China To Rely on Finance From Islamic Nations To Strengthen Trade Relations
Chinese banks are making moves to strengthen relationships with Islamic countries, as a result of which finance from Islamic nations will start to play an important role in helping China emerge as global economic force. China has over 20 million
Read MoreChinese Firms to Invest in UK’s Nuclear Power Plant Project
Chancellor George Osborne has announced that the UK will provide £2 billion for a nuclear power station at Hinkley Point, a project in which Chinese companies will partly invest. As mentioned in BBC EDF, the French energy company, had proposed
Read MoreAltice to Purchase Cablevision for $17.7 Billion
Altice, a European cable and telecommunications company, will purchase Cablevision, a cable operator based in New York for $17.7 billion, which includes debt. Altice is currently in the process of expanding into the US market. The deal was officially announced
Read MoreWill US Interest Rates Rise?
The long awaited decision as to whether the US will finally raise interest rates is imminent and this is going to be a critical time for anyone looking to place Binary Options on any US based company or for that
Read MoreInnovate Finance to Launch Blockchain Lab with Hartree Center
In August, David Cameron, the prime minister of Britain expressed his appreciation of the Innovate Finance Manifesto: 2020, which was released by Innovate Finance (IF), an organization that focuses on the promotion of the UK as a global digital fintech
Read MoreStar Wars Boosts British Economy by £150 million
The financial impact of the production of Star Wars: Episode VII: The Force Awakens on Britain is around £150 million. Fans of Star Wars will get the opportunity to see Carrie Fisher, Harrison Ford, and Mark Hamill, the original Star
Read MoreBank of Montreal to Acquire GE’s Transport Finance Unit
The Bank of Montreal, the fourth biggest lender in Canada, has decided to purchase General Electric’s (GE) transport finance business in Canada and the US. According to the bank, which is based in Toronto, the net earning assets of GE’s
Read MoreKensington Group to Buy Loans from GE Money Home Lending
Kensington Group, a UK mortgage lender, is on the verge of signing an acquisition deal worth £2.5 billion with General Electric (GE), which would enable it to purchase a part of GE’s finance business. According to a report in Sky
Read MoreECB Stresses Need for Common Framework to Write Off Debts
The European Central Bank (ECB) has stated that all European Union (EU) members should have a common approach to writing off debts so that international lenders in difficulties can be easily supported without using taxpayers’ money. Although an EU directive
Read MoreIAG Group CEO Willie Walsh Campaigns for ADP Cuts
International Airlines Group, the company behind British Airways, has launched a campaign to reform visa structure and cut aviation taxes for Chinese visitors in a bid to boost tourism. Willie Walsh, the company’s chief executive officer, is currently trying to
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