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Cryptocurrencies are set to go mainstream in Malaysia
November 29th, 2018
Bank Negara Malaysia, the Central Bank of Malaysia, moves to regulate the world of digital monies in the country from next year onwards. The move is expected to instill some public confidence in the viability of these tokens, and ...
Why interest rates are rising long-term
November 23rd, 2018
There are growing expectations that the current cycle of rising interest rates will result in a deflationary recession. While a credit crisis is increasingly likely to evolve in the coming months, it is a highly inflationary situation. A ...
One in five people have been defrauded via their credit card in the last year in UK
November 23rd, 2018
One in five (22%) people have been defrauded via their credit card in the last year, according to a survey of 2,000 UK adults commissioned by comparethemarket.com. This equates to 11.4 million people nationwide, highlighting the rising levels of ...
An overview of small and medium-sized enterprises in Europe
November 21st, 2018
Small and medium-sized enterprises (SMEs) — in other words, enterprises with less than 250 persons employed — are often referred to as the backbone of the European economy, providing jobs and growth opportunities. In 2015, the overwhelming majority (92.8 ...
Volume of retail trade unchanged in euro area; In Ireland, Latvia and Estonia the highest increases
November 9th, 2018
In September 2018 compared with August 2018, the seasonally adjusted volume of retail trade remained unchanged in the euro area (EA19) and decreased by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European ...
Citibank agreed to pay millions to settle charges
November 8th, 2018
The Securities and Exchange Commission (SEC) announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign ...
Victims of €20m French-Israeli ads scam to get some money back, not from Israel
November 7th, 2018
Seven years after French law enforcement began receiving complaints about a sophisticated advertising scam operated from France and Israel, hundreds of victims of the 20 million euro ($17.5 million) fraud are being notified by the French authorities that they ...
Individuals fined and banned from performing any role in regulated financial services
November 7th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued a press release to inform that The Upper Tribunal has upheld the Financial Conduct Authority’s (FCA) decision to fine ...
Visa CEO Predicts 100 Million Contactless Cards in a Year
November 6th, 2018
Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But ...
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
