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SafeCharge, a UK-based payment solutions provider for the financial services industry, has considerably extended its operation in South-East Asia, launching offices in both Singapore and Hong Kong, two of the biggest financial hubs in the Asia-Pacific region,
In special, SafeCharge has established a new office in Singapore as well as a dependency office in Hong Kong – the two new locales are part of a concerted effort to increase the group’s market share in APAC region, which has the potential to become into one of the largest potential client bases in the world.
Together with this announcement, SafeCharge is also hoping to become a member of UnionPay International, a subsidiary of global payment network China UnionPay, which has over the past decade become an integral component of Chinese e-Commerce.
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The depreciating Chinese RMB has boosted demand for bitcoin as Chinese investors sought protection from the weakening yuan.
The BTC/USD exchange rate is now back above the $720 per Bitcoin level, marking a jump of about 12% in just a week.
In the last twenty-four hours alone Bitcoin rose by over 3% trading on high volume, about 95 million USD, and the bitcoin market cap is now over 11.5 billion USD.
Greece’s international creditors have bought time to secure the country’s financial future after agreeing broad but inexact principles ease its debt mountain and break a deadlock between Germany and the International Monetary Fund. The agreement that will allow the release of 10.3 billion euros ($11.5 billion) of aid and committed to relieving the nation’s 321 billion euros of debt. At a meeting of euro-area finance ministers in Brussels.
The creditors agreed to a wide-ranging settlement to secure debt relief for Greece, after marathon talks in Brussels tonight. Creditors have decided on means to afford short, medium and long-term debt restructuring on Greece’s 180 percent debt.
The euro zone provided Greece its most definite offer yet of debt support in what finance ministers called a breakthrough deal that won a pledge from the IMF finally to return to taking part in the bailout for Greece.
But the debt relief scheme was a FarCry from the “upfront” and “unconditional” debt relief the IMF had demanded on Monday when it warned that Greece would face an ever-growing debt.
It has been a defining point of the bailout of Greece by the Eurozone and International Monetary Fund that the creditors. Extending another lifeline to Greece is the right measures years later than they should.
Fearing a repeated crisis in Greece that could set off financial shock waves, leaders across three continents have struggled to strike a deal to ease Greece’s debt burden.
The IMF is still fighting the good fight about economic reality over the Greek debt crisis. They are declaring, as they should be, that the debt is simply too big to be served. Therefore, that debt needs to be cut.
Source .bomarktfuhrer.com/ Archive
Google has reconsidered its plans for a modular smartphone and now plans to deliver a less customizable model than it had first introduced. The updated Project Ara handset no longer allows its main display or processors to be interchanged .
Google’s first Ara smartphones will be equipped with slots for six modules that will let users add or upgrade features, Google’s officials said. The Company’s aim to build Ara, a customizable smartphone with swappable modules for different functions, such as cameras, speakers and battery packs.like Lego blocks — just by popping them on and off.
Google’s Project Ara modular smartphone will be available for developers soon, but it’s lost much from its customization vision along the way. Developers will be able to get their hands on a developer’s version of Ara by the end of this year.
According to Google’s plan in 2017, Smartphones will go modular.
It is about four months since revealing its latest set of highly anticipated flagship smartphones and the iPhone 7 fever is beginning to escalate. The iPhone 7 line is rumored to be available in three sizes: 4-inch, 4.7-inch, and 5.5-inch. The devices are also expected to have a case built by an Italian case maker has, showing that the Apple iPhone 7 could feature four external speakers a quad-speaker array and vertically arranged rear camera, microphone, and True Tone flash module,
Expected to be released in September 2016, the iPhone 7 will not feature a headphone jack. However, it will have a faster Touch ID, complete waterproof design. the iPhone 7 expected to come with a 256GB ROM, internal storage variant, and 2-3GB in terms of RAM
In terms of , the iPhone 7 could have at least 2GB for the base model and 3GB for the higher-end variants. The camera is expected to have 4K video capability .The iPhone 7’s camera may fully embrace optical image stabilization (OIS), according to new rumors.
Stocks fell Thursday: S&P 500 is negative for 2016
— with the S&P 500 closing in negative territory for 2016 — despite investors encouraged by a big earnings beat from giant retailer Walmart but also as they priced in the prospect of higher interest rates and a resulting weaker stock market.
The S&P 500 has no gains to show for the week after three straight weeks of losses while the Nasdaq clasped a four-week losing streak. Despite gains on Friday, the Dow closed its fourth consecutive week in the red territory
Thursday:’s loss of 0.4 percent for the S&P 500 settled the broad-market index in the red for the year-to-date, joining the Russell 2000 and Nasdaq in that poor place.
Oil prices withdrawal earlier in the week as the U.S. dollar rallied following implications that the U.S. Federal Reserve could launch another round of rate hike at its next meeting in June.
Oil prices rose in early trading on Friday as turmoil in Nigeria,militants blew up another pipeline in African producer Nigeria. Shale bankruptcies in the United States and the crisis in Venezuela all contributed to tightening supplies.
Despite this, overfull inventories across the world were preventing supply shortfalls and sharper price hikes, analysts said.
Crude oil prices slid on Thursday on a stronger dollar and an unanticipated increase in U.S. crude inventories. The fall comes after a rally in recent sessions fueled by production outages in Africa and Canada and production slumps across the globe
On Thursday, oil prices fell as U.S. rate hike expectations lifted the dollar, but crude pared losses on worries about more supply interruptions from Nigeria’s main crude oil terminal. Growing expectations that the U.S.
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