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focus Russian Sanctions Likely to Produce Cumulative Effect - 31 July 2014

The banking, defence and oil sectors are likely to feel the greatest impact from the planned escalation of economic sanctions imposed on Russia by the European Union (EU) and the US, according to analysts ...

focus Russian Sanctions Likely to Produce Cumulative Effect - 31 July 2014

The banking, defence and oil sectors are likely to feel the greatest impact from the planned escalation of economic sanctions imposed on Russia by the European Union (EU) and the US, according to analysts ...

Eurozone Edges Nearer to Deflation - 31 July 2014

The inflation rate in the eurozone, which last month was recorded at just 0.5%, eased again to 0.4% in July and further into what the European Central Bank (ECB) has described as a ‘danger zone'
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China Should Lower 2015 Growth Target, says IMF - 31 July 2014

The International Monetary Fund (IMF) said that China should trim its 2015 economic growth target to 6.5%-7% for 2015, below its goal for 2014, and refrain from stimulus measures unless activity threatens to slow sharply ...

Second Default for Argentina as Deadline Runs out - 31 July 2014

Following a breakdown in talks with its US creditors, Argentina has failed to make scheduled payments on its government bonds and sent the country into its second default in 13 years ...

US Economy Revives in Second Quarter - 30 July 2014

US economic growth revived in the second quarter of 2014, expanding at an annual rate of 4% in the three months to the end of June according to the Commerce Department ...

SunGard Survey Reveals Lack of Proactive Data Reporting - 30 July 2014

The priority placed on business intelligence (BI) continues to heighten, but many organisations are challenged by the need to improve reporting techniques, business capabilities and information management, reports SunGard ...

AIG Europe Launches Cover for Cyber Attacks - 30 July 2014

AIG in Europe has extended its cyber offering in response to the growing threat of potential property damage and bodily injury loss resulting from a cyber attack or security failure ...

Borrowing Costs at Record Lows across Europe - 29 July 2014

Low interest rates across Europe have sent government bond yields to historically low levels, with French, Spanish, Italian and Dutch government borrowing costs at rates last seen more than 100 years ago ...

SEPA Phase II Now Underway, says EPC - 29 July 2014

The second phase of the single euro payments area (SEPA) project is now underway and the institutional SEPA landscape is about to become even more complex, says Javier Santamaria, chair of the European Payments Council ...

South Korea Enters Top Ten for RMB Payments - 29 July 2014

South Korea’s renminbi (RMB) payments value increased by 563% between June 2013 and June 2014, making South Korea number eight in the world for RMB payments value, excluding China and Hong Kong ...

Malaysian Merger ‘Could Trigger Islamic Banking Boom’ - 29 July 2014

Ongoing negotiations that could lead to a merger between CIMB Group Holdings, RHB Capital and Malaysia Building Society might, in turn, potentially allow Malaysia to build on its regional dominance in the Islamic finance industry says Business Monitor International ...

Cost of Risk Increases Again for North American Companies - 29 July 2014

The average total cost of risk (TCOR) for North American companies, which is monitored annually by the US Risk Management Society (RIMS) and insurance intelligence group Advisen, moved higher in 2013 for the third year running ...

Virgin America Files for IPO - 28 July 2014

Virgin America, the low-cost US airline launched and partly owned by Sir Richard Branson, has filed for an initial public offering (IPO) to fund its planned expansion in a reviving market for air travel ...