Search Results for: World Bank’s
HMRC admits to winding up inquiry into HSBC tax evasion claims
January 14th, 2016
Only one person was prosecuted following claims the bank turned a blind eye to illegal activities of hundreds of wealthy customers HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s ...
China Stock Selloff Abates on State Efforts to Stabilize Yuan
January 12th, 2016
Offshore yuan climbs to one-week high amid intervention Shanghai Composite’s RSI signals oversold conditions China’s stocks rose in volatile trading after the benchmark index briefly fell below the 3,000 level as policy makers intensified efforts to stabilize the yuan. ...
China’s Forex Reserves Fall by Record $107.9 Billion on Yuan Fears
January 8th, 2016
Foreign-exchange reserves drop to a nearly three-year low, contributing to the largest yearly decline ever China’s hoard of foreign-exchange reserves continued to shrink in December, recording the biggest monthly drop ever and falling overall to its lowest level in ...
Russia’s Biggest Bank Wants To Adopt Blockchain. Not Bitcoin
December 11th, 2015
Sberbank, the biggest bank in Russia might adopt blockchain technology in the future. The bank plans to join the international consortium R3 and develop blockchain based services. However, as in the case of other international big banks, it doesn’t plan to use ...
Commonwealth Bank Increases support for Australian leadership in Quantum Computing
December 9th, 2015
Commonwealth Bank has provided in-principle commitment for an additional $10 million to support Australian researchers who are well advanced in their efforts to build the world’s first silicon-based quantum computer in Sydney. CBA welcomes the Australian Government’s decision to ...
China Forex Reserves Fall to Lowest Level in More Than Two Years
December 8th, 2015
Numbers suggest Beijing is struggling to control capital outflows as a U.S. rate increase looms China’s foreign-exchange hoard fell in November to its lowest level in more than two years, reigniting concerns about Beijing’s ability to stem the outflow ...
Saxo Bank signed partnership with JSC Galt & Taggart
November 25th, 2015
Saxo Bank, the multi-asset trading and investment specialist, today presents its new white label partnership with JSC Galt & Taggart, a wholly owned investment banking subsidiary of Bank of Georgia Holdings PLC listed on the main market of the ...
The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse
November 24th, 2015
The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America. But it isn’t just South America that is experiencing a very serious economic downturn. ...
Egypt’s new central bank chief faces bitter pill of currency devaluation or IMF aid
November 19th, 2015
Spare a kind thought for the travails that Tarek Amer, the newly appointed governor of Egypt’s central bank, will be facing when he formally takes up his post on November 27. He could have had no illusions how disastrous ...
Credit Suisse plans trading floor for Dublin
November 16th, 2015
Swiss bank wants to move 40 traders and 60 support staff to Ireland as part of a cost-cutting drive Credit Suisse is on course to become the first international bank to set up a major trading floor in Dublin. The ...
