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Search resuls for: "Western Union"


11 mentions found


U.S. dollar drops to lowest in more than two years
  + stars: | 2020-11-30 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com + 0.00   time to read: +3 min
Continued month-end dollar selling has also undermined the dollar on Monday, as global fund managers rebalanced their portfolios amid sharp gains in U.S. stocks, analysts said. Hopes for further stimulus and a series of positive COVID-19 vaccine announcements has seen global market sentiment rally this month, prompting the dollar to fall and riskier currencies to strengthen. On the last day of the month, the dollar index was down 0.2% at 91.558The euro rose to three-month highs versus the dollar of $1.20. The dollar was flat to slightly lower against the Chinese yuan in the offshore market, at 6.5727. Meanwhile the New Zealand dollar was poised for its biggest monthly gain since late 2013, helped by a perception that the improving global economic outlook lessens the risk of negative rates.
Persons: Joe Biden’s, Rick Wilking, bitcoin, Joe Manimbo, Biden, Joe Biden, Janet Yellen, , Marc Chandler Organizations: YORK, REUTERS, Western Union Business Solutions, Reserve, , Treasury, European Central Bank, U.S, ECB, Bannockburn Global Forex, New Zealand, European Union Locations: Westminster , Colorado, Washington, Bannockburn, Britain
HAVANA (Reuters) - Western Union Co suspended its operations across Cuba on Monday evening as new U.S. sanctions kicked in, cutting a key lifeline for many struggling Cuban families as the coronavirus pandemic deepens the Communist-run island’s economic crisis. Slideshow ( 2 images )U.S. President-elect Joe Biden has promised to roll back some sanctions on remittances. But any lifting of the suspension could take time and until then, Cuban Americans are expected to resort to alternatives that are more costly, less secure and less rapid. Cuban Americans can transfer digital currencies to middle men on the island who then give money to the Cuban Americans’ relatives. The closures of Western Union’s 407 offices in Cuba came into effect after U.S. President Donald Trump’s administration banned U.S. firms sending remittances via military-controlled companies that include Western Union’s main Cuban partner.
Persons: Joe Biden, John Kavulich, Kavulich, “ We’ve, , Arturo Labaut, Donald Trump’s, , Guillermo Grenier, “ It’s Organizations: Western Union Co, Cuban, Western Union, Cuba Trade, Economic Council, Florida International University Locations: HAVANA, Cuba, United States, Florida, U.S, Western, Cuban
The dollar index was last up 0.05% at 92.366, after earlier dropping to 92.013, the lowest since Sept. 1. It is hovering just above technical support around 92, a conclusive break below which could usher in new weakness, analysts said. Analysts at Brown Brothers Harriman said that if the index breaks its September low, there is little support until its low from February 2018. The Reuters dollar index showed the greenback falling to a more than two-year low of 91.737 on Sept. 1. Based on the Reuters dollar index, the next target for the euro is likely its September high near $1.2010, followed by the February 2018 high of $1.2555, Brown Brothers Harriman said.
Persons: Akhtar Soomro, , Joe Manimbo, Manimbo, Matthew Maley, Miller Tabak, Harriman, Brown, Sterling Organizations: YORK, REUTERS, AstraZeneca, Western Union Business Solutions, Brown, Reuters, New Zealand Locations: Karachi, Pakistan, Washington, COVID
Merck shares added 1.9% in premarket trading as of 7:31 a.m. The shares rose 6% in premarket trading as of 7:31 a.m. The shares were volatile in premarket trading and slightly lower as of 7:31 a.m. Regeneron rose 4% in premarket trading as of 7:31 a.m. Pfizer (PFE) – Pfizer's Covid-19 vaccine could receive U.K. approval this week, according to a report by the Telegraph news site.
Persons: – Merck, Korn Ferry, – Regeneron, Regeneron, Pfizer's, BioNTech, – Needham, , Patrick Ky, WU, Eli Lilly, – Lilly, Locker, Piper Sandler, Piper, Foot, WestJet, Blackstone, Kellogg Organizations: Merck, Revenue, AstraZeneca, Oxford University, Regeneron Pharmaceuticals, Food and Drug Administration, Pfizer, Telegraph, FDA, Boeing, European Union Safety Agency, Paris Air Forum, Federal Aviation Administration, Western Union, Saudi Arabia's STC Group, Delta Air Lines, DAL, U.S, New, LaGuardia, Blackstone, Bloomberg, , Suisse Locations: Canada, Asia
Veteran diplomat and longtime Joe Biden foreign policy advisor Antony Blinken is the president-elect's top choice to serve as secretary of State , multiple sources told NBC News. Incoming White House chief of staff Ron Klain said Sunday that Biden will begin announcing his Cabinet picks on Tuesday. The approval comes after the FDA announced on Nov. 9 emergency use authorization for Eli Lilly's antibody treatment. The treatment was shown to reduce the risk of respiratory failure or death by more than 50% in patients hospitalized with Covid and requiring oxygen. Boeing's (BA) 737 Max jet is safe to fly, according to European Union Safety Agency Executive Director Patrick Ky.
Persons: Joe Biden, Antony Blinken, Ron Klain, Biden, Eli, Korn, Korn Ferry, Patrick Ky, Needham, Locker, Piper Sandler, Piper, Foot, Canada's WestJet, WU Organizations: NBC News, White House, Sunday, Drug Administration, Trump, FDA, CNBC, Merck, Consulting, Revenue, European Union Safety Agency, Paris Air Forum, FAA, Delta Air Lines, DAL, U.S, New, LaGuardia, Western Union, Saudi Arabia's STC, Blackstone, Bloomberg Locations: Asia
Saudi Arabia's STC Pay plans to expand its financial services offering across the Gulf region, after achieving a billion-dollar "unicorn" valuation on the back of a deal with Western Union. "We are very proud of becoming the first unicorn in the Kingdom and the first fintech unicorn in the Middle East," STC Pay CEO Ahmed Alenazi told CNBC in an exclusive interview on Monday. STC Pay is the digital payment arm of Saudi Arabia's STC Group, the largest telco operator in the Kingdom. STC Pay is now in talks with Gulf regulators to seek approval to operate in the United Arab Emirates, Kuwait and Bahrain, subject to regulatory approvals. "This is where we want to change the way people look at financial services," Alenazi said.
Persons: Ahmed Alenazi, Alenazi Organizations: Saudi Arabia's, Western Union, STC, CNBC, Saudi Arabia's STC Group, United Arab Locations: Kingdom, Saudi Arabia, Western, United Arab Emirates, Kuwait, Bahrain
FILE PHOTO: A man sits on a chair next to Western Union currency exchange office in Prague, Czech Republic, September 8, 2017. REUTERS/David W Cerny/File PhotoDUBAI (Reuters) - Western Union, the world’s largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia’s STC Group for $200 million. He said the deal created the first “Saudi unicorn and the first fintech unicorn in the Middle East”. Reducing dependence on cash is part of Saudi government efforts to modernise the economy of the world’s largest oil exporter. STC said its stc pay unit is the first licensed fintech company by the Saudi Arabian Monetary Authority, the Saudi central bank, and has more than 4.5 million users.
Persons: David W Cerny, Mohammed bin Khalid Abdullah Al Faisal Organizations: Western Union, REUTERS, DUBAI, Reuters, Saudi Arabia’s, stc, STC, Unicorns, Saudi Arabian Monetary Authority Locations: Prague, Czech Republic, Western, Saudi
Canadian dollar pares weekly gain on 'dire' COVID-19 predictions
  + stars: | 2020-11-20 | by ( Fergal Smith | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch (CANADA - Tags: BUSINESS)TORONTO (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Friday, giving back some of this week’s advance, as a gloomy projection for domestic COVID-19 cases overshadowed higher oil prices and a bigger-than-expected increase in retail sales. The Canadian dollar was trading 0.2% lower at 1.3091 to the greenback, or 76.39 U.S. cents, having traded in a range of 1.3039 to 1.3096. “Dire COVID headlines in Canada overwhelmed good news on September retail sales and stronger commodities prices,” said Michael Goshko, corporate risk manager at Western Union Business Solutions. Canadian retail sales grew by 1.1% in September on higher sales at general merchandise stores, Statistics Canada said.
Persons: Mark Blinch, , Michael Goshko, Goshko, Canada’s Organizations: REUTERS, U.S, Canadian, Western Union Business Solutions, Statistics, Moody’s Investors Service Locations: Toronto, TORONTO, Canada, Statistics Canada
PNC shares rose 4%, while BBVA shares soared nearly 19% in premarket trading. Uber shares rose 3% in premarket trading. Western Union (WU) – Western Union will suspend money transfers to Cuba, following a White House move to ban transfers that are sent through military-controlled companies like Western Union's main Cuban partner Fincimex. Western Union shares rose more than 1% in the premarket. Tapestry shares rose 6% in the premarket.
Persons: Casper Sleep, – Casper Sleep, Casper, , – Simon, Banks, Fred Done, William Hill, – Uber, WU, Fincimex, Kate Spade, – Evercore Organizations: Moderna, Palo Alto Networks, Palo Alto, Walmart, – Walmart, KKR, Simon Property Group, Centers, Simon Property, PNC Financial, PNC, U.S, BBVA, BB, Caesars Entertainment, Caesars, Telegraph, Technologies, Western Union, Qualcomm, Huawei, JPMorgan Chase, JPMorgan, Activision Locations: Palo, China, Alabama, British, Cuba
Western Union says suspending U.S. transfers to Cuba
  + stars: | 2020-11-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
HAVANA (Reuters) - Western Union said on Friday it was suspending U.S. money transfers to Cuba in 10 days due to the Trump administration’s latest sanction on the Communist-run island, in a blow to the many Cubans who rely on remittances from family abroad. FILE PHOTO: A man talks on the phone outside a Western Union office, in Havana, Cuba, October 28, 2020. REUTERS/Alexandre MeneghiniIts customers will now have to find new ways to send transfers against the backdrop of Cuba’s deepest economic crisis since the collapse of the Soviet Union, exacerbated by the coronavirus pandemic. “Today we informed our customers they have limited time to send money to their loved ones from the U.S. to Cuba,” Western Union said in a statement. Western Union said it had failed to find a solution in the one-month timeframe it was given.
Persons: Trump, Alexandre Meneghini, Joe Biden Organizations: Western Union, Communist, REUTERS, Western, U.S Locations: HAVANA, Western, Cuba, Havana, Soviet Union, United States, U.S, Cuban
U.S. dollar rises on coronavirus surge, U.S. stimulus worries
  + stars: | 2020-10-26 | by ( ) www.cnbc.com   time to read: +3 min
An index tracking the U.S. dollar against a basket of six major currencies was last up 0.2% at 93.024. The euro, which has the largest percentage share of the dollar index, fell 0.3% to $1.1820. It has slipped earlier by half a percent after the German Ifo business climate index fell for the first time in six months in October. The crown was down 0.2% at 9.2520 against the dollar, having seen nearly 1% drop earlier and stabilised against the euro at 10.9410. The British pound also fell 0.2% against the dollar to $1.3016.
Persons: Nancy Pelosi, Joe Manimbo, Stephen Gallo, Stephen Gallo Organizations: U.S ., United, Western Union Business Solutions, Washington . Media, Oxford, AstraZeneca, Futures Trading, U.S, U.S . Treasury, BMO Capital Markets, Australian, BMO Capital Markets Locations: Hong Kong, Europe, United States, France, Spain, Italy, Washington, France, October
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