Financial News
Moody’s upgrades Malta’s credit rating to ‘A2 stable’
International agency Moody’s has upgraded Malta’s credit rating to A2 stable, the government said in a statement. It had been 11 years…
PayPal launches international money transfer service Xoom across Europe
U.S. payments company PayPal is expanding further in Europe by launching its international money transfers service Xoom in 32 countries across the…
Photo Story: Preview of Bank of England’s new 50 GBP note
An undated handout photo made available by the British Bank of England on 15 July 2019 showing the new concept image design…
Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows
Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting…
BOE believes British banks can cope with no-deal Brexit
British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of England said…
Mexican finance minister resigns
Mexico's finance minister has quit over differences with the country's president Andrés Manuel López Obrador. In a letter, Finance Secretary Carlos Manuel…
Midday Dispatch – Financial and Corporate News
Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro…
Cuba considering introduction of cryptocurrency
Cuba’s Communist government announced that it was studying the potential use of cryptocurrency as part of a series of measures to boost…
Swiss stock exchange loses EU access
The Swiss Market Index rose 1pc in early trading on the first day since EU-based traders lost the right to trade equities…
Australian bank bans credit card use for gambling
An Australian financial institution, Macquarie, has announced that it will no longer allow its bank-issued credit cards to be used for making…
Apple’s stock takes an $8 billion hit after the news that design chief Jony Ive will be leaving the company
Apple's valuation took a notable dip in after-hours trading after design chief Jony Ive announced he would be leaving the company. Upon…
Lego consortium buys Merlin Entertainments theme parks
A consortium led by the family that controls the Lego toymaking empire has agreed a £5.9bn takeover of Merlin Entertainments, the theme…