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Linedata expands its outsourcing business into Asia with the acquisition of Hong Kong provider QRMO
Monday, 07 August 2017
Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, has signed an agreement to acquire Quality Risk Management & Operations (QRMO), a leading specialist provider of outsourced middle-office, shadow accounting and risk monitoring services to the asset management and securities industries.
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Research: UK retail sector toughest in world and faces drop in consumer spending
Monday, 07 August 2017
The UK has been ranked as one of the world’s most challenging retail markets, according to Euler Hermes, the leading trade credit insurer.
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Registration of Hua Xiang Loans CC cancelled with immediate effect
Thursday, 03 August 2017
On 27 July 2017, the National Consumer Tribunal (NCT) heard the case between the National Credit Regulator (NCR) and Hua Xiang Cash Loans CC (Hua Xiang), a registered credit provider operating in Makhado and Malelane with the registration number NCRCP3505.The NCR argued that Hua Xiang was in contravention of the provisions of the National Credit Act, 34 of 2005, as amended (the Act). The NCT made an order whereby the registration of Hua Xiang was cancelled, with immediate effect. The remainder of the prayers sought by the NCR were reserved for the NCT to deliver a written judgment in due course. 
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Bank of England base rate kept at 0.25%
Thursday, 03 August 2017
Commenting on today’s decision by the Bank of England to increase interest rates, Andrew Johnson, Money Expert for the Money Advice Service, said:  “The Bank of England has decided to keep its interest rates at 0.25% despite fears of rising inflation. It has also cut its economic growth forecast due to the uncertainty around Brexit and continued low wage growth.
 
BoE Rate Decision: State Street Reacts
Thursday, 03 August 2017
In reaction to the Bank of England (BoE) Monetary Policy Committee (MPC) meeting, Tim Graf, head of macro strategy for EMEA at State Street Global Markets, and Alan Wilson, senior investment manager of active fixed income at State Street Global Advisors, offer their view: 
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Commenting on how UK growth forecasts have been cut
Thursday, 03 August 2017
Commenting on how the Bank of England expects the economy to grow by 1.7% this year, down from a previous forecast of 1.9%, Shilen Shah, Bond Strategist at Investec Wealth & Investment, said: “As expected, the Bank of England left interest rates unchanged with two dissenters in the committee voting for a rate hike. The central bank cut its GDP forecast as uncertainty created by Brexit hits output, despite the boost from the weaker currency and the upturn in global growth. 
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BoE interest rates: "the side step today means a continuation of the record lows"
Thursday, 03 August 2017
Martin Palmer, Head of Corporate Market Management at Zurich, comments: “Despite edging closer towards a rate hike at end of the year, the side step today means a continuation of the record lows that have driven borrowing and supported mortgage repayments. On the flip side, it means less return on savings at a time when inflation has been on an upward trend, so while some people may be starting to build up  cash reserves, these will lose more and more value in real terms as time goes on. With household debt on the rise and the state pension age increased, it’s even more crucial to mitigate the effects and ensure retirement income is protected.  
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Thomson Reuters adds alternative finance intelligence to Eikon with tab dashboard
Thursday, 03 August 2017
TAB Dashboard has become the first alternative finance data intelligence app added to Thomson Reuters Eikon App Studio.  Created by Cambridge-based TAB U.K., TAB Dashboard is the world’s most comprehensive source of intelligence on the global alternative finance market, and its deployment on Eikon opens up a significant new asset class for its users.
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Digital Dozen finalist, OpenGenius, to create 30 new jobs in Wales
Wednesday, 02 August 2017
OpenGenius, the creators of iMindMap and DropTask, has announced that they will be creating thirty new high tech jobs within the next two years.  
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Cyber-Security Breaches – A Fact of Life?
Wednesday, 02 August 2017
If anything should focus the minds of Government Ministers and MPs about the importance of online security, the recent cyber attack on both Houses of Parliament should. 
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Creditsafe launches in the Middle East
Tuesday, 01 August 2017
Global business intelligence experts, Creditsafe, has today announced the addition of 16 countries across the Middle East and North Africa to its global platform.
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