Search Results for: World Bank
Inflation? Deflation Is New Risk
October 31st, 2014
A generation of economists and central bankers who lived through the 1970s learned that there is a large risk from runaway inflation and that steps must be taken to stop it before it gets out of control. In reality, ...
Banque Internationale À Luxembourg Opens DIFC Branch
October 31st, 2014
Banque Internationale à Luxembourg (BIL), the oldest bank in Luxembourg, announced on October 27, 2014, that it has opened its first United Arab Emirates (UAE) branch in the Dubai International Financial Centre (DIFC). The bank said the opening of ...
Nikkei leads Asia higher after surprise BOJ move
October 31st, 2014
Japan led Asian shares higher after the Bank of Japan (BOJ) surprised markets by announcing more stimulus measures. In an unexpected decision, the BOJ eased monetary policy on worries that lower oil prices would affect consumer prices. The central ...
Sterling Lads Chats Show FX Traders Matching Fix Orders
October 30th, 2014
“Any fix quid?” a currency trader at Barclays Plc asked a counterpart at HSBC Holdings Plc at 2:25 p.m. on June 23, 2011. “Get 50 cable on fix,” he said as he tried to sell British pounds. “Nothing as ...
Wal-Mart and allies in face-off with Apple Pay over mobile payments
October 30th, 2014
Suddenly it’s Apple versus Wal-Mart in the fight for shoppers’ digital wallets. With the development of a new mobile payment system, a group of retailers led by Wal-Mart Stores (WMT.N) is aiming to upend the $4.5 trillion credit card ...
Former head of US regulator advising top Bitcoin companies
October 29th, 2014
A former chair of the Securities and Exchange Commission (SEC) has been appointed to the advisory board of the two major Bitcoin companies. Arthur Levitt, who served as chair of the SEC between 1993 and 2001, will advise Bitpay ...
The equity cult alive and kicking, despite deflation threat
October 29th, 2014
Anyone betting on another “Great Rotation” of investment flows out of bonds and into stocks is in for disappointment: it’s not happening, and isn’t going to. In a world where deflation, never the most fertile ground for equities, is ...
BitQuick’s New Campaign
October 29th, 2014
BitQuick is challenging USA and Europe to sell their bitcoins by using Bitquick.co. “We’re calling it the BitQuick challenge,” says Founder Jad Mubaslat. “We’re so confident users will come back, that we’re giving away $10 or 0.03 BTC, whichever ...
Calls for PM Abe to Delay Sales Tax Increase
October 27th, 2014
A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax decision. “I ...
Credit Suisse CEO says sees no material issues in forex probe
October 23rd, 2014
Credit Suisse (CSGN.VX) does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank’s chief executive said on Thursday. Around 15 authorities around the world, including Switzerland’s, are investigating allegations ...
