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Accounting & Finance Updates | Horizon University UAE

 

Get the latest updates in accounting and finance from Horizon University, covering practices and trends shaping financial management in the UAE.

Chinese central bank pumps $3 bn into market

Beijing, May 16 (IANS) China's central bank on Monday pumped 25 billion yuan ($3 billion) into the market to preserve liquidity.

The People's Bank of China (PBOC) put 45 billion yuan into seven-day reverse repo, a process by which central banks purchase securities from banks with an agreement to sell

UN body expresses optimism on Bangladeshi economy

​Dhaka, April 28 (IANS) A UN body on Thursday expressed its optimism about Bangladesh's potential though it trimmed its growth forecast for 2015-16 fiscal (July 2015-June 2016) at 6.8 percent.

India ninth among crony capitalist nations: Economist

​London, May 8 (IANS) A spurt in number of billionaires and increasing wealth creation by any means have made India rank ninth among the crony capitalist countries, said a study in "The Economist" latest issue.

Income-focused Investors: Where to Invest in the UAE


Investors look out for different assets which match their risk appetite and return expectations. In recent years the global financial markets have become highly volatile and as

Nearly two-thirds of Americans prefer saving to spending

​Washington, April 26 (IANS) Nearly two in three Americans said they prefer to save rather than to spend money, setting a new record since 2001, found a Gallup poll.

The research result came on Monday amid concerns that Americans are not spending enough to keep the US economy growing at a healthy pace, Xinhua news agency reported.

IMF to lend $1.5 billion to Sri Lanka

​Colombo, April 29 (IANS) Sri Lanka will borrow $1.5 billion from the International Monetary Fund (IMF) for the government's economic reform agenda, the IMF said on Friday.

Todd Schneider, IMF mission chief for Sri Lanka, said a staff-level agreement was reached on a three-year programme to be supported by the IMF's Extended Fund Facility

China among top five bilateral donors to Nepal

Kathmandu, April 25 (IANS) China has emerged as one of the top five bilateral donors to Nepal in fiscal 2014-15 in terms of funds disbursed, Nepal's Finance Ministry said on Monday.

US economy expands 0.5 percent in Q1, slowest in two years

​Washington, April 28 (IANS) The US economy grew at an annual rate of 0.5 percent in the first quarter of this year, pulled back by slowing consumption, the commerce department said on Thursday.

China's central bank pumps more money into market

​Beijing, April 25 (IANS) China's central bank on Monday pumped more money into the market to ease a liquidity strain.

The People's Bank of China (PBOC) conducted 180 billion yuan ($27.6 billion) of seven-day reverse re-purchase agreements (repo), a process in which central banks purchase