Search Results for: Philippines
FSMA warns the public against the activities of supposed law firms
March 24th, 2016
The Financial Services and Markets Authority (FSMA) has issued a press release to warn the public against the activities of the supposed law firms Cole & Rushton LLC and Ernst & Taylor LLP, which are offering to help victims ...
Bangladesh Bank eyes NY Fed lawsuit after cyber theft
March 23rd, 2016
Bangladesh Bank (BB) – the country’s central bank- is considering filing a lawsuit against the Federal Reserve Bank of New York after cyber hackers stole $81m (£57m) from its account. BB has hired a US lawyer, but has not ...
Asia markets retrace losses; banks remain under pressure
February 8th, 2016
Markets in Australia and Japan rang in the year of the monkey on a slightly higher note, erasing early losses Monday. Most major Asian markets remained closed for the Lunar New Year holidays. Down Under, the ASX 200 erased losses of ...
Barclays to Close Several Businesses in Asia, Cut Around 1,000 Jobs
January 21st, 2016
The U.K. bank will shut regional cash equities operations, fully exit from Brazil, Russia, Taiwan and South Korea Barclays PLC Thursday said it would refocus its investment bank in the U.K. and the U.S., cutting around 1,000 jobs, mainly across ...
Southeast Asia Launches Huge Trade Bloc
December 30th, 2015
Ten countries formalize their integration efforts in a bid to rebalance regional power and riches Ten Southeast Asian nations start an ambitious, U.S.-backed experiment on Thursday: integrating their economies in a bid to bring more global sway and prosperity ...
World Economic League Table 2016 Highlights
December 29th, 2015
Slower Chinese GDP growth and a weaker currency mean that China is now forecast to overtake the US in 2029 compared with 2025 in last year’s forecasts. Japan has the weakest forecast growth of all major economies and is ...
Asia equities gain; New Zealand hits record high
December 23rd, 2015
Asia stocks followed their Wall Street peers higher on Wednesday as investors cheered strong U.S. data, a pause in the greenback’s rally and higher oil prices. Markets in Japan were shut for the Emperor’s Birthday. The region is expected ...
Putin seeks alliance to rival TPP
December 7th, 2015
Russian President Vladimir Putin intends to form an economic bloc, as an alternative to the US-led Trans-Pacific Partnership (TPP). He has asked the government to start making contacts with Asian countries. “I suggest that we and other Eurasian Economic ...
Putin: BRICS Bank & AIIB to strengthen global financial system
November 19th, 2015
The BRICS New Development Bank and China’s Asian Infrastructure Investment Bank will contribute to the strengthening and stability of the global financial system, according to Russian President Vladimir Putin. “Russia is actively participating in the work of the new ...
PayPal Completes Acquisition of Xoom
November 13th, 2015
PayPal, Inc. (NASDAQ:PYPL) and Xoom Corporation (NASDAQ:XOOM) announced that PayPal has completed its previously announced acquisition of Xoom. In accordance with the terms of the acquisition agreement announced on July 1, 2015, PayPal acquired all of the outstanding shares of ...
