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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 ...

Mass Recall Dents GM Profits - 24 July 2014

General Motors, the biggest US carmaker based on sales volume, reported that its second quarter net income was down by more than 80% from US$1.2bn to US$200m due to costs and special charges related to a mass recall of vehicles ...

Bladex Completes Second Bond Issue in Mexico - 24 July 2014

Banco Latinoamericano de Comercio Exterior, aka Bladex, has completed its second issuance of ‘certificados bursátiles’ or local notes in the Mexican capital markets, in the amount of two billion Mexican pesos ...

European Central Bank is Latest Hacking Target - 24 July 2014

The European Central Bank (ECB) has revealed that its website was targeted by hackers and that email addresses and contact data left by people registering for events at the central bank has been stolen ...

ZipZap Expands Bitcoin Purchase Service in Europe - 23 July 2014

ZipZap, the San Francisco-based global payments network, has announced a European expansion, offering 34 countries across Europe opportunities to use cash to purchase Bitcoin and other digital currencies ...

Xceed Launches Platform to Assist Datacentre Migrations - 23 July 2014

Xceed Group, the IT professional services specialist, has launched its mX migration accelerator platform, which is designed to help companies overcome the challenges associated with major migration projects ...

Judge Orders Two Sides to Negotiate on Argentina Debt - 23 July 2014

US judge Thomas Griesa of the Federal District Court in Manhattan has ordered Argentina and a group of New York hedge funds to meet with a court-appointed mediator ‘continuously’ so that the two sides can reach agreement over the contentious issue of the country’s debt repayments ...

South Africa Pursues Payments from World Cup Builders - 23 July 2014

South Africa’s government is reportedly applying pressure on construction companies for further payments as punishment for rigging contracts to build stadiums when the country staged the 2010 FIFA Soccer World Cup ...

Hackers Bypass Online Banking Site Security - 23 July 2014

Computer hackers are employing a ‘Trojan horse’ virus to target users of online banking sites, according to researchers from computer security company Trend Micro ...