Pakistani finance minister to resign
Pakistani Finance Minister Shaukat Tarin is to step down this week to focus on his private banking interests, according to reports, following speculation that he would resign. Tarin, who negotiated an IMF loan in 2008, was not immediately available for comment. In March 2008, a consortium comprising the International Finance Corporation, Bank Muscat, Nomura and […]
Bernanke has some explaining to do
The head of the central bank heads to Capitol Hill on Wednesday and Thursday for twice-yearly testimony, fulfilling a long-time practice. Normally, the main topic is the state of the economy. This time, Bernanke will also have to answer why he decided to spring a surprise on financial markets last week by raising the interest […]
Brokering the mould
Keeping it people-focused, maintaining integrity at all times and innovating along with the changes in the market – these are the ingredients that make Al Ramz Securities, LLC or RAMZ one of the strongest independent brokerage companies in the UAE since its inception in the late 90s. RAMZ has matured along with the growth of […]
Irish “bad bank” transfers delayed until end March
Ireland will transfer the first loans to the National Asset Management Agency (NAMA) “bad bank” by the end of March, missing its latest deadline of late February, as it waits on European approval to begin the scheme. Finance Minister Brian Lenihan has said work valuing the total loans initially worth 80 billion euros ($109bn) was […]
Powering infrastructures
The world economy is in a very delicate phase and the effects of the financial crisis will continue to be seen for some time to come. Despite the high degree of uncertainty, the most recent forecasts offer hope that the worst has passed and that the conditions for recovery are strengthening, partly thanks to the […]
Fed seeks to calm markets after discount rate rise
US Federal Reserve officials moved to calm speculation that a surprise rise in its emergency lending rate could bring forward broader policy tightening, saying borrowing costs in the economy would stay low. Fed Chairman Ben Bernanke flagged the move last week, saying the US central bank aimed to widen the spread between its main policy […]
Congo inflation seen 15% at year end
Democratic Republic of Congo’s inflation rate will fall to a target of 15 percent by the end of the year despite new figures that put it at more than twice that, its central bank has said. The bank’s monetary policy committee (MPC) said annualised inflation was 38.7 percent in the second week of February, down […]
A day in the lifeÖ
It is Sunday evening in Warsaw. People are still enjoying their weekends in big malls and fancy restaurants across the city and commuters are crowded on the roads to the city. Most of the sky-scraper aspirants in the centre are still asleep but there are few lights already on at the Warsaw City Gate building. […]
A case for corporate governance
The corporate governance agenda has received great prominence during the past two decades. Many think of this as the next best thing after international accounting standards. But why is good governance so important? Share ownership structures and management structures have changed dramatically over time. Moving from family owned businesses to public companies, and the separation […]
Advancing the FX platform
The majority of transactions have traditionally been made by phone, but the development of the internet and sophisticated trading software means that more and more people now have access to the world of forex trading from the comfort of their own homes. World Finance spoke to Nick Bang of ACM about the challenge of redefining […]
