India Pushing Towards Digital Payment after Cash Shortage

After the demonetization of Rs 500 and Rs 1000 notes and circular of new Rs 500 and Rs 2000 notes as announced by India’s Prime Minister Narendra Modi, a large number of ATMs have started suffering from an acute cash

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Canadian Dollar to Strengthen on Recovery in Crude Price

There is a substantial decrease in the price of crude oil and it has a very bad impact on the Canadian Dollar over the past two weeks. On the contrary, there are increased demands for safe haven currencies like for

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Turkey To Restrict Access To Offshore Forex Trading Sites

Turkey is in the news lately for its attempted campaigns at kerbing the Foreign Exchange trading done by small investors on a large scale. The government has recently released a report in which it is stated that the citizens of

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Prospects of rise in met coal price turns Aussie bullish

On 21st March 2017, the RBA minutes were released that points towards an increasing risk in the housing market as a consequence of drop of the Australian Dollar against Yen. In addition to this, the US Republicans failed to repeal

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Deutsche Forecasts Further Drop In Pound Due To Brexit

Deutsche Bank which is a leading financial institution in the banking sector has predicted that British Pound is likely to hit parity with currencies like Euro and US Dollars because of Brexit. The bank in a special report on Brexit

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Pound signals downtrend on soft inflation data

After the statement of Kristin Forbes regarding the raising the interest rates by Bank of England in the near future, the Pounds turned bullish against Aussie in the previous week. Kristin Forbes is an external member of the United Kingdom

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Deutsche Bank Agrees to Settle the Russian Mirror Trade Probe

German banking major Deutsche Bank AG has agreed to end investigations by US and UK regulators by paying a penalty amount of $630 million. The bank was under the suspicion for shifting $10 billion out of Russia in a time

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UK Treasury Department Approves New Penalties For Tax Evasion

In one of the several new laws being introduced by the government to deal with tax evasion, HMRC or HM Revenue and Customs department based in the United Kingdom now has the power to list all the financial intermediaries who

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Ruble remains strong ahead of OPEC meeting

After Trump’s victory at the United States Presidential Elections, the Greenback was unable to hold onto their profits made against Russian Ruble. The main reason behind this thing is the recovery in crude oil prices. It led to a fall

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Financial Institutions Looking To Move To Europe post-Brexit

Post-Brexit, a number of different financial centres spread in Europe have started handling inquiries from financial firms with regard to the setting of the operations. This information has been revealed by a senior executive from a financial regulatory body in

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