|Day's range||6.70 - 6.70|
Mnuchin says Treasury, and not just the senators who sent letters, also warned Libra Association members about their involvement.
Facebook’s plans for a digital currency are coming under further pressure as global regulators step up their scrutiny of the struggling Libra project. In a letter to G20 finance ministers on Sunday, Randal Quarles, the head of the global Financial Stability Board, said that, with a “host of challenges” posed by global “stablecoins”, such as Libra, “possible regulatory gaps should be assessed and addressed as a matter of priority”. This, the letter said, created challenges including financial stability, consumer and investor protection, data privacy, money laundering, terrorist financing, fair competition, cyber security and tax evasion.
Let's take a look at what investors need to know about Facebook and some of its Q3 estimates to help us determine if FB stock might be worth buying before the social media company reports its Q3 2019 earnings results...
Five companies, led by Mastercard, Visa and eBay, pulled out of Facebook’s planned digital currency Libra on Friday, following sustained political pressure and just days before the project’s backers are due to meet for their first board meeting.
Paypal (PYPL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PayPal (PYPL) has decided to drop out of Facebook’s (FB) Libra Association, the group set to run the Libra cryptocurrency network.
On September 26, PayPal Holdings (PYPL) filed an 8-K form with the SEC, detailing the issue of four series of long-term notes totaling $5 billion.
PayPal announced its withdrawal from the 28-member team of Facebook's Libra Project. Libra has received criticism from the public and private sectors.
PayPal has pulled out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an alternative payments system. The digital payments company said Friday it is withdrawing from the Libra Association so it can focus on its existing businesses. "Facebook has been a longstanding and valued strategic partner to PayPal, and we will continue to partner with and support Facebook in various capacities," PayPal said.
U.S. payments processor PayPal Holdings Inc said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses. "We remain supportive of Libra's aspirations and look forward to continued dialogue on ways to work together in the future," PayPal said in a statement.
Online money-transfer group Paypal is on the verge of quitting Facebook's planned digital currency Libra after failing to attend a key meeting of backers, the Financial Times reported Friday. Citing people ...
PayPal is pulling out of the Facebook-led Libra project, in a major blow to the social media platform’s plans to launch a global digital currency. The decision raises questions about the future of the project, which is being steered by David Marcus, a Facebook executive who was previously PayPal’s president, and which has raised concerns among regulators.
PayPal is on the verge of quitting Facebook’s Libra project after having pulled out of a key meeting in Washington on Thursday. All 28 backers of Facebook’s plan for a new global digital currency were due to gather to discuss how Libra would tackle increasing opposition from regulators, but people familiar with the event said PayPal had not been present — the only one not to show. A decision by the payments group to quit Libra would be a big blow for the project, which is being steered by David Marcus, a Facebook executive who was previously PayPal’s president.
US-based PayPal announced on Monday that it plans to acquire a majority stake in Chinese company GoPay. On October 1, PayPal stock opened at $104.03.
Western Union (WU) expands its real-time payment service to accelerate international consumer, consumer-to-business and business-to-consumer payments to eligible accounts, cards and digital wallets.
In case you missed it, together with the Asia Society’s Center on US-China Relations, we will be holding two events in the US, in New York on October 16 and San Francisco on October 17: The Great Decoupling and the Sino-US Race for Technological Supremacy. We have secured a few more free seats for Tech Scroll Asia readers for the New York one, so please reply to email@example.com if you wish to attend. The San Francisco event, in partnership with UC Berkeley, still has a few spots left so please register here.
It is EY’s turn in the Thomas Cook spotlight. EY is an obvious candidate for review. The firm signed off Thomas Cook’s 2018 annual report as a going concern in October, indicating they thought Thomas Cook could survive another year.