Reported by HPMM Group according to FINANCIAL TRIBUNE ;     As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market. According to measures decided at the Cabinet meeting late Wednesday, all purchase orders (for imports ), including those at […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Lack of banking ties is a major issue concerning Iran’s relations with Sweden as it is with most other countries. According to a senior member of Tehran Chamber of Commerce, Industries, Mines and Agriculture, not much progress has been made in easing banking ties with Iranian […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     International Monetary Fund Chief Christine Lagarde on Wednesday issued a stern warning to governments to avoid undermining global growth with protectionist trade policies. In a less than thinly-veiled warning to US President Donald Trump, who has locked horns with China on trade, the head of the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index lost 460.95 points or 0.48% on Wednesday compared to the day before to end trade at 96,287.1. About 958 million shares valued at $49.36 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]

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 […]