Tunisian Prime Minister Habib Essid has lost a confidence
vote in parliament, after just a year and a half in office. A total of
118 MPs yesterday voted to unseat the Tunisian PM, three voted for him to stay
at the helm and 27 abstained. Essid's government has been widely criticised for
failing to tackle the country's
Showing posts with label International BANKING. Show all posts
Showing posts with label International BANKING. Show all posts
Monday, 1 August 2016
Friday, 22 July 2016
Brics bank holds first annual meeting, taking stock of year’s operations
THE New Development Bank (NDB) held its first annual meeting on Thursday, attended by Finance Minister Pravin Gordhan in Shanghai, China. There, it took stock of its first year of operations, according to the Treasury. The bank, which is a Brics-led initiative, was established in 2014 and became operational in July 2015. In May last year, Indian private banker KV Kamath was appointed to head the institution. The
Wednesday, 20 July 2016
World Bank Group President Appoints Paul Romer as Chief Economist
WASHINGTON, July 18, 2016—World Bank Group President Jim Yong Kim today announced the appointment of Paul Romer as World Bank Chief Economist. Mr. Romer is a widely respected economist and a successful entrepreneur who joins the Bank at a critical time when the field of development is transforming under the forces of rapid technological change, globalization, and demography. “We're thrilled
Monday, 4 July 2016
Exam-Oriented-Current-Affairs-Dated-04-07-2016-www.KICAonline.com-english
Exam-Oriented-Current-Affairs-Dated-04-07-2016-www.KICAonline.com-english
CHANDIGARH: Braveheart
flight purser late Neerja Bhanot was conferred the 'Bharat Gaurav Award' at a
function at the House of Commons in London, a spokesman said in Chandigarh on
Sunday. The award, instituted by Sanksriti Yuva Sanstha -- a
Jaipur-headquartered NGO with an international presence, was received by
Neerja's brothers Akhil
Saturday, 2 July 2016
RBI permits J.P. Morgan to open 3 more branches
While other lenders are paring down operations, J.P. Morgan seems to be in an expansion mode.The Reserve Bank of India (RBI) has allowed J.P. Morgan Chase to open three more branches in the country, the lender said on Friday which will enable the U.S-based bank provide better services to its clients in India and overseas, according to a top official. “We are very excited with the overall growth
Thursday, 30 June 2016
Exam-Oriented-Current-Affairs-Dated-30-06-2016-www.KICAonline.com-english
On the occasion of the visit
of the World Bank President to India, the Interim Administrative Cell of the
International Solar Alliance (ISA Cell) and the World Bank declared their
intention to promote solar energy globally. The declaration was signed &
exchanged by Shri Upendra Tripathy, Secretary, Ministry of New and
Renewable Energy and Chairperson, ISA cell and Mr Onno Ruhl, India Country
Monday, 27 June 2016
Lending agency AIIB approves first batch of loans
Asian Infrastructure Investment Bank or AIIB has approved 165 million U.S. dollars in loans for a Bangladesh project – the first batch of loan for the country from the China-led development bank. The banks Board of Directors approved its first 4 loans totaling 509 million U.S.dollars to finance 4 projects including that one of Bangladesh. Three of the 4 projects are co-financing operations with multilateral
Saturday, 25 June 2016
China-backed AIIB approves first loans
BEIJING: The China-backed Asian Infrastructure Investment Bank (AIIB) approved its first four loans totalling over half a billion dollars, it announced Friday, as it joined forces with putative rivals to finance projects across Asia. The Beijing-based AIIB has been viewed by some as a foe to the World Bank and the Philippines-based Asian Development Bank (ADB), which was founded in 1966. But three of its
Wednesday, 22 June 2016
Brazil's Rio state declares financial emergency
Brasilia: The Brazilian state of Rio de Janeiro has declared a financial emergency less than 50 days before the Olympics. Interim Governor Francisco Dornelles on Friday said the "serious economic crisis" threatens to stop the state from honouring commitments for the games, BBC reported. In a decree, Dornelles said the state faced "public calamity" that could lead to a "total collapse" in public services, such as security, health
Bank of India sells 18 per cent stake to partner Dai-ichi Life
MUMBAI: State-run Bank of India on Tuesday sold 18% stake in Star Union Dai-ichi Life Insurance Company to its Japanese partner for Rs 540 crore, valuing the company at Rs 3,000 crore. Following the transaction, Dai-ichi Life Insurance Company's share will go up to 44% and it will become the single largest promoter of the company. Bank of India's share will come down to 30% while Union Bank will continue to
YES Bank plans to raise $1 billion from international markets
SINGAPORE: With plans to raise $1 billion from international markets, private sector lender YES Bank is eying to setup an international branch here as a springboard to tap the Asian markets, its founder has said. YES Bank has become the first Indian bank to receive government approval for a fully fungible composite foreign investment limit of 74 per cent. Its Board of Directors has approved to raise an additional $1 billion
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