Search Results for: Allen
Financial Services industry losing £165 million in invoice fraud
April 28th, 2016
Businesses in financial services (FS) are losing more than £165 million in invoice fraud every year. According to the new research published today by Tungsten, this amounts to £1,969 per business. Of those affected, one in five believes the ...
FCA probes a further 44 firms over Panama Papers
April 28th, 2016
The UK’s Financial Conduct Authority (FCA) has asked a further 44 financial services firms to disclose their involvement in the tax-evasive practices uncovered by the Panama Papers leak. The move, part of an ongoing £10m ($14.1m, €12.4m) investigation being ...
Thomson Reuters Reports First-Quarter 2016 Results
April 27th, 2016
Thomson Reuters (TSX / NYSE: TRI) today reported results for the first quarter ended March 31, 2016. The company also re-affirmed its 2016 full-year outlook. Reported revenues declined 1%. Before currency, revenues grew 1% Excluding recoveries, revenues increased 2% ...
Volkswagen (VOW) Overtakes Toyota In Q1 Car Sales For Global Top Spot
April 27th, 2016
Even though an emissions-cheating scandal has rocked German car maker Volkswagen AG — expected to cost the company upward of $18 billion — the company’s sales were buoyed by China and Europe, allowing it to overtake its archrival Toyota ...
Xiaomi partners with UnionPay in online payments service
April 27th, 2016
Chinese smartphone giant Xiaomi is rolling out its own mobile payment service on the Chinese mainland in collaboration with China UnionPay, which had earlier partnered with Apple and Samsung Electronics on the launch of their payment platforms in the ...
What Apple’s first revenue decline in 13 years means for the stock market
April 27th, 2016
Apple Inc.’s disappointing corporate results late Tuesday may be a bad omen for a skittish market fretting about the health of the U.S. and global economy. Apple AAPL, -0.69% CEO Tim Cook pinned some of the blame for the Cupertino, Calif.-based company’s ...
Artificial Intelligence seen as opportunity and threat by financial services sector
April 26th, 2016
New global survey reveals tensions between optimism and unease Majority believe AI and other fintech will make financial markets more competitive by 2018 But more than three-quarters say regulators are unable to keep pace with changing technology Sixty percent ...
Another British high street retailer has gone into administration
April 26th, 2016
Austin Reed, the high street clothing retailer, has gone into administration, according to reports from Sky News. The company — which holds two warrants to provide clothing to the Royal Family, and used to outfit Winston Churchill — filed a ...
Time for Debt Reduction in Greece
April 25th, 2016
Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round ...
Dubai sees 5% rise in tourists to 4.1 million in Q1
April 25th, 2016
Dubai welcomed 4.1 million overnight visitors in the first three months of 2016, a 5.1 percent increase over the same period last year, official figures showed on Monday. The increase was backed by strong double digit growth from its ...
