Search Results for: economy
Asia shares rally as US job report seen dimming chance of Sept hike
September 5th, 2016
Asian shares rose on Monday after a weaker-than-expected U.S. jobs report prompted investors to trim expectations that the Federal Reserve would hike interest rates as early as this month. MSCI’s broadest index of Asia-Pacific shares outside Japan extended early ...
Hanjin Shipping bankruptcy causes turmoil in global sea freight
September 2nd, 2016
The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tonnes of goods being carried by the South Korean company will ...
European Stock Futures Rise Amid Payrolls Countdown as Oil Gains
September 2nd, 2016
Asian stocks little changed, as are U.S. equity futures Crude set for worst week in eight months on glut concern European stock index futures advanced and commodities gained ahead of key American jobs data that’s seen shaping expectations for ...
Cashless payments get easier in the UAE
September 1st, 2016
Making payments through mobile phones is not a dream anymore, as sixteen banks have become equity partners in an entity which will own and operate mWallet platform. The mWallet or mobile wallet platform is the financial component of the UAE Government’s Smart ...
Investors miss out on $500 billion as global bond yields plunge, Fitch Rating says
September 1st, 2016
Investors have seen their interest income squeezed as global bond yields plunge. On the flipside, governments aren’t complaining. Relative to yields in 2011, global investors are foregoing more than $500 billion in annual income on roughly $38 trillion in ...
FX Focus: Pound gains as it threatens to break €1.18 for first time in three weeks
August 31st, 2016
The pound edged higher against both the euro and the dollar on Wednesday (31 August), coming close to breaking the €1.18 barrier for the first time in three weeks. By mid-afternoon, sterling was trading up 0.08% against the dollar ...
Dollar/yen hits one-month high as investors reassess stance, reverse bets
August 31st, 2016
The dollar hit a one-month high against the yen on Wednesday as investors reversed bets made against the greenback on speculation that the U.S. Federal Reserve would not hike interest rates anytime soon. The U.S. currency has gained almost ...
Guernsey Proposes New Fintech Regulation
August 31st, 2016
Guernsey has proposed new rules and guidance relating to consumer credit and innovative financial service businesses, including those in the “Fintech” space. The revisions to the island’s financial regulatory framework are intended to promote growth, while protecting the interests ...
ASIC’s Corporate Plan 2016–17 to 2019–20 and Focus for 2016–17
August 31st, 2016
ASIC today published its Corporate Plan for 2016–17. The Corporate Plan outlines ASIC’s vision: To allow markets to fund the economy, and in turn, economic growth. In doing so, contributing to the financial well-being of all Australians. We do ...
Japan retail sales show improvement in July
August 30th, 2016
Japanese retail sales fell by the smallest margin in five months in July, a possible indication that consumers may becoming less cautious about spending despite slow wage growth and uncertainty over the global economy. Retail sales edged down 0.2% ...
