International Finance

Tag : Russia

Trading

Charges against two Russia security officials in Yahoo hacking case

Two others named; one of them is on FBI’s most wanted hackers list March 16, 2017: The US Justice Department has announced charges against four people, including two Russian security officials, over hacks that affected millions of Yahoo users. Two of the defendants — Dmitry Dokuchaev and his superior Igor Sushchin — are officers of...
Banking

Deutsche Bank fined for laundering $10 billion for Russians

The German bank has been hit with a $629 million penalty in the US and UK IFM Correspondent February 1, 2017: Germany’s Deutsche Bank has been hit with a $629 million penalty in the US and UK over a $10 billion money laundering scheme that involved its branches in Moscow, New York and London. The...
Economy

Oil price down cycle ‘nearing end’: Saudi minister

“Market fundamentals, in terms of supply and demand, have begun to improve” IFM Correspondent October 26, 2016: Speaking at the World Energy Congress in Istanbul, Turkey, Saudi Arabia’s Energy Minister Khalid al-Falih said that as market fundamentals improve, the current down cycle of crude prices is close to an end. Oil prices are currently hovering...
BankingFinance

Access to credit for ‘unscoreable’ consumers and entrepreneurs

New agreement between FICO and EFL can help millions of consumers in emerging markets October 26, 2016: As part of its FICO Financial Inclusion Initiative, analytic software firm FICO has announced a strategic partnership with EFL Global to expand credit scoring options for lenders and consumers in markets outside the US. FICO will offer EFL’s...
Economy

Iraq refuses to cut oil production

Says the country needs funds as it is embroiled in a war with Islamic militants IFM Correspondent October 24, 2016: It is back to square one. When things were finally looking up for the oil market with Iran agreeing to stabilise the market, Iraq played a spoilsport by refusing to join any deal from OPEC...
Business Leaders

Clinton accuses Russia of interference in US presidential election

Says President Vladimir Putin sees Trump victory as an advantage IFM Correspondent September 6, 2016: Presidential nominee Hillary Clinton has accused Russia of interfering with the US elections. “It is almost unthinkable”, Clinton said referring to reports of Russia’s alleged involvement in US elections citing the hacking of Democratic National Committee’s emails. “We’ve never had...
Economy

Saudi, Russia to work together on oil prices

Price of oil jumps 5% September 6, 2016: The price of oil jumped by 5% after Russia and Saudi Arabia discussed ways to stabilise oil prices on the sidelines of the G20 summit in China. Both countries said they will not act immediately but could limit output in the future. The joint statement was signed...