Source: BDNews 24 Banks in the United Kingdom and the United States are not accepting transactions made through the Islami Bank Bangladesh Limited, President of the BGMEA said on Thursday. In the backdrop of the unprecedented problem, apparel sector’s apex body has requested Bangladesh Bank Governor Atiur Rahman to resolve […]
Source: Spiegel. Should the Cypriot bailout become a model for the future? The mere suggestion sent markets tumbling last week. But increasing numbers of European politicians would like to see bank shareholders and investors bear a greater share of crisis risk. The EU may be changing its strategy. By SPIEGEL […]
Russian TV: IMF confirmed that the AUD and CAD will appear as reserve currency within three months. This emphasizes the spiraling demand for additional reserve currencies and the New Zealand […]
Source: BDNews24. Islami Bank has sought assistance from the Bangladesh Bank as it has plunged into a massive crisis in the wake of calls by activists of the Shahbagh movement to severe relations with any institution having links with war criminals. The call by the activists drew huge response with […]
Russian TV: Germany’s central bank is set to reclaim some of its vast gold reserves held in the US and France. The move follows an audit criticizing Bundesbank for mismanagement, […]
Source: flickr from Yahoo-Tweet by Ayesha Malik
LONDON (CNNMoney) — The European Commission has approved Spain’s plans to restructure four of its weakest banks, clearing the way for them to receive nearly €37 billion in fresh capital from the eurozone’s bailout fund. All four banks were nationalized to prevent them collapsing after Spain’s property bubble burst, leaving […]
LONDON (CNNMoney) — European finance ministers concluded a marathon meeting Wednesday without finalizing the details of a debt-reduction package for Greece. The absence of an agreement endangers the release of the next round of Greece’s international bailout package, funding the country needs to remove the threat of bankruptcy and […]
Source: Huff Post. By Muhammad Yunus, Nobel Laureate in Economics The current financial crisis makes it very clear that our current financial system is not sustainable. This is the opportune time […]
Businessinsider.com: The buzz about currency wars and currency manipulation is back. In the last presidential debate, Mitt Romney called China “a currency manipulator for years and years,” and said that he would label […]
Express Tribune: Pakistan dropped 3 places to rank at 107 in the World Bank’s ‘Ease of Doing Business’ index for 2013, according to data released on Tuesday. In the South Asian region, however, Pakistan ranked third, below Sri Lanka and the Maldives, and left Bangladesh and India trailing behind at […]
Whether you like it or not, we are now doing business in a boundless world; the Internet has made geographical location irrelevant when it comes to get things done. You […]
Businessinsider.com: Here’s a finding that would have made for great occupy sign last year: American income inequality may be more severe today than it was way back in 1774 — even if you factor in slavery. That stat’s not actually as crazy (or demoralizing) as it sounds, but it might […]
South Pacific dollars continue raising against greenback – A World Street Journal Report Sep 14, 2012 03:11 PM Friday saw the monetary unit of Australia push to its highest value in four weeks against the U.S. dollar as the world’s reserve currency reeled in the aftermath of Fed chief Ben Bernanke announcing […]
THE Reserve Bank of Fiji believes the economy is on track to grow 2.7 per cent this year because of the economic performance in the first six months. While releasing its economic review for the month of August, the central bank said that despite the heightened risks in the global […]
The Star: There’s an in-demand MBA course at the University of Toronto’s Rotman School of Management that essentially teaches back-to-basics banking for Canadian businesses. Students who enroll learn the merits […]
Russian TV: Moody’s recent step to cut the eurozone’s outlook has become another sign for investors as well as for other European countries to stay away from the troubled group. […]
What’s Facebook stock really worth? If the social network can return to the margins it enjoyed before its IPO, we’ll be looking at a company with solid opportunities for continued growth I first predicted the social boom’s bust in June 2011 in a column at Seeking Alpha. I even called […]
Daily Telegraph: Reports that the New York Department of Financial Services is getting ready to stretch Standard Chartered Bank on the rack of truth will come as no surprise to […]
Source: ISDB Each winner receives a cash reward of US$100,000 along with a trophy and a certificate. The IDB established the Prizes in 1422H (2001G) to acknowledge and encourage the achievements of […]