July 6, 2015 Bangkok, Thailand While all eyes were on Greece this weekend, one of the largest banks in Lithuania quietly posted an awkward announcement to its customers. Interest rates are now negative. So negative, in fact, that the bank actually has to pay interest to some of its borrowers...
PayPal President Dan Schulman was quoted saying that expanding into international money transfer and remittances aligns with their strategic vision to democratize the movement and management of money...
This agreement extends Xiaomi's relationship with Intertrust Technologies Corporation, which owns WhiteCryption. Financial terms of the deal were not announced...
This week will mostly be dominated by the Greek uncertainty. On Sunday Greece voted against the plan proposed by its creditors sending financial markets down. The majority, 61.3% voted 'no' and 38.7% voted “YES”...
In fact, the Chinese government already has defacto control over everything online. Sixteen years ago, as the Internet rose in prominence in China, Web portals like Sohu.com and Netease.com had their offices routinely visited by government officials intent on censoring the Internet...
* 'No' vote romps to victory with 61 pct of vote * Tsipras says Greece returning to negotiating table * Euro zone summit called for Tuesday By Lefteris Papadimas and Renee Maltezou ATHENS, July 5 (Reuters) - Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, t...
Marchionne Sees Ferrari’s Value Exceeding $11 Billion in IPO Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles NV, expects its Ferrari SpA supercar-maker unit to be valued “at least” at 10 billion euros ($11 billion) in an initial public offering scheduled this year...
Greeks Head to Polls Divided on Vote to Chart New Course Greeks are heading to the polls Sunday, evenly split on a referendum to chart a new course in their five-year economic crisis...
Australian Watchdog Clarifies Actions Against Interactive Brokers ASIC has requested from Interactive Brokers to cease providing all over-the-counter FX services in Australia. Avi Mizrahi Regulation (Retail FX) Friday, 07/03/15 / 12:48...
Interactive Brokers Australia ordered to halt Forex services By Mike Fox on Thursday, 06.25.15 Australia’s financial regulator told Interactive Brokers Group Inc. to stop offering OTC currency trading services, ASIC withdrew it’s “no-action position” regarding the U...
Statistics showed that China Mobile gained 373,000 new users in May 2015 and its user group reached 816.335 million. Of those, the number of 4G users saw a net increase of 17.188 million and the total number of 4G users reached over 170 million...
New Shanghai Semiconductor Manufacturing International Corporation has attracted three new investors
Semiconductor Manufacturing International Corporation's new research business has attracted three new investors: Huawei, a Chinese telecom device maker; IMEC, a nanoelectronics research and development center; and Qualcomm Global Trading Pte. Ltd., a subsidiary of Qualcomm Incorporated...
No that the geopolitical backdrop makes investors nervous, they seem to prefer riskier assets like stocks. Quite a lot of investors got successful at trading stocks, and some of them even wrote books to teach others... let us see the best-sellers among books on trading stocks...
Greece's Prime Minister Alexis Tsipras announced a referendum to be held on July 5 so that the citizens could vote whether they accept further cuts suggested by creditors or not...
Forex brokers are taking preventive action ahead of a referendum on the bailout of Greece's debt. Fxpro is a broker who just announced the trading ahead of the implementation of the referendum, warning of debt Greece, which later became the issue that most seized the attention of the market...
New York Life Insurance Co. is targeting more deals after purchasing about 1.3 million policies from Manulife Financial Corp.’s John Hancock unit...
A poll showed more Greeks are leaning to accept deeper cuts - against the government’s call to vote against creditors’ terms for more aid...
On Tuesday Athens missed the deadline for a €1.5bn ($1.7bn) payment to the International Monetary Fund (IMF). Greece no longer has access to billions of euros in funds, as the previous eurozone bailout expired...
The Transatlantic Trade and Investment Partnership to be concluded between the European Union and the U.S. is aimed to lower tariffs and expand common standards and regulations. It would spur business between the two giants, possibly at the expense of Switzerland...
