Search Results for: SME
Islamic Corporation for the Development of the Private Sector (ICD) signs two MoUs in Washington DC
October 16th, 2014
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), and the Small Enterprise Assistance Funds (SEAF), a US-based international financial institution mandated to promote economic development ...
Further German economic slowdown is expected
October 14th, 2014
The ZEW Indicator of Economic Sentiment for Germany drops by 10.5 points in October 2014 and now stands at minus 3.6 points (long-term average: 24.5 points). Decreasing for the tenth consecutive time, the index has returned to negative territory ...
Italy on Sale to Chinese Investors as Recession Bites
October 13th, 2014
Clotilde Narzisi and Luca Soliman have run the Caffe Orefici, 200 feet from Milan’s iconic Duomo Cathedral, for 10 years. Forced to sell their business because of high taxes, they say their only hope now is to leave it ...
Statoil sells Shah Deniz stake for $2.25 billion to Petronas
October 13th, 2014
Norway’s Statoil (STL.OL) has sold its remaining 15.5 percent stake in the Azeri gas project Shah Deniz to Malaysia’s Petronas for $2.25 billion, the latest in a string of asset sales made to shore up returns to shareholders. ...
Financial Education for Entrepreneurs: How to get it right?
October 10th, 2014
Financial education needs a coordinated and integrated approach and to be taught as early as possible. More and better synergies among all players in the financial environment – but not only- are needed, but it is also important to ...
Tax debts regulations ( UK pounds)
October 9th, 2014
Regulations introducing a graduated scale for recovery of tax and tax credit debts through a taxpayer’s PAYE code have been laid before Parliament. The measures, introduced following consultation, will permit more debts to be collected in a “relatively simple, ...
Alcoa Earnings Rebound as Aluminum Use Rises in Autos
October 9th, 2014
Alcoa Inc. (AA), the largest U.S. aluminum producer, reported its highest earnings in three years after prices rebounded and demand increased from car, truck and plane makers. Profit excluding one-time items was 31 cents, the New York-based company said ...
Judge finds Argentina in contempt in bond payment case
September 30th, 2014
For more than a year, Judge Thomas P. Griesa of Federal District Court in Manhattan has warned that Argentina would suffer repercussions if it defied his orders regarding payments to bondholders. On Monday, the judge put some teeth behind ...
German Companies continue their business activity
September 23rd, 2014
A rare bright spot in the European economy in recent years, many of the biggest German companies have begun capitalizing on their strength, striking big deals for overseas competitors. Germany’s businesses have been the rare bright spot in the ...
Draghi Loan Plan Missing Estimates Hampers ECB Stimulus
September 19th, 2014
Mario Draghi is facing renewed pressure to implement quantitative easing after banks borrowed less than estimated in the European Central Bank’s first targeted-loan offer. The Frankfurt-based ECB lent 82.6 billion euros ($106.5 billion) to euro-area banks at a fixed ...
