Depth in Africa’s Transformation

Africa is growing fast but transforming slowly. This is the message of the 2014 African Transformation Report, launched last week by the African Center for Economic Transformation (ACET). Africa is growing fast but transforming slowly. This is the message of...

Building personal brand equity

The Islamic Finance Council (IFC) UK and Scottish law firm Tods Murray are leading the initiative. Islamic and ethical finance are closely related and the sector is growing rapidly. The Islamic Finance Council (IFC) UK and Scottish law firm Tods Murray are leading the...

Building personal brand equity

The Islamic Finance Council (IFC) UK and Scottish law firm Tods Murray are leading the initiative. Islamic and ethical finance are closely related and the sector is growing rapidly. The Islamic Finance Council (IFC) UK and Scottish law firm Tods Murray are leading the...

Mark Carney’s Forward Guidance

Taking a cue out of the Fed, Bank of England (BoE) Governor Mark Carney said the bank will not consider raising interest rates until the jobless rate has fallen to 7 percent or below. Mr. Taking a cue out of the Fed, Bank of England (BoE) Governor Mark Carney said the...

Capital of the Free World Closes

For the first time in 17 years, the U.S. Government began a partial shutdown putting up to 1 million workers on unpaid leave, closing national parks and stalling medical research projects. For the first time in 17 years, the U.S. Government began a partial shutdown...

Enron: America’s Greatest Business Debacles

December 2nd, 2001 was one of the darkest days in the history of The Wall Street, one of America’s biggest energy company declared bankruptcy, investors lost billions of dollars, the company’s share price plummeted to $ 1 per share after being traded at $...

France Gets Tough on Corporates

France has approved a law that will prevent online book retailers, including Amazon, offering free deliveries of discounted books, in a bid to protect the country’s struggling traditional bookshops. France has approved a law that will prevent online book...

Herstatt Risk- Systemic Risk in the Forex Market

The world has seen failure of banks and corporates due to creative accounting strategies such as Repo-105 in case of Lehman Brothers, transferring accumulated losses to SPE’s (special purpose entities) in Enron’s case and using off-balance-sheet...

Sound Fundamentals Strengthen Kuwait’s Real Estate Market

Kuwait is classified as a high income economy by the World Bank and designated as a major non-NATO ally of the United States of America. Petroleum products contribute for nearly 95 percent of export revenues and 80 percent of government income, it also the eleventh...

Impediments to the Growth of Islamic Finance

The 9th World Islamic Economic Forum or WIEF would be held from October 29th to 31st at ExCel London in the United Kingdom, first time outside the Muslim world. The 9th World Islamic Economic Forum or WIEF would be held from October 29th to...

Obama Reluctant to Bailout Detroit

Earlier this month, Treasury Secretary Jack Lew made it clear that Detroit had to resolve its own problems through the bankruptcy court , speaking on ABC News ‘  “This Week” program, he said that “ when it comes to the questions between...

Lebanon- Hope Amidst Chaos and Turbulence

With a total area of 10,452 square kilometres, Lebanon is bordered by the war ravaged Syria to the north and Israel to the South, the war in Syria has forced more than 1.2 million Syrians to enter safer places such as Lebanon; the number of refugees has reached 18,000...

Capital Adequacy in Banks

Earlier in June, BBC reported that The Prudential Regulation Authority (PRA) had said Britain’s top banks and building societies had to fill £ 27.1bn shortfall in their balance sheets. Earlier in June, BBC reported that The Prudential Regulation Authority...

Nigeria to Spread its Wings in Sharia Banking

Nigeria, which has the largest population in the sub Saharan Africa is trying to establish itself as the African hub for Islamic finance. In recent months, a series of regulatory initiatives have set the groundwork for products such as Islamic bonds (sukuk), insurance...

Raise in Industrial Output Signal Hopes for Eurozone Recovery

The Eurozone which is battling economic recession may finally see a light at the end of a very long tunnel, the euro zone industrial output picked up as manufacturers in Germany and France started to ramp up production to meet stronger demand. The Eurozone which is...

Understanding Capital Markets

Capital markets bring together companies looking for money with investors who have money to invest. Companies need money for expansion and diversification which is very much essential due to cut throat competition in almost all sectors, companies need money to grow,...

Conventional Financing Vs Islamic Finance

Islamic finance is a financial system that operates according to “Sharia” principles. Sharia, which is an Arabic term, means, “The way to the source of life” It has all the features of a conventional financial system such as capital markets,...

LPL Financial LLC, fined $ 9 million for E-mail Violations

LPL Financial LLC, the U.S. based wealth management advisory firm, with over 13,300 advisors must pay a total of $ 9 million as fine to the Financial Industry Regulatory Authorities (FINRA). They have been fined for significant e-mail system failures and giving false...

Spain’s Economy Plummets

The GDP of Spain has fallen by another 0.5 % this year. There is no hope of its recovery until the end of this year. The country’s is headed to recession, yet again. There has been a slowdown in consumer spending, rise in unemployment and predictions of further...

Cosco Capital raises P16.8B through follow on stock offering

Retail Conglomerate Cosco Capital Inc., belonging to grocery and logistics magnate Lucio Co, has raised a capital of $ 400 million (PH 16.8 billion) in a 1.6 billion international share sale at P10.50 per piece. In a briefing, Cosco Capital President Leonardo Dayao...

LPL Financial LLC, fined $ 9 million for E-mail Violations

LPL Financial LLC, the U.S. based wealth management advisory firm, with over 13,300 advisors must pay a total of $ 9 million as fine to the Financial Industry Regulatory Authorities (FINRA). They have been fined for significant e-mail system failures and giving false...

Spain’s Economy Plummets

The GDP of Spain has fallen by another 0.5 % this year. There is no hope of its recovery until the end of this year. The country’s is headed to recession, yet again. There has been a slowdown in consumer spending, rise in unemployment and predictions of further...

Cosco Capital raises P16.8B through follow on stock offering

Retail Conglomerate Cosco Capital Inc., belonging to grocery and logistics magnate Lucio Co, has raised a capital of $ 400 million (PH 16.8 billion) in a 1.6 billion international share sale at P10.50 per piece. In a briefing, Cosco Capital President Leonardo Dayao...

Gas Fields and Football World Cup Drive Qatar Economy

Qatar is a peninsula in the Persian Gulf, about the size of Connecticut, sharing a border with Saudi Arabia. The sea side city of Doha is the capital and where most of the population resides, it’s a futuristic looking city where sky scrapers mingle together like...

ICBC is New Banking Emperor

Industrial and Commercial Bank of China (ICBC) has gone past a pair of U.S. banks to top a global ranking of banks with the most capital, highlighting the growing size and importance of Chinese lenders. ICBC topped the annual list of a prominent magazine of the top...

Greece Receives Financial Lifeline from Troika

Greece’s perseverance to follow with the austerity plans and economic reforms has finally succeeded with the battered European country getting a fresh source of aid from the International Monetary Fund.  European governments have agreed to release 3 billion...

London to Capitalize on Thriving Islamic Finance Market

London is working hard for an increased share of the global Islamic finance market as the sector expands to a forecast $ 1.6 trillion in assets over the next three years. Boris Johnson, Mayor of London, said there were “huge opportunities” to strengthen...

Hedge Funds as a Socially Responsible Investment

Hedge funds are experiencing rapid growth, often referred to as an exclusive corner of the professional investment community it is little more than a mystery to most market watchers. Hedge fund industry is worth $ 2.4 trillion and are a ‘pool group of...

The Rise of a Telecom Billionaire

“Money can’t buy happiness, but it can buy you the kind of misery you prefer” goes an old adage.  It explains the indispensability of money in general and its impact on our lives in particular.  In this exclusive story, International...

U.S. Housing Bubble Inflates

U.S. home prices have jumped in April, racking up their biggest gain in seven years in a sign of growing momentum in the housing recovery. This is despite the mortgage rates inching up every day which has not dampened the morale of home buyers. The monthly data from...

UK Pension Fund Rises

Rising bond yields have led to the biggest ever improvement in the fortunes of the UK’s pension schemes and also aided by a sharp fall in the liabilities, which move in the opposite direction to interest rates. The Pension Protection Fund, the industry funded...

Pensioners Living on ‘Pocket Money’ as Savings Recede

Nearly two million retired adults in the UK have less disposable income than the average 11 year old as a savings crisis creates a generation of “pension paupers”. A new survey said 15 percent of men and women in retirement have an income of less than...

U.N. Seeks $ 5 Billion Aid for Syria

The U.N. has asked its donor countries for a $ 5.2 Billion aid to alleviate the sufferings of millions of Syrians suffering the effects of a conflict that has dragged on for more than 2 years with no signs of ending. The fund is estimated to help around 6.8 million...

Apple CEO, Tim Cook unapologetic on company’s tax strategy

In a dramatic display on how multinational companies are dictating taxation polices around the world, Tim Cook warned Congress he would refuse to repatriate a total of $ 100 billion stashed offshore, unless the government reduces the corporate tax rates from 35 %. to...

The vagaries of investment advisory industry

The world of wealth management brings its own challenges this year, to keep up with market forces, polices of Washington, technological innovations and new client demands. Independent Broker Dealers (IBD) are the new wave of breakaways to the RIA channel.  Lot of...