UK ATM’s In Danger Of Closing Due To Link’s Interchange Fee Cut
Link is the main cash machine network in the UK that provides thousands of free-to- use ATMs all over the country. The company recently announced that they are implementing a cut in the interchange fee paid by banks and credit
Read MoreCrypto Exchange Coincheck To Refund Stolen $400 Million
Coincheck, a Japanese cryptocurrency exchange has officially announced that it will refund close to $400 million to customers after this amount was reported stolen by hackers last week. On Jan 26, Coincheck detected an “unauthorized access” into its system. After
Read MoreForex Brokers Continue To Scam And Target Russian Nationals
Forbes recently published a report which showed that Russians account for 29 percent of the online traffic that the four largest binary options and foreign exchange (forex) trading websites received in April of 2017. Hence it is not entirely a
Read MoreBond Market Investors Scared Over Potential Global Selling Sprees
Banks have been the biggest buyers of bonds for over decade now which have sent interest rates spiraling downwards and stock markets soaring. However there is an ongoing fear from investors that some of the richest nations in the world
Read MoreUnited Arab Emirates To Start 2018 By Introducing VAT
Starting January 1, 2018 the UAE government will be imposing a 5 percent Value Added Tax (VAT) on a number of goods and services. The implementation of VAT is mainly attributed to the need of the UAE government to raise
Read MorePBOC Says China Needs Local Governments To File For Bankruptcy
According to a People's Bank of China (PBOC) official, local government bankruptcies or even a Detroit-style bankruptcy are necessities for China, as rising debt problems continue to loom over the country's head. Xu Zhong, a PBOC official sees a need
Read MoreBrexit Gloom Weighs on UK Households And Their Financial Future
For the first time in three years more Britons are expecting their personal finances to get worse rather than better over the next 12 months amid the Brexit vote’s impact. NMG Consulting conducted a survey on behalf of the Bank
Read MoreFed’s Mester brushes away flattening yield curve concern
The Aussie rallied against the Greenback last week, mainly due to the dovish Fed minutes and soft PMI data. A rally in the price of iron ore also strengthened the Australian dollar. Still, the AUD/USD pair, which is currently trading
Read MoreCisco tops Q1 2018 EPS estimates, issues strong Q2 EPS view
Networking hardware manufacturer Cisco Systems, Inc. (NASDAQ: CSCO) surprised the market on November 16 by reporting an impressive fiscal 2018 first-quarter earnings that exceeded analysts’ estimates. The quarterly revenues were in line with the Zacks Consensus estimates. Cisco also issued
Read MoreLack of consensus on Brexit bill turns Pound weak
In our November 3 report, we had forecast a downtrend in the GBP/NZD pair. We had also evinced our interest to go long in the currency cross near 1.8860, and simultaneously invest in a call option. A week later, the
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