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RBS Makes Last Attempt With Settlement Offer To Investors

British banking firm, the Royal Bank of Scotland (RBS) is said to be close to settling with investors in a last-minute attempt to stop the case regarding its 2008 rights issue from going to court. The bank has doubled its

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Global Cyber Attack Raises Concerns For Financial Industry

An unprecedented cyberattack has hit computers worldwide and among the worst-hit has been UK’s NHS hospital network. The swift worldwide spread of the massive ransomware attack has led to several government agencies and companies racing to halt the cyber attack

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Pound turns weak as BoE slashes FY17 GDP growth view

The positive sentiment created due to the announcement of snap elections in the UK enabled the Pound to forge great heights against other G10 currencies. Poor retail sales and employment data, on the other hand, kept the Australian dollar weak.

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UK Customer Account Hackings Up By Nearly 50 pct In 2016

The number of online accounts being hacked in the United Kingdom (UK) nearly doubled in 2016 according to a new report. Fraud prevention service Cifas has released the latest edition of its annual report ‘Fraudscape’, analyzing data from 387 organizations

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China’s Foreign Exchange Reserves Rises For Third Straight Month

For the third consecutive month China’s foreign exchange reserves have seen an increase, beating market expectations. The reserves climbed by $21 billion in April reaching $3.03 trillion, as compared to the rise of $3.96 billion in March. The country’s regulatory

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Low unemployment, rise in dairy prices turn Kiwi bullish

In the last week of April, strong current account surplus and higher than anticipated flash manufacturing PMI reading pushed the Euro dollar higher against the US dollar and other major currencies. The rally was notably strong against the New Zealand

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UK FTSE 100 Drops On Poor Barclay Results And A Strong GBP

Britain’s premier index, the FTSE 100 saw its biggest fall in months last week as a result of poorer-than-expected results from Barclays and discouraging economic results. The FTSE 100 was down 0.5 percent to close at 7,203.94, bringing its weekly

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