The prospect of President Vladimir Putin staying in the Kremlin until 2036 does not seem to be deterring buyers of Russia‘s high-yielding sovereign bonds
The Central Bank of Malta has announced that Government has directed locally-licensed banks to offer a moratorium on loan repayments. This decision has been implemented … Read more
Partial recovery in 2021 only if pandemic fades this year
A chilling analysis of economic prospects was made public by the International Monetary Fund on … Read more
Following an initial soft approach to the impact that COVID19 is having on American businesses, the White House has suddenly changed its approach and … Read more
Stock markets have seen volatile trading as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact.
Share markets across … Read more
Stock markets are on course for another day of heavy losses as concerns mount the coronavirus crisis will lock down global economic activity for an … Read more
The Bank of England has cut interest rates and announced help for businesses in an emergency move to provide support amid the coronavirus crisis.… Read more
Stocks and US government bond yields tumbled after oil prices crashed by almost a third, as the prospect of a crude price war hit global … Read more
Facebook is reportedly rethinking its plans for its own digital currency after resistance from regulators.
It is now considering a system with digital versions of … Read more
Global stock markets are racing towards their worst week since the financial crisis 12 years ago on mounting fears coronavirus will derail trade and industry.… Read more
The Australian share market has tumbled, with investors rattled by concerns about the spread of the coronavirus outbreak, and the selling could continue, with US … Read more
Cryptocurrencies as an investment class is becoming more popular among Swiss savers. Young people in particular are increasingly venturing into bitcoin and other digital money.… Read more
The iconic ski resort of Zermatt has become the second local authority in Switzerland to allow residents to pay their tax bills using the cryptocurrency … Read more
Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, has raised $80 million in a funding round backed by … Read more
Revolut has warned about reports that a small network of scammers is calling or sending SMS messages to customers pretending to be Revolut support agents.… Read more
European shares slipped from near record highs on Friday after a US air strike in Iraq killed a top Iranian commander and fanned tensions in … Read more
Harvest Technology plc, the technology group comprising IT solutions provider PTL Ltd, payment gateway specialist APCO Systems Ltd, and automation and security company APCO Ltd, … Read more
As of 1 December, retailers in Belgium will be obliged to round final totals to the nearest 5 cents in the case of cash payments, … Read more
The German Parliament passed a raft of anti-money-laundering measures to bring the country in line with EU directives.
The reform packet imposes stricter regulations for … Read more
Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday after a case that shook Italy’s … Read more
The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile … Read more
The Bank of England has warned that weak global growth and trade barriers created by the government’s Brexit deal will hit the UK economy.
It … Read more
Banks and fund managers want the European stock trading day shortened by 90 minutes in a radical move they say would improve market efficiency and … Read more
Britain’s government will not name a successor to Bank of England Governor Mark Carney before a national election due on Dec. 12, a finance ministry … Read more
Italian banking giant UniCredit said Monday that around three million of its clients in Italy were affected by a data breach in 2015, while stressing … Read more
Bank lending to euro zone companies plunged last month, suggesting that the bloc’s economic slowdown is finally slowing lending after a period of surprising resilience, … Read more
HSBC saw an 18% drop in pre-tax profit during the third quarter, as the bank warned of challenges ahead.
Europe’s largest bank said profit before … Read more
Hong Kong has fallen into recession, hit by more than five months of anti-government protests that show no signs of relenting, and is unlikely to … Read more
Ratings agency Standard & Poor’s said it would cut Britain’s AA credit rating if the country leaves the European Union without a deal and warned … Read more
Facebook Inc CEO Mark Zuckerberg conceded that the company’s planned digital currency Libra was a “risky project,” but sought to reassure sceptical US lawmakers that … Read more
The British pound skidded on Thursday after Northern Ireland’s Democratic Unionist Party said it could not support the Brexit deal as it currently stands.
Sterling … Read more
Facebook’s proposed global digital currency has suffered a setback after major payment companies including Mastercard, Visa and eBay pulled out.
Stripe and Latin American payments … Read more
A measure in a draft of a fiscal decree set to be linked to the government’s 2020 budget bill would enable the tax authorities to … Read more
Sterling fell in early London trading on Monday as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a … Read more
Romania’s industry “undergoes recession”, Raiffeisen Bank’s chief economist Ionut Dumitru said at a conference, adding that other sectors perform comparatively better.
The slowdown experienced by … Read more
Hong Kong may have lost as much as $4 billion in deposits to rival financial hub Singapore between June and August as political unrest escalated … Read more
European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018, according to the … Read more
Greek Finance Minister Christos Staikouras (2-R) Minister of Infrastructure and Transportation Kostas Karamanlis (R), Vice President of EIB Andrew Macdowell (2-L) and Athens regional governor … Read more
New Zealand announced that it plans to regulate the conduct of financial institutions with new measures including a ban on target-based sales incentives, following a … Read more
France and Germany have agreed to block Facebook’s Libra cryptocurrency, the French finance ministry said on Friday.
In a joint statement, the two governments affirmed … Read more