Credit News
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By AFP
Washington -
The American private sector's mounting debts pose a "moderate" risk to the world's largest economy, Federal Reserve Chairman Jerome Powell said Monday.
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By AFP
Washington -
Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday.
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The decline of cash has been predicted by many economists. The question is certainly 'when' rather than 'if'. China is perhaps making the greatest progress. A new initiative aims for rural communities to go cashless by 2020.
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In an effort to boost sales of its hardware, Apple are to experiment with offering interest-free iPhones in China. This signals an intense battle with the likes of Huawei and Samsung.
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Financial inclusion is on the rise globally as 69 percent of adults – 3.8 billion people – now have a bank account or mobile money provider. Key to achieving this have been fintechs, according to Steve Smith of Finicity
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Despite technological advances on mobile devices and mobile applications, there are still a wide variety of consumers who want to avoid the bank or credit card interaction and use electronic cash. Danny Shader, PayNearMe, explains why.
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By AFP
Frankfurt Am Main -
A German state-owned bank has found itself at the centre of a battle in the Democratic Republic of Congo over agricultural land dating back to the Belgian colonial period, AFP learned Monday.
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By AFP
Milan -
Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget.
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By AFP
Nusa Dua -
World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief Christine Lagarde said Wednesday, in a rebuke to nationalist politicians pushing tariffs and protectionism.
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By AFP
Frankfurt Am Main -
European Central Bank chief Mario Draghi on Thursday said Greece was "not eligible" to benefit from the bank's massive monthly bond purchases after the debt-laden country exits its bailout programme in August.
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By AFP
Atenas -
The scene has become familiar in Greece in recent months -- a middle-aged woman in a courthouse, trying to dodge an angry crowd shouting inches from her face."Get out, crow!
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By AFP
Shanghai -
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.
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By AFP
Shanghai -
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.
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By AFP
Shanghai -
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.
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Dropbox is moving into new, public territory. With a $600 million credit pool secured for a push to go public this year, the success of the file hosting service has been brought into sharper light.
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By AFP
Brussels -
The EU on Tuesday insisted Greece's economy remained on track despite a withering opinion by the IMF that Athens's debt was "unsustainable" and calling for further European debt relief.
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Many Americans are concerned about jobs and the economy. But despite today's business climate, most people remain optimistic when it comes to managing their wallet and personal finances.
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By AFP
Moscow -
"If you don't die by yourself, we'll help you," threaten the phone messages that Natalya, a 69-year-old Russian pensioner, has been receiving for months after falling further behind on her credit card payments.
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Sacramento -
Americans now owe over $885 billion of revolving debt, according to sources at the Federal Reserve and much of it is entangled in credit card debt. This might be one of the reasons online lending is growing.
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By AFP
Cabanatuan -
Philippine rice farmer Francisco Santo Domingo's life is in ruins after losing yet another gamble with nature, but the typhoon that destroyed his crops means gleeful loan sharks have again hit the jackpot.
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The UK's Which? consumer research group has found that contactless payment cards can be easily hacked using homemade technology. The card details can be stolen and then used to pay for goods online without further verification.
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Mastercard's head of emerging payment products has said that contactless payments with cards and phones will be accepted at every store in the UK and Europe before 2020, sparking a debate on whether this will actually be possible.
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An 11-year-old school student ran up a bill of over £3000 on his mother's card after a series of app and game purchases were charged repetitively by Google despite the payments failing. Google made hundreds of transactions in just a few days.
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Your credit score is critical. While it doesn't define you, it certainly determines whether or not you'll be able to buy a house or car with a reasonable interest rate (or at all).
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A study has revealed that early issues with Apple Pay are causing many earlier patriots to neglect regular use of the service. 47% of users have experienced issues in stores advertised as Apple Pay friendly.
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The recession and all its woes are supposed to be behind us, right? Yet far too many Americans are still struggling, and low credit scores are forcing them to pay more for core services and turn to high interest financial products.
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A restaurant server has been accused of editing the tips that customers gave her with extra numbers, adjusting a $5 tip to $15 or even $25, affecting at least 20 of the restaurant users.
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Mobile transactions firm Freecharge has raised $80 million from new investors to help fuel its growth. The company enables users to get free rewards such as food or entertainment by simply paying phone bills through its mobile app.
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By AFP
Frankfurt -
The European Central Bank has given the green light to make up to 60 billion euros ($68.5 billion) in emergency liquidity available to Greek banks, a source close to a national central bank told AFP on Thursday.
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Nearly 3 of 4 Americans (73%) would be concerned if they discovered their fiancé had a bad credit rating, according to a new survey by Capital One. Additionally, a spouse's bad credit rating is more likely to concern women (80%), compared to men (66%).
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Credit Image
Freecharge offers rewards if you pay your phone bill through them Freecharge
Credit Cards. Sean MacEntee (CC BY 2.0)
This is the "Douglas Money Equation" as formulated by Major C.H. Douglas (1879-1952).
Via Flickr / xJason.Rogersx
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