Russia prevents ‘domino effect’ in its banking sector – but threat still lingers
Russia’s banking sectors is currently the trend in the financial news today. Russia’s central bank has been forced to rescue two major lenders in less than a month, intensifying concerns among global investors that a systemic banking crisis could be in the offing. The Russian...
The third quarter ends on a high note for Euro Zone businesses
The latest financial update has good news for the Euro zone.Euro zone private businesses ended the third quarter with much stronger growth than predicted, bolstered by manufacturers, who had their best month since early 2011, a survey showed on Friday. That growth, alongside rising inflationary...
Tom Lee Has Made a Plan to Profit Based on the Strange Divergence in the Market
According to Tom Lee, founder and head of research at Fundstrat Global Advisors, the weakening of U.S Dollar is having a peculiar impact on the finance stock market this year, specifically when it came to the behaviour of value and growth stocks. In a note...
Angela Merkel headed for fourth term – German Economy not in a mood for experimenting
In the financial news, the German economy is currently making the rounds! Across western democracies, political turmoil reigns as voters oust incumbents and elect new faces to lead them out of international and economic crises. Yet, here in Europe’s largest and most powerful nation, a...
Jamie Dimon threatens to close down bitcoin and crypto currencies if they get too big
In the latest financial and business update, the bitcoin is back in news!JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large. “Right now these crypto things are...
According to EU Officials, Traditional Rivals Pay More than Twice the Taxes Paid by Tech Firms
According to the latest financial news today, technology companies are paying less than half the tax paid by mortar-and-bricks businesses states a report published by the European Commission. According to this report by EU, 23.2% taxes are levied on traditional companies as opposed to 10.1%...
RBI is looking to launch its own Bitcoin
According to the latest finance related news it seems demonetisation is not India’s last experiment with currency. The Reserve Bank of India (RBI) is now looking at the brave new world of crypto-currency. The success of Bitcoin, a popular crypto-currency, may have encouraged the central...
Investors not fazed by bitcoin-rupee swap dive
The bitcoin-rupee swap rate went into a free fall after regulators in China forced BTC China, one of the world’s biggest exchanges for the digital currency, to down shutters on Thursday. The swap value dropped to Rs 2.2 lakh per bitcoin from Rs 3.44 lakh...
Punjab National Bank(PNB) customers will have to pay charges after 5 ATM transactions per month
Introduction In the latest financial related news, PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the bank’s ATMs. At present, account holders of the country’s second largest public sector bank can make...
Digital Transactions Surge by 55% and Mobile Banking by 122% in India
8th November 2016 witnessed one of the most shocking finance news. This day became revolutionary in the history of India as a bold move to curb corruption and implement demonetisation. Thus, began India’s journey towards a digital economy. This move led to a decrease in dependency...
