Search Results for: Citi
Russian Oil: Output Grows as Prospects Shrink
January 25th, 2016
Plummeting prices and U.S.-led sanctions raise questions about Russian oil’s capacity to continue underwriting Putin’s global ambitions In the frosty swamplands of West Siberia, the drilling rigs of oil giant OAO Lukoil are helping raise Russia’s oil output to its highest ...
MasterCard on blockchain: ‘We don’t want to be blindsided’
January 22nd, 2016
Blockchain — the technology that underpins bitcoin — is one of the most exciting areas of technology at the moment. It has the potential to strip out huge amounts of admin costs and companies around the globe are signing ...
Convict Libor brokers only if they played ‘significant’ role, UK jury told
January 22nd, 2016
Jurors in Britain’s second Libor trial were instructed on Thursday not to convict the six former brokers in the dock unless evidence showed they played a “significant” part in an alleged plot to help convicted trader Tom Hayes rig ...
Asia markets surge; Nikkei climbs to close 5.88% higher
January 22nd, 2016
Major Asian markets surged Friday, tracking the rally in European and U.S. equities overnight, getting a boost from a slight uptick in oil prices and comments from the European Central Bank (ECB). In Japan, the Nikkei jumped by 941.27 points, or 5.88 percent, ...
China’s Central Bank Discusses Digital Currency Launch
January 21st, 2016
The People’s Bank of China (PBoC), the country’s central bank, is moving toward the launch of its own digital currency. The PBoC said in a 20th January release that it had held a meeting discussing the possibility in Beijing. Attendees included central bank governor Zhou Xiaochuan and ...
Could China’s Housing Bubble Bring Down the Global Economy?
January 21st, 2016
Who’s going to buy the tens of millions of empty flats held as investments? I’ve been writing a lot about China recently because it’s becoming increasingly clear that China’s economy is slowing and the authority’s “fixes” are not turning ...
R3 brings eleven major global financial institutions together on a cloud based distributed ledger
January 21st, 2016
Financial technology innovation company, R3 CEV, today announced the successful completion of a ground breaking distributed ledger experiment involving eleven of the world’s largest financial institutions. R3 and consortium member banks Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of ...
Some Shanghai Banks Said to Curb Individual Forex Purchases
January 21st, 2016
Banks said to request close checks by branches for violations Shanghai SAFE vows crackdown on illegal foreign transactions Some Shanghai banks have asked their branches to strictly control the sale of foreign exchange to individuals, according to people familiar ...
Asia markets take another tumble as rout persists
January 21st, 2016
Markets in Asia lost early gains and tumbled into negative territory in afternoon trade, following another selloff on Wall Street overnight on global growth concerns, uncertainty in China and fresh lows in oil prices. The Shanghai composite touched its ...
Saxo Bank launches the first large-scale, truly digital, investment solution for retail investors in partnership with BlackRock
January 20th, 2016
SaxoSelect investment portfolios consisting of BlackRock exchange traded funds (ETFs) to launch in selected European markets, starting with Denmark, Finland, Italy, Norway, Netherlands and Sweden in Q1 2016. Saxo Bank today announces the launch of the first large-scale, truly digital, ...
