Bank Of Baroda Discloses Rs 456 Crore Exposure To Rotomac Global

Bank Of Baroda Discloses Rs 456 Crore Exposure To Rotomac Global

BoB was asked by stock exchanges for clarification regarding news reports related to Rotomac. After the CBI and ED, the Income Tax Department has stepped up action against the Kanpur-based Rotomac group and its promoter, Vikram Kothari, attaching 11 bank accounts in connection with an alleged tax evasion probe against them, sources said. The bank […]

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SpaceX rocket launches Luxembourg satellite for NATO

More EU bank risk-sharing needed, no permanent transfers planned: Centeno

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world’s media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn […]

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Lithuania’s Central Bank Investigates 100 Million Euro Bankera ICO

Lithuania’s Central Bank Investigates 100 Million Euro Bankera ICO

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Lithuania’s central bank has launched an investigation into a domestic initial coin offering (ICO), which it says has violated the country’s securities laws. According to a statement dated Feb. 15, the Lietuvos Bankas has opened a probe into blockchain financial services startup […]

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The governor of the Bank of England claims that Bitcoin has …

Governor Mark Carney of the Bank of England (BoE) stated that Bitcoin can not be considered a legitimate currency by “traditional” definitions The Telegraph reported on Monday, February 19. An event at London's Regent's University, Carney asserted that Bitcoin did not meet two main requirements of a traditional currency, claiming that Bitcoin is not a […]

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Why Geneva Demands Billions Back From Its Bank

Why Geneva Demands Billions Back From Its Bank

(Picture: Screenshot Leman Bleu) The state bank of Geneva is facing calls for a payback of state-aid it received at the beginning of the century. The money involved is pretty substantial for a company of its size. A group of leftist politicians yesterday said they wanted the cantonal bank to pay 3.2 billion Swiss francs […]

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Tata Steel Q3 net surges 5-fold to Rs1,294 cr on volume growth

Sensex falls for 3rd consecutive day; Nifty Bank index underperforms

3:30 pm Market Closing: Benchmark indices wiped out gains in last hour of trade after further correction in rupee that fell a percent intraday against the US dollar. The 30-share BSE Sensex was down 71.07 points at 33,703.59 and the 50-share NSE Nifty declined 18 points to 10,360.40. The market breadth was weak as about […]

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Public Bank, CIMB help KLCI close off lows

Public Bank, CIMB help KLCI close off lows

KUALA LUMPUR: Bursa Malaysia’s blue chips came under profit taking on Tuesday after the strong gains chalked up the previous day with Petronas Gas and IHH Healthcare giving up bulk of their gains. However, the FBM KLCI ended off the intra-day low of 1,852 on some fund buying of Public Bank, CIMB and Nestle thanks […]

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Bitcoin “Failed” as a Currency So Far, Says Bank of England Governor

Bitcoin “Failed” as a Currency So Far, Says Bank of England Governor

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bank of England (BoE) governor Mark Carney recently argued that bitcoin has, so far, “failed” to be a legitimate currency measured by standard benchmarks, as it neither a store of value nor a useful medium of exchange. While speaking at a private […]

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Boost for Australian Dollar after a fairly neutral tone from the Reserve Bank of Australia [Video]

Boost for Australian Dollar after a fairly neutral tone from the Reserve Bank of Australia [Video]

Today’s Highlights Boost for Australian Dollar Trouble ahead for European politics? German production data watched closely today   Current Market Overview Boost for Australian Dollar The Australian Dollar is showing some strength after a fairly neutral tone from the RBA overnight. RBA minutes showed that policymakers are maintaining the cautiously neutral stance. The low interest […]

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Lithuania's Central Bank Probes 100 Million Euro ICO

Lithuania’s Central Bank Probes 100 Million Euro ICO

Lithuania’s central bank announced last week that it is probing a domestic initial coin offering (ICO) after determining that the token offered counts as a security. In a Feb. 15 statement, the Lietuvos Bankas said it had made contact with blockchain banking firm Bankera regarding its token sale, which was advertised on two websites and had […]

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ECB goes to WAR with Latvia: Euro chiefs freeze payments by top bank

ECB goes to WAR with Latvia: Euro chiefs freeze payments by top bank

The controversy began last week when the US Treasury accused ABLV of “institutionalised money laundering,” saying the firm allowed clients to bypass international conventions and conduct business with parties connected to North Korea. The financial sector in Latvia, a small eurozone state which shares a border with Russia, has come under wider scrutiny for being […]

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FY2017 Budget to bank $9.61b surplus

FY2017 Budget to bank $9.61b surplus

Singaporeans will reap a one-off bonus, thanks to a hefty Budget surplus of $9.61 billion for 2017 – well up on the $1.91 billion estimated a year ago. That $9.61 billion – about 2.1 per cent of gross domestic product – will be the largest surplus in absolute value racked up in the past three […]

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Bank of Japan watchers see strong stimulus continuing under Gov. Haruhiko Kuroda

Prime Minister Shinzo Abe’s decision to stick with Bank of Japan Gov. Haruhiko Kuroda indicates that powerful stimulus will continue, and the yen’s recent advance could make policy normalization even more remote. That’s the message from a survey of 26 economists following Abe’s nomination of Kuroda and new deputies Masayoshi Amamiya and Masazumi Wakatabe. Only […]

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Post bank scams, Sensex tanks 462.10pts

Post bank scams, Sensex tanks 462.10pts

ANI | Updated: Feb 19, 2018 11:06 IST Mumbai/Kanpur [India]Feb 19 (ANI): Market indices took a significant plunge in Monday morning trade amid a fresh round of bank scams. The BSE’s Sensex saw a 462.10-point dip at 33,835.37, while the Nifty traded 146.75 points lower at 10,399.65. Sectoral indices were trading in red, with the […]

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