Key Economic News to Watch This Week: August 13
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London Olympics draws to a close with all eyes on Rio for 2016. The highlight of the week will undoubtedly be the situation facing Standard Chartered Bank, as it faces allegations of money laundering for transactions tied to Iran. The bank is due for a hearing to defend its New York license this Wednesday.
Monday, August 13
The Olympic flag arrives in Rio de Janerio, where the 2016 Summer Games will be held.
Myanmar’s parliament debates foreign investment law.
London Olympics draws to a close with all eyes on Rio for 2016. The highlight of the week will undoubtedly be the situation facing Standard Chartered Bank, as it faces allegations of money laundering for transactions tied to Iran. The bank is due for a hearing to defend its New York license this Wednesday.
Monday, August 13
The Olympic flag arrives in Rio de Janerio, where the 2016 Summer Games will be held.
Myanmar’s parliament debates foreign investment law.
Related Story: International Sanctions May Ruin Myanmar’s Opportunity for Change: Joseph Stiglitz
Related News: Billionaire Investor George Soros Sets Up Philanthropic Arm in Burma
Fidel Castro, a leader of the Cuban revolution, former prime minister and president and currently first secretary of the Communist party of Cuba, celebrates his 86th birthday.
Related News: Cuba’s Oil Dreams Dealt Crushing Blow
Related News: Cuba To Move Half of State’s Economic Activity To “Non-State” Sector
Tuesday, August 14
Organisation of Islamic Countries leaders, including Iran’s president, meet for an extraordinary summit in Mecca, Saudi Arabia, expected to focus on the Syria conflict (until August 15).
Thomson Reuters and the Hong Kong Exchange hold a joint-conference on the topic “An Outlook: The Latest CNH Market Trends.”
Wednesday, August 15
Standard Chartered bank appears before court in New York, the first hearing into the allegations that the London bank laundered up to $250 billion for the Iranian government.
Related News: Standard Chartered Accused of Hiding $250 Billion in Iranian Transactions
Related News: StanChart Investors Not Buying Company’s Defence
Related News: Standard Chartered Bank Investigation Part of a Larger Political Conspiracy?
Asian Development Bank releases key indicators report for 2012.
India celebrates anniversary of independence.
Saturday, August 18
The UK Premier League football season is scheduled to begin.
Sunday, August 19
Muslims mark the end of Ramadan with Eid ul-Fitr, which marks the start of a feast that can last up to three days in some countries.
