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IFIN launches the first of its kind instant Islamic financing platform offering retailers and Islamic finance providers unparalleled opportunities

World Economic Magazine June 7, 2021

Bahrain-based Islamic FinTech provider, IFIN (Islamic Finance Initiation Network – www.ifin-services.com), has launched the first of its kind, real economy, automated Islamic financing platform. The secure, innovative technology connects retailers and Islamic finance providers, enabling them to offer consumers instant access to Islamic financing for purchases, at the point of sale.

Analysis: Market for U.S. oil acreage booms along with crude price recovery

World Economic Magazine June 7, 2021

A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch.

EXCLUSIVE Some on Wall Street try options trade to bet against AMC without getting burned

World Economic Magazine June 7, 2021

Some Wall Street traders are betting against another massive rally in AMC Entertainment Holdings Inc (AMC.N) and other “meme” stocks this week through a type of wager in the options market that would limit their losses should retail investors behind the run-up prove them wrong.

Asia shares hesitate, China imports underpin resources

World Economic Magazine June 7, 2021

Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chip makers.

UBS ramps up ‘Netflix’ of banking to tap into stream of millionaires

World Economic Magazine June 7, 2021

UBS’s (UBSG.S) new hybrid digital wealth management platform has attracted $3.7 billion in its first year, boosting chief executive Ralph Hamers’ strategy of winning more business from the lower echelons of the global rich.

China’s imports grow at fastest pace in decade as materials prices surge

World Economic Magazine June 7, 2021

China’s imports grew at their fastest pace in 10 years in May, fuelled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by COVID-19 cases at the country’s major southern ports.

Don’t mention the T word: Five questions for the ECB

World Economic Magazine June 7, 2021

The European Central Bank meets on Thursday and will review the pace of emergency bond buys that it jacked up in March to prevent a rise in borrowing costs hurting a recovery.

U.S. officials up pressure on firms, foreign adversaries over cyberattacks

World Economic Magazine June 7, 2021

U.S. officials on Sunday ratcheted up pressure on companies and foreign adversaries to fight cybercriminals, and said President Joe Biden is considering all options, including a military response, to counter the growing threat.

U.S. tech giant shares barely react to G7 tax deal

World Economic Magazine June 7, 2021

Shares in U.S. technology giants barely reacted on Monday to a landmark global minimum corporate tax deal agreed between the world’s richest nations, with analysts saying it will take the backing of low-tax nations to have any meaningful impact on the companies’ bottomlines.

Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document

World Economic Magazine June 7, 2021

Daimler AG’s (DAIGn.DE) main China joint venture with BAIC Motor (1958.HK) plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed.

IFIN launches the first of its kind instant Islamic financing platform offering retailers and Islamic finance providers unparalleled opportunities

World Economic Magazine June 7, 2021

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