Search Results for: Allen
World Bank shake-up yields only half Kim’s target of $400m savings
August 30th, 2016
The World Bank is set to make net savings that are half the size of a much-touted $400m target as administrative costs rise on a surge in lending, despite a contentious reorganisation pushed through by Jim Yong Kim, its ...
Cyber threat grows for bitcoin exchanges
August 29th, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft — the second largest by an exchange since hackers took ...
Geneva’s Corporate-Tax Fight Becomes ‘Mother of All Battles’
August 29th, 2016
When the European Union pressured Switzerland to scrap tax breaks for foreign companies, Geneva had the most to lose. Now, the canton that’s home to almost 1,000 multinationals is set to use tax to burnish its appeal. Geneva will ...
Facebook Plan For WhatsApp Data Poses Legal Risks
August 29th, 2016
When WhatsApp announced on Thursday that it would start sharing data with its corporate parent, Facebook, some of its fans howled that the popular messaging service was betraying long-held promises to protect their privacy. But for the companies, angry users ...
Asian stocks drop as investors avoid risk before Yellen speech
August 26th, 2016
Asian stocks extended their weekly loss on Friday (Aug 26) ahead of a speech by Federal Reserve Chair Janet Yellen later in the day that may shed light on the US interest-rate outlook. The yen meandered after Japanese consumer ...
Fintech CurrencyFair poaches ex-AO World chairman to supercharge growth
August 25th, 2016
Peer-to-peer online money exchange platform CurrencyFair has poached Richard Rose, the former chairman of AO World, to be its new chairman, hoping Rose can help CurrencyFair grow to a similar size as the listed white goods retailer. Veteran businessman ...
Cyprus, Lebanon, Egypt, and Israel are issuing a new series of natural gas exploration licenses
August 25th, 2016
The major natural gas reservoirs that have been discovered off the Mediterranean shores in recent years have made the region a focus of international interest. The past few months have been especially lively, with Lebanon, Egypt, Cyprus, and Israel ...
Hedge funds resume selling in ags, led by corn, cotton, hogs
August 22nd, 2016
Hedge funds returned to a bearish bias on ags – although not by much, as improved sentiment towards cocoa and wheat prices offset some of the impact of data-fuelled sales in corn and cotton. Managed money, a proxy for ...
Dollar edges up, but on track for weekly loss
August 19th, 2016
The dollar wallowed close to eight-week lows against the euro on Friday, and was poised for weekly losses against its major counterparts, after minutes of the U.S. Federal Reserve’s July meeting revealed central bank policymakers were in no hurry ...
ECommPay begins processing payments for Wargaming
August 18th, 2016
In August 2016, payment service provider ECommPay began processing transactions on behalf of Wargaming.net, one of the market leaders in the sphere of online gaming. The strategic partnership promises Wargaming customers an assortment of enhanced capabilities and additional services. ...
