Search Results for: currencies
U.S. oil extends gains on stock-draw, Brent lags with Asian economies
September 16th, 2015
U.S. oil prices extended gains in Asia on Wednesday on an unexpected stockpile draw and higher gasoline prices, while international crude markets were weaker on the back of low Asian economic growth expectations. Front-month U.S. West Texas Intermediate (WTI) ...
UBS reveals its interest in Sidechains as well as Ethereum
September 15th, 2015
There is an air of confidence about UBS at this time concerning the bank’s exploration of distributed ledger technology and smart contracts. Recently, UBS demonstrated how a bond could be automated on a blockchain, the shared ledger system similar ...
China’s currency could double losses this year – economists
September 15th, 2015
Watch out! China’s currency is likely to tumble further before the end of the year, according to a CNNMoney survey of economists. The yuan, also called the renminbi, is expected to slide another 2.8% against the U.S. dollar by ...
PBOC opens onshore fx market to central banks
September 15th, 2015
The People’s Bank of China said Monday it would allow foreign central banks to trade in the country’s foreign-exchange market, echoing a promise made by Chinese Premier Li Keqiang at the World Economic Forum last week. The central bank ...
Innovate Finance and IBM to open blockchain lab
September 14th, 2015
UK fintech champion Innovate Finance is to establish a blockchain lab in partnership with the Hartree Centre, the high performance computing and data analytics research facility founded by the UK Government in association with IBM. Blockchain has become one ...
China Stocks Pull Asian Markets Lower
September 14th, 2015
Investors are concerned about both a slowdown in China and this week’s U.S. Federal Reserve meeting China shares finished lower in tumultuous trading Monday, as weak data on Chinese factory output pulled prices down despite apparent efforts by Beijing ...
Global Markets: Stocks end solid week on cautious note
September 11th, 2015
Stocks stay on track for best week in eight Fed rate decision next week hangs in the balance “Quite a fragile time” – equity fund manager Global stocks around the world slipped into the red on Friday but remained ...
Saxo Payments Banking Marketplace adds Credorax merchant acquiring bank to partner portfolio
September 11th, 2015
Partnership leads to even faster time-to-funding for Credorax Merchants Saxo Payments today announces that Credorax, the global digital merchant acquiring bank, joins First Data, Tuxedo Money Solutions, Valitor and Allied Wallet, as a partner in the Saxo Payments Banking Marketplace. ...
Visa, Citi, Nasdaq, Fiserv and Capital One back blockchain startup Chain
September 11th, 2015
Five financial services heavyweights have joined in a $30 million funding round for blockchain startup Chain, which is aiming to overturn Wall Street conventions for the issuing and handling of financial securities. Investors in the round include Visa, Nasdaq, ...
BNY Mellon Expands Global Payments Infrastructure by Adding Foreign Exchange Payments
September 10th, 2015
New functionality will significantly increase straight-through processing rates for clients BNY Mellon, a global leader in investment management and investment services, has passed an important milestone in the continuing development of its global payments infrastructure with the launch of ...
