The Latest Investing News - Page 27
Citi Merges Two Forex Units Amid Major Restructuring
US-based banking giant Citigroup intends to merge two of its key units in sales and trading, according to an internal memo seen by Business Insider. The company is combining its foreign exchange and local markets business with G10 currencies unit into a single department. Both the sales and trading ... Read more.
UniCredit And Banco BPM Face Allegations in Diamond Scandal
UniCredit, the largest bank in Italy, has been involved in a huge corruption scandal related to diamond sales. Prosecutors said that they had found fu... Read more.
Boeing to Cut Scope And Duration of Tests For New Jetliners
Engineers working at aviation giant Boeing are reducing the duration and scope of several costly physical tests that are used to certify the company's... Read more.
Facebook’s Cryptocurrency Backed by Visa, MasterCard, PayPal
Social media behemoth Facebook is about to announce its cryptocurrency next week and launch it in 2020. While these rumours have already made the head... Read more.
Zuckerberg May Have Known About FBs Suspicious Privacy Practices
Social media giant Facebook discovered emails that reveal that CEO Mark Zuckerberg knew about problematic privacy practices at the company, people fam... Read more.
Weekly Market Review - June 10-14
This week, the US dollar has been the best performer among Forex majors, adding 0.79% against euro, 0.13% against Japanese yen, and 0.88% against the ... Read more.
Forex Industry Needs More Automation, SWIFT Report Says
The Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT, released a report on Wednesday, encouraging the players of the... Read more.
CLS Group, Saxo Bank Saw Weak FX Trading Volumes in May
On Monday, Danish Saxo Bank and US-based CLS Group reported weak Forex trading volumes in May, which slightly contradicts the general trend. Other bro... Read more.
Oil Prices Decline Amid Weakening Demand
Oil markets are experiencing a trend reversal in May, as investors are concerned about the decline in oil demand amid worries around a global recessio... Read more.
LG Unveils Transparent OLED Commercial Display & Gaming Monitor
LG Business Solutions, a subsidiary of South Korean electronics giant LG, announced that it would launch its LG Transparent OLED display with digital ... Read more.
VISA Launches DLT-Based B2B Connect Platform
California-based Visa announced on Tuesday the commercial launch of its B2B Connect platform, which allows financial institutions to process corporate... Read more.
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