Search Results for: Global banks
Lifting sanctions on Iran opens up business opportunities
May 9th, 2016
Economic sanctions have cost Iran an estimated $120 billion (€105 billion) since 2012, primarily in lost oil and gas revenues. That equates to about 30 per cent of the economy of the second-largest country in the Middle East after ...
US tax havens – the new Switzerland
May 9th, 2016
America is a magnet for offshore wealth, notably South Dakota, which has guaranteed secrecy In an old discount store hugging a corner in downtown Sioux Falls, South Dakota, the heirs to the William Wrigley chewing gum fortune have an office for ...
South Korea offers 25 billion USD investment package to Iran
May 5th, 2016
South Korean President Park Geun-hye offered 25 billion U.S. dollars aid for infrastructure investment in Iran, Petro Energy Information Network (SHANA) reported on Wednesday. According to its 6th Development Plan, Iran wants to invest 185 billion U.S. dollars in ...
A Currency War Battle That Europe and Japan Can’t Afford To Lose
May 5th, 2016
The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down about 8%, and the decline is steepening. In counterintuitive currency ...
The fintech sector in Asia Pacific is booming
May 5th, 2016
The fintech sector in Asia Pacific is booming, according to Accenture’s ‘Fintech and the evolving landscape’ report. The study found that fintech investment in the region more than quadrupled to US$4.3 billion in 2015, which accounts for 19 percent ...
Nuspay Selects Microsoft Azure for Next-Gen Digital Currency Platform
May 5th, 2016
Nuspay, a technology leader in global digital currency announced that it has selected Microsoft Azure for its Next-Gen Digital Currency Platform. Microsoft Corp. delivers more than 200 cloud services, including Bing, MSN, Outlook.com, Office 365, OneDrive, Skype, Xbox Live ...
Taking the petro out of the dollar
May 4th, 2016
Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While the House of Saud remains strongly resistant to change, a mixture of reality and ...
Credit Suisse to Sell Distressed-Debt Portfolio for $1.27 Billion
May 4th, 2016
Credit Suisse will take new $100 million charge Credit Suisse Group AG agreed to sell a big chunk of distressed-debt assets, helping to speed the Swiss bank’s retreat from risky trading businesses. TSSP, a credit-investing affiliate of private-equity firm TPG, will ...
Deloitte Unveils Five Blockchain Partnerships and 20 Prototypes
May 4th, 2016
One of the largest accounting firms in the world, Deloitte, says it has partnered with five blockchain startups and built a wide range of prototypes to service industries including insurance, employee management and cross-border payments. The ‘Big Four’ accounting ...
Asian Stocks Fall as BOJ Leaves Monetary Policy Unchanged
April 28th, 2016
Shares slide in Tokyo market, led by brokerages and banks Economists confounded as BOJ refrains from adding to stimulus Asian stocks fell, led by a slump in Tokyo shares, after the Bank of Japan refrained from adding to its ...
