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Finance News

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.

Irish court unfreezes 100m euros for Khodorkovsky: report

Dublin - An Irish court on Wednesday released 100 million euros ($107 million) in frozen assets for exiled former Russian oil tycoon and Kremlin foe Mikhail Khodorkovsky, the Irish Times reported.

British MPs back UK asset freeze for human rights abusers

London - British lawmakers have tabled a change in the law to enable the government to freeze British assets of international human rights abusers, following a campaign in memory of late Russian lawyer Sergei Magnitsky.

Bank regulators seek deal on crisis reforms

Santiago - World banking supervisors said Wednesday they were closing in on finalizing controversial new regulations to prevent a repeat of the 2008 financial crisis.

The City will bounce back despite Brexit: Lord Mayor

London - The Brexit vote has shaken the City of London but will not destroy it despite creating uncertainty, the newly-installed Lord Mayor of the financial hub told AFP.

German 'terror financing' raids target Chechens

Erfurt - Police raided apartments across Germany Tuesday in a probe against 14 Chechen asylum seekers over suspected financing of terrorist groups and links to the Islamic State group.

French minister says stolen art may fund terror via 'free ports'

Washington - French Finance Minister Michel Sapin on Thursday called on the Group of 20 to prevent the use of so-called "free ports" in the sale of stolen art to fund terrorism.

Mexican finance minister resigns amid Trump scandal

Mexico - Mexico's finance minister Luis Videgaray, a close confidant of President Enrique Pena Nieto, stepped down on Wednesday, a week after White House hopeful Donald Trump's controversial visit to the country.

Pope reins in Vatican's economy minister after scandal

Vatican City - Pope Francis issued a decree Saturday aimed at boosting transparency over Vatican finances, which have been under scrutiny since leaks of secret documents revealed serious irregularities that may have masked corruption.
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The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
Untitled
Images Money
John Swinney MSP
John Swinney MSP
Federal Reserve G20 Data Display in Ratio Line Chart
Federal Reserve G20 Data Display in Ratio Line Chart
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
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.
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
Comparison of disposable incomes
Comparison of disposable incomes
Wyatt Emmerich, theclevelandcurrent.com
Standard Chartered bank
Standard Chartered bank
Canadian Pacific
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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.
Retirement
Retirement
401(K) 2012