Economy – Page 14 – Deena Zaidi

The Impact of The Rising Dollar

March 18, 2015April 17, 2017deenazaidiUnited States of America, World EconomyLeave a Reply

The US dollar has been on the rise every day setting high records. With the upward pressure on dollar, stronger dollar could tighten financial conditions across the growth. Further the rising dollar could be offsetting the benefit of low cost oil. Over the past six months, the trade-weighted dollar has risen 25% and faster than anytime the last 40 years. US dollar is a global unit of account in debt contracts and that could be a cause of slow down in the rest of the world. Not only that, if the dollar continues to increase, inflation and US economic could weaken.

The Hits and Misses of Indian Budget 2015

March 3, 2015deenazaidiAsia-Pacific, India, World EconomyLeave a Reply

With India having the world’s second largest population and the maximum number of poor people in the world, the Indian budget 2015 could be a turning point for the poor and the unemployed. While many have supported the budget, others have criticized it for being very ‘pro-corporate’. The Indian Budget has been more or less termed as “stable” in its approach allowing more public spending through emphasis on strategic plans that could modernize India’s infrastructure.

Banks’ Worst Nightmare – Carbanak Heist

February 18, 2015December 19, 2020deenazaidiEconomyLeave a Reply

As banks slowly approach the age of digitalization they already seem to be facing tough challenges that are related to their own systems’ security. Banks have been victims to many cyber crimes but so far the crimes had been related to hacking into customers’ accounts. The shift from hacking customers’ accounts to hacking banks’ systems seems to be one of the latest and perhaps the biggest and quietest cyber crimes. In the past, bank robberies might not have been so planned and professional but with changes in technology, even cyber crimes seem to keep up

The First Internet-Only Bank in China

January 28, 2015January 22, 2018deenazaidiChinaLeave a Reply

State-owned banks have long dominated banking in China but China wants to do things differently now. The Chinese government wants improve its financial sector by creating more confidence and responsiveness towards private customers. China has lately seen a lot of changes in its banking system, which could see some big changes in Chinese banking sector in 2015.