16th August 2018
Paul Manafort had “a huge dumpster of hidden money” abroad, a prosecutor said on Wednesday, urging a jury to convict U.S. President Donald Trump’s former campaign chief on financial fraud charges based more on a paper trail of evidence than on the testimony of a former protege. Special Assistant U.S. Read More
15th August 2018
The U.S. dollar’s role as a global currency is in decline and Russia has been exploring for some time using national currencies to settle bilateral trade deals with Turkey and other countries, Russian Foreign Minister Sergei Lavrov said. But Lavrov, speaking on a visit to the Turkish capital on Tuesday,… Read More
10th August 2018
German companies are increasingly suffering from U.S. President Donald Trump’s policy of sanctions – including those against Iran – and the tariffs he is pursuing in an escalating trade war with China, business associations said on Thursday. Washington said on Wednesday it would also impose fresh sanctions on Russia by… Read More
8th August 2018
Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect despite pleas from Washington’s allies. Iran dismissed a last-minute offer from the Trump administration for talks, saying it could not negotiate while Washington had reneged on… Read More
8th August 2018
Around 11 regulators and related organisations have clubbed together to form a ‘global sandbox’ project aimed at improving communication between fintech companies and regulators, as well as making it smoother for firms to navigate between various jurisdictions. Called the Global Financial Innovation Network (GFIN), the platform will also create a… Read More
7th August 2018
Legislation that will enable EU firms to trade with Iran despite US sanctions will come into effect on Tuesday 7 August, the European Commission (EC) said on Monday, after Washington reimposed restrictions on Tehran and warned of ‘severe consequences’ for those who continue to deal with Iran. The EU’s… Read More
6th August 2018
Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a collapse of the rial currency that has lost half its value since April due to fears about U.S. sanctions likely to be imposed this week. President Donald Trump’s decision to pull out of… Read More
3rd August 2018
AP — Paul Manafort’s bookkeeper testified Thursday that the former Trump campaign chairman kept her in the dark about the foreign bank accounts he was using to buy millions in luxury items and personal expenses. But he otherwise approved “every penny” of the personal bills she… Read More
3rd August 2018
Venezuela’s all-powerful Constituent Assembly on Thursday voted to legalize money exchange operations to relax the strict currency controls imposed by the social government that have throttled the oil-rich nation’s economy. The measure’s reach was not immediately clear and previous moves to tweak the economic model have had little impact. It… Read More
2nd August 2018
Australia’s ClearView Wealth Ltd, a wealth management product provider, said on Wednesday it was informed that an independent non-executive director was arrested in Papua New Guinea. The director was arrested and charged with one count of conspiracy to defraud by the National Fraud & Anti-Corruption Directorate of the Royal Papua… Read More