Category Archives: Finance

26Mar/15

London launches Europe’s first yuan money market fund

China Central Television (CCTV) – The London Stock Exchange on Wednesday launched a yuan-denominated money market fund, allowing investors direct access to the Chinese interbank lending market.
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25Mar/15

Telefonica finalise £10bln sale of O2

(BVO) – Negotiations to buy Britain’s O2 have been going on since January.

Now a deal looks certain.

Spain’s Telefonica, owners of O2, have agree to sell to Hong Kong listed Hutchison Whampoa for 10.25 billion pounds.
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02Mar/15

Gates back on top of billionaires list, Jordan joins

Bill Gates tops Forbes rich list with $79.2 billion and basketball great Michael Jordan joins billionaires club.
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23Feb/15

How many times can HSBC say sorry?

(BVO) – Can it get any worse for HSBC? On this evidence probably not.

Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.
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10Feb/15

Somalian lifeline cut off by suspension of remittance services

Somalia-Remittances

China Central Television (CCTV)

Most of the major U.S. banks have ended remittance services to Somalis after new regulations were passed to stop money from getting into the hands of terrorists such as Somalia’s Al Shabaab. However, funds sent back home to Somalia are crucial for many families and businesses in a country that lacks a proper financial system from years of fighting.
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