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European watchdogs demand detail on Facebook’s cryptocurrency

2 days ago DieselGasoil Comments Off on European watchdogs demand detail on Facebook’s cryptocurrency
LONDON/ZUG, Switzerland (Reuters) – Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Read More

Central bankers weigh up Facebook’s Libra plan

2 days ago DieselGasoil Comments Off on Central bankers weigh up Facebook’s Libra plan
ZUG, Switzerland (Reuters) – A senior member of the Swiss National Bank said he was open-minded about Facebook’s cryptocurrency project, while an Italian official looked for more information as central bankers try to get to grips with the initiative. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Read More

Politicians need to move fast as Facebook & Co move into finance: BIS

2 days ago DieselGasoil Comments Off on Politicians need to move fast as Facebook & Co move into finance: BIS
LONDON (Reuters) – Politicians need to quickly coordinate regulatory responses to new risks from technology companies like Facebook moving into finance, though banks won’t be squeezed out anytime soon, the Bank for International Settlements (BIS) said on Sunday. FILE PHOTO: Small toy figures stand on representations of virtual currency in front of the Facebook logo Read More

HSBC-backed startup aims to become LinkedIn of global trade

2 days ago DieselGasoil Comments Off on HSBC-backed startup aims to become LinkedIn of global trade
HONG KONG (Reuters) – In a first of its kind initiative, HSBC Holdings Plc is backing the launch of a technology startup that aims to connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push. Hong Kong-based Serai, which is a wholly-owned subsidiary of Europe’s biggest Read More

Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions

2 days ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
Highlights In tweet, Trump signals change to 40-year-old maritime security doctrine Analyst sees move as a negotiating tactic amid heightened US-Iran tensions US unveils new sanctions on Iranian leaders following attacks on drone, tankers Washington — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now President Donald Trump signaled Monday Read More

Dirty water holds biggest promise, Jefferies says

2 days ago DieselGasoil Comments Off on Dirty water holds biggest promise, Jefferies says
By David Wethe on 6/24/2019 HOUSTON (Bloomberg) — For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC. As booming U.S. oil production unleashes a torrent of contaminated water that rises to the surface with crude, pipeline operators may be in the best position Read More

Estonia warns of risks in wake of money laundering scandal

2 days ago DieselGasoil Comments Off on Estonia warns of risks in wake of money laundering scandal
FRANKFURT (Reuters) – Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state’s regulator told Reuters, pledging to maintain a clampdown in the country at the center of one of Europe’s biggest financial scandals. FILE PHOTO: Kilvar Kessler, the head of Estonia’s banks supervisor, the Finantsinspektsioon, Picture Read More

Danske Bank ousts former interim CEO after customers overcharged

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COPENHAGEN (Reuters) – Danske Bank has dismissed its former interim chief executive Jesper Nielsen after customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender. FILE PHOTO: Danske Bank interim CEO Jesper Nielsen speaks at a public hearing at the Danish parliament in Copenhagen, Read More

Trump warns of more Iran sanctions with fewer targets remaining

3 days ago DieselGasoil Comments Off on Trump warns of more Iran sanctions with fewer targets remaining
By Saleha Mohsin and Ladane Nasseri on 6/24/2019 WASHINGTON and DUBAI (Bloomberg) — President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The U.S. is already sanctioning significant sectors including Read More

Indian builders woo buyers with cleaner, greener, ‘smart’ homes

3 days ago DieselGasoil Comments Off on Indian builders woo buyers with cleaner, greener, ‘smart’ homes
BENGALURU (Reuters) – When Arkesh Mishra, 33, and his wife Anasuya scouted for a new home in India’s tech hub of Bengaluru this year it was not the old real estate adage of “location, location, location” that was their main consideration – it was “peace of mind”. FILE PHOTO: High-rise residential buildings are seen in Read More