Browse Category

Finance- Page 32

IFC Issues First Green Masala Bond to Support Climate-Friendly Investments in India

1 min read

The FINANCIAL -- IFC, a member of the World Bank Group, issued on August 4th, a green Masala bond, raising 3.15 billion rupees—approximately $49.2 million—for private sector investments that address climate change in India. The bond, listed on the London Stock Exchange, is the first green bond issued in the offshore rupee markets. …

IFC Partners with Belarus to Boost Small and Medium Enterprises

1 min read

The FINANCIAL -- IFC, a member of the World Bank Group, and the Belarusian Ministry of Economy agreed to jointly improve the business environment for small and medium enterprises (SMEs) and support the growth of the private sector, key for Belarus’ sustainable development. …

ADB $200 Million Loan to Help India’s Axis Bank Finance Smallholder Farmers

1 min read

The FINANIAL -- The Asian Development Bank (ADB) has signed a $200 million loan with Axis Bank Ltd to extend finance to low-income smallholder farmers. …

IDC Zambia and IFC cooperate on fast-track development of two 50 MW Scaling Solar projects

1 min read

The FINANCIAL -- IFC, a member of the World Bank Group, has signed a memorandum of understanding with the Industrial Development Corporation of Zambia to explore development of two 50 MW solar PV independent power projects in Zambia through the Scaling Solar program. The projects would be Zambia’s first utility scale PV projects, providing competitively…

CEOs Less Optimistic about Global Economy for 2015

4 mins read

The FINANCIAL -- DAVOS, SWITZERLAND -- Fewer CEOs than last year think global economic growth will improve over the next 12 months, though confidence in their ability to achieve revenue growth in their own companies remains stable, say the more than 1,300 CEOs interviewed in PwC’s 18th Annual Global CEO Survey. …

Central Bank of Myanmar Hosts the Second Conference of the Committee for the Coordination of Financial Sector Technical Assistance

1 min read

The FINANCIAL -- On November 18, the Central Bank of Myanmar (CBM) hosted in Nay Pyi Taw the second meeting of the Committee for the Coordination of Financial Sector Technical Assistance to Myanmar (COFTAM), the group that was established on April 25, 2014. Participants included multilateral agencies-- Asian Development Bank, Consultative Group to Assist the…

Bank of Russia to limit currency swaps to stabilize Ruble

1 min read

The FINANCIAL -- The Bank of Russia said it decided to retain the limit on currency swaps in an effort to stabilize the ruble after the currency hit a record low against the dollar, according to Borsa Italiana Spa.…

NGL Buys Rimrock’s 50% Stake In Grand Mesa Pipeline

1 min read

The FINANCIAL -- Now owns 100% of pipeline (Il Sole 24 Ore Radiocor) - New York, 28 Nov - U.S. energy company NGL Energy Partners said it has executed a definitive interest purchase agreement with U.S. midstream energy company Rimrock Midstream to acquire Rimrock's 50% stake in Grand Mesa Pipeline. As a result, NGL now…

G20 must help financial services promote jobs and economic growth, says KPMG report

2 mins read

The FINANCIAL -- A new KPMG report has called for the G20 to focus on the role the financial services industry can play in creating jobs and stimulating economic growth. The report, Brisbane G20 summit: A new agenda for financial services, highlights that growth strategies already agreed by G20, such as increasing investment in infrastructure,…

Gap Inc. Reports October And Third Quarter Sales Results

1 min read

The FINANCIAL -- SAN FRANCISCO -- Gap Inc. reported that net sales for the four-week period ended November 1, 2014 were $1.26 billion compared with net sales of $1.29 billion for the four-week period ended November 2, 2013. For the third quarter of fiscal year 2014, Gap Inc.’s net sales were $3.97 billion compared with…

Globalization is recovering from financial crisis, DHL Global Connectedness Index reveals

1 min read

The FINANCIAL -- Global connectedness, measured by cross-border flows of trade, capital, information and people, has recovered most of its losses incurred during the financial crisis, according to the third edition of Global Connectedness Index (GCI), a detailed analysis of the state of globalization around the world released by DHL, one of the global logistics…

adidas Group Nine Months 2014 Results

2 mins read

The FINANCIAL -- During the third quarter of 2014, the adidas Group continued to deliver robust top-line results, according to adidas Group.…

PUMA’s Third Quarter Sales Improve

1 min read

The FINANCIAL -- PUMA’s 2014 third quarter sales performance was positive, as consolidated sales rose by 6.4% currency adjusted to € 843 million. This represents an increase of 3.7% in Euro terms, as continuing currency effects from various countries had a negative impact on sales, according to PUMA SE.…

ICC warns enhanced tax dispute resolution mechanism needed to prevent exacerbating double taxation

2 mins read

The FINANCIAL -- ICC has expressed concern that the Organization for Economic Co-operation and Development (OECD) Action Plan on combating Base Erosion and Profit Shifting (“BEPS”), mandated by the G20, may inadvertently incur severe collateral damage on compliant taxpaying companies of all sizes as a result of well-meaning measures undertaken unilaterally by states to mitigate…

ICC adopts new set of rules for dispute resolution in trade finance

2 mins read

The FINANCIAL -- The International Chamber of Commerce (ICC) Banking Commission unanimously adopted revised rules for Documentary Credit Dispute Resolution by Expertise (DOCDEX), according to ICC.…