In what could be the largest ever and the most audacious bank raids in history, the central bank of Bangladesh was duped $101 million in a cyber heist. This has left the bank officials from Bangladesh to New York arguing over the security set up in banks.   Hackers allegedly masqueraded as...

The expectations a prevailing weak profitability among the markets brings down Moody’s long-term standings on the StanChart. The “long-term debt” of Moody’s on the “Standard Chartered” ratings have been downgrading for there are expectations of a continuous weak profitability of the lenders for the...

Sources have said that it is highly unlikely that a meeting between oil producers to discuss a global pact on freezing production will to take place in Russia on March 20, reports Reuters.   The news agency reported that there has yet been no confirmation from OPEC member Iran about its...

Potentially strengthening its hand in a proposed merger with London Stock Exchange (LSE), the Deutsche Boerse is selling U.S. options exchange operator International Securities Exchange for $1.1 billion to Nasdaq.   Having written it down continuously since acquiring it for $2.8 billion in...

Banks are like any other business, but they have a particular position on the market. They permeate every other kind of business, as an intermediate agent in almost every type of transaction, except one: cash. Thus, banks are trying to close the loophole, through the slow deletion of cash from our societies.

A major upgrade about how one can browse and book holidays is to be announced by Google and it is ready and available to be downloaded on the smartphones.   Two cities in Europe will pop up as soon as one pulls up the normal Google search bar and simply types – for example "Europe...

Warning that the sector is “fighting hard for its survival” amid rock-bottom prices, the North Sea oil industry has urged the chancellor to hand it a rescue package of tax breaks in next week’s budget.   Unless conditions for the industry improved, about 14bn barrels of an estimated 20bn...

A deal that would have seen rooftop solar panel installer Vivint Solar Inc being taken over by solar energy company SunEdison Inc was called off on Tuesday by the former company after SunEdison failed to "consummate" the deal, said Vivint Solar Inc in a statement.   As SunEdison's finances...

In a meeting with 20,000 workers at its German headquarters on Tuesday,  the top labor official of Volkswagen said that depending on how big a fine has to be paid for its manipulation of diesel emissions tests, the car maker may have to cut jobs in the United States as well as Europe and other...