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Korea Differs US Stance Over Release of FX Market Intervention Data

Deputy Prime Minister Kim Dong-yeon, South Korea’s top economic policymaker met with US Treasury Secretary Steven Mnuchin and with International Monetary Fund chief Christine Lagarde recently to discuss how to release its forex market intervention data. Though the meeting did

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RBI To Recoup Forex Reserves Despite Being On US Watch List

According to BofA Merrill Lynch Global Research, the Reserve Bank of India (RBI) is in a position to be able to recoup its forex reserves even though the United States has added it to its watch list. The approach that

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TransferWise Is First Non-Bank To Access BoE Payment System

The Bank of England (BoE) has been very strict with its stance of allowing only UK licensed banks to allow its real time payment systems. That changed this week as the BoE granted access to TransferWise – the first non-bank

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US Banks To Allow More Debt By Opening To Corporate Borrowers

Corporate borrowers have now become the biggest borrowers from US banks based on recent industry data from the Federal Reserve. Many bankers say that this is a good sign and this means that more US businesses are finally more comfortable

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Santander Launches International Transfers Using Blockchain

Santander has broken new ground by offering an international payment system that leverages the blockchain. Called ‘Santander One Pay FX‘, this service uses a system similar to Ripple to fast-track international money transfers. Instead of waiting several days for a

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FCA Says British Debtors Will Face Hard Times

Britons who are in debut and used to the low-interest rates of the previous era will be facing a number of issues in the coming months according to the Financial Conduct Authority (FCA). This is mainly because interest rates are

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Brits To See Changes In Earnings & Savings In New Financial Year

Another financial year has commenced in the UK and to many it is business as usual. However Brits will do well to pay attention to the new tax laws that have come into play during this financial year as it

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RBI Bans Banks From Processing Cryptocurrency Transactions

India’s Central Bank, The Reserve Bank of India (RBI) has just about banned cryptocurrencies in the country after it released a notice on Thursday barring banks and financial institutions in the country from dealing in cryptocurrencies which includes Bitcoin. In

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Japanese Company Willing To Pay $1m Salary To Get Top Tech Talent

Top IT talent is highly sought after in developed countries and most countries end up paying their IT resources rather well. The market competition is pretty fierce given the fact that most of the tech giants follow a pretty similar

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How Millennials Could Boost Their Savings Using Tax Refunds

A tax refund is always welcomed and most people end up spending their full refund on fun things. Millennials will do well to avoid the trap of spending their tax refunds on vacations and buying fancy things. Financial analysts say

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