Search Results for: World Bank
Asian shares skid as bullish Fed take investors by surprise
January 29th, 2015
Asian shares extended losses on Thursday after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates this year despite an uncertain global outlook. A greater likelihood of ...
China’s yuan joins top 5 most-used global currencies
January 28th, 2015
China’s yuan has become one of the five most widely used currencies in global payments, an international financial transactions agency announced today. The yuan passed the Canadian and Australian dollars in popularity in December, according to the Society for ...
The Federal Reserve Bitcoin Strategy
January 28th, 2015
This morning The Federal Reserve Bitcoin Strategy was released in a paper outlining multiple options for improving the U.S. payment system. In the past, Digital currency had been deemed too immature. Now, after pressure from private sector interests, the ...
Greece will not default on bailout debts – PM Tsipras
January 28th, 2015
New Greek PM Alexis Tsipras says his country will not default on its debts. Addressing his first cabinet meeting since being elected on Sunday, the left-wing Syriza party leader said he would negotiate with creditors over the €240bn (£179bn; ...
ICAP Information Services partners with Wind Information Co.
January 27th, 2015
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that ICAP Information Services (IIS), the information division of ICAP, has partnered with Wind Information Co., Ltd (Wind Info), a ...
Iron ore price tumbles to fresh 5.5-year low
January 27th, 2015
Iron ore has tumbled to a fresh five-and-a-half-year low as a sharp decline in steel prices and softening demand from China, the world’s largest consumer, weigh on prices of the steelmaking material. The price of ore with 62 per ...
Swissquote and Manchester United announce global partnership
January 27th, 2015
Swissquote Bank is the official forex & online financial trading partner of Manchester United Manchester United has announced a multi-year global sponsorship deal with Geneva-based online forex trading company Swissquote. Neither party gave details on the value for the ...
Greece debt repayment in full is ‘unrealistic’, says Syriza
January 27th, 2015
It is unrealistic to expect Greece to repay its huge debt in full, the chief economics spokesman for the victorious Syriza party has told the BBC. “Nobody believes that the Greek debt is sustainable,” Euclid Tsakalotos said. The far-left ...
OPEC’s El-Badri Says $200 Oil Possible With Lack of Spending
January 26th, 2015
OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply. Crude futures pared losses in London and New York. “If you don’t invest in oil and gas, you will see more ...
Greece election: Anti-austerity Syriza leader Tsipras vows to end ‘pain’
January 26th, 2015
Anti-austerity Syriza party leader Alexis Tsipras has vowed to end Greece’s “five years of humiliation and pain” after his general election win. Before cheering supporters, Mr Tsipras again pledged to renegotiate Greece’s massive international bailout. With nearly all of ...
