Search Results for: First Data
Goldman Sachs and Morgan Stanley Cut Chiefs’ Pay
January 25th, 2016
Goldman Sachs and Morgan Stanley have both cut the pay packages of their chief executives after a year when Wall Street was challenged by increased regulation and market turmoil. Goldman Sachs, the most closely followed firm on Wall Street, said on Friday ...
Japan’s Annual Trade Deficit Narrows as Energy Import Costs Fall
January 25th, 2016
The value of imports fell in 2015 while exports edged up China’s slowdown, low global growth curb shipments abroad Japan’s annual trade deficit narrowed almost 80 percent from a record as energy import costs fell and the weaker yen ...
Europe’s big banks remain wary of doing business with Iran
January 25th, 2016
Sanctions have been lifted but uncertainty over US authorities’ stance means banks are reluctant to handle payments A week after the lifting of sanctions against Iran, major European banks are still reluctant to handle Iranian payments as they remain wary of ...
Twitter to Revamp Leadership Under CEO Jack Dorsey
January 25th, 2016
Alex Roetter, head of engineering, and Kevin Weil, product chief, are among the four executives who are leaving Twitter Inc. Chief Executive Jack Dorsey is revamping his top ranks as he tries to find ways to revive the social media company and earn ...
Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone
January 25th, 2016
It’s official – global stocks have entered a bear market. On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market. So that means that ...
How are banks actually going to use blockchains and smart contracts?
January 25th, 2016
Banks are now officially collaborating on connected distributed ledgers, something of a milestone in the blockchain narrative. But how are they actually going to use computational blockchains that can operate that well-known term of art – “smart contracts”? Dr ...
Six Banks Negotiating Settlement in Swiss Libor Probe
January 25th, 2016
Swiss regulator: `We won’t go for a settlement at any price’ Settlement would resolve one of few remaining Libor probes At least six banks targeted in Switzerland’s investigation into Libor-rigging are in settlement talks with the country’s competition regulator, ...
PwC launches new global technology team to harness Bitcoin technology
January 22nd, 2016
PwC has recruited 15 leading technology specialists to exploit and commercialise blockchain, the technology that powers the crypto-currency, Bitcoin. The new Blockchain team will be based in PwC’s Belfast office and is expected to grow to over 40 digital ...
Oil prices bounce as cold U.S., EU weather boost demand
January 22nd, 2016
Oil prices rose for a second session on Friday, moving further away from 12-year lows plumbed earlier this week, as cold U.S. and European weather as well as firmer financial markets gave traders reason to cash in on record ...
Saudi Arabia Said to Ban Betting Against Its Currency
January 21st, 2016
Central bank said to give directive at Jan. 18 Riyadh meeting Riyal forwards jump to highest in at least 2 decades in Jan. Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to ...
