Search Results for: Global Payments
Bitcoin Fund Manager Faces HSBC Account Closure
December 2nd, 2014
Global Advisors, a firm based in Jersey that manages the first regulated bitcoin fund, has been served notice by its bank, HSBC. The firm said it received a notice from HSBC indicating that the company’s bank account would be ...
UK passes tough new transparency law for oil, gas and mining companies
December 1st, 2014
A historic law came into force in the UK today that will help fight poverty and corruption in resource-rich but poor countries said Global Witness, which has been campaigning for such measures for over 16 years. The new rules ...
Moody’s downgrades Japan on debt worries
December 1st, 2014
Moody’s Investors Service today downgraded the Government of Japan’s debt rating by one notch to A1 from Aa3. The outlook is stable. The key drivers for the downgrade are the following: Heightened uncertainty over the achievability of fiscal deficit ...
What Greek accounting woes can teach Asia
November 26th, 2014
Asia should care about Greece, because it offers two important lessons. One, that “Greek accounting” triggered the European crisis and weakened an important trading partner to Asia. Two, that weak Greek government financial management and reporting impaired trust and ...
Credit Without Banks: Shadow Banking
November 10th, 2014
One of the vivid lessons of the 2007-2009 recession and financial crisis is that in the modern economy, one can’t just think about the financial sector as made up of banks and the stock market. Other financial institutions can ...
Chinese, Canadian central banks agree to 200 bln yuan currency swap
November 10th, 2014
The central banks of China and Canada have agreed to a currency swap worth 200 billion yuan ($32.67 billion) or C$30 billion, according to a Canadian government statement issued at a meeting of Asia Pacific nations on Saturday. The swap will ...
Ireland Vies to Remain Silicon Valley’s Low-Tax Home Away From Home
November 10th, 2014
In a sprawling conference center on the outskirts of the Irish capital, more than 20,000 people from the global tech industry gathered last week to sign deals and swap contacts. Despite the throngs of start-ups, American heavy hitters like ...
IMF update on the UAE economy
November 6th, 2014
At the conclusion of the visit, Mr. Finger issued the following statement today in Dubai, “Economic recovery has continued at a solid pace, supported by construction, logistics, and hospitality. Ongoing public projects in Abu Dhabi and continued strength in ...
Hong Kong Introduces RMB Liquidity Measures
November 4th, 2014
The Hong Kong Monetary Authority (HKMA) has designated seven banks as Primary Liquidity Providers (PLPs) for the renminbi market (RMB) in Hong Kong and announced the provision of intraday liquidity – two moves that it said would reinforce the ...
The equity cult alive and kicking, despite deflation threat
October 29th, 2014
Anyone betting on another “Great Rotation” of investment flows out of bonds and into stocks is in for disappointment: it’s not happening, and isn’t going to. In a world where deflation, never the most fertile ground for equities, is ...
