Based on the Revolution Money P2P payments platform Amex acquired for around $300 million last year, Serve is already available in the US and will spread to other markets over the next year.
Once signed up, users can an access accounts at the Serve [...]
Amex unveils digital payments platform
Diposting oleh nangsa on Rabu, 06 April 2011
More about → Amex unveils digital payments platform
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RBA calls for Australian payments innovation
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In a speech, ABA assistant governor Malcolm Edey says the bank understands it cannot "regulate innovation into being" but wants to work with the industry to foster co-ordination.
Edey used the speech - which comes in the midst of an ongoing strategic [...]
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National Bank of Greece unveils concept i-branch
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The i-bank store gives "e-banking true physical form" claims NBG, with staff providing information and assistance relating to online and mobile services.
The screen-filled branch includes a lounge area with a virtual sky [...]
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Visa and Samsung bring NFC m-payments to London Olympics
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Members of the public will be able to make low value payments by selecting a Visa mobile contactless application and then waving their handset against equipped terminals.
The firms say they will give out the handsets to [...]
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7April: Thumb insurance for Twitter addicts and NFC chip implants
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Online price comparison site Confused.com is apparently introducing thumb insurance for social media addicts. If you get Tweeter's cramp the policy offers a free emergency kit including Savlon cream and fast healing plasters.
Saffron Building [...]
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Twitter analysis boosts trading results
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In a study, the Technical University of Munich economists analysed 250,000 Twitter messages written in a six-month period related to S&P 500 listed companies.
They found the sentiment of tweets to be associated with abnormal stock returns and message [...]
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Virgin Media schedule Q1 results
Diposting oleh nangsa on Selasa, 05 April 2011
Virgin Media will be announcing its first quarter results on 20 April. At 1:02pm: (LON:VMED) share price was -15.5p at 1714.5p Story provided by StockMarketWire. [...]
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Baobab equity line facility increased to £17m
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Baobab Resources has increased its equity line facility with Dutchess Opportunity Cayman Fund Ltd and First Columbus by £12m to £17m. The ELF may be drawn down in tranches linked to Baobab's average daily trading volume in the three days prior to the [...]
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IRET back into the black with £31.9m profit
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ING UK Real Estate Income Trust bounced back into the black in the year to the end of December with pre-tax profits of £31.9m against a loss of £19.3m last time. The net asset value rose to £206.9, - or 60p per share - from £181.m - 55p per share - in [...]
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IQE appoints global GaN strategy director
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IQE has appointed Dr Trevor Martin as director of global gallium nitride strategy. Martin will be responsible for enhancing and delivering the group's strategy to enhance its world leading GaN product capabilities. He will be based at the company's headquarters [...]
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G7 economic outlook stronger than previously projected, says OECD
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Growth in the G7 economies outside Japan appears to be stronger than previously projected, according to new analysis from the Organisation for Economic Co-operation and Development. OECD chief economist Pier Carlo Padoan said: "The outlook for growth [...]
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Stocks poised to slip on oil prices, Europe woes
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NEW YORK —
Stocks look ready to drop at the opening of trading on Tuesday with oil prices hovering near 30-month highs, a rate hike in China and new developments in Europe's debt crisis.
Stock markets are dipping around the world, after China's central [...]
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Top ten Asia managers over five years: in graphs
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Out of 75 managers, the average return from Asia ex Japan equities was 54% in the past five years. Some fund managers beat this figure by some distance, however, and we reveal the top ten he [...]
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Star prop trader quits Deutsche Bank to set up hedge fund
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A Deutsche Bank prop desk trader has left the firm after 17 years, taking a team of six traders with him to set up a hedge fund.
Kay Haigh, who had been head of global macro trading at Deutsche, quit the bank last week [...]
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Middle East on G7 Agenda for April Meeting
Diposting oleh nangsa on Sabtu, 02 April 2011
WASHINGTON -- World Bank officials have invited the leadership of regional development banks to meet here on April 14 to devise economic policies to help Egypt, Tunisia and other Middle Eastern nations trying to make transitions to democracy, according [...]
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China sees new emerging markets bloc consensus
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BEIJING —
An upcoming meeting of the leaders of the world's leading emerging economies should boost consensus and cooperation among them, although members of the group have yet to decide on whether to establish a permanent secretariat, a Chinese diplomat [...]
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GoodGuide Car Ratings: Smart Electric Rates Tops, Dodge Dakota Tanks
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The Smart Fortwo Electric outranks more than 3,500 cars rated by GoodGuide, while the Dodge Dakota comes in last. Smart also ranks as the top overall automotive brand, while Aston Martin was rated worst.
GoodGuide helps [...]
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College Plans You Thought Were Safe
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The predicament of state workers has drawn a great deal of attention recently, and rightly so. The health of their pension plans and their right to organize are fundamental issues.
But the state budget crises that have led to these reckonings have also [...]
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Excuses, Excuses, Excuses
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Warren Buffett did it in the early-1990s, when one of his holdings at the time, Salomon Brothers, was caught in a Treasury bond scandal. He did it in the mid-2000s, when executives at General Re, owned by Buffett’s company, [...]
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New world disorder
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In a globalised world, the only certainty is uncertainty. Economic dogma is being swept aside, as nation states follow their own disparate routes to recovery and growth. So why is the UK government sticking to the old script?
The first months of 2011 [...]
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Councils' audit costs could rise under government’s plan, argues O’Higgins
Diposting oleh nangsa on Jumat, 01 April 2011
The Audit Commission today warned of ‘significant extra costs’ that could hit local authorities under the government’s proposed new audit regime.
Responding to the consultation on the future of local audit, published by ministers on March 30, [...]
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Councils now priority creditors of collapsed Icelandic banks
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Local authorities that invested in Iceland’s collapsed banks have gained priority status as creditors, potentially saving them £400m.
A ruling by Iceland’s district court means that deposits placed by UK wholesale depositors will now have priority in [...]
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