Hong Kong’s Islamic finance goal boosted by Basel III rules Sukuk demand seen as rising as Islamic banks seek alternative to interest-paying bonds under regulatory need for more high-quality equity Enoch Yiuenoch.yiu@scmp.com Davide Barzilai, of law firm Norton Rose Fulbright, says the government’s timing is right for the launch of […]
Hong Kong’s Islamic finance goal boosted by Basel III rules Sukuk demand seen as rising as Islamic banks seek alternative to interest-paying bonds under regulatory need for more high-quality equity Enoch Yiuenoch.yiu@scmp.com Davide Barzilai, of law firm Norton Rose Fulbright, says the government’s timing is right for the launch of […]
by Ariane Gigon in Zurich, swissinfo.ch December 9, 2013 – 11:00 Residents of villages in canton Zurich are putting morals before money by voting to return tax windfalls from commodities giant Glencore to the countries where they were generated, such as the Democratic Republic of the Congo or Colombia. In […]
K A B I R H E L M I N S K I T H R E S H O L D S O C I E T Y Dear Koya, I have never before offered my HuffPost blog to friends on our Threshold Society […]
Source: BBC News Green rice paddies surround the dusty, narrow road to the heart of Kalai, a village six hours north of Dhaka, in Bangladesh’s Jotpurhat district. Children play naked, hanging off stringy bits of bamboo that hold up the makeshift hut they live in. They, like millions of other […]
The term the Great Game referred to the strategic rivalry between the British and Russian empires in Central Asia. Today’s great game is the battle for economic survival in a world of low growth. As economic nationalism reasserts itself, reducing free trade in goods and service and free movement of […]
By Abdur Rahim Harmachi Chief Economics Correspondent, bdnews24.com For the first time, the central bank’s foreign exchange reserve has remained above $15 billion-mark after paying dues of the Asian Clearing Union (ACU). The reserve had come down to $14.78 billion after clearing ACU’s $718 million on Monday. Bangladesh Bank’s Forex […]
By Rahim M. Quazi A complex array of hurdles, compounded by political instability, is posing a formidable hurdle to Bangladesh’s achieving economic prosperity. The post-independence political frontier in the South Asian nation has been extremely turbulent. Two elected heads-of-state were killed by army coups, nearly 25 unsuccessful coups were staged, […]
Source: BD News 24 By Abdur Rahim Harmachi, Bangladesh’s economy has achieved an average growth of over 6 percent over the past five years primarily due to the healthy flow of remittance and rising exports. Both exports and remittance flow from expatriate Bangladeshis have doubled over the last five years despite […]
Huff Post:Just Economics: By Ron Nikkel: The Spirit of the Lord is upon me… He has sent me to preach good news to the poor, to proclaim release to the prisoners […]
Source: Moneyning.com by VINCENT KING You look out the window of your home each night after dinner, staring across the street at your neighbors. You long for their fancy cars, their manicured lawns, and even the vacations they seem to take several times a year. You’re not alone. I […]
Poor Would Be First to Barrel Over Fiscal Cliff Story tools New America Media, Commentary, Earl Ofari Hutchinson, Posted: Dec 27, 2012 LOS ANGELES–President Obama took much heat a year ago when he floated a series of proposed budget cuts that would have slashed programs for the poor. The cuts would have reduced funding […]
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 […]
Source: Herald Scotland By Steven Vass Professor Muhammad Yunus paces into the room with the quiet dignity befitting his status. This is the father of micro-finance, the founder of the Grameen Bank, which lends money to severely poor people to start businesses. Originated in his native Bangladesh in the 1970s, it […]
Global Post: BERLIN, Germany — Three years into the global financial crisis, multinational companies that had made huge profits during the consumer boom that preceded it faced a major dilemma: people were no longer buying the expensive premium products that once sold well in Europe. That was the complaint from […]
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 […]
Source: CNN Money NEW YORK (CNNMoney) — The man responsible for creating Citigroup — the world’s first financial supermarket — said Wednesday that the nation’s largest banks should be broken up in order to protect taxpayers. Former Citigroup chairman Sandy Weill — who engineered a series of corporate takeovers and […]
Daily Telegraph: Paul Tucker told MPs that Barclays’ abuse of the Libor system may be only one part of the banks’ dishonesty over crucial financial information, suggesting that other markets […]
New York Times: ………As a two-day NATO summit meeting opened in Chicago, Mr. Obama remained at loggerheads with PresidentAsif Ali Zardari of Pakistan, refusing even to meet with him without an […]