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Sberbank Hits out at EU Sanctions - 1 August 2014

Russia’s Sberbank said that the European Union’s (EU) decision to include the bank on its economic sanctions list “undermines the foundations of the global financial system and does not contribute to the easing of the European crisis caused by the situation in Ukraine” ...

Global Trade Deal Fails as India Resists - 1 August 2014

A proposed World Trade Organisation (WTO) deal to ease worldwide customs rules collapsed before the deadline for completion after India held out with demands for concessions on agricultural stockpiling ...

SEC Reforms to Radically Alter Cash Management, says Fitch - 1 August 2014

New rules from the US Securities and Exchange Commission (SEC) on money fund regulations represent a dramatic overhaul for the liquidity management industry, which has relied upon stable net asset values (NAV) money funds for decades, according to a report from Fitch Ratings ...

focus Russian Sanctions Likely to Produce Cumulative Effect - 31 July 2014

The banking, defence and oil sectors are likely to feel the greatest impact from the planned escalation of economic sanctions imposed on Russia by the European Union (EU) and the US, according to analysts ...

Eurozone Edges Nearer to Deflation - 31 July 2014

The inflation rate in the eurozone, which last month was recorded at just 0.5%, eased again to 0.4% in July and further into what the European Central Bank (ECB) has described as a ‘danger zone'
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China Should Lower 2015 Growth Target, says IMF - 31 July 2014

The International Monetary Fund (IMF) said that China should trim its 2015 economic growth target to 6.5%-7% for 2015, below its goal for 2014, and refrain from stimulus measures unless activity threatens to slow sharply ...

Second Default for Argentina as Deadline Runs out - 31 July 2014

Following a breakdown in talks with its US creditors, Argentina has failed to make scheduled payments on its government bonds and sent the country into its second default in 13 years ...

US Economy Revives in Second Quarter - 30 July 2014

US economic growth revived in the second quarter of 2014, expanding at an annual rate of 4% in the three months to the end of June according to the Commerce Department ...

SunGard Survey Reveals Lack of Proactive Data Reporting - 30 July 2014

The priority placed on business intelligence (BI) continues to heighten, but many organisations are challenged by the need to improve reporting techniques, business capabilities and information management, reports SunGard ...

AIG Europe Launches Cover for Cyber Attacks - 30 July 2014

AIG in Europe has extended its cyber offering in response to the growing threat of potential property damage and bodily injury loss resulting from a cyber attack or security failure ...

Borrowing Costs at Record Lows across Europe - 29 July 2014

Low interest rates across Europe have sent government bond yields to historically low levels, with French, Spanish, Italian and Dutch government borrowing costs at rates last seen more than 100 years ago ...

SEPA Phase II Now Underway, says EPC - 29 July 2014

The second phase of the single euro payments area (SEPA) project is now underway and the institutional SEPA landscape is about to become even more complex, says Javier Santamaria, chair of the European Payments Council ...

South Korea Enters Top Ten for RMB Payments - 29 July 2014

South Korea’s renminbi (RMB) payments value increased by 563% between June 2013 and June 2014, making South Korea number eight in the world for RMB payments value, excluding China and Hong Kong ...