Reported by HPMM Group according to FINANCIAL TRIBUNE ; When the Central Bank of Iran abruptly announced the unification of the US dollar’s exchange rate from Tuesday, the gold market reacted swiftly and prices declined. CBI announced late Monday that each US dollar will henceforth be offered to designated groups at the unified rate of […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Bank of Iran’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions. A review of data published by the bank on its website as part of its monthly analyses of the monetary and banking […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     On its heavily-fortified border with the Islamic Republic of Iran, Armenia is developing a new strategy to overcome decades of economic isolation. However, slightly to the east, on its own border with Iran, Azerbaijan is endeavoring to thwart Yerevan’s plans. Last December, Armenia opened a free […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The European Central Bank’s top officials lined up to express cautious confidence in the euroarea economy after a series of reports pointing to a surprisingly weak start to the year, while reiterating that they’ll move only slowly toward the end of stimulus. President Mario Draghi and […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Last year’s aggressive tax cuts are at the heart of a worsening budget situation that will see deficits surge in the years ahead, according to an op-ed by former Fed Chair Janet Yellen and others. The essay, published in Sunday’s Washington Post, rebuts a study from […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Goldman Sachs Group Inc is taking on the exchanges to win the business of fund managers eager to keep their stock trades hidden in the era of MiFID II price transparency. The bank has set up a so-called periodic auction service that matched its first trades […]

Diversified investment funds had the highest average returns of about 21% for the year Reported by HPMM Group according to FINANCIAL TRIBUNE ;      Atotal of 213 mutual and exchange-traded funds in Iran’s capital market posted an average return of 17.5% during the previous fiscal year (March 2017-18), data released by Financial Information Processing of Iran […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran has proposed conducting a project with Russian Railways to electrify a 3,000-kilometer railroad that might cost up to €۳ billion ($3.7 billion), the company’s First Deputy CEO Alexander Misharin said on Monday. “Three thousand kilometers, a big project, we agreed to sit down at the […]

The new measure in effect ended the dual foreign exchange rates and saw the official USD rate rise above 40,000 rials after 28 months According to CBI, any trading of US dollar outside the banking system and authorized exchange shops would be considered contraband Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Central […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran Stock Exchange’s main index lost 372.69 points or 0.38% on Tuesday compared to the day before to end trade at 96,748. About 759 million shares valued at $27.84 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]