Financial Services
Taiwan warns it will treat “improper” yuan derivative sales as fraud
TAIPEI, May 2 (Reuters) – Taiwan’s financial regulator has warned banks it will treat improper derivative contracts as fraud as it scrutinises the rapid growth of structured derivative products tied…
UPDATE 2-Western Union confident it can fend off competition from Wal-Mart
* Company counting on large U.S. branch network, online business
Western Union profit falls 4 pct as costs rise
May 1 (Reuters) – Western Union Co, the world’s largest money-transfer company, reported a 4 percent fall in first-quarter profit, hurt by a rise in costs.
