Article: Interest rates and growth warning from Bank for International Settlements

#AceFinanceNews – Featured:June.28:
Interest rates and growth warning from Bank for International Settlements:

http://www.theguardian.com/business/2015/jun/28/interest-rates-growth-warning-bank-for-international-settlements

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Article: Indian pharma’s struggle to tighten standards paves way for M&A deals

#AceFinanceNews – Featured:June.28:
Indian pharma’s struggle to tighten standards paves way for M&A deals
http://www.reuters.com/article/2015/06/28/uk-india-pharmaceuticals-idUKKCN0P812D20150628

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Article: Argentina to press regulators over oil company assets

#AceFinanceNews – Featured:June.28:
Argentina to press regulators over oil company assets:

http://www.telegraph.co.uk/finance/11705001/Argentine-to-press-regulators-over-oil-company-assets.html

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Article: 12 Devastating Consequences if Greece Returns to the Drachma

#AceFinanceNews – Featured:June.28:
12 Devastating Consequences if Greece Returns to the Drachma:

http://www.huffingtonpost.com/dimitriosgiokas/12-consequences-if-greece-returns-to-the-drachma

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Article: UK tax policy dictated by companies not ministers says leading treasury expert

#AceFinanceNews – Featured:June.28:
UK tax policy dictated by companies not ministers says leading treasury expert:

http://www.theguardian.com/global/2015/jun/28/uk-tax-policy-dictated-by-big-companies-not-ministers-treasury-adviser

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Article: Anger in Moscow as Russian village prints own currency

#AceFinanceNews – Feature:June.28:
Anger in Moscow as Russian village prints own currency:

http://www.aljazeera.com/indepth/features/2015/06/anger-moscow-russian-village-prints-currency-150628143029075.html

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Article: Libor rigging scandal: German regulator alleges negligence by Deutsche executives

#AceFinanceReport – Feature:June.28:
Libor rigging scandal: German regulator alleges negligence by Deutsche executives:

http://www.ibtimes.co.uk/libor-rigging-scandal-german-regulator-alleges-negligence-by-deutsche-executives-1508203

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Article: Businesses’ best friend: the Chancellor plans his Emergency Budget

#AceFinanceNews – Feature:June.28:
Businesses’ best friend: the Chancellor plans his Emergency Budget:

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11702536/Businesses-best-friend-the-Chancellor-plans-his-Emergency-Budget.html

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Article: Apps without borders: How global exchange rates impact advertisers

#AceFinanceNews – Feature:June.28:
Apps without borders: How global exchange rates impact advertisers:

http://venturebeat.com/2015/06/28/apps-without-borders-how-global-exchange-rates-impact-advertisers/

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#BRICS: ‘ NDBank to Replace Western Financial Institutions such as IMF & World Bank ‘

#AceFinanceNews – Featured Update:June.28: The NDB bank is expected to become an alternative to Western-dominated financial institutions, such as the IMF and the World Bank.

The BRICS New Development Bank (NDB) idea was proposed in 2011 by the Nobel Laureate Joseph Stiglitz, and despite cynicism in the beginning the five BRICS countries (Brazil, Russia, India, China, and South Africa) were not discouraged.

While Beijing’s Asian Infrastructure Investment Bank (AIIB) has won overwhelming support overtime, it was the NDB that served as inspiration to the AIIB initiative, providing momentum for AIIB’s launch in 2013.

One of the resolves of the BRICS countries is getting money back from the Western banking system to finance their own infrastructure and development, and enhancing the resilience of their financial systems.

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