Search Results for: World Bank
FMQ breaks $15 trillion
January 9th, 2017
Since August 2014, bank reserves at the Fed have fallen by $646.6bn, while the sum of cash, checking accounts and deposits held by the public has risen by $1990bn. The fiat money quantityi has now breached the $15 trillion ...
Korean won weakest major currency followed by pound and yen
January 9th, 2017
Korean won weakest major currency, followed by pound and yen Crude oil price down for first time in four sessions The offshore yuan had its biggest two-day fall since June as most other major currencies also slid, led by ...
What is the oil price projection for 2017? What are the expectations
January 5th, 2017
2017 oil price projected to rise to US$45-US$50 from US$43 last year AmInvestment Bank (AmInvest) is keeping its oil price projection of an average of US$45 to US$50 per barrel this year from US$43 per barrel last year, stating ...
UK: New Year brings in new penalties for enablers of offshore tax evasion
January 3rd, 2017
Accountants, bankers, lawyers and other advisors who enable offshore tax evasion will face tough new sanctions from today (1 January 2017). The new powers will see individuals or corporates who take deliberate action to help others evade paying tax ...
Investor optimism, global economic reality may clash in 2017
January 3rd, 2017
The economic outlook for this year looks similar to 2016 – uneven and unspectacular, according to economists worldwide polled by Reuters in December. The result is despite investor optimism about a breakout for the world economy. Many of the ...
The Nigerian Fintech landscape expands
January 3rd, 2017
Africa has caught the world’s attention with its advancements in the financial technology (fintech) space and usage of mobile money. The Nigerian fintech landscape, specifically, has the capability to become one of the most significant leaders in Africa’s innovation. ...
Dollar Retreats, While Stocks Advance With Crude: Markets Wrap
January 3rd, 2017
Most markets are trading for the first time in 2017 on Tuesday European equities climbed Monday on manufacturing strength Asian stocks advanced and crude oil climbed on the first full trading day of the New Year as a private ...
Drifting into fascism
December 30th, 2016
Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because ...
Monte Paschi to issue 15 billion euro in debt after EU approves liquidity support – paper
December 30th, 2016
Italy’s Banca Monte dei Paschi di Siena (BMPS.MI), which is being bailed out by the state, plans to issue 15 billion euros ($15.8 billion) of debt next year to restore liquidity and boost investor confidence, several newspapers said on ...
China going cashless thanks to fintech boom
December 30th, 2016
Standing in line at a Starbucks in downtown Shenzhen, I suddenly realize that no one in front of me is paying with cash. They aren’t paying by credit card either. In fact, I can’t see a single customer holding a wallet or a ...
