Search Results for: Bank of America
Negative Interest Rates Are Here
October 20th, 2015
Not so long ago, a bank was by definition a business that took deposits from customers, paid them for the use of their money, and lent the cash to other customers at a profit. But that’s not how it ...
What does China own in the UK?
October 20th, 2015
China may be the world’s second-largest economy behind the US, but it has more money in the bank than any other country. Indeed three of the world’s 10 biggest sovereign wealth funds are Chinese, together holding more than $1.5tn ...
Silver as money
October 16th, 2015
Gold is money, admittedly not often circulating as such today. Fiat currencies issued by governments have driven gold out of circulation. But where does this leave silver? Money-substitutes, bank notes and bank deposits, were originally backed by physical silver, ...
Asian shares rise to two-month highs, dollar gains on U.S. data
October 16th, 2015
Asian shares hit a two-month high on Friday, catching some of Wall Street’s shine after upbeat U.S. price and jobless claims data calmed some concerns about the strength of the U.S. economy. MSCI’s broadest index of Asia-Pacific shares outside ...
Swatch presented pay-by-wrist watch
October 15th, 2015
Swatch has joined forces with China UnionPay and Bank of Communications to introduce contactless payment “by-the-wrist” to China SWATCH BELLAMY: THE NEW PAY-BY-THE-WRIST SWATCH WATCH Pioneering Swiss watchmaker Swatch presented SWATCH BELLAMY, the new “pay-by-the-wrist” watch, at the landmark ...
The Numbers Say That A Major Global Recession Has Already Begun
October 14th, 2015
The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP ...
FTSE 100 on track for third straight day of losses
October 14th, 2015
Stocks in the U.K. dropped Wednesday, driven lower alongside Asian and other European markets after the release of yet more disappointing Chinese data underscored concerns about economic growth in that country. The FTSE 100 UKX, -0.75% fell 0.7% to 6,297.19. The index ...
Are You Ready to Buy Stocks at Your Grocery Store?
October 14th, 2015
Kmart, Office Depot, Safeway and other retailers roll out gift cards that give recipients shares in top companies Now selling at the checkout counter: breath mints, hand sanitizer and…$25 of Berkshire Hathaway stock? In a new twist on the bustling gift-card ...
Volante Technologies launches VolPay Hub
October 12th, 2015
VolPay Hub is a highly scalable, high performance, configurable, next generation payments hub. VolPay Hub is channel and payment type agnostic and designed to dramatically reduce time to revenue for digital payment processing by centralizing and accelerating the integration ...
Russian companies are preparing to withdraw from London Stock Market
October 12th, 2015
Eurasia Drilling, Uralkali, Polyus mull value of foreign stock More may seek to delist as share values slide: BCS’s Chuyko Russian expansionism is going into reverse, at least on the London stock market. Three of Russia’s major commodity-related companies ...
