The row over how lenders should prepare their financial statements has been brewing ever since CBI sought to reform balance sheets before the implementation of the nuclear deal in January 2016 based on the International Financial Reporting Standards Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Aquartet of major regulatory bodies will form a […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Who’s for a trade war? Apparently no one, except US President Donald Trump. His impromptu announcement last week of slapping tariffs on steel and aluminum imports set off worried and furious talks of potential retaliatory measures and market chaos. The repercussions were quickly felt. Gary Cohn, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran has endeavored for years to devise the right set of conditions to facilitate the entry of foreign financial institutions in its free trade zones and those efforts only intensified following the implementation of the nuclear accord that spotlighted the importance of having correspondent banking relations. […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     While the synchronized global economic expansion is helping get people back into work and forcing interest rates to rise, there is a sense of deja vu brewing about two notable parts of the world. The European and Japanese central banks are singing similar—and repetitive—policy tunes while […]

CPTPP agreement is a significant achievement and a victory for openness. It also welcomes the interest shown by a number of other economies wishing to join the trade bloc Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Eleven nations signed a slimmed-down version of the Trans-Pacific Partnership trade agreement Thursday, moving to lower tariffs […]

Iran is ready to allocate a credit line amounting to $3 billion to Iraq for rebuilding the war-ravaged areas of the neighboring country The credit line will be given so that “Iranian companies and its private sector can have a more serious cooperation in rebuilding Iraq” Reported by HPMM Group according to FINANCIAL TRIBUNE ;    […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     President Hassan Rouhani has ordered the National Development Fund of Iran to prepare a plan to attract foreign investments, according to a board member of the fund who also referred to measures taken for boosting foreign relations through other channels. “For increasing the attraction of foreign […]

The ECB dropped its easing bias and also opted to keep interest rates unchanged while continuing its asset purchase program until September Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The European Central Bank dropped its easing bias on Thursday, fueling expectations that it will normalize monetary policy in the euroland. Until now, the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The European Commission said on Wednesday that 11 European Union states were experiencing economic imbalances that should be addressed and from among these Italy, Cyprus and Croatia had “excessive” imbalances. Brussels has warned Italy’s economy is suffering from severe imbalances, heightening tension between the EU and […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Fears over a looming trade war following the departure of a key White House adviser spooked emerging markets on Wednesday with stocks and currencies suffering, while investors in Turkey and Poland awaited interest rate decisions. Gary Cohn, US President Donald Trump’s top adviser who was seen […]