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European Union agrees on Russian sectoral sanctions – top EU officials
The EU has agreed on a new package of sanctions against Russia targeting the military, oil and finance sectors, according to a joint statement by the presidents of the EU Commission and Council.

29.07.2014 08:22

Another US stock crash round the corner, says market guru
​The US stock market will suffer a 20 percent or greater pullback within 12 months says Mark Cook, a legendary investor who predicted the last three major crashes including the 2007 world eonomic crisis.

29.07.2014 14:29

Lloyds in 'late stage' of Libor settlement talks, victims remain unaddressed
Lloyds Banking Group (LBG) is nearing a settlement with US and UK regulators for its alleged role in the manipulation of Libor rates – the major interest rate benchmark that determines the cost of up to $350 trillion worth of global financial products.

25.07.2014 16:04

Bulgaria's Prime Minister resigns as banking crisis unfolds
The Prime Minister of Bulgaria Plamen Oresharski has resigned his post. His decision came after accusations by opponents of failing to cope with the worst banking crisis in 17 years.

25.07.2014 06:27

​EU sanctions on Russian finance could cripple London
The EU plans to widen economic sanctions against Russia, but London, already on rocky ground with the EU, would be hit the hardest if tougher restrictions are slapped on Russia’s big state banks.

25.07.2014 12:56

European Central Bank hacked, personal data stolen
Hackers have stolen personal information from the European Central Bank (ECB) in what seems to be a blackmail scheme. The stolen data includes email addresses and contact information taken from the organization's database.

25.07.2014 02:35

EU adds 15 people, 18 firms to sanctions list over Ukraine crisis
The European Commission added new names and companies to its blacklist on Thursday over the Ukrainian crisis, according to diplomats. However, 'stage three' economic sanctions against Russia have again fallen flat.

24.07.2014 12:44

1.1 million UK households could be in ‘debt peril’ by 2018
A modest increase in interest rates could render almost 25 percent of UK households in severe financial stress, according to a report published on Thursday. The Bank of England (BOE) has confirmed that such rate hikes are imminent.

24.07.2014 16:31

​68 percent of Britons ‘tricked’ by small print financial fees - poll
More than half of Britons say they have been hit with extra fees on their credit cards, bank accounts mortgage or insurance in the last year. Two thirds say lenders and insurers are tricking them with dubious and difficult to compare headline prices.

24.07.2014 13:32

​New Development Bank ushers in a new era of money
The modestly reported Fortaleza BRICS conference delivered a seismic shift in finance: a 21st century economic development as Bretton Woods in the last century.

22.07.2014 14:05

Chatty traders face criminal probe for rigging forex market
​Britain’s Serious Fraud Office (SFO) is investigating the alleged use of chatrooms by forex traders in a conspiracy to rig exchange rates. An estimated $5.3 trillion in currencies changes hands daily.

22.07.2014 06:55

​10 major outcomes of BRICS summit
The 6th BRICS summit in Fortaleza, Brazil, has highlighted the increasing role of emerging countries in international affairs and their ability to share strategic interests and approaches while reaching for their development goals.

21.07.2014 09:36

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