Search Results for: First Data
BofAML upgrade forecasts for British Pound v Euro and Dollar
May 3rd, 2017
Bank of America Merrill Lynch (BofAML) have told clients they are now confident enough on Pound Sterling to raise their forecast profile. Analysts had been expecting one final dip in the UK currency ahead of a more sustained recovery, ...
Germany’s booming economy shifts into overdrive
May 3rd, 2017
Europe’s largest economy, Germany, is seeing trade surge with a sharp increase in demand for goods ‘Made in Germany’ around the world. The rise comes despite protectionist rhetoric from Washington. In the first two months of 2017, overall German ...
Multinational law firm enters the China market
May 3rd, 2017
International legal practice Osborne Clarke enters the Mainland China market after admitting new Shanghai-based firm, Zhang Yu & Partners, to its international network. Entering Mainland China is a key part of Osborne Clarke’s Asian expansion plans, which have also ...
Aussie Stocks Drop, Taiwan Bucks Poor Apple Result: Markets Wrap
May 3rd, 2017
Japan and Hong Kong among Asian markets shut on Wednesday Kiwi dollar climbs as jobless rate in New Zealand declines Australian stocks dropped, while a poor Apple Inc. earnings report proved no bar to gains in Taiwan’s electronics-rich stock ...
The Bank of Russia decided to reduce the key rate to 9.25% p.a.
May 2nd, 2017
On 28 April 2017, the Bank of Russia Board of Directors decided to reduce the key rate to 9.25% per annum. The Board notes that inflation is moving towards the target, inflation expectations are still declining and economic activity is recovering. At the same time, inflation risks ...
Oil posted losses for two weeks in a row
May 2nd, 2017
U.S. crude futures have posted losses for two weeks in a row and are poised to sink again, according to a historical correlation between oil prices and GDP data. The Commerce Department reported Friday that the U.S. economy grew ...
Dollar hits one-month high vs yen
May 2nd, 2017
The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after U.S. Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance. The greenback last traded at 111.900 yen ...
VC investments in financial services startup shifts in Europe
April 28th, 2017
Venture capital investments in financial services startups are showing a geographical split, with funding for so-called “fintech” companies in the United States cooling but soaring in Europe, according to a new report out Wednesday. Years of hype that led ...
Global stocks are near a record high
April 28th, 2017
MSCI Asia Pacific Index set for fourth straight monthly gain Investors assess global earnings before U.S. GDP report Asian equities retreated, trimming a fourth straight monthly gain for the regional benchmark index, as geopolitical concerns intensified and investors assessed ...
Spotify acquires Mediachain to solve music’s attribution problem
April 27th, 2017
Spotify has acquired the Brooklyn-based blockchain startup Mediachain Labs, whose team will join the company’s office in New York where they will work on developing better technology for connecting artists and other rights holders with the tracks hosted on Spotify’s service. ...
