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5h
Business Standard India
China's overnight rate rises most in six months before holidaysChinese financial markets will be closed on Thursday and Friday for World War I
China's overnight rate rises most in six months before holidays
Business Standard India / Posted 5 hours ago
Chinese financial markets will be closed on Thursday and Friday for World War II victory day holidays and one-day inter-bank borrowing won't need to be repaid until SundayChinese... Read more
6h
Zero Hedge
Why the Next Crisis Will Be Worse Than 2008Yesterday I outlined how the next Crash will play out. Today we’ll assess why
Why the Next Crisis Will Be Worse Than 2008
Zero Hedge / Posted 6 hours ago
Yesterday I outlined how the next Crash will play out. Today we’ll assess why this Crisis will be worse than the 2008 Crisis. By way of explanation, let’s consider how the current monetary system works… The current global monetary system is based... Read more
10h
PhysOrg
Risk of financial crisis higher than previously estimatedBanking systems are linked through multiple types of interactions, or layers. T
Risk of financial crisis higher than previously estimated
PhysOrg / Posted 10 hours ago
Banking systems are linked through multiple types of interactions, or layers. This figure shows the multi-layer network of the Mexican banking system analyzed in the study. Credit: © Poledna, et al. (2015) Journal of Financial Stability The study,... Read more
10h
AllAfrica.com
Understanding Financial InnovationFinancial innovation can be defined as the act of creating and then popularisin
Understanding Financial Innovation
AllAfrica.com / Posted 10 hours ago
Financial innovation can be defined as the act of creating and then popularising new financial instruments. This implies advances over time in the financial instruments and payment systems used in the lending and borrowing of funds as well as... Read more
10h
AllAfrica.com
Regional Currencies Remain Under PressureBy Staff Writer and Agencies TANZANIAN shilling is expected to continue slidin
Regional Currencies Remain Under Pressure
AllAfrica.com / Posted 10 hours ago
By Staff Writer and Agencies TANZANIAN shilling is expected to continue sliding against the dollar this week, undermined by demand from trading and oil companies. Commercial banks quoted the shilling at 2,145/2,155 to the dollar on Friday, weaker... Read more
14h
AllAfrica.com
Mobile Money Gets Boost As CBN Loosens Restriction On TelcosWith the review of the mobile money guidelines, which allows for the participat
Mobile Money Gets Boost As CBN Loosens Restriction On Telcos
AllAfrica.com / Posted 14 hours ago
With the review of the mobile money guidelines, which allows for the participation of the telecommunication companies, the adoption of this form of banking is expected to get a significant boost. Surveys had attributed the slow pace of adopting the... Read more
15h
AllAfrica.com
Broad Money Supply Accelerates in JuneZIMBABWE'S broad money supply accelerated in June after surging 5,1 percent yea
Broad Money Supply Accelerates in June
AllAfrica.com / Posted 15 hours ago
ZIMBABWE'S broad money supply accelerated in June after surging 5,1 percent year on year, faster than May's 3,75 percent rise, according to the Reserve Bank of Zimbabwe. On a month-on-month basis, broad money supply, or M3, rose by 1,25 percent in... Read more
15h
AllAfrica.com
Shilling Sinks 24% in Eight MonthsTHE shilling has depreciated by almost 24 per cent in eight months since Januar
Shilling Sinks 24% in Eight Months
AllAfrica.com / Posted 15 hours ago
THE shilling has depreciated by almost 24 per cent in eight months since January to close the yester-market at 2,146/- a US dollar. The drop in the first eight months of 24 per cent is four times higher than the amount of depreciation in the same... Read more
1d
The Globe and Mail
UBS taps famed photographer Leibovitz for image overhaulOther video ads contrast the emphasis on photography with text-only questions s
UBS taps famed photographer Leibovitz for image overhaul
The Globe and Mail / Posted yesterday
Other video ads contrast the emphasis on photography with text-only questions such as “Is this the life I dreamed of as a little girl?” and “What shall we name the twins?” accompanied by emotional music. The tagline for the campaign is, “Together we... Read more
1d
Crain's New York Business
Blythe Masters says a Bitcoin technology will revolutionize financeBlythe Masters is now working a tech startup Digital Asset Holdings. The penth
Blythe Masters says a Bitcoin technology will revolutionize finance
Crain's New York Business / Posted yesterday
Blythe Masters is now working a tech startup Digital Asset Holdings. The penthouse meeting room in Le Parker Meridien hotel in midtown Manhattan is humming with chatter on this June afternoon. About a hundred money managers are networking at the end... Read more
2 related stories
1d
Finextra
Payveris and Access Softek form allianceUnder this partnership Access Softek will introduce Payveris' online and mobile
Payveris and Access Softek form alliance
Finextra / Posted yesterday
Under this partnership Access Softek will introduce Payveris' online and mobile digital payments capabilities to their client base of more than 400 banks and credit unions nationwide. Payveris offers a full range of bill payment, money movement and... Read more
1d
The Hindu
Rupee closes 26 paise higher at 66.22 against USDThe domestic currency has already dropped 44 pais in the previous two sessions.
Rupee closes 26 paise higher at 66.22 against USD
The Hindu / Posted yesterday
The domestic currency has already dropped 44 pais in the previous two sessions. Snapping its 2-day losing streak, the rupee recovered by 26 paise to close at 66.22 against the US dollar today on fresh selling of the greenback by banks and exporters... Read more
1d
AllAfrica.com
External Reserves Rise to U.S.$31.43 BillionNigeria's foreign exchange reserves were $31.43 billion on August 27, up by 1.1
External Reserves Rise to U.S.$31.43 Billion
AllAfrica.com / Posted yesterday
Nigeria's foreign exchange reserves were $31.43 billion on August 27, up by 1.12 per cent from $31.08 billion a month earlier, data from the Central Bank of Nigeria (CBN) showed on Monday. The forex reserves of Africa's top crude exporter were down... Read more
1d
The Standard
People's Bank of China pumps more liquidity into marketThe People's Bank of China carried out 150 billion yuan of seven-day reverse re
People's Bank of China pumps more liquidity into market
The Standard / Posted yesterday
The People's Bank of China carried out 150 billion yuan of seven-day reverse repurchase agreements (repo), a process in which the central bank purchases securities from banks with an agreement to resell them in the future. The reverse repo was... Read more
1d
Business Spectator
RBA holds cash rate at record low 2%The Reserve Bank has held the official cash rate steady at its September board
RBA holds cash rate at record low 2%
Business Spectator / Posted yesterday
The Reserve Bank has held the official cash rate steady at its September board meeting today following recent global sharemarket turmoil. The decision to hold interest rates at the record-low 2 per cent was in line with expectations. All 27... Read more
3 related stories
1d
The Star
Malaysia, Indonesia are not weak linksThey have better ‘metrics’ compared with peers, says Nomura PETALING JAYA: Mal
Malaysia, Indonesia are not weak links
The Star / Posted yesterday
They have better ‘metrics’ compared with peers, says Nomura PETALING JAYA: Malaysia and Indonesia look like the “weak links in the region, but they actually have better metrics” compared with similarly rated sovereigns, including commodity-exporting... Read more
2d
Business Wire
Macquarie Infrastructure Corporation Announces Enhancements to CapitalizationNEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE:MIC) has
Macquarie Infrastructure Corporation Announces Enhancements to Capitalization
Business Wire / Posted 2 days ago
NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE:MIC) has announced the completion of a financing of its Bayonne Energy Center (BEC) power generating business and an increase in the available capacity under its holding company... Read more
2d
Business Standard India
Rupee drops 32 paise to one-week lowBesides, a fresh fall in equity market affected the value of the rupee against
Rupee drops 32 paise to one-week low
Business Standard India / Posted 2 days ago
Besides, a fresh fall in equity market affected the value of the rupee against the dollarBesides, a fresh fall in equity market affected the value of the rupee against the dollar The rupee declined by 32 paise to... Read more
3 related stories
2d
AllAfrica.com
JSE Launches Interest Rate Swap FuturesJohannesburg — THE Johannesburg Stock Exchange (JSE), which is the continent's
JSE Launches Interest Rate Swap Futures
AllAfrica.com / Posted 2 days ago
Johannesburg — THE Johannesburg Stock Exchange (JSE), which is the continent's largest bourse, has officially launched the JSE Eris Interest Rate Swap (IRS) Futures. It will be based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated... Read more
2d
AllAfrica.com
Low Liquidity Shores Up Market RatesFinancial Market. Image sourceinvestmentdivThe assessed low liquidity in the fi
Low Liquidity Shores Up Market Rates
AllAfrica.com / Posted 2 days ago
Financial Market. Image sourceinvestmentdivThe assessed low liquidity in the financial market last week, caused money market rates to trend high on all trading days of the week. The market had opened the week with opening balance of N72.3 billion,... Read more
2d
Finextra
TAS Group launches partner programmeThe TAS Partner Program integrates the best aspects of TAS Group’s past program
TAS Group launches partner programme
Finextra / Posted 2 days ago
The TAS Partner Program integrates the best aspects of TAS Group’s past programs with the most successful components of regional partnerships. The TAS Partner Program focuses on unique value propositions within the financial industry through four... Read more
2d
The Hindu
US dollar appreciates against rupeeThe US dollar appreciated against the rupee at 66.48/49 per dollar and the poun
US dollar appreciates against rupee
The Hindu / Posted 2 days ago
The US dollar appreciated against the rupee at 66.48/49 per dollar and the pound sterling finished higher at Rs 102.51/53 per pound at the close of the Interbank Foreign Exchange market on Monday. Following are the Interbank Forex and RBI... Read more
2d
Zero Hedge
JPMorgan: "Nothing Appears To Be Breaking" But "Something Happened"If you thought you were merely on the fence about being confused on the topic o
JPMorgan: "Nothing Appears To Be Breaking" But "Something Happened"
Zero Hedge / Posted 2 days ago
If you thought you were merely on the fence about being confused on the topic of the global economy, and how the Fed may be on the verge of a rate hike when on both previous occasions when financial conditions were here the Fed was launching QE1 and... Read more
4d
New Kerala
'Made in China' crash doomed Indian equities, rupee (Weekly Review) A slowdown in the Chinese markets, which led to a global markets' crash, coup
'Made in China' crash doomed Indian equities, rupee (Weekly Review)
New Kerala / Posted 4 days ago
A slowdown in the Chinese markets, which led to a global markets' crash, coupled with rupee volatility and the risk of a US rate hike knocked-out the Indian equity markets in the... Read more
11 related stories
4d
International Business Times
Banks and compliance: How a new communications system could prevent rate fixing scenarios The rigging of the London Interbank Offered Rate (Libor) by Citicorp, JP Morgan
Banks and compliance: How a new communications system could prevent rate fixing scenarios
International Business Times / Posted 4 days ago
The rigging of the London Interbank Offered Rate (Libor) by Citicorp, JP Morgan Chase, Barclays, Royal Bank of Scotland and UBS has resulted in fines of more than $5.8bn (£3.75bn, € 5.3bn) and major bank's images being severely harmed. Although... Read more
4d
The Malaysian Insider
Interbank money market likely to remain stable Published: 29 August 2015 10:43 AM The Malaysian interbank money market is l
Interbank money market likely to remain stable
The Malaysian Insider / Posted 4 days ago
Published: 29 August 2015 10:43 AM The Malaysian interbank money market is likely to remain stable next week on Bank Negara Malaysia's (BNM) intervention to manage excess liquidity and boost the... Read more
5d
The Hindu
Rupee retreats; falls 10 paise at 66.14 against USDThe rupee weakened by 10 paise to end at 66.14 against the US dollar, due to mo
Rupee retreats; falls 10 paise at 66.14 against USD
The Hindu / Posted 5 days ago
The rupee weakened by 10 paise to end at 66.14 against the US dollar, due to month-end demand for the American currency from importers and banks. Sustained capital outflows by foreign funds and a sudden spike in crude oil prices globally, too... Read more
13 related stories
5d
Business Standard India
Rupee retreats; falls 10 paise at 66.14Sustained capital outflows by foreign funds and a sudden spike in crude oil pri
Rupee retreats; falls 10 paise at 66.14
Business Standard India / Posted 5 days ago
Sustained capital outflows by foreign funds and a sudden spike in crude oil prices globally weighed on the currencyThe rupee weakened by 10 paise to end at 66.14 against the US dollar due to month-end demand for... Read more
13 related stories
5d
New Kerala
Global sentiments cheer markets, Sensex surges over 160 points (Roundup) Healthy growth in Chinese exchanges and the US economy, coupled wit
Global sentiments cheer markets, Sensex surges over 160 points
New Kerala / Posted 5 days ago
(Roundup) Healthy growth in Chinese exchanges and the US economy, coupled with attractive valuations, buoyed investor sentiment in Indian equity markets on Friday. Bullish sentiments... Read more
11 related stories
5d
Channel NewsAsia
China's central bank likely to ease policy again by end-December: Reuters pollREUTERS: China's central bank is highly likely to ease monetary policy again by
China's central bank likely to ease policy again by end-December: Reuters poll
Channel NewsAsia / Posted 5 days ago
REUTERS: China's central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm financial markets. The People's Bank of... Read more
59 related stories
5d
Reuters UK Edition
China's central bank likely to ease policy again by end-December: Reuters pollA Chinese national flag flutters outside the headquarters of the People's Bank
China's central bank likely to ease policy again by end-December: Reuters poll
Reuters UK Edition / Posted 5 days ago
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. China's central bank is highly likely to ease monetary policy again by the end of this year, according to... Read more
59 related stories
5d
Reuters
China's central bank likely to ease policy again by end-December: Reuters pollA Chinese national flag flutters outside the headquarters of the People's Bank
China's central bank likely to ease policy again by end-December: Reuters poll
Reuters / Posted 5 days ago
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. China's central bank is highly likely to ease monetary policy again by the end of this year, according to... Read more
59 related stories
5d
AllAfrica.com
JP Morgan Index - No to Devaluation BlackmailThe threat by JP Morgan Index Team, a unit of the American Bank, JP Morgan to d
JP Morgan Index - No to Devaluation Blackmail
AllAfrica.com / Posted 5 days ago
The threat by JP Morgan Index Team, a unit of the American Bank, JP Morgan to delist Nigeria from its Government Bond Index, if the Central Bank fails to reverse all of its efforts to manage the negative effects of the sharp fall in oil prices is... Read more
5d
AllAfrica.com
Customs Impounds 159 Consignments, Rakes in N167 Billion in Six MonthsNo fewer than 159 consignments were detained by the Nigeria Customs Service (NC
Customs Impounds 159 Consignments, Rakes in N167 Billion in Six Months
AllAfrica.com / Posted 5 days ago
No fewer than 159 consignments were detained by the Nigeria Customs Service (NCS), Apapa Area Command between January and July this year, according to data obtained by THISDAY. According to the release, about 153 of the seized consignments were... Read more
5d
Business Standard India
China central bank injects 60 bn yuan via short-term liquidity operationsChina's central bank said on Friday that it injected 60 billion yuan ($9.39 bil
China central bank injects 60 bn yuan via short-term liquidity operations
Business Standard India / Posted 5 days ago
China's central bank said on Friday that it injected 60 billion yuan ($9.39 billion) into interbank money market via short-term liquidity operations (SLOs). The seven-day loans have an average interest rate of 2.35%, the People's Bank of China... Read more
10 related stories
5d
AllAfrica.com
ZSE Prepares Listing of Debt InstrumentsThe Zimbabwe Stock Exchange is at an advanced stage in preparations for the lis
ZSE Prepares Listing of Debt Instruments
AllAfrica.com / Posted 5 days ago
The Zimbabwe Stock Exchange is at an advanced stage in preparations for the listing of debt instruments on the bourse which will offer the market a wider array of tradable securities beyond just shares and debentures. As part of the preparations for... Read more
5d
Zawya
Credit growth up by KD 453mn in JuneKuwaitCredit growth up by KD 453mn in June Credit growth in June was strong, but ann
Credit growth up by KD 453mn in JuneKuwait
Zawya / Posted 5 days ago
Credit growth up by KD 453mn in June Credit growth in June was strong, but annual growth eased slightly to 5.2 percent y/y on basis effects. Lending was up by KD 453 million during the month. While much of the gain came from lending for securities... Read more
5d
The Hindu
Rupee marginally up at 66.02 against dollar in early tradeThe rupee recovered marginally by two paise to 66.02 against the US dollar in e
Rupee marginally up at 66.02 against dollar in early trade
The Hindu / Posted 5 days ago
The rupee recovered marginally by two paise to 66.02 against the US dollar in early trade today amid gains in stock markets. Dealers said a higher opening in the domestic equity market and dollar’s weakness against other currencies overseas supported... Read more
13 related stories
5d
Channel NewsAsia
Rabobank traders seek dismissal of US charges over Libor schemeNEW YORK: Two former Rabobank traders urged a U.S. judge on Thursday to dismiss
Rabobank traders seek dismissal of US charges over Libor scheme
Channel NewsAsia / Posted 5 days ago
NEW YORK: Two former Rabobank traders urged a U.S. judge on Thursday to dismiss an indictment accusing them of engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of a global investigation into misconduct at several... Read more
6d
Business Standard India
Rupee recovers 10 paise to 66.04The currency recovered on fresh selling of dollar by banks and exportersAfter a
Rupee recovers 10 paise to 66.04
Business Standard India / Posted 6 days ago
The currency recovered on fresh selling of dollar by banks and exportersAfter a brief overnight fall, the rupee recovered by 10 paise to settle at 66.04 against the American currency on fresh selling of dollar by banks... Read more
13 related stories
6d
The Hindu
Rupee recovers 10 paise to 66.04 against US dollarAfter a brief overnight fall, the rupee recovered by 10 paise to settle at 66.0
Rupee recovers 10 paise to 66.04 against US dollar
The Hindu / Posted 6 days ago
After a brief overnight fall, the rupee recovered by 10 paise to settle at 66.04 against the American currency, on fresh selling of dollar by banks and exporters, amid a smart rebound in local equity markets. The domestic unit opened sharply higher... Read more
13 related stories
6d
Quartz
Everything you’ve heard about China’s stock market crash is wrong - Quartz market correction This week’s Chinese stock market implosion has be
Everything you’ve heard about China’s stock market crash is wrong
Quartz / Posted 6 days ago
- Quartz market correction This week’s Chinese stock market implosion has been widely viewed as a reaction to the... Read more
6d
The Standard
People’s Bank of China injects 150b yuan into marketThe central bank conducted 150 billion yuan of seven-day reverse repurchase agr
People’s Bank of China injects 150b yuan into market
The Standard / Posted 6 days ago
The central bank conducted 150 billion yuan of seven-day reverse repurchase agreements (repo), a process in which central banks purchase securities from banks with an agreement to resell them. The reverse repo was priced to yield 2.35 percent, down... Read more
10 related stories
6d
Business Insider
China has tried 40 things to prop up its crumbling markets in the last 3 months — and only one of them has workedThere are lots of them (40 by our count) and they haven't really worked. Thing
China has tried 40 things to prop up its crumbling markets in the last 3 months — and only one of them has worked
Business Insider / Posted 6 days ago
There are lots of them (40 by our count) and they haven't really worked. Things like rate cuts, loosening rules on pension fund investing, and banning short selling look more like the result of fear than carefully considered policy. There's only... Read more
6d
This is Oxfordshire
Deutsche Bank staff 'quizzed over Libor rate-rigging'Current and former Deutsche Bank employees are reportedly being questioned by t
Deutsche Bank staff 'quizzed over Libor rate-rigging'
This is Oxfordshire / Posted 6 days ago
Current and former Deutsche Bank employees are reportedly being questioned by the Serious Fraud Office (SFO) in relation to Libor rate-rigging. It comes after the Frankfurt-based bank was fined £1.6 billion earlier this year in settlements with US... Read more
14 related stories
6d
Lancashire Telegraph
Deutsche Bank staff 'quizzed over Libor rate-rigging'Current and former Deutsche Bank employees are reportedly being questioned by t
Deutsche Bank staff 'quizzed over Libor rate-rigging'
Lancashire Telegraph / Posted 6 days ago
Current and former Deutsche Bank employees are reportedly being questioned by the Serious Fraud Office (SFO) in relation to Libor rate-rigging. It comes after the Frankfurt-based bank was fined £1.6 billion earlier this year in settlements with US... Read more
14 related stories
6d
Northern Echo
Deutsche Bank staff 'quizzed over Libor rate-rigging'The report said that a number of traders had been questioned over the manipulat
Deutsche Bank staff 'quizzed over Libor rate-rigging'
Northern Echo / Posted 6 days ago
The report said that a number of traders had been questioned over the manipulation of Libor - the London interbank offered rate - and its euro counterpart, according to sources. It added that at least one banker was interviewed under caution. The... Read more
14 related stories
6d
West Moreland Gazette
Deutsche Bank staff 'quizzed over Libor rate-rigging'Current and former Deutsche Bank employees are reportedly being questioned by t
Deutsche Bank staff 'quizzed over Libor rate-rigging'
West Moreland Gazette / Posted 6 days ago
Current and former Deutsche Bank employees are reportedly being questioned by the Serious Fraud Office (SFO) in relation to Libor rate-rigging. It comes after the Frankfurt-based bank was fined £1.6 billion earlier this year in settlements with US... Read more
14 related stories
6d
Kingston Guardian
Deutsche Bank staff 'quizzed over Libor rate-rigging'Current and former Deutsche Bank employees are reportedly being questioned by t
Deutsche Bank staff 'quizzed over Libor rate-rigging'
Kingston Guardian / Posted 6 days ago
Current and former Deutsche Bank employees are reportedly being questioned by the Serious Fraud Office (SFO) in relation to Libor rate-rigging. It comes after the Frankfurt-based bank was fined £1.6 billion earlier this year in settlements with US... Read more
14 related stories
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