30 October, 2014 by The TZ Newswire Staff Comments Off on Western Union beats as more people use Web, mobile money transfer
Western Union beats as more people use Web, mobile money transfer
Revenue at the company’s digital business, which includes westernunion.com and mobile money transfer, jumped 21 percent in the third quarter, accounting for nearly 6 percent of total revenue. Western Union has cut prices and invested heavily in its online and mobile businesses to better compete with fast-growing rivals such as MoneyGram International Inc (MGI.O), Xoom Corp (XOOM.O) and privately owned Boom Financial Inc.
30 October, 2014 by The TZ Newswire Staff Comments Off on Western Union beats as more people use Web, mobile money transfer
Western Union beats as more people use Web, mobile money transfer
Revenue at the company’s digital business, which includes westernunion.com and mobile money transfer, jumped 21 percent in the third quarter, accounting for nearly 6 percent of total revenue. Western Union has cut prices and invested heavily in its online and mobile businesses to better compete with fast-growing rivals such as MoneyGram International Inc (MGI.O), Xoom Corp (XOOM.O) and privately owned Boom Financial Inc.
30 October, 2014 by The TZ Newswire Staff Comments Off on World Bank to cut 500 jobs in some units as part of revamp
World Bank to cut 500 jobs in some units as part of revamp
The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees. The long-expected layoffs, along with budget cuts and internal reorganization, have sparked regular staff protests and fears of a broader revolt at a time when the bank is trying to ramp up its work in fighting the Ebola outbreak and other global challenges, and maintain its relevance.
30 October, 2014 by The TZ Newswire Staff Comments Off on World Bank to cut 500 jobs in some units as part of revamp
World Bank to cut 500 jobs in some units as part of revamp
The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees. The long-expected layoffs, along with budget cuts and internal reorganization, have sparked regular staff protests and fears of a broader revolt at a time when the bank is trying to ramp up its work in fighting the Ebola outbreak and other global challenges, and maintain its relevance.
30 October, 2014 by The TZ Newswire Staff Comments Off on KCG Said to Seek at Least $300 Million for HotSpot Unit
KCG Said to Seek at Least $300 Million for HotSpot Unit
KCG Holdings Inc., the trading firm formed in the aftermath of Knight Capital Group Inc.’s near collapse, is seeking at least $300 million for its currencies unit, people with knowledge of the matter said.
30 October, 2014 by The TZ Newswire Staff Comments Off on KCG Said to Seek at Least $300 Million for HotSpot Unit
KCG Said to Seek at Least $300 Million for HotSpot Unit
KCG Holdings Inc., the trading firm formed in the aftermath of Knight Capital Group Inc.’s near collapse, is seeking at least $300 million for its currencies unit, people with knowledge of the matter said.
30 October, 2014 by The TZ Newswire Staff Comments Off on Markets Explodes As Bank Of Japan Goes All-In-er; Increases QQE To JPY 80 Trillion
Markets Explodes As Bank Of Japan Goes All-In-er; Increases QQE To JPY 80 Trillion
In a surprise move given all the recent congratulatory bullshit from Abe and Kuroda on breaking the back of Japan’s deflation and bring about recovery (forgetting to mention record high misery index, surging bankruptcies and a crushed consumer), the Bank of Japan (by a 5-4 vote) raised its bond-buying program from JPY 70 trillion to 80 trillion… and increases its ETF buying to JPY 3 trillion.