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Tag Archives: investment

Sri Lanka Finance Minister chair of G-24; calls for freer trade, investment

SLFM

COLOMBO: Sri Lanka’s Finance Minister Mangala Samaraweera assumed the Chairmanship of the Group of Twenty-Four (G-24) has called for freer trade and private sector investment. “Experience has shown that growth in output alone is not enough to improve the welfare of the people,” Minister Samaraweera said at the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24), was ... Read More »

India to grow at 7.6% in FY’17, GST to boost trade, investment

credit growth

MUMBAI: The near-term growth outlook for India seems brighter than last fiscal and the economy is likely to expand at 7.6 percent in 2016-17, the Reserve Bank said Monday. “Overall GVA (gross value added) growth is projected at 7.6 percent in 2016-17, up from 7.2 percent last year,” RBI said in its Annual Report 2015-16. A better than anticipated agricultural ... Read More »

Axis Bank, KBank of Thailand ink pact for trade, investment

sign

BANGKOK: Axis Bank on Friday said it has signed an agreement with the Thailand’s Kasikorn Bank (KBank) to enhance cooperation in trade and investment. Axis Bank, has signed a Memorandum of Understanding (MoU) with the KBank, headquartered in Bangkok, Thailand, the former said in a statement. “The MoU will serve to strengthen existing ties between the two banks and will ... Read More »

Vietnam, South Africa aim for $3b in trade, investment

SA,VN

PRETORIA: Việt Nam and South Africa agreed to redouble efforts to raise bilateral trade revenues to US$3 billion by 2020. The decision was made at the third meeting of their joint trade committee, convened earlier this week in South Africa’s capital, Pretoria. Trade revenue hit approximately $1.15 billion in 2015, more than doubling the 2010 figure. Vietnamese Deputy Minister of Industry ... Read More »

Bank of Portugal cuts growth forecasts on exports, investment

bop

LISBON: Portugal’s economy will expand less than previously forecast in each of the three years through 2018 due to weaker growth in exports and investment, the country’s central bank said. Gross domestic product will increase 1.3 percent in 2016, 1.6 percent in 2017 and 1.5 percent in 2018, the Lisbon-based Bank of Portugal said in a statement on Wednesday. In March, ... Read More »

Netherlands investment institution opens commercial loan fund

investment

AMSTERDAM: Small and medium sized enterprises in the Netherlands now have a new opportunity to get a loan – the Netherlands Investment Institution has opened its Commercial Loan Fund, which has about 1 billion euros available to issue loans to SMEs. Half of that money comes from six institutional investors – Aegon, ASR, Pension Fund Metal & Engineering, Pension Fund ... Read More »

Swiss-Irish bakery group Aryzta acquires 49pc stake in French retailer Picard

INVESTMENT

PARIS: Swiss-Irish bakery group Aryzta has completed its acquisition of a 49pc stake in French retailer Picard in a deal worth €446.6m. The investment, which was first announced in March, was followed shortly after by the announcement that Aryzta had sold off a large stake in Irish agricultural services business Origin Enterprises. It raised over €400m from the sale, a ... Read More »

Goldman Sachs acquires 13% stake in SOCAR Turkey

INVESTMENT

ANKARA: US based investment bank Goldman Sachs has acquired a 13 percent stake in SOCAR Turkey for $1.3 billion, said the company in a statement on Aug. 14. The building partnership by one of the world’s leading investors to SOCAR Turkey, the largest investor of Turkey, has showed high confidence in our projects, company and country,” said SOCAR Turkey President ... Read More »

Hermes Investment Management Ltd CEO to join UK Banking Standards Board

foreign investment

LONDON: Hermes Investment Management Ltd. Chief Executive Officer Saker Nusseibeh will join the U.K.’s Banking Standards Board in its effort to rebuild public trust in the financial industry. Nusseibeh, head of Hermes Investment since May 2012, joins the BSB in September to identify how banks can better assess and communicate their plans to improve conduct and competence, the board said ... Read More »

Hermes Investment Management Ltd CEO to join UK Banking Standards Board

China becoming nation of spenders: official

LONDON: Hermes Investment Management Ltd. Chief Executive Officer Saker Nusseibeh will join the U.K.’s Banking Standards Board in its effort to rebuild public trust in the financial industry. Nusseibeh, head of Hermes Investment since May 2012, joins the BSB in September to identify how banks can better assess and communicate their plans to improve conduct and competence, the board said ... Read More »

Bulgaria to extend investment Cooperation with UK businesses

investment

SOFIA: Bulgaria’s investment promotion agency has signed an agreement with the British Bulgarian Business Association (BBBA) to extend their cooperation. The two bodies will work towards attracting investment and exchanging information on potential business partners from Bulgaria and the UK, existing and planned investment projects as well as regulatory measures, InvestBulgaria Agency (IBA) said in a statement. The agreement was ... Read More »

MNB reduces investment growth forecast to 2.2% for 2015

cubaeconomy

BUDAPEST: The National Bank of Hungary (MNB) reduced its projection for investment growth this year to 2.2%  from the previous 5.2%, according to its quarterly Inflation Report published today. The MNB noted that gross fixed capital formation had decreased in the first quarter, mainly because of a fall in public sector investments after the utilization of European Union monies peaked ... Read More »

MNB reduces investment growth forecast to 2.2% for 2015

cubaeconomy

BUDAPEST: The National Bank of Hungary (MNB) reduced its projection for investment growth this year to 2.2%  from the previous 5.2%, according to its quarterly Inflation Report published today. The MNB noted that gross fixed capital formation had decreased in the first quarter, mainly because of a fall in public sector investments after the utilization of European Union monies peaked ... Read More »

Foreign direct investment inflows soar 112% in April to $3.6b

investment

NEW DELHI: Foreign direct investment inflows into India surged 112% in April to $3.6 billion from $1.7 billion in the year-ago period. The increase was 71% over the inflows in the previous month. The Department of Industrial Policy and Promotion ( DIPP) secretary Amitabh Kant told ET that he is confident that the country will receive record capital flows in ... Read More »

Hungarian Investment fund assets increase by 0.35% in May

investment-on-big

BUDAPEST: The total amount of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ), increased by 0.35%; yields and capital inflow was also up slightly in May, the association reported in a press release. According to the announcement, BAMOSZ members managed a total of HUF 5.6 bln in investment funds in May. ... Read More »

Cameron hails UK’s £1tr foreign investment record

investment

LONDON: Foreign investment to the UK has broken the £1 trillion barrier for the first time, showing “Britain is the place to do business”, David Cameron has declared. No 10 released the record figure as the Prime Minister prepared to travel to Milan for an international business exhibition, where he will have talks with Matteo Renzi, his Italian counterpart, as ... Read More »

Major port investment of €1.5m in Ghana shows APM Terminals’ strong commitment to Africa

bollore

CAPE TOWN: APM Terminals in partnership with Bolloré Africa Logistics and the Ghana Ports and Harbour Authority – will invest USD 1.5 billion in a massive upgrade of Tema, Ghana’s most important port. The new project consists of both a new greenfield port outside the present facility and a needed upgrade of the adjacent road network. The Tema project – ... Read More »

Major port investment of €1.5m in Ghana shows APM Terminals’ strong commitment to Africa

bollore

CAPE TOWN: APM Terminals in partnership with Bolloré Africa Logistics and the Ghana Ports and Harbour Authority – will invest USD 1.5 billion in a massive upgrade of Tema, Ghana’s most important port. The new project consists of both a new greenfield port outside the present facility and a needed upgrade of the adjacent road network. The Tema project – ... Read More »

New investment projects in France rise by 18% to 608 in 2014

investment business

PARIS: The number of new investment projects in France rose by 18% to 608 in 2014, showing growth higher than both the UK (growth of 11% to 887 projects) and Germany (up 8% to 763) and putting it in third place for foreign investment. France is also the top European country in terms of investments related to industrial projects, and ... Read More »

New investment projects in France rise by 18% to 608 in 2014

investment

PARIS: The number of new investment projects in France rose by 18% to 608 in 2014, showing growth higher than both the UK (growth of 11% to 887 projects) and Germany (up 8% to 763) and putting it in third place for foreign investment. France is also the top European country in terms of investments related to industrial projects, and ... Read More »