Search Results for: banks
Schaeuble Shrugs Off Greek Vote Saying Euro Exit Is Best
July 16th, 2015
German Finance Minister Wolfgang Schaeuble told Greece the only way it’ll get a debt reduction is to leave the euro and cast doubt on the country’s ability to even complete negotiations on a third bailout. Schaeuble, who led the ...
Barclays’ second boss in a week exits the bank
July 16th, 2015
BARCLAYS deputy chairman Sir Mike Rake has become the second casualty of newly-installed chairman John McFarlane in a week, after he confirmed plans to leave the bank “by the end of 2015” yesterday – which leaves the rest of ...
Forex Broker FX World Under Investigation by City of London Police
July 16th, 2015
Currencies-trading firm’s license was suspended in June, says FCA The City of London police are conducting a fraud investigation into currencies-trading firm FX World, according to a person familiar with the matter. “ are investigating a foreign-exchange company in ...
Africa Mobile Money Market Worth $14.27 Billion by 2020
July 15th, 2015
According to a new market research report, “Africa Mobile Money Market by Transaction mode (NFC/Smart Cards, Direct Mobile Billing, Mobile Web/WAP Payments, SMS, STK/USSD, and others), by Nature of Payment, by Location, by Type of Purchase, and by Country ...
China Growth Beats Economists’ Forecast as Stimulus Kicks In
July 15th, 2015
China’s economic growth proved resilient in the second quarter as policy makers stepped up support and a stock market boom — since soured — spurred services. Gross domestic product rose 7 percent in the three months through June from ...
Greece Holds Out, Wins Even Worse Deal
July 14th, 2015
The hostile takeover is almost complete. On Sunday Greece agreed not just to Germany’s original demands, but to even more: “(Bloomberg) – The conditions that Tsipras swallowed comprised a laundry list of unfinished business from Greece’s two previous bailouts ...
3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap
July 14th, 2015
Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone. But as you will see below, ...
R5FX selects smartTrade Technologies for emerging markets FX Platform
July 14th, 2015
smartTrade Technologies, has been appointed to build and host the e-trading platform for R5FX, the new liquidity pool specialising in the trading of emerging market currencies. Electronic trading in emerging markets FX (EMFX) has seen an increase of 300% ...
Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro
July 14th, 2015
Exclusive: A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals ...
Bats Plans Block-Trading Service to Prepare for Dark-Pool Rules
July 14th, 2015
Bats Chi-X Europe will unveil a block-trading initiative within months as markets prepare for European Union rules that will restrict dark-pool trading. “We fully intend to facilitate large-in-scale trading and we will be unveiling highly competitive initiatives in the ...
