Search Results for: World Bank
Asian shares rise to two-month highs, dollar gains on U.S. data
October 16th, 2015
Asian shares hit a two-month high on Friday, catching some of Wall Street’s shine after upbeat U.S. price and jobless claims data calmed some concerns about the strength of the U.S. economy. MSCI’s broadest index of Asia-Pacific shares outside ...
Swatch presented pay-by-wrist watch
October 15th, 2015
Swatch has joined forces with China UnionPay and Bank of Communications to introduce contactless payment “by-the-wrist” to China SWATCH BELLAMY: THE NEW PAY-BY-THE-WRIST SWATCH WATCH Pioneering Swiss watchmaker Swatch presented SWATCH BELLAMY, the new “pay-by-the-wrist” watch, at the landmark ...
The Numbers Say That A Major Global Recession Has Already Begun
October 14th, 2015
The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP ...
BofA Profit Rebounds to $4.51 Billion as Revenue Beats Estimates
October 14th, 2015
Revenue declines 2.4 percent while expenses fall 31 percent Bond-trading revenue slides 11 percent, equities up 12 percent Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and loan growth ...
Biometrics payment startup Zwipe raises $5m to accelerate global growth
October 14th, 2015
Biometrics pioneer zwipe raises $5m from high-tech innovation group kuang-chi to accelerate global growth Zwipe, which launched the world’s first fingerprint authenticated payment card on 17 October last year, today announced that it has raised $5 million in equity ...
Asian shares extend losses after China prices cool
October 14th, 2015
Asian shares tottered on Wednesday, extending losses after consumer inflation in China eased more than expected and heightened concerns about deflationary pressures in the world’s second-largest economy. China’s consumer price index (CPI) rose 1.6 percent in September from a ...
The Eurozone Crisis: Crystalizing the Narrative
October 13th, 2015
The economy of the eurozone makes the US economy look like a picture of robust health by comparison. Richard Baldwin and Francesco Giavazzi have edited The Eurozone CrisisA Consensus View of the Causesand a Few Possible Solutions, a VoxEU.org book ...
China imports slump 20% amid falling commodity prices and weak demand
October 13th, 2015
Imports were down for the 11th month in a row, according to official figures, but there are signs that demand for the country’s exports is picking up China’s imports fell heavily in September, official figures said, keeping pressure on ...
What will Happen to Bitcoin when the Economy goes Bust?
October 12th, 2015
Many people interested in Bitcoin have a less than optimistic view about the health of the global economy. This skepticism — in some cases pessimism — is fueled by a controversial business cycle theory that is fairly popular in ...
ETFs are the next frontier for liquid alternatives
October 12th, 2015
Mutual funds have been the go-to wrapper for alternative strategies, but that’s changing To investors, State Street Global Advisors might be best known as the firm behind the plainest of plain-vanilla investment products: the SPDR S&P 500 ETF (SPY). The exchange-traded ...
