Latest Headlines

Heritage Foundation’s Lohman: China should be allowed to join TPP

Walter Lohman, the director of the Heritage Foundation’s Asia Studies Center, recently said China should be permitted to join the Trans-Pacific Partnership if all participating countries agree to allow it and as long as the country can fulfill the agreement. “The only stipulation on China’s entry beyond technical compliance with the... Read More...

EU introduces new rules to bolster consumer protections

New rules introduced in the EU this month will give European shoppers additional consumer protections, especially online. Under the new rules--applicable to all 28 EU member states--consumers have 14 days to return online and mail order purchases for any reason. Merchants are required to refund the entire purchase, including shipping costs,... Read More...

Michigan’s UFCU donates $1,000 to Northwest Indiana Cancer Kids

United Federal Credit Union donated $1,000 last week to Northwest Indiana Cancer Kids Foundation, which helps assist and support parents and families with children who are fighting cancer. NICK provides financial assistance and connects families with support networks. Services provided by the foundation include home cleaning, help with... Read More...

SIFMA appoints Andy Blocker as executive VP of policy, advocacy

The Securities Industry and Financial Markets Association announced earlier this month that it appointed Andy Blocker, formerly the managing director of U.S. federal affairs at UBS, as its executive vice president of public policy and advocacy. Blocker will take over responsibility for SIFMA’s governmental affairs and advocacy initiatives... Read More...

Mortgage rates change little at year’s end amid mixed economic data

Data released by Freddie Mac last week showed that mortgage rates remained little change during the last week of the year, amid mixed economic and housing data. “Real GDP was revised upwards to 4.1 percent growth in the third quarter of this year,” Freddie Mac Chief Economist Frank Nothaft said. “However, existing-home sales dropped 4.3... Read More...

PT BCA, Planet Payment launch Pay in Your Currency in Indonesia

PT Bank Central Asia and Planet Payment announced last month the launch of PP’s Pay in Your Currency service for bank customers and merchants in Indonesia. Pay in Your Currency allows eligible customers to pay in their home currency at the point of sale. Customers are then given a receipt, which shows the transaction amount in Indonesian... Read More...

U.S. Treasury signs six agreements to target international tax evasion

The U.S. Treasury recently announced that the U.S. signed six bilateral agreements to implement tax evasion provisions enacted by Congress to target non-compliance by U.S. taxpayers using foreign accounts. The six agreements with Bermuda, Malta, the Netherlands and U.K. territories Jersey, Guernsey and the Isle of Man implement information... Read More...

BoJ’s Kuroda: Japan has “golden opportunity” to overcome deflation

Bank of Japan Governor Haruhiko Kuroda said last week that a number of recent positive developments in the country’s economy and financial sector is a “golden opportunity” for overcoming the deflation problem that has persisted for 15 years. In April, the BoJ introduced a stimulus program designed to overcome deflation, partly by raising... Read More...

« Older Stories