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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 ...

Malaysian Merger ‘Could Trigger Islamic Banking Boom’ - 29 July 2014

Ongoing negotiations that could lead to a merger between CIMB Group Holdings, RHB Capital and Malaysia Building Society might, in turn, potentially allow Malaysia to build on its regional dominance in the Islamic finance industry says Business Monitor International ...

Cost of Risk Increases Again for North American Companies - 29 July 2014

The average total cost of risk (TCOR) for North American companies, which is monitored annually by the US Risk Management Society (RIMS) and insurance intelligence group Advisen, moved higher in 2013 for the third year running ...

Virgin America Files for IPO - 28 July 2014

Virgin America, the low-cost US airline launched and partly owned by Sir Richard Branson, has filed for an initial public offering (IPO) to fund its planned expansion in a reviving market for air travel ...

Axioma Reports Equity Market Risk at 30 year-low - 28 July 2014

Equity market risk declined broadly in the second quarter of 2014, falling by some measures to levels not seen in more than 30 years, according to risk management and portfolio construction software specialist Axioma ...

KBC Becomes First Belgian Member of MyBank - 28 July 2014

Belgium’s KBC said that it will become the country’s first bank to join MyBank and will offer the Europe-wide payment method to their retail and corporate customers from spring 2015 onwards ...

Visa Launches Digital Solutions Suite - 28 July 2014

Visa has announced the creation of Visa Digital Solutions, which it is promoting as a comprehensive suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables ...

Ukraine Tensions Weigh on German Economy - 25 July 2014

Geopolitical tensions and the continuing standoff in Ukraine are exacting a toll on German business confidence, which dropped more than economists had predicted to its lowest level since October
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Citi Partners with Concur for Travel Reports - 25 July 2014

Citi’s corporate cards unit is launching a suite of global, enhanced travel reports via Concur’s TravelTrax platform through its agreement with Concur, a provider of spend management solutions and services ...

Qualcomm Deemed to have Monopoly in China - 25 July 2014

US chipmaker Qualcomm has reported a 42% increase in its third quarter profit from a year ago, due in part to increasing demand for smartphones in China that depend on its semiconductor technology ...

Moody’s Guardedly Positive on Central American Banks - 25 July 2014

Continued economic growth will benefit banks in Central America, but the region’s dependence on the still-moderate US recovery, high dollarisation and high levels of inequality and economic informality still remain key risks, says Moody’s Investors Service ...

IMMFA has Mixed Response to US Money Market Funds Changes - 24 July 2014

The London-based Institutional Money Market Funds Association (IMMFA) has given a guarded welcome to the US Securities and Exchange Commission’s (SEC) amendments to the rule governing the operation of money market funds ...