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Finance News

Headway on AIDS threatened by funding slowdown

Paris - Progress in beating back the AIDS epidemic risks being eroded by a funding shortfall set to grow under Donald Trump's proposed cuts to global health projects, experts and campaigners warned ahead of a major HIV conference.

Britain unveils Jane Austen bank note on anniversary

Winchester - The Bank of England on Tuesday unveiled a new bank note featuring Jane Austen to coincide with the author's death 200 years ago after a campaign to include more women on Britain's currency.The new note worth ten pounds ($13, 11.

Citigroup staffing up for new center to unleash robotics

Citigroup is staffing up for the robotic revolution. The New York-based financial services giant has plastered online jobs boards advertising roles at a new automation center that will deploy new robotic technology throughout the bank.

G20 nations vow terror funding crackdown

Hamburg - The G20 group of major economies agreed Friday to redouble efforts to tackle the financing of extremist groups, in a rare point of agreement during a fractious summit in Germany.

China's LeEco put under pressure as co-founder's assets frozen

LeEco has said its ongoing financial crisis is "far worse than expected" and it is still rapidly running out of cash. Its billionaire co-founder resigned today, hours after having his personal bank accounts and assets frozen due to outstanding debt.

Ex-Barclays CEO appears in court over fraud charges

London - Former Barclays chief executive John Varley appeared in a London court on Monday over fraud accusations, the first time a boss of a global bank has faced charges arising from the 2008 financial crisis.

Crowdfunding is growing beyond tech, but is it really the future?

Crowdfunding sites are all the rage right now. Kickstarter and Indiegogo have given start-ups a new way to gain exposure and lift their brand off the ground. The approach is also revolutionising established industries though, from real estate to banking.

Bitcoin pushes past the $3,000 mark, then slides downwards

Bitcoin hit an unprecedented milestone today, reaching the $3,000 mark and setting a new lifetime value record. It comes just weeks after the cryptocurrency broke through $2,000. Its value fell throughout the rest of the day though.

Bitcoin is soaring — here's what the cryptocurrency is all about

Bitcoin is a currency just like the US dollar or Mexican peso. It's also back in the headlines for soaring in value. One bitcoin was worth $2,800 on May 25, up from $1,200 at the end of April.

G7 vows cyber action as partners warm to team Trump

Bari - G7 finance chiefs vowed Saturday to unite against cyber crime as they wrapped up talks marked by signs of a thaw in the frosty relations between the US administration and its main partners.

G7 finance chiefs talk cyber security in wake of attacks

Bari - G7 finance ministers turned their focus Saturday to combating cyber crime in what Italy's Pier Carlo Padoan described as an "unfortunately very timely" discussion.

G7 finance chiefs meet as Trump trade doubts linger

Bari - G7 finance ministers meet Friday in Italy, seeking common ground and stability on future world trade after US President Donald Trump's declaration that "America First" would be his mantra.

US Senate confirms Jay Clayton as new SEC chief

Washington - The US Senate confirmed attorney Jay Clayton as the new head of the Securities and Exchange Commission tasked with regulating Wall Street and America's financial sector.

'Tontine' microcredit helps Senegal women do business

Ta - After months of waiting, 50-year-old Ndeye Khari Pouye has finally won the "cagnotte de la tontine", a precious jackpot to help feed her chickens and maintain her livelihood.

French minister probed for hiring daughters as aides

Paris - French Interior Minister Bruno Le Roux was placed under preliminary investigation on Tuesday for hiring his two daughters as parliamentary aides, prompting comparisons with scandal-hit presidential hopeful Francois Fillon.

French minister fights for survival after hiring daughters

Paris - France's Interior Minister Bruno Le Roux was fighting for political survival on Tuesday after it emerged that he hired his two teenage daughters as parliamentary assistants, earning comparisons with scandal-hit presidential hopeful Francois Fillon.

Plan to nurture African economies unites fractious G20

Baden-baden - Ministers from the world's top economies heralded plans to boost development in Africa on Saturday, at an otherwise fractious G20 gathering in Germany.

Contentious G20 shows US needs time to 'adapt': Lagarde

Baden-baden - IMF chief Christine Lagarde sought to play down fears over the US weakening international commitments to free trade and climate change Saturday, saying the new White House needed time to "adapt and learn".

G20 ministers struggle to find consensus on trade, climate

Baden-baden - Finance ministers and central bankers from top economies are battling Saturday to find common ground on world trade in the face of US President Donald Trump's "Buy American" drive.

G20 ministers struggle to find consensus on trade, climate

Baden-baden - Finance ministers and central bankers from top economies are battling Saturday to find common ground on world trade in the face of US President Donald Trump's "Buy American" drive.

G20 ministers struggle to find consensus on trade, climate

Baden-baden - Finance ministers and central bankers from top economies are battling Saturday to find common ground on world trade in the face of US President Donald Trump's "Buy American" drive.

G20 finance ministers meet as America First casts pall

Baden-baden - Finance ministers from the world's top nations gather in Germany on Friday as fears grow of a looming trade war over US President Donald Trump's America First policy.

G20 finance ministers meet as America First casts pall

Baden-baden - Finance ministers from the world's top nations gather in Germany on Friday as fears grow of a looming trade war over US President Donald Trump's America First policy.

G20 finance ministers meet as America First casts pall

Baden-baden - Finance ministers from the world's top nations gather in Germany on Friday as fears grow of a looming trade war over US President Donald Trump's America First policy.

Treasury chief in Germany says US not seeking 'trade wars'

Berlin - US Treasury Secretary Steven Mnuchin, on the eve of his maiden outing with the G20, insisted on Thursday that Washington had no desire to have "trade wars" with other economic powers.

Greek militants claim parcel bomb sent to German ministry

Atenas - A Greek far-left group on Thursday claimed it sent a parcel bomb to the German finance ministry, over six years after waging a similar campaign against European officials.

G20 finance ministers to meet under America First shadow

Berlin - Finance ministers from the world's top nations gather in Germany Friday as fears grow that US President Donald Trump could upend the global economic order with his America First policy.

Swedish citizen jailed for Facebook call to fund IS

Stockholm - A Swedish citizen was sentenced to six months in jail Thursday for inciting people to finance the Islamic State (IS) group through Facebook, a landmark case for the country.

UKIP in new row over misspent EU parliament funds

Brussels - Brexit campaigner Nigel Farage and other members of Britain's anti-EU party UKIP in the European Parliament are suspected of having misspent more than half a million euros in EU funds, a parliamentary source said Thursday.

India looks to ease pain from cash crunch in budget

New Delhi - India's government is expected to ramp up spending in its latest budget this week, seeking to ease the pain from a ban on high-value banknotes that slammed the brakes on the world's fastest-growing major economy.
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The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
Whether crowdfunding is a  new and powerful arrow  or  still in the hype phase  depends on who you a...
Whether crowdfunding is a "new and powerful arrow" or "still in the hype phase" depends on who you ask
Pixabay / Pexels
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
A sign outside the headquarters of JP Morgan Chase & Co in New York
A sign outside the headquarters of JP Morgan Chase & Co in New York
With permission by Reuters
Couple on couch  working through their budget.
Couple on couch, working through their budget.
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Standard Chartered bank
Standard Chartered bank
Canadian Pacific
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
John Swinney MSP
John Swinney MSP
Federal Reserve G20 Data Display in Ratio Line Chart
Federal Reserve G20 Data Display in Ratio Line Chart
Comparison of disposable incomes
Comparison of disposable incomes
Wyatt Emmerich, theclevelandcurrent.com
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Retirement
401(K) 2012