Search Results for: World Bank
SWIFT launches gpi certification programme for global payment applications
September 12th, 2017
SWIFT announces today the launch of an approved certification programme for vendors that support SWIFT gpi in their payment applications. This certification programme will ensure that gpi capabilities are inherently available in these applications, thereby reducing both time and ...
China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades
September 11th, 2017
China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading ...
China is starting to roll back measures meant to prop up its currency
September 11th, 2017
China is starting to roll back measures meant to prop up its currency after a recent surge in the yuan erased all of last year’s losses. Starting today, the central bank has scrapped a reserve requirement rule on trades ...
See no evil, speak no evil…
September 1st, 2017
The Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues of the day: …where do the Fed and the ECB respectively think America and the ...
Fear of Future or Plans to Give Up Euro? Reasons Behind German Gold Repatriation
August 30th, 2017
Germany has completed the process of a partial return of its gold reserves from abroad. For the first time in the postwar era, more than half of its reserves have been brought back home. Like a Thunderbolt From a ...
Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way
August 29th, 2017
Many of those about to be vaporized did not grasp the fragility of the “prosperity” they assumed was both solid and permanent. Business-cycle recessions are not just inevitable, they are necessary to flush bad debt and marginal investments/projects ...
U.S. stock futures and Asian share markets tumbled; Yen jumped
August 29th, 2017
U.S. stock futures and Asian share markets tumbled on Tuesday, while the yen jumped to four-month highs against the dollar after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. S&P ...
How Bitcoin is making waves in the luxury market
August 28th, 2017
When Bitcoin and a subsequent raft of cryptocurrencies first landed in the early part of the decade, many people — including noted economists and finance experts — dismissed them as a fad. These new forms of digital money were ...
An early review of the main moves in markets: Yen advanced, U.S. equity futures fell
August 28th, 2017
Asian stocks fluctuated and U.S. equity futures fell as investors weighed the damage from Tropical Storm Harvey on U.S. oil refining centers. The greenback maintained losses after Federal Reserve Chair Janet Yellen failed to provide clues on monetary-policy tightening. ...
Gold – crossing the Rubicon
August 25th, 2017
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a dollar that will continue to weaken. The factors ...
