American Express Accused Of Forex Manipulation By WSJ
American Express (AMEX) has now joined the list of major global banks who have been accused of deliberate forex manipulation to increase their profits. AMEX is facing scrutiny as the Wall Street Journal (WSJ) recently revealed that it had engaged
Read MoreDeutsche Bank Shifts Half Of Its Euro Clearing To Frankfurt
With Brexit on the horizon, the many banking firms that require direct access to the European Union are moving from their offices in London to more friendly jurisdictions. The latest firm to make the move is Deutsche bank which announced
Read MoreFacebook Suffers Largest Loss In US Stock Market History
The stock markets witness a lot of action just about every day but Thursday – July 26 will be a day that Facebook stakeholders will remember forever. When the markets closed on Wednesday, the social media giant had $630 billion
Read MoreJuncker & President Trump Agree To Trade War Ceasefire
US President Donald Trump has created controversy throughout his term in office and the arguably the biggest controversy impacting global markets is his stubborn stance on imposing massive trade tariffs on multiple regions including the European Union and China. The
Read MoreIndia Advised To Look At FDI To Finance Its CAD By The IMF
The Indian economy hasn’t done as well as Prime Minister Narendra Modi had claimed it would do under the rule of his BJP government. The Current Account Deficit (CAD) has continue to grow worse during the last few quarters as
Read MoreThe EU Call For Progress On Digital Tax Rules At G20 Meeting
European bankers and finance ministers pressed for the progression of the proposed global tax rules for the digital economy at the recent G20 meeting in Buenos Aires, Argentina. The projected annual tax revenue from such a proposal, according to the
Read MoreUS Imposes $75m Fine On Kingpin Behind Israeli Binary Scam
The United States government is asking a Florida court to impose a $75 million fine on alleged binary options fraudster Michael Shah. According to the Commodities and Futures Trading Commission (CFTC) motion, Shah worked with several call centers in Russia
Read MoreEU Asks China To Open Its Economy To Foreign Investment
With China and the US becoming embroiled in trade tariff retaliations, the European Union is trying its best to calm down Beijing. European Commission President Jean-Claude Juncker has called on China to avoid a trade war and instead open up
Read MoreNew Brexit Proposals Cause Concern For UK Forex Investors
The pound sterling fought back to a high position on the currency markets last week but financial experts state that this is just a brief surge that is covering up the problems that the British financial markets are bound to
Read MorePaytm To Launch FX Services To Exchange 20 Different Currencies
Paytm gained massive exposure in 2017 after the company looked to fill the digital payment space in the market created by the de-monetization campaign carried out by the BJP Government. Paytm has grown its market presence significantly during the last
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