Banking

“Putin’s congressman” and the Russian bombshell: Maria Butina case looks bad for Dana Rohrabacher

<b>Dana Rohrabacher; Maria Butina (AP/Photo Montage by Salon)</b><p>Will the indictment of a Russian femme fatale bring down a famously pro-Putin Republican congressman?<p>Clarrie Feinstein<p>July 19, 2018 10:00am (UTC)<p>One week ago, Maria Butina's name and face were almost unknown, except to a few hardcore …

News (U.S.)

The cashless society is a con – and big finance is behind it | Brett Scott

Digital systems may be ‘convenient', but they often fail. Cash, on the other hand, does not crash<p>All over the western world banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure. Just like Google wants …

Opinion (UK)

Trump slams rate increases by independent Federal Reserve

WASHINGTON (AP) — President Donald Trump on Thursday cast aside concerns about the Federal Reserve's independence, saying he was "not happy" with the Fed's recent interest rate increases.<p>Trump told CNBC in an interview: "I don't like all of this work that we're putting into the economy and then I …

Politics

CORRECTED-Venezuela exported $779 mln in gold to Turkey in 2018 -data

(Corrects purity criteria in paragraph 8)<p>By Humeyra Pamuk and Corina Pons<p>ISTANBUL/CARACAS, July 19 (Reuters) - Venezuela exported $779 million of gold to Turkey in 2018, according to Turkish government statistics, further evidence that the South American country is shifting its pattern of trade …

Venezuela

China's yuan plunges again. Is a currency war coming?

China's currency is plunging again. But how low will it go?<p>The yuan weakened almost 1% against the US dollar on Thursday to hit its lowest level in a year. It has now fallen by nearly 8% over the past three months amid a global trade spat and concerns over an economic slowdown in China.<p>Analysts …

Central Banks

From Intern to Policy Maker: Soto Rejoins Colombian Central Bank

Twenty-four years after starting her career as an intern at Colombia’s central bank, Carolina Soto is rejoining the bank as a policy maker, replacing …

Central Banks

LARRY SUMMERS: Trump just took another step toward turning the US into a 'banana republic'

It's almost surprising that it took this long, but President Donald Trump has finally done it. As critics worried, his general disdain for institutions was bound to reach the Federal Reserve at some point.<p>And so it was on Thursday that Trump, in an interview with CNBC, broke with a long-standing …

Donald Trump

Trump says 'not thrilled' about U.S. interest rate hikes

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday told CNBC that he was unhappy about the Federal Reserve's decision to hike interest rates, saying he was concerned about their potential impact on the U.S. economy and American competitiveness.<p>"I’m not thrilled," he said in an interview …

Donald Trump

Japan’s yen has become the clearest ‘expression of the effect of a trade war’

Trade wars have rattled global currency markets, but the degree by which foreign exchange trading has been impacted might be best observed through …

Business

Markets want action, not talk from Turkey – former central bank governor | Ahval

Turkey’s economy this year has faced more twists than one of the country’s famous convoluted soap operas, and the central bank has often played a …

Central Banks

MSNBC’s Rachel Maddow demands to know how Russia knew Trump was thinking of appointing Mitt Romney

After the notorious Christopher Steele dossier, the British ex-spy authored another short report about the Russian attempt at getting Trump not to …

Liberal View

So This Is Why Trump Tweets About Oil

Today's Agenda<p>Rising gas prices hit red-state drivers the hardest.<br>• Trump doesn’t run the Fed, nor should he.<br>• The Helsinki fallout continues.<br>• The Google-EU fallout continues.<br>• The media megamerger mania enters a new phase.<p>Seeing Red at the Gas Pump<p>Never let it be said President Donald Trump doesn’t …

Opinion

A bank branch for the digital age

Far from rendering the bank branch obsolete, digital technology holds the key to the branch of the future.<p><b>The bank branch</b> as we know it, with tellers …

Customers

Fed's banking supervisor backs new interest rate benchmark

The Federal Reserve's banking supervisor gave his backing Thursday to a new interest rate benchmark for institutions to use when lending to each …

Central Banks

How to Easily Remove A Chase Account from Online Banking

I wanted to give a quick overview of how to easily remove a Chase account from your online banking screen. If you have recently closed a Chase card …

Online Banking

Donald Trump Says He’s ‘Not Happy’ About Federal Reserve Interest-Rate Increases

Comments break with tradition that presidents refrain from commenting on monetary policy<p>President Donald Trump said Thursday he hoped the Federal Reserve would stop raising interest rates, delivering an unusual censure of the central bank.<p>“I am not happy about it,” Mr. Trump said about …

Federal Reserve

UPDATE 3-Eritrean troops withdraw from Ethiopian border -Eritrean...

* Border war in 1998 followed by military stalemate<p>* Eritrea appoints first ambassador to Ethiopia in two decades<p>* Ethiopian Airlines in talks to take stake in Eritrean Airlines<p>* Central bank governor tells business leaders (Adds quotes, details from Ethiopian Airlines, central bank)<p>By Elias …

Africa

Russia is dumping US debt and buying gold instead

The Russian Federation has sharply reduced its holdings of United States Treasury bonds with Russian ownership recently moving to an 11-year low, RT and Wolf Street reported.<p>Russia's ownership of US bonds declined from $96.1 billion in March to $48.7 billion in April and now stands at just $14.9 …

U.S. Politics

Bank of America CEO - digital banking isn't all about the millennials

Following the report from Fujitsu earlier this week that argued that financial organizations are at the forefront of digital transformation …

Bank of America

Russian warship found off South Korean island with '$180 billion worth of gold' onboard

A South Korean company has claimed to have found a sunken Russian warship which was carrying an enormous amount of gold when it sank 113 years …

South Korea

New Rs 100 note to be issued by RBI: How all the new currency notes look like

New 100 Rupee Note: As of today, the RBI has already introduced new Rs 10, Rs 50, Rs 200, Rs 500, Rs 2,000 banknotes.<p>By: | New Delhi |<p>The Reserve …

India News

In China, a rare public spat between officials as debt pressures build

LIKE other countries, China has bureaucratic infighting. But it does better than most at keeping tussles hidden from outside view, especially under …

Economics

Argentina Needs An Amputation

<i>The country needs to rid itself of Peronism as well as the peso</i><p>The Argentine peso has lost a third of its value relative to the U.S. dollar in the …

Economics

Yuan's Drop Roiling Markets Means No Summer Break for Investors

The market turmoil spurred by the Chinese yuan’s tumble to a one-year low is putting traders on alert during the normally sleepy Northern hemisphere …

Stock Markets

Following the Fed, Central Banks Are Ready to Raise Rates

A slowdown in growth could upset such plans, but that remains only an increasing risk<p>A growing number of the world’s central banks are poised to join the U.S. Federal Reserve in lifting interest rates in coming months amid solid global growth, though those plans could be scrambled by rising trade …

Federal Reserve

Interactive: The Spread of Central Bank Currency Swaps Since the Financial Crisis

Over the past seven years, the swaps have been used by central banks to obtain foreign currency to boost reserves and to lend on to domestic banks …

Central Banks

Congressman says Americans should be banned from mining, using cryptocurrency

Congressman Brad Sherman, D-California, believes the government should prohibit U.S. citizens from mining and using cryptocurrencies. He made the …

Cryptocurrency

GE earnings — What you need to know in markets on Friday

Stocks fell on Thursday as financial stocks snapped a three-day winning streak and Treasury yields fell.<p>The major U.S. indexes opened the day in the …

Donald Trump

Erdogan, Flush With Victory, Seizes New Powers in Turkey

ISTANBUL — Even before President Recep Tayyip Erdogan of Turkey was inaugurated last week, he began elbowing his way into the front ranks of the globe’s strongmen.<p>Hours before taking the oath of office — after 15 years already in power — Mr. Erdogan published a 143-page decree changing the way …

South Asia

Iran: US President Tried to Meet Rouhani 8 Times at UN

US President Donald Trump has asked eight times for a meeting with his Iranian counterpart on the sidelines of the United Nations General Assembly in …

South Asia