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Aminu  Saeed Dasana

Venezuela sues currency website over claims of cyberterrorism - 2 views

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    Venezuela's central bank has filed suit in the US against a website widely used to track the plummeting black market value of the country's currency. In an unusual complaint filled with images, high-flown language and even links to journalists' personal websites, the bank alleged that managers of the site DolarToday are committing cyberterrorism and sowing economic chaos.
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    It is interesting how technology can be used for economic terrorism, its a factor that with the development of technology and the furthering of cyber banking systems is only likely to increase.
Stamenkovic Andjela

Business Newswires : euronews : the latest international news as video on demand - 0 views

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    The Chinese government hope on securing a place for the yuan in the basket alongside the U.S. dollar, the euro, the British pound and Japanese yen as part of its goal of raising the international profile of the currency. However, this may add a further depreciation pressure on the yuan, complicating Beijing's attempts to hold the currency stable without draining its foreign exchange reserves too rapidly.
Chung  Hon Man

Obama Administration Softens Criticism of China's Currency Policy - 1 views

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    The Obama Administration originally criticized China on the devaluation of the Yuan, saying that it was undervalued, meaning that China would have gotten a trade advantage over the other countries. China has since allowed others to have more control over the value of the Yuan and therefore the Obama Administration has softened it's criticism.
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    Great to hear how USA's critics on China's evaluation resulted, maybe that means the United States doesn't want to spark international tension with it's number one country for imports.
Weisman Khidra

Currency depreciation, inflation push Nigeria's debt stock above N12 trillion - 0 views

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    Nigeria is experiencing currency depreciation, losing the value of it's currency. Its debt will be raised, which is already large due to foreign lending. The loss of value can also be attributed to its central banks deliverate devaluation as a result of trying to set an exchange rate.
Sinmaz Sinem

Ukraine's Central Bank Limits Access to Foreign Currency - WSJ - 1 views

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    The artcle from last year talks about the effects of war in Ukraine's financial stability. Ukraine's financial crisis deepened, as the National Bank drastically limited access to scarce foreign currency in a fresh effort to halt the hryvnia currency's free fall, and Russian President Vladimir Putin threatened to halt gas deliveries. The National Bank introduced a three-day ban on foreign-exchange purchases by companies through banks, and limited purchases by banks to 0.5% of their capital.
markobulatovic

Falling oil prices trigger Japan trade surplus for October - 1 views

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    Japan racked up a trade surplus last month as exports of cars, computers and other goods grew, while imports dipped on falling oil prices. Government data released Thursday showed that the trade surplus totaled 111.5 billion yen ($903 million) in October.
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    This article talks about the Japan trade Surplus which was present in October 2015. According to the Article because of further exports of cars and electronic devices and a reduction in the import of oil the nation is now facing a surplus in October, which is a positive.
Benndorf J

S. Korea's terms of trade gain on weaker import prices in Nov. - 0 views

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    South Korea's terms of trade continued to improve from a year earlier in November, but largely because import prices dropped at a faster clip than export prices, central bank data showed Thursday.
markobulatovic

Brazil Real Rises as China Intervention Bolsters Terms of Trade - 0 views

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    This article talks about the real gained as China stepped up efforts to buttress the yuan, improving the outlook for Brazilian exports, and after Brazil's government reiterated its commitment to meeting the fiscal target. China's central bank said it will impose reserve-requirement ratios on yuan deposited onshore by overseas financial institutions from Jan.
markobulatovic

Sri Lanka tops South Asia in human development - 2 views

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    Sri Lanka has maintained its high ranking in human development. But the country's performance in terms of average annual human development index (HDI) growth rate during 1990-2014 was lower than many other South Asian countries. These findings are among the highlights of the Global Human Development Report (HDR) 2015 released by the UN Development Programme (UNDP) here on Thursday.
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    This article talks about howe Sri Lanka has maintained its high ranking in human development. But the country's performance in terms of average annual human development index growth rate during 1990-2014 was lower than many other South Asian countries.
Benndorf J

Finance and insurance dominate foreign direct investment flows - 0 views

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    Foreign direct investment in Malta reached €5.2 billion during the first six months of 2015 an increase of €3 billion over the corresponding months in 2014. Financial and insurance activities accounted for 98.1 per cent of FDI flows in Malta.
Aminu  Saeed Dasana

Holness prioritises economic growth and debt reduction - News - 0 views

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    KINGSTON, Jamaica (JIS) - Prime Minister Andrew Holness says the newly installed Government has as its priority, the growth of the economy, creation of jobs and reduction of public debt. He was addressing the swearing-in ceremony for Cabinet ministers at King's House yesterday.
Sinmaz Sinem

Sharp Drop in Currency Adds to Growing List of Woes in Brazil - The New York Times - 0 views

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    The weakness in the real is causing companies to delay plans, and the market for initial public offerings has been effectively frozen. The country is in political turmoil and president Dilma Rousseff struggles to get a budget through Congress. The real has fallen 33% this year against dollar and this had huge effects on domestic companies. These are talked through this article
markobulatovic

Bitcoin Prices Jump - Virtual Currency Has Doubled In Value Since Its Crash, Inching Cl... - 0 views

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    This Article talks about the change in Bitcoin prices. The currency has more than doubled its value since January. And is reaching prices of 500 dollars for one bitcoin to which it was equivalent before. It is very interesting to look at the ways a virtual currency is not stable and becomes stronger or weaker.
Kim Jihyung

India ranks 130 among 188 countries in Human Development Index in latest UNDP report - ... - 0 views

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    This article describes India's human development index, giving stark contrast between its growing influence on global economy and surprisingly bad quality of life of its citizens.
Benndorf J

Russia's seafood import ban, bogus labeling hurt Alaska fishing industry - 0 views

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    The Russian prohibition on the importation of seafood products from the United States, the EU, Canada and others has a lot of unknown consequences, and will have a significant impact on the U.S. seafood industry.
Aminu  Saeed Dasana

Siemens ready to work with Russian Railways on international projects - 0 views

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    MOSCOW, February 11. /TASS/. Siemens is ready to cooperate Russian Railways on international projects, President and CEO at Siemens Russia Dietrich Moeller told journalists Thursday after the meeting with Russian Railways President Oleg Belozerov and representatives of the Association of European Businesses.
Sinmaz Sinem

US international trade gap at $48.3 billion in Aug vs $47.4 billion expected - 0 views

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    The article talks about the huge increases in US's trade deficits. The size of the gap is higher then ever seen before and the increase is huge with a 15.6 percent. The article also talks about China's effect in imports and US currency
Aminu  Saeed Dasana

South Korea to Offer 'Panda Bonds' in China Onshore Markets - 0 views

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    DOW JONES, A NEWS CORP COMPANY News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.
Sinmaz Sinem

U.S. trade deficit widens as exports sag, imports from China surge| Reuters - 0 views

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    U.S. exports took a hit from an ailing global economy in August and imports from China surged, fueling the largest expansion of America's trade deficit in five months.
Sinmaz Sinem

Europe and US pledge to create world’s biggest trading bloc - Telegraph - 1 views

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    The European Union and America are to open negotiations with the aim of creating the world's biggest free trade area worth €86bn (£75bn) within two years.
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