New Rules Proposed by FCA for Aiding Saudi Aramco Listing on LSE

The Financial Conduct Authority (FCA) which is a UK based regulatory body has proposed a new set of rules this week. It will enable the sovereign state-owned companies like oil giant Saudi Aramco for getting listed on London Stock Exchange

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Westpac and ANZ Conduct Successful Blockchain Trail with IBM

Two reputed Australian Banks Westpac and ANZ have recently announced they have successfully concluded a crucial trial in collaboration with technology firm IBM. In this trial, blockchain technology was used for the purpose of digitalization of bank guarantee process in

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Italy’s € 5.4Bn Euro Taxpayer Funded Bailout Saves Major Bank

The European Commission (EC) has given approval to the Italian Government for saving yet another bank. An amount of €5.4 billion will be used as a bailout package for salvaging Banca Monte Dei Paschi di Siena SpA. However, it will

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Canadian Dollar to Remain Bullish after Rate Hike Expectations

Recently Bank of Canada conducted a survey in which it was found that the business outlook reading for the 2nd quarter jumped to 31 from the earlier reading of 21. The survey clearly shows that the business activity is increasing

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Amazon Getting Ready for 30 Hour Prime Day Shopping Festival

The major e-commerce giant Amazon has recently announced that on July 10th 2017, it will be offering its mega online shopping festival “Prime Day”. In this customers can avail lots of lucrative deals while shopping online. This is going to

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Euro to Strengthen after Draghi’s Hint at Reducing Stimulus

Emmanuel Macron’s victory in the recently held elections and narrowed spread between German and French government bond put the Euro currency in a better position against the Australian Dollar. From a low 1.4800, currency cross has rallied to a high

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