Archives
Popular Chinese internet forum launching its own crypto token
July 27th, 2018
In order to regain its steadily declining user base, Tianya Club, one of the oldest social networking platform has resorted to cryptocurrency by launching its own token called Tianyan Token (TYT). The internet forum which first went live in ...
Good news for EU companies exporting to Japan; A new Trade Agreement is signed
July 27th, 2018
The EU and Japan have signed an Economic Partnership Agreement (EPA) that will remove the majority of the EUR1bn (USD1.2bn) of duties paid annually by EU companies exporting to Japan. Negotiations toward an EPA began in 2013. An agreement ...
European Central Bank released monetary policy decision on interest rates
July 27th, 2018
At its meeting on July 26, 2018, the Governing Council of the European Central Bank decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain ...
Trade truce boosts the euro and hurts the US dollar
July 27th, 2018
The DXY dollar basket dropped to 94.08, down from a high of 95.65 last week. The dollar is under pressure from a range of negative drivers. Friday’s GDP print could be the blow off top for US growth and ...
Iran seeks to introduce a digital currency
July 26th, 2018
Iran is working on a digital currency as a solution to the re-imposed U.S. sanctions, Press TV reported Wednesday. A plan to create an indigenous crypto-currency was already on the agenda of the Directorate for Scientific and Technological Affairs ...
Easier to get a loan and demand for loans increased for euro area firms and households
July 26th, 2018
It became easier for euro area firms and households to borrow money in the second quarter of 2018 and demand for loans also increased. The negative impact of non-performing loans (NPLs) on credit conditions is decreasing, as the July ...
FCA banned four former directors of an online consumer credit broker
July 26th, 2018
The Financial Conduct Authority (FCA) has banned David James Carter Mullins, Edward John Booth, Christopher Paul Brotherton and Mark Robert Kennedy, the former directors and shareholders of Secure My Money Limited (now dissolved). The firm took fees of over ...
Artificial Intelligence improves efficiency significantly for law firms
July 26th, 2018
Law firms have been slower to adopt artificial intelligence (AI) technology than other sectors but clients say it improves time efficiency by 50 per cent. Law firms in the UK could improve their time efficiency by 50 per cent ...
Mobile Biometrics will verify trillions of dollars in mobile payments by 2023
July 26th, 2018
Mobile biometric technology is going to play a much bigger role in payments over the next few years, according to a new market forecast from Juniper Research. The UK-based firm predicts that by 2023, such technology will be used ...
Dollar slides against emerging market currencies
July 26th, 2018
The dollar fell against emerging market currencies Wednesday as investors awaited a meeting between President Donald Trump and European Commission President Jean-Claude Juncker. The dollar was recently down 1% against the Brazilian real and lost 1.2% against the Turkish ...
