The bottoming process in gold and gold mining shares continues to be an extended and frustrating affair. Nevertheless, the fundamental rationale for positioning physical bullion and gold mining shares seems more compelling than ever. ... ...
Tags: Gold Bullion, accelerated decline
The Australian dollar fell sharply today after China announced a tightening of controls on high-yielding financial products that form a key part of the country's shadow-banking system. Traders said the announcement highlighted risks that ...
Tags: Financial Rules, Australian Dollar, high-yielding financial products
Suntech Power's epic plunge from solar module dominance to bankruptcy comes as the result of misplaced investments, a misguided pricing strategy, anti-dumping action in the US and a potential new willingness by the China government and ...
Tags: solar module, solar, Suntech
The dollar has largely held its ground against a global wave of negativity stemming from Cyprus' rejection of a bank deposit levy. At 5pm AEDT, the currency was trading at $US1.0379, down slightly from $US1.038 yesterday. CMC markets ...
Tags: Dollar, Australian dollar, currency
The U.S. Mission in Iraq, through the United States Agency for International Development’s (USAID) Financial Development Project, is working with the Iraqi banking industry to help banks improve best practices. The U.S. Mission ...
Tags: US, Financial Sector, Iraq
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
Spanish bank Banco Santander has pulled out of its multi billion pound agreement to take over 316 Royal Bank of Scotland(RBS)branches,and the customers associated with them,because of IT integration problems. But sources say that IT ...
Tags: IT problems, RBS, deal
PTI cited the UK based bank RBS as saying that the Indian economy is likely to grow at 6.3% next year largely due to favorable base effect, while inflation is expected to drop to a comfortable 5.4% level in FY14. RBS Research said that ...
Tags: Indian economy, avorable base effect, inflation, RBS Research
Businesses in the EU and the wider world are grossly ill-prepared for a potential collapse of the eurozone, wrongly expecting that they will have plenty of time to prepare for the conversion of one or more countries to a new national ...
Tags: businesses, EU, eurozone, Furlonger, collapse
When Andy Haywood says he is extremely busy, it is probably not an exaggeration. Eight months after joining the Co-operative Business Group (CBG) as group chief information officer (CIO), he is leading a full-scale IT transformation ...
Tags: Andy Haywood, Co-operative Business Group, chief information officer
Major high street banks are planning to impose new terms and conditions on customers that would make them squarely responsible for credit and debit card fraud. Further reading Seven-year glitch earns Bank of Scotland 4.2m fine Banks' IT ...
Tags: high street banks, finance, software, computing
Tesco has launched a smartphone-friendly virtual supermarket online shopping system at Gatwick airport to enable travellers to place an order before they fly. While waiting for their flights, users can use their smartphones to scan ...
Tags: supermarket, online shopping system, smartphone, phone apps
Security researchers have uncovered a highly sophisticated, multi-tiered, global financial fraud ring that has attempted fraudulent transfers of up to 1.6bn from at least 60 banks This fraud empire, discovered by researchers from security ...
Tags: financial fraud, security, banking system, financial security
Polaris Financial Technology Ltd., a leading global Financial Technology Company, today announced that Gartner, Inc. has positioned Polaris FT in the Leaders Quadrant of the recently released 'Magic Quadrant for International Retail Core ...
Tags: Polaris Financial Technology, Gartner, banking, finance service
Hardly a day goes by without a story about the UK banking community messing up in some way or other. Some of the highest profile stories of the year have been around banks side-stepping regulation and fixing the markets for their own ...
Tags: UK banking community, profile stories, banks, benefit