India’s Economy Grows Despite Adverse Global Circumstances
India’s finance minister Arun Jaitley who is currently in the United Arab Emirates spoke confidentially of his country’s economy and states that adverse global conditions have had an impact but has not managed to dent the country’s economic growth. The
Read MoreShah Rukh Khan Interrogated By ED For Alleged Forex Violations
India has been cracking down on black money and forex scams at the behest of the finance minister Arun Jaitley who says he wants to clean up India and bring back all the funds that are stashed abroad. The latest
Read MoreTop International Banks Must Raise €1.1 Trillion Debt By 2022
A global group of policymakers estimates that the top international banks will have to raise around €1.1 trillion before 2022 for special debt that will stop taxpayer bailouts of lenders. The global group of policymakers stated that it has now
Read MoreHong Kong Banking Privacy Laws Stalls India Forex Scam Investigation
The Central Bureau of Intelligence (CBI) and the Enforcement Directorate (ED) has been tasked with the responsibility of investigating the 3,600 crore forex scam that was unearthed after an internal audit took place at the Bank of Baroda in New
Read MoreSudden Interest From China in Bitcoins Sparks Surge In Rates
Bitcoin, the digital currency has been around for over four years but has been a relatively unknown quantity in most markets as there is very little information available about Bitcoin and also because most governments have not recognized Bitcoin as
Read MoreC&C Prepares To Launch €100m Shares Buyback Scheme
UK and Irish based manufacturer C&C Group plc specializes in producing, marketing and distributing branded long alcoholic drinks that includes wine, beer, cider and soft-drinks. The company recently announced that it had made plans to launch a special €100 million
Read MoreVenezuela Sues U.S Based Website To Protect Its Forex Rates
The internet has changed the way people do business across the world and current technology has made it possible for a single website to have a serious impact on a country’s economy. This appears to be the case in Venezuela
Read MoreCVC Asks RBI and IBA To Red Flag Multiple Forex Transactions
The 600 crore forex scam that was unearthed after an internal audit at the Bank of Baroda has caused the Central Vigilance Commission (CVC) to crackdown on all banks in India as they have been ordered to ensure KYC compliance
Read MoreBritish Banks Could End Up Battling Forex Lawsuits From UK Investors
Some of the biggest banks in the United Kingdom have been in the news this year for malpractices that violated norms in the United States. Barclays, HSBC and the Royal Bank of Scotland admitted to the allegations and in the
Read MoreBusinesses In The UK Are Losing Money To Whale Finance Schemes
Cyber thieves are focusing their attention on business in the U.K as they are finding it a very lucrative market to carry out a fraudulent ‘whale finance scheme’. The process is a very simple one that is carried out in
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