Email
Password
Remember meForgot password?
    Log in with Twitter

Finance News

Facebook's Zuckerberg open to scaling back Libra plan

Washington - Facebook chief executive Mark Zuckerberg opened the door Wednesday to scaling back plans for the company's digital coin Libra if it cannot win approval as a new currency for global exchanges.

Zuckerberg calls Libra coin a key for American leadership

Washington - Facebook's proposed digital coin Libra would "extend America's financial leadership" while helping cash-strapped people around the world, chief executive Mark Zuckerberg said in remarks prepared for delivery to lawmakers released Tuesday.

Libra coin key for 'America's financial leadership': Zuckerberg

Washington - Facebook's proposed digital coin Libra would "extend America's financial leadership" in the world, chief executive Mark Zuckerberg said in remarks for delivery to lawmakers released Tuesday.

The Vatican out of money? Heavens no, says pope ally

Vatican City - Pope Francis's economic adviser on Tuesday denied reports the Vatican was at risk of default, saying the allegations were part of a campaign to discredit the pontiff.

More companies back away from Facebook's Libra coin

San Francisco - Facebook's digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra global cryptocurrency.

US sanctions leave bitter taste on French winegrowers' palates

Pommard - For French winegrowers in the Burgundy region, the new 25-percent US tariffs are leaving a bitter taste on the palate.But like it or not, they are caught up in a trade war they feel has nothing to do with them.

Kristalina Georgieva named IMF managing director

Washington - The International Monetary Fund on Wednesday formally selected Kristalina Georgieva of Bulgaria to be only the second woman ever to lead the 189-member institution.

Middle class feels the squeeze in debt-wracked Argentina

Buenos Aires - Facing mounting piles of credit card debt, unpaid medical bills and private school fees, Argentina's cash-strapped middle class, much like the state itself, is facing its own debt default.

Austria's love of cash in poll campaign spotlight

Vienna - It may sound like a strange thing to enshrine in a country's constitution: the right to pay cash.But a debate on whether to do just that has entered Austria's election campaign, shining a light on the country's love of cold, hard currency.

Banking industry is the furthest ahead in digital tech adoption

A new survey assesses the digital transformation of banking and finds that when compared to healthcare, energy and utilities, plus other consumer and industrial products, banking is significantly ahead when it comes to digital maturity.

Measures to put the digital transformation of banks back on track

Banks were doing well with digital transformation in the early stage, but the deployment of digital banking transformation is slowing down as things move from IT departments to other parts of the organization, according to a new survey.

Average U.S. student debt rises to $28,565 per person

LendEDU has published its fourth annual 'Student Loan Debt by School by State Report' that lists the average student debt per borrower figures at nearly 1,000 U.S. colleges and universities throughout the country. This shows a rise in debt rates.

Italy to decide on government future after Salvini pullout

Rome - Italian senators are on Monday to take an initial decision on the future of Prime Minister Giuseppe Conte's government after far-right leader Matteo Salvini plunged the country into turmoil by pulling out of the teetering coalition.

Salvini rallies supporters, demands election date

Apo - Italy's hardline Interior Minister Matteo Salvini embarked on a southern tour to rally support on Saturday, demanding an election date be set after he pulled out of the coalition government, plunging the country into a political crisis.

HSBC says CEO Flint steps down as it faces 'challenging' geopolitics

Fpo - HSBC on Monday announced its Group Chief Executive John Flint had stepped down after less than two years on the job, as the banking giant revealed decent first half profits but warned it faced "challenging" geopolitics.

HSBC says CEO Flint steps down, pre-tax profit up 15.8%

Fpo - HSBC on Monday said its Group Chief Executive John Flint had stepped down as the bank braces for geopolitical uncertainties. The announcement came as the banking giant reported pre-tax profit was up 15.8 percent at $12.

Forced labour to high finance: Hong Kong investor's unlikely journey

Fpo - Exiled to the Gobi Desert at the age of 15, Weijian Shan's days were marked by gnawing hunger and back-breaking forced labour. But his sense of hope was kept alive by an unlikely source -- insecticide manuals.

Q&A: Why most finance employees don’t find 1:1s productive Special

Most financial services workers don't get much from 1:1 meetings but they want better feedback and career conversations with their managers. A new technological solution from Reflektive could help structure the feedback process.

Banking: Customers prefer a machine to a human teller

New data shows that more dramatic change is to be expected in banking and financial services. Marqeta, a card issuing platform, has found that customers would rather interact with a machine than with a human teller.

Harry and Meghan's new home cost $3 million to refit

London - Prince Harry and his wife Meghan's new home in Windsor cost £2.4 million ($3.05 million, 2.7 million euros) to renovate before they moved in, royal accounts showed Tuesday.

Q&A: Solving the digital identity problem in banking and finance Special

London - Challenger banks built on modern technology are continuing to grow in popularity; and customer expectations are rising. However, these financial institutions raise issues of identity verification. Tim Bedard from OneSpan highlights the significance.

US blacklists Iraq firm as Revolutionary Guard guns front

Washington - The US Treasury placed Iraq-based South Wealth Resources on its sanctions blacklist Wednesday, saying the company is an important weapons trafficking and financial front for Iran's Islamic Revolutionary Guard Corps.

US dominates global tech investment

The latest figures relating to technology investment signal that the U.S. continues to dominate the global financial chain, whereas within Europe, despite the Brexit process, it is the U.K. that remains the main player.

Financial and social costs of raising a newborn baby dissected

The financial and social costs of raising a newborn baby in the U.S. are considerable. But how much does it actually cost? Finance site LendEDU has released a survey of 1,000 recent parents, which reveals the likely costs that will be incurred.

Young Koreans to be given $833 in basic income trial

A new universal basic income scheme is to be piloted in South Korea, where 170,000 young people (aged twenty-four) will be given the equivalent of $833 with very few conditions attached. The scheme also aims to boost local businesses.

Q&A: How insurance is changing in the age of data Special

Using location data provides many opportunities for insurers. Customers are becoming more receptive to the idea of sharing their data in order to benefit from financial products and services. What does this mean for insurance companies?

Q&A: Making commercial real estate investing accessible Special

A new wave of crowdfunding platforms have popped up to make investing in commercial real estate more accessible to the people. One CEO who is leading this is Eran Roth, CEO of iintoo, who explains how technology is opening up investment.

US hits Iran Guard finance network with sanctions

Washington - The US Treasury took fresh aim Tuesday at the international network funnelling dollars and euros to Iran's Islamic Revolutionary Guard Corps (IRGC), naming 25 individuals and entities for financial sanctions.

Pentagon denies US wants 'cost + 50%' from allies for bases

Washington - Acting Pentagon chief Patrick Shanahan denied Thursday reports that the United States has a "cost-plus-50 percent" formula for allies to pay for the US military presence on their soil.

Iran's part in US sanctions bypass scheme ready 'this month'

Vienna - Iran hopes to have its part of a new payments vehicle -- devised to bypass US sanctions -- ready within a fortnight, Deputy Foreign Minister Abbas Araghchi said on Wednesday.
  1 2 3 4 5 6 ... 18 Next»

Set up a news alert for

Finance


Finance Image

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
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.
Federal Reserve G20 Data Display in Ratio Line Chart
Federal Reserve G20 Data Display in Ratio Line Chart
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
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.
Comparison of disposable incomes
Comparison of disposable incomes
Wyatt Emmerich, theclevelandcurrent.com
Photograph of Toronto at night.
Photograph of Toronto at night.
Untitled
Images Money
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
Untitled
Flickr
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
PayU Chief Commercial Officer Matthias Setzer
PayU Chief Commercial Officer Matthias Setzer
PayU
John Swinney MSP
John Swinney MSP
Retirement
Retirement
401(K) 2012
Interior of NatWest Castle Street  Liverpool
Interior of NatWest Castle Street, Liverpool
John Bradley
London s Canary Wharf finance district  as viewed from Greenwich Park.
London's Canary Wharf finance district, as viewed from Greenwich Park.
Standard Chartered bank
Standard Chartered bank
Canadian Pacific
Phillippine stock market board.
Phillippine stock market board.
Katrina.Tuliao
Toronto s finance district by Tim Sandle.
Toronto's finance district by Tim Sandle.

Latest News
Top News