to hurry up in tackling overcapacity in its steel industry, hoping to stem the flood of cheap imports into Europe which India’s Tata Steel (TISC.NS) has blamed for its decision to pull out of the United Kingdom, putting 15,000 jobs at risk. Tata put its entire UK business up for sale last month, including its ... Read More »

Tsipras demonises IMF to rally troops for bailout sacrifices

In Athens, walls have ears. The leaking of a conference call of International Monetary Fund officials on Greece’s latest bailout review has further undermined mutual trust in fraught debt talks, embarrassed the European Commission and infuriated the IMF and Germany. At stake are the IMF’s reputation as a stern enforcer of financial rescue programmes meant to make indebted states viable ... Read More »

How To Take Your Company’s Conversion Rates To A New Level

In this contemporary era, many company leaders are interested in ensuring that they can optimize their conversion rates. If this is one of your primary goals for 2016, it’s important to know that there are numerous strategies you can deploy to optimize your bottom line. Here are three of them: 1. Invest In Maintenance Services. If you’re serious about conversion ... Read More »

European Investment Bank to open regional office in Delhi by year-end

The European Investment Bank or EIB that supports long term investments for development projects in India will open a regional office for South Asia here by the end of the year to augment its operations in the sub-continent. Last week Werner Hoyer, the president of the European Investment Bank, announced that the world’s largest multilateral public bank would strengthen engagement ... Read More »

Time is running out to revive the global economy, warns IMF chief Christine Lagarde

Time is running out for policymakers to stop the scars of the 2008 financial crisis from eroding the social fabric of nations, the head of the International Monetary Fund has warned. Christine Lagarde said co-ordinated action was needed to prevent the global economy from slipping into a “new mediocre” of low growth that would be “hard to reverse”. While Ms ... Read More »

UK growth set to slow as Brexit fears leave business confidence ‘in the doldrums’

UK growth slowed in the first three months of the year as concerns about the global economy and the EU referendum left business confidence “in the doldrums”, according to a closely-watched survey. Markit said growth in Britain’s dominant services sector was “sluggish” in March, with new orders increasing at the slowest pace in more than three years. The Markit/CIPS UK services PMI rose ... Read More »