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US Consumers Warming to Mobile Payments - 26 November 2014

The attitude of US consumers towards mobile payments is shifting, according to a study conducted by Retale, a location-based shopping and marketing platform ...

UK Economic Prospects Assessed as Rosy for 2015 - 26 November 2014

There is close to a one-in-two chance that UK inflation will breach the Bank of England’s (BoE) target range and fall below one per cent in 2015, according to the newly-launched Warwick Business School Forecasting System ...

International Renminbi Usage Continues to Grow - 26 November 2014

Financial messaging provider SWIFT reports that its latest Renminbi (RMB) Tracker shows 15 more countries are now using the RMB for more than 10% of their payments value with China and Hong Kong compared to April 2013 ...

BSI Publishes Organisational Resilience Standard - 25 November 2014

Business standards company the British Standards Institute (BSI), which recently issued guidance on outsourcing, has published BS 65000 Guidance for Organisational Resilience ...

European Payments Council Updates SEPA Rulebooks - 25 November 2014

The European Payments Council (EPC) has published updated versions of the single euro payments area (SEPA) credit transfer (SCT) and SEPA direct Debit (SDD) rulebooks, which will take effect from November 22 2015 ...

European Corporate Bond Market ‘Needs Urgent Repair’ - 25 November 2014

Europe’s corporate secondary bond market faces a potential liquidity crisis, which requires constructive and coordinated action from all market stakeholders to find solutions, says the International Capital Market Association ...

Hungarian Firms Lead Europe in Managing Information Risk - 24 November 2014

Firms in Germany, the Netherlands and the UK trail their peers elsewhere in Europe when managing and responding to information risk, according to the latest ‘Information Risk Maturity Index’ produced by PwC and information management specialist Iron Mountain ...

Europe’s Revised Money Market Fund Proposals ‘Still Revolutionary’ - 24 November 2014

Money market fund (MMF) reforms proposed by the rapporteur for a European Parliamentary (EP) committee would provide some leeway for funds to continue operating under a stable valuation model, but would still lead to a significant shake-up of the sector in Europe, says Fitch Ratings ...

Insurance Costs Escalate for Russian Companies - 24 November 2014

Russian companies face escalating insurance costs as Western sanctions prompt foreign insurers to withdraw from the market on concerns that further measures could follow and undermine economic growth ...

Europe’s Corporate Funding Boom Boosted by M&As - 24 November 2014

Total new debt (bonds and loans) issued by European corporates is heading for a post-crisis high in 2014 as lower-for-longer funding costs continue to drive mergers and acquisitions (M&A) and refinancing activity, reports Fitch Ratings ...

CoCo Bonds ‘Could Push Banks Deeper into Crisis’ - 21 November 2014

Banks are increasingly issuing contingent convertible aka ‘CoCo’ bonds to boost the levels of equity they hold, notes a study by economists at Germany’s Technische Universität München (TUM) and University of Bonn ...

UK Supermarkets Face Power Balance Shift with Suppliers, says Fitch - 20 November 2014

Falling sales for the UK’s big four supermarkets in the face of rising competition from hard discounters will accelerate the decline in the sector’s profitability and change the power balance between UK retailers and some of their suppliers, Fitch Ratings says ...

Canadians ‘Less Receptive to Mobile Payments’ - 20 November 2014

Despite reports on the growing use of mobile payments, many Canadians are still reluctant to pay for purchases with their smartphones, suggests a report global research company GfK ...