Author Archives
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Following Rise In Bond Yields, ECB To Develop A New Instrument To Manage Fragmentation Risk
The European Central Bank revealed Wednesday that it intends to develop a new instrument to combat the possibility of eurozone fragmentation, in an effort to allay fears of a new debt crisis. The decision follows the central bank’s surprise emergency… Read More ›
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Amazon Proposes To Exchange Data To Help Competition To Avert EU Antitrust Sanctions
Amazon has offered to share marketplace data with sellers and increase the visibility of rival products on its platform in an attempt to persuade EU antitrust investigators to finish their investigations without a fine before the end of the year,… Read More ›
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J.P. Morgan Forecast That Apple Music And Gaming Will Generate More Than $8 Billion In Sales By 2025
Apple Inc’s revenue from gaming and music offers is likely to rise 36% to $8.2 billion by 2025, according to J.P.Morgan, as the iPhone manufacturer leverages its massive user base to power its subscription services. According to JPM analysts lead… Read More ›
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Strike By South Korean Truck Drivers Impacts Automotive And Steel Industries
Major South Korean companies say they are suffering as a strike by thousands of truck drivers across the country enters its seventh day. Among the companies impacted by the strike are Hyundai and POSCO, both of which manufacture steel. As… Read More ›
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Data From Trade Sources Show Russia Is Now Second Largest Oil Importing Source For India
Russia surpassed Saudi Arabia in becoming India’s second largest oil supplier in May, although it remains second only to Iraq, according to trade sources. According to the data, Indian refiners received about 819,000 barrels per day (bpd) of Russian oil… Read More ›
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European Central Bank Is Likely To Announce A Rate Hike In July As Inflation Hits A New High
The European Central Bank is anticipated to reaffirm its decision to hike interest rates next month, as policymakers gather in Amsterdam for their first meeting outside of Frankfurt since the coronavirus outbreak began. While inflation in the 19-member eurozone reached… Read More ›
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Cryptocurrency Poses A Risk To The Security Of Global Payment Networks, Claims Fintech Chief
The CEO of Goldman Sachs-backed digital bank Starling has stepped up his condemnation of cryptocurrency, calling it a threat to the security of payment systems. “It is very dangerous,” Anne Boden, who founded Starling in 2014, warned Tuesday at the… Read More ›
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Target Expects Profitability To Be Pinched By An Aggressive Drive To Get Rid Of Undesirable Inventory
US retailer Target told investors on Tuesday that its profitability will suffer in the short term as it discounts undesired items, cancels orders, and takes aggressive measures to get rid of excess inventory. The company reduced its profit margin forecast for… Read More ›
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Kohl’s Has Entered Into Exclusive Sales Negotiations With Franchise Group
Retailer Kohl’s has revealed that it has entered into exclusive talks with retail holding group Franchise Group, which wants to buy the retailer for $60 per share. Kohl’s would be valued at around $8 billion at such a price. Kohl’s… Read More ›
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In A Blow To Apple, EU Has Agreed To A Single Mobile Charging Connector
After EU governments and politicians agreed on Tuesday to a single mobile charging port for mobile phones, tablets, and cameras, Apple will be required to replace the connector on iPhones sold in Europe by 2024. After corporations failed to reach… Read More ›
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