Search Results for: World Bank
G20 summit concludes with historic consensus on world growth
September 6th, 2016
The 11th summit of the Group of 20 (G20) major economies concluded in Hangzhou on Monday, reaching extensive consensus on pursuing innovative, invigorated, interconnected and inclusive world economic growth. “Held at a critical time for world economic growth and ...
Reserve Bank of Australia decided to leave the cash rate unchanged at 1.50 per cent
September 6th, 2016
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the ...
Hanjin Shipping bankruptcy causes turmoil in global sea freight
September 2nd, 2016
The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tonnes of goods being carried by the South Korean company will ...
Fintech CurrencyFair poaches ex-AO World chairman to supercharge growth
August 25th, 2016
Peer-to-peer online money exchange platform CurrencyFair has poached Richard Rose, the former chairman of AO World, to be its new chairman, hoping Rose can help CurrencyFair grow to a similar size as the listed white goods retailer. Veteran businessman ...
Saxo Bank continues MENA region build-out with key management appointments
August 23rd, 2016
Saxo Bank, the online investment and trading specialist, announces today two senior appointments as it continues to grow and invest in its retail and institutional functions across the Middle East, reflecting the region’s importance as a growth hub for ...
Bitcoin to withdraw from Turkey, due to failure to find bank to collaborate with
August 23rd, 2016
The electronic currency Bitcoin (BTC) has halted TL deposits into BTCTürk, which gives investors the opportunity to conduct transactions with TL/BTC conversion. After Paypal’s decision to pull out of Turkey, which resulted from failing to acquire the necessary permits, the ...
Bank of Japan released review on FX margin trading in Japan
August 22nd, 2016
The Bank of Japan has issued a Review to make publish recent trends in Foreign Exchange (FX) margin trading in Japan. Below is a summary of the Review: Foreign exchange (FX) margin trading in Japan has an enormous impact ...
CBA warns for possible account fraud when sharing banking passwords with fintech start-ups
August 22nd, 2016
Commonwealth Bank of Australia has sent alarming emails to thousands of its customers who are engaging with fintech start-ups, warning that sharing internet banking passwords could invalidate the protection CBA provides from losses on accounts relating to fraud. But Acorns, which is competing with the banks’ retail wealth divisions, says CBA’s communication is ...
Yen’s World-Beating Surge to 100 Has Traders in Buy-on-Dip Mode
August 19th, 2016
Dollar will lack trend until Fed keeps raising rates: Shinkin Options show traders remain bullish on Japanese currency Any lull in the yen’s rally past 100 per dollar is being seen as a buying opportunity for Japanese investors who ...
Multi-platform software wallet Jaxx now stores Dash, the seventh most valued cryptocurrency in the world
August 17th, 2016
Multi-platform software wallet Jaxx now stores Dash, the seventh most valued cryptocurrency in the world with a market cap of about $80 million. Jaxx is available across nine platforms and devices including Android and iOS Mobile, Android and iOS Tablet, Firefox and Chrome Extensions, ...
