Tuesday, September 13 2011 , Your time is 15:58:00
Robust U.S. growth and stabilizing financing conditions will help the global economy to grow more strongly next year after muted growth in 2015, but some countries are vulnerable to negative shocks due to the strong U.S. dollar, said Moody’s Investors Service in its quarterly Global Macro Outlook report
DUBAI - Reuters
Iraq has requested financial assistance from the International Monetary Fund (IMF) and agreement may be reached within weeks on a loan of about $800 million, a senior IMF official said
ISTANBUL - Reuters
Borsa Istanbul elected a U.S.-educated economist and finance professor as its next chairman on March 31, as Turkey’s sole stock exchange gears up for a 2016 public offering
WASHINGTON - Agence France-Presse
Moody’s downgraded Greece’s debt further into junk territory Wednesday, citing “high uncertainty” that Athens can reach a new agreement with official creditors in time to make upcoming debt payments
Ratings agency Moody’s gave a negative outlook on Turkey’s banking sector for the second straight year on late March 25, citing subdued economic growth and currency volatility.
SHANGHAI - Agence France-Presse
Iran has been approved as a founding member of the Beijing-backed Asian Infrastructure Bank (AIIB), China's finance ministry said Tuesday, just days after Tehran sealed a historic framework agreement on its nuclear programme.
Turkish lender Kuveyt Türk said on March 22 it would launch Germany’s first full-fledged Islamic bank in July, a first step intended at offering sharia-compliant retail banking services across the continent.
DUBAI - Agence France-Presse
The Islamic finance system faces several key challenges if it is to unlock its huge potential and develop safely, the International Monetary Fund said on April 6.
BELGRADE / ISTANBUL
Turkey’s state-run Halkbank said on March 20 it has signed a deal to buy a 76.76 percent stake in Serbian lender Cacanska Banka for 10.1 million euros ($10.9 million)
ANKARA - Anadolu Agency
The growing Islamic finance market has helped economies diversify their investor base, said Director and Global Head of Islamic Finance at Standard & Poor’s Mohamed Damak.
Chinese authorities have given Industrial and Commercial Bank of China approval to buy a 75.5 percent stake in Turkey’s Tekstilbank, the Turkish lender said on March 20, bringing the $316 million deal closer to completion
PODGORICA - Anadolu Agency
Montenegro’s Central Bank decided to grant permission to Turkey’s state-run Ziraat Bank to operate in the country on April 6, officials said.
TOKYO - Reuters
The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution
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