IMF Chief Says Global Trading System Currently At Risk

The Managing Director of the International Monetary Fund (IMF) Christine Lagarde warned that the global system of trade that has allowed the world to become so prosperous for the past few years is at risk of being torn apart because

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Financial Analysts Say Asia On The Verge of An Equity Boom

Asia is best known as the world leader when it comes to manufacturing and trade. However, it has problems when it comes to financial integration. This is most noticeable when it comes to capital flow as capital flows more from

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Bank of England Looks To Protect London’s Financial Status

The United Kingdom and the European Union announced last week that they had reached an agreement to move forward with the transition Brexit deal which is expected to be completed by the end of 2020. BoE Assures Financial Firms OF

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EU Ambushes American Tech Companies With Unusual Tax Rule

The executive arm of the European Union has just proposed a new ‘digital tax‘ that blindsides tech giants such as Apple, Amazon, and Google. The proposal involves imposing a tax on the total revenue of technology companies operating in the

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European Investors Face High Risks According To ESMA

The European Securities and Markets Authority (ESMA) recently released its newest Trends, Risks, and Vulnerabilities (TRV) Report. This report shows its assessment of the current risks being faced by European investors. The report shows that EU's risk categories are still

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OECD Says Global Economic Revival At Risk From Trump Tariffs

According to the Organization for Economic Co-operation and Development (OECD), the retaliatory trade barriers that may spring up in response to the tariffs laid by the Trump administration on steel and aluminum are a threat to the recovering global economy.

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IRS Issues Warnings Over Tax Refund Scam As Victims Grow

The Internal Revenue Service (IRS) reported that the tax preparer and refund scam that has been going around since filing season opened, has ballooned from hundreds to several thousands of victims in a matter of days. The IRS released a

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UAE Exchange Signs With Ripple To Use Blockchain Technology

The UAE Exchange which is one of the most popular exchanges in the world recently announced that it has signed a deal with Ripple (creator of the cryptocurrency XRP) to incorporate Ripple's blockchain technology into UAE Exchange's payment system. UAE

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ASIC Confirms Refunds For ANZ & Westpac Credit Card Holders

Two of Australia’s biggest banks are returning a collective amount of $21 million to their credit card holders after corporate watchdog Australian Securities and Investments Commission (ASIC) called them out for credit card charges and limits malpractice. In two separate

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Major US Banks Issue Fresh Ban On Cryptocurrency Purchases

More financial institutions are dropping support of Bitcoin and other cryptocurrencies as they decide to ban crypto purchases done via their bank’s credit cards. Major US credit card issuers such as the Bank of America Corp. (BoFA), JPMorgan Chase &

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