Search Results for: china
CUP and Visa Sign MOU to Collaborate on Payments Security, Innovation and Financial Inclusion
February 26th, 2016
China UnionPay (CUP) and Visa Inc. today signed a Memorandum of Understanding (MOU) in Shanghai with both parties agreeing to collaborate on payments security, innovation and financial inclusion. The MOU was signed between Shi Wenchao, President of CUP, and Charlie Scharf, Chief Executive Officer of Visa ...
Asia markets mostly higher; Sharp drops 15% on takeover deal
February 26th, 2016
Asian markets were mostly higher Friday, with Japan extending gains from the previous session and Australia closing flat. Market watchers will be focused on a two-day gathering of G20 finance ministers and central bankers in Shanghai that kicked off ...
Euromoney:Private Banking and Wealth Management Survey 2016
February 25th, 2016
UBS Wealth Management voted best global private bank; revenue outlook dimmer this year; asset management competition heats up. In Euromoney’s 13th annual private banking survey for 2016, UBS Wealth Management has made its way back to the top of ...
MWC 2016: Mastercard rolls out selfie ID checks
February 25th, 2016
Credit card firm Mastercard has confirmed it will accept selfie photos and fingerprints as an alternative to passwords when verifying IDs for online payments. It follows a trial of the software carried out in the US and Netherlands last ...
EU and Brazil to work together on 5G mobile technology
February 25th, 2016
The EU and Brazil today signed an agreement to develop 5G, the next generation of communication networks. The Commission also started work on an action plan to deploy the technology in the EU by 2020. In the future, everybody ...
Group of Twenty IMF Surveillance Note
February 25th, 2016
The global recovery has weakened further amid increasing financial turbulence and falling asset prices. Activity softened towards the end of 2015 and the valuation of risky assets has dropped sharply, especially in advanced economies, increasing the likelihood of a further ...
OECD:All interested countries and jurisdictions to be invited to join global efforts led by the OECD and G20 to close international tax loopholes
February 25th, 2016
The OECD today agreed a new framework that would allow all interested countries and jurisdictions to join in efforts to update international tax rules for the 21st Century. The proposal for broadening participation in the OECD/G20 Base Erosion and Profit Shifting ...
Gold Prices Up On Investor Jitters
February 25th, 2016
Gold prices are trading higher on investor jitters, as lower oil prices and falling equity markets increase the appeal of this haven asset. Spot gold is up 0.55% at $1,236.77 a troy ounce in morning European trade. “It’s all ...
Standard Chartered Drops After First Annual Loss Since 1989
February 24th, 2016
Loan impairments almost double to $4 billion, highest ever CEO Winters says performance to remain `subdued’ in 2016 Bill Winters took more “painful” steps to turn around Standard Chartered Plc as the bank posted its first annual loss since ...
Asia trades lower as market sentiment falls, ASX slips 2%, Shanghai down 1%
February 24th, 2016
Asia stocks traded mostly down Wednesday morning, with a combination of low oil prices, concerns over China and weak overnight data weighing on market sentiment. In Japan, the benchmark Nikkei 225 retraced losses over 1.7 percent early on to trade down ...
