Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Iran’s high-ranking political and economic delegation, headed by Foreign Minister Mohammad Javad Zarif, completed the last leg of its East Europe tour on Saturday after focusing on resolving banking issues hampering bilateral relations. The delegation, also including businessmen and entrepreneurs from the private and public sectors […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    In recent years, the financial industry has seen fast-growing adoption of financial technology, or fintech. Considerable investment flows are expected to be placed into the sector, which has stimulated expectations for high returns in Iran. There are some estimations that a significant portion of bank revenues, […]

The new guidelines aim at smoothing out differences among the roughly 120 large eurozone banks it supervises Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The European Central Bank published new guidelines on Friday defining how eurozone banks should calculate how much capital and cash they must hold for their own safety. The new […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    International Monetary Fund Managing Director Christine Lagarde said she saw positive and negative effects from a “complicated” US tax overhaul, including a near-term growth bump that risks overheating the US economy and a problematic rise in debt. Lagarde told Reuters in an interview on Thursday that […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Data from the Central Insurance of Iran indicate that the country’s insurance industry has been boosting its profits and reducing its loss ratio for the past 10 years when it comes to covering ships and marine transportation. Insurers earned less than 100 billion rials ($2.23 million) […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    When there’s not much to look forward to in the equity market, investors get spooked by the slightest hint of negative news and shuttle their money to other markets. The Central Bank of Iran’s recent decision to issue certificates of deposit at 20% rates blocked the […]

The directive, announced unexpectedly by the Ministry of Industries, Mining and Trade on Wednesday, states that import orders by merchants based on US currency would no longer be allowed to go through Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The new directive, which bans the use of the US dollar in import order […]

Moody’s raised estimates of G-20 economies, namely, Japan, Germany, France, UK, South Korea, Russia, Saudi Arabia, South Africa and Turkey Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Global economic growth will turn higher and peak in 2018, driven by improvement in advanced economies. Gently rising inflation will prompt tighter monetary policy that will […]

The Swiss side is to transfer technical know-how to Kerman Province’s Polour Sabz Industrial Group, which will be jointly carried out with Stadler Rail Group Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Iran’s drive to bolster the role of railroads in domestic transportation made fresh headway, as the Industrial Development and Renovation Organization […]