CUBA SEES FIRST TRIALS TO IMPLEMENT ONLINE COMMERCE

Milian added the trial started with payment by phone services within a controlled environment, before certain currency transactions were allowed, through the state-run foreign exchange system... READ MORE›

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VENEZUELANS GIVE UP ON COUNTING PILES OF CASH AND START WEIGHING THEM

For a QuickTake explainer on Venezuela's economy, click here Until now, as the bolivar sank, the government declined to print bigger-denomination bills... READ MORE›

THE WORLD ECONOMIC ORDER IS COLLAPSING AND THIS TIME THERE SEEMS NO WAY OUT

The IMF is profoundly concerned, warning at last week's annual meeting in Peru of 3tn ?1.95tn of excess credit globally and weakening global economic growth... READ MORE›

MEXICO'S GOVERNMENT IS WORKING ON A TRUMP CONTINGENCY PLAN

Both the central bank and the finance ministry, asked to elaborate, declined to comment... READ MORE›

RUSSIAN CENTRAL BANK, PRIVATE BANKS LOSE $31 MLN IN CYBER ATTACKS

Central bank official Artyom Sychyov discussed the losses at a briefing, saying that the hackers had attempted to steal about 5 billion rubles... READ MORE›

WHY NOBODY TRUSTS THE WORLD'S BEST CURRENCY

The regulator in January removed regulations limiting lenders from buying and selling foreign currency outside a 4 percent band on either side of the official exchange rate... READ MORE›

BANK VOTES 8-1 TO KEEP UK RATES AT RECORD LOW

UK interest rates have been held at 0.5 again by the Bank of England's Monetary Policy Committee MPC ... READ MORE›

INDIA PULLS 500, 1,000-RUPEE NOTES TO 'FIGHT GRAFT'

Indian Prime Minister Narendra Modi has ordered the withdrawal of 500 and 1,000-rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption... READ MORE›

GOLDMAN WARNS CHINA'S OUTFLOWS MAY BE WORSE THAN THEY LOOK

The currency fell 0.2 percent to 6.7179 against the dollar at 6 15 p.m in Shanghai, the weakest since September 2010... READ MORE›

KENNY SAYS ARAS ATTRACTA ABUSE SICKENING

Meanwhile, former European commissioner Olli Rehn yesterday said he would consider seriously appearing before the forthcoming banking inquiry if he is asked to do so... READ MORE›

CENTRAL BANKERS GROUP ISSUES STARK WARNING ON WORLD ECONOMY

Banks' depressed equity prices and budding signs of tension in bank funding markets added another sobering note, the Switzerland-based BIS added... READ MORE›

EUROPEAN CENTRAL BANK PLAYS KEY ROLE IN GREEK CRISIS

But tension between Greece and the European Central Bank could rapidly escalate over the huge credit line that is keeping the country's banks afloat... READ MORE›

Big Banking Royal Bank of Scotland has set aside 400m to cover potential costs from an investigation into alleged manipulation of the foreign exchange market... READ MORE›

DEUTSCHE BANK FINED FOR $10 BILLION SHAM RUSSIAN TRADES

Deutsche Bank has previously said it has taken disciplinary measures against certain employees... READ MORE›

EURO 'HOUSE OF CARDS' WILL COLLAPSE, MONETARY UNION ARCHITECT WARNS

One day, the house of cards will collapse, Issing said in an interview with the journal Central Banking... READ MORE›

BETWEEN POT AND A HARD PLACE

The credit union then needed permission from the Federal Reserve to access the national banking system and perform electronic transactions... READ MORE›

CARNEY PUTS BANKERS' PAY IN SPOTLIGHT

Threat As the Governor of the Bank of England, Mr Carney is the man with overall responsibility for financial stability in the UK... READ MORE›

BANK OF CANADA CUTS ECONOMIC OUTLOOK ON SLOWER HOUSING MARKET, SOFTER EXPORTS

The central bank trimmed its outlook for growth this year to 1.1 per cent, from the 1.3 per cent it had forecast in July... READ MORE›

CHINA BUSTS UNDERGROUND BANKS INVOLVING MORE THAN $148 BILLION

The yuan has depreciated 7.8 percent against the U.S. dollar since the central bank devalued the currency in August last year... READ MORE›

BANK OF CANADA HOLDS INTEREST RATE STEADY BUT SEES 'SUBSTANTIAL REBOUND' FOR REST OF 2016

Bank of Canada holds interest rate steady but sees 'substantial rebound' for rest of 2016... READ MORE›

DEUTSCHE BOERSE BUYS FOREX TRADING PLATFORM 360T FOR $796 MILLION

FRANKFURT Deutsche Boerse DB1Gn.DE is buying German-based foreign exchange trading platform 360T for 725 million euros 796 million the Frankfurt-based stock market operator said on Sunday... READ MORE›

BANCO POPOLARE, BPM SHAREHOLDERS BACK CREATION OF ITALY'S THIRD BIGGEST BANK

Banco Popolare CEO Pier Francesco Saviotti said the bank was working on the sale of 650 million euros in bad loans to be completed by year-end... READ MORE›

GREECES BANKS ARE NEXT IN LINE FOR A EUROPEAN BAILOUT

The European Central Bank last week downgraded the value of Greek bonds when used as collateral for emergency loans... READ MORE›

CENTRAL BANKS WORRY ABOUT ENGAGING WORLD MARKETS AFTER BREXIT

As global markets reel after an establishment-rattling vote by Britain to sever ties with Europe, investors are again expecting central banks to ride to the rescue... READ MORE›

CHINA LETS YUAN FALL FASTER SHARE TRADING SUSPENDED AS PRICES TUMBLE

China lets yuan fall faster share trading suspended as prices tumble... READ MORE›

CHINA READY TO CUT RATES AGAIN ON FEARS OF DEFLATION

Government think-tanks, which make policy proposals, have urged Beijing to cut its economic growth target next year, probably to around 7 percent, from around 7... READ MORE›

GREEKS DRAIN ATMS AS PRIME MINISTER ALEXIS TSIPRAS CALLS REFERENDUM TO DECIDE COUNTRY'S FATE

The European Central Bank has been reviewing liquidity conditions at Greek banks daily in the past week... READ MORE›

MORGAN STANLEY, CITI VYING TO CLEAR YUAN TRADES IN U.S.

The United States was China's largest bilateral trade partner last year, with 558 billion worth of goods and services exchanged between the two countries, Chinese data showed... READ MORE›

BANK OF CANADA HOLDS INTEREST RATE STEADY AT 0.5%

Vote to leave the European Union, the central bank says it, too, has the potential to hurt the Canadian economy... READ MORE›

CYBER FIRMS SAY BANGLADESH HACKERS HAVE ATTACKED OTHER ASIAN BANKS

A senior executive at Mandiant, the cybersecurity company investigating the Bank Bangladesh heist, also told Reuters the hackers had recently penetrated banks in Southeast Asia... READ MORE›

CHINA READY TO CUT RATES AGAIN ON FEARS OF DEFLATION

Government think-tanks, which make policy proposals, have urged Beijing to cut its economic growth target next year, probably to around 7 percent, from around 7... READ MORE›