Business and Finance

Do you need to contact your bank to find out whether a payment has been made or would you like to make a purchase? How about using your mobile phone or PDA to access these services wherever you are? This is now possible, thanks to a secure mobile, universal real-time payment service.

The SEMOPS IST programme-funded project is a pioneer in mobile payment methods. This open, secure mobile payment service is based on a cooperative model between banks and mobile network operators.

A reduction in U.S. consumption, increased savings and the adoption of flexible exchange rates in Asia would trigger global instability, according to a Conference Board analysis released today.

Says Gail Fosler, Executive Vice President and Chief Economist of The Conference Board: “Not only would these actions not have the intended effect but they would add to global instability and further slow an already disturbing slowdown in long-term global growth.”

The analysis app

Nandapurkar: We welcome the chance to argue our case in Chicago

The fully-electronic futures and options exchange Eurex US has filed its second amended antitrust complaint against the Chicago Board of Trade (CBOT) and Chicago Mercantile Exchange (CME). The amended complaint was filed with the U.S. District Court for the Northern District of Illinois. Eurex US had filed an antitrust action against the two exchanges on October 14, 2003 for repeated anticompetitive behavior and unla

Up to 60 percent of “ecosystem services” that support life on earth, such as food, water and climate regulation, are crumbling at an unsustainable rate, members of the Millennium Ecosystem Assessment (MA) project report here today (March 30). Designed to assist global policy-makers, MA is the first international study to appraise the status of Earth’s diverse ecosystems and their associated impact on human well-being.

Stephen Carpenter, a zoology professor at the University o

Clearstream has been rated as the leading global provider of Tri-Partite Repo services to the international securities market for 2005 by the closely-watched annual survey undertaken by the respected Global Custodian magazine. The survey conducts a detailed review of a wide range of service elements ranging from collateral optimization through to reporting and communications.

For the fourth time in the last five years, Clearstream has achieved the highest overall scores and has increased

A new Report published by the Centre for Economic Policy Research (CEPR) examines the changes that have taken place in banking in the European Union over the last few years. The authors of the third title in CEPR’s Monitoring European Deregulation (MED) series ‘Integration of European Banking – The Way Forward’ note that perhaps the most significant development that has taken place in this sector has been the launch of the Financial Services Action Plan (FSAP).

The goal of the