Search Results for: currency market
China raises central rate for yuan by largest amount in a decade
November 2nd, 2015
China raised the central parity rate of the yuan by 341 basis points to 6.3154 against the US dollar on Monday (2 November), the largest amount by far on a single day in a decade. The move comes at ...
Fiat money quantity update
October 30th, 2015
After a few months of slower growth, FMQ has picked up again. FMQ is the sum of True Money Supply (as defined by the Austrian School of Economics), plus the banking system’s reserves and other banking-related liabilities on the ...
PayPal Reports Strong Third Quarter Results
October 29th, 2015
Revenue of $2.3 billion and growth of 15%, foreign currency neutral revenue growth of 19% on a non-GAAP pro forma basis GAAP operating margin up 80 basis points to 15% and non-GAAP operating margin up 200 basis points on a pro ...
Playtech announces Q3 trading update
October 29th, 2015
Playtech has issued today a press release to announce its trading update for the third quarter of 2015 together with an update on trading to date in the fourth quarter. Strong performance from both the Gaming and Financials divisions ...
MasterCard makes first bitcoin investment
October 29th, 2015
MasterCard has finally dipped a toe in the crypto-currency pool, joining a host of other big name investors backing new bitcoin incubator Digital Currency Group (DCG). MasterCard was joined by Canadian bank CIBC, insurer New York Life and venture ...
The Bitcoin Startup Boom Comes Back Down to Earth
October 27th, 2015
Growth in venture capital flowing to bitcoin startups slowed substantially last quarter, and startups are feeling the pinch. Jeff Garzik has spent the past several months pitching investors on a pretty out-there startup idea. He proposed building computer servers ...
Saxo Payments unveils new community for fast, low cost cross border transfers
October 27th, 2015
Saxo Payments Banking Circle Saxo Payments, the global transactions services provider, today at Money 2020 unveils the new brand – Banking Circle – for its international payments community. A marketplace that disrupts the status quo of traditional international B2B ...
Asian stocks advance on China rate cut, U.S. tech earnings
October 26th, 2015
Asian stocks on Monday were close to wiping out all their losses since China’s shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates and U.S. tech giants provided upbeat earning guidance. MSCI’s ...
Europe Admits QE Has Failed, Promises More Of It
October 23rd, 2015
New Age monetary policy has begun to resemble the form of insanity in which a patient repeats the same behavior while expecting a different outcome. Throughout the developed world, interest rates are at record lows and central banks continue ...
Temenos Q3 2015 results reflect outstanding quarter
October 23rd, 2015
Temenos Group AG (SIX: TEMN), the market leading provider of mission-critical software to financial institutions globally, today reports its third quarter 2015 results. The definition of non-IFRS adjustments is below with a full reconciliation of IFRS to non-IFRS results ...
