Search Results for: dollar
B2B payment network Finexio raises $1million
August 9th, 2016
Finexio brings integrated payment processing automation into accounts payable and procurement software Finexio, the smart B2B payment network, announced today it has secured$1M in seed funding. The financing was led by James R. Heistand with participation from Loeb.nyc, and a number of ...
Barclays reaches $100M Libor settlement
August 9th, 2016
Barclays Bank PLC (BCS) has agreed to pay $100 million to settle allegations that its manipulation of a global financial benchmark defrauded government entities and non-profit groups across the U.S. Announced Monday, the settlement includes $93.35 million for restitution to victimized groups that agree to opt in and issue releases ...
Asia shares up as yield hunt drives record flows, pound slips
August 9th, 2016
Asian shares stood atop one-year peaks on Tuesday as investors’ desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts ...
London no longer world’s most expensive city
August 8th, 2016
The British capital now ranks third behind New York and Hong Kong as the cities with the highest property values, according to luxury real estate broker Savills. The falling pound has accelerated the cooling real estate market following the ...
Money transfer is now social
August 8th, 2016
Azimo, creator of the world’s largest digital money transfer network, has introduced a revolutionary new way for people to send money around the world via Facebook Messenger. An industry first, the new functionality connects senders and receivers through their Facebook friend ...
Asian stocks jump to one-year highs as yield hunt spreads
August 8th, 2016
Asian stocks rose to one-year highs and the Australian dollar climbed on Monday as investors’ hunt for yield gathered momentum against a backdrop of a recovering U.S. economy and ultra-easy easy global monetary policy conditions. While the strong July ...
Rattled investors seek shining path to gold
August 5th, 2016
Gold prices have surged nearly 30 percent this year, proving the commodity to be a commonly favored safe-haven for investors in the face of increased market volatility and uncertainty. On Wednesday, gold reached its highest level in 33 months ...
Swedish Bank Joins Bitcoin Processor’s $4 Million Series A
August 5th, 2016
Swedish banking giant SEB Group and a Danish venture capital firm have invested $4m in Coinify, a digital currency payment processor based in Copenhagen. The Series A round included support from SEB as well as SEED Capital Denmark, an early-stage venture firm ...
Could bitcoin change the game in Africa?
August 4th, 2016
In the wildest of claims, bitcoin – the virtual paperless and stateless currency transacted on the borderless internet – was going to tear apart traditional money transfer companies and help alleviate poverty. Accessing the multibillion-dollar remittance flows to Africa certainly has ...
Volkswagen AG models face sales suspension; fresh blow to the German automaker
August 4th, 2016
South Korea has suspended sales of most Volkswagen AG models in a fresh blow to the German automaker as it struggles to overcome the global repercussions of its emissions-test cheating scandal and rebuild its tattered image. The government revoked ...
