Retailers around the world are shifting towards cashless payment systems, which could spell trouble for the banks.
By Huw Jones LONDON (Reuters) - Rules will soon be finalised forcing the world's top banks to hold enough liquid assets to cover between 16 and 20 percent of their liabilities, after industry lobbying failed to persuade regulators to relax the plan. Show More Summary
The World Bank's latest assessment on global commodities is generally quite bullish but the risks to Australia remain firmly on the downside.
Exports play an important role in boosting employment and driving economic growth. This 2013 data from the World Bank analyses exports of goods and other market services as a percentage of GDP. This includes the value of merchandise, freight and travel, as well as services such as communication, finance and construction. Show More Summary
LONDON, July 27 (Thomson Reuters Foundation) - Investment banking doesn't rank highly on most people's lists of ethical career choices, but according to one of the world's most famous living philosophers, becoming a hot shot in finance may be the best way for a bright graduate to help the global poor. Show More Summary
The Venice Film festival is due to unveil its full lineup on Wednesday this week for the 72nd running of the world’s oldest such event. So far, we know that Working Title and Universal’s Everest is on opening night duty September 2,Show More Summary
Hello! Here's what you need to know for Monday. 1. Some members of Greece's leftist government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports on Sunday that highlighted the chaos in the ruling Syriza party. 2. Show More Summary
Over the first half of the year, we’ve built on several narratives that we believe are critical when it comes to understanding how the intersection of geopolitics and economics is set to shape the world going forward. One of these narratives...Show More Summary
For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5 th grader would tell you that you cannot solve a debt problem by issuing more debt. Show More Summary
We have a large and widening divide between U.S. economic data and the rest of the world, and to spice things up, we have no experience with a situation like this -- “we” being the Fed, other central banks, all governments and certainly analysts...
The World Bank and Japan allocated an $800-million loan to Ukraine.
Since Jim Kim took up the Presidency of the World Bank Group in July 2012, heads have rolled, boxes have been moved around the organizational chart, and an unprecedented drive to shave $400 million from the budget has been undertaken. President Kim explained the need for these changes in a blog on July 1, 2014. Show More Summary
The BRICS New Development Bank will supplement the existing international financial system in a healthy way and encourage industrial growth in the developing world, Chinese Premier said Thursday.
Bankers whinge about how much tougher their lives are in the post-crisis world. That is no small degree to central banks' efforts to prop them up having caught up with their bottom lines
Da$H, Remy Banks of World’s Fair and some other guy hook up over a production by Black Noi$e. Spotted: OS Previously: Sulaiman ft. Da$H – Time Space Continuum (Prod. by Thelonius Martin)
Forget the big investment banks, it's all about the basics here.
It appears The IMF is willing to shake the boat of status quo, everything-is-awesome, once again. After proclaiming Greece is screwed and needs a haircut no matter what, the bank to save the world has unleashed a new report on Japan... Show More Summary
Christopher Bell doesn’t have a lot of NASCAR Camping World Truck Series experience, but he banked on his extensive dirt racing experience Wednesday night to claim the win in the 1-800-CAR-CASH Mud Summer Classic at Eldora Speedway in Rossburg, Ohio. The victory came in only his third-career Truck Series start. “This is just unbelievable,” Bell [...]
Anthem Closes In on Cigna | Credit Suisse Back to Black | Chinese Investors Question Their Material World
The big four iron ore miner grows shipments 10 percent for the full year. ||| Sydney - Australian miner Fortescue Metals on Thursday reported a 10 percent increase in iron ore shipments in the June quarter, even as the World Bank flagged...Show More Summary