Reduced vigil and lowering of standards of credit card businesses by banks, have contributed to mounting losses. On Tuesday, at an industry conference, the head of JPMorgan Chase & Co’s consumer business disclosed that losses in the bank’s credit card… Read More ›
Societe Generale suggested that despite announcing at its most recent policy meeting that the region’s growth prospects now look “broadly balanced”, the European Central Bank could be expected to continue its bond-buying program known as quantitative easing (QE) into 2019. SocGen said in… Read More ›
By routing these ‘financial reforms’ through regulatory agencies rather than the U.S. Congress, the Trump Administration is loosening the regulatory scrutiny that was placed on big banks following the 2007-2009 financial crisis. With the U.S. Treasury Department unveiling sweeping reforms… Read More ›
An industry embroiled in a deflation-fueled price war saw competitive pressure added to it as a decades-long supermarket battle in Europe is now set to move to the U.S. Aldi said on Monday that in order to open 900 supermarkets over… Read More ›
Wal-Mart will increasingly face the heat from its German rivals, Aldi and Lidl. On Sunday, in a move that will most likely raise the stakes for its U.S. rivals in a price war, German grocery chain Aldi disclosed it would… Read More ›
A set of tools that developers can use to incorporate machine learning techniques into their apps – Core ML, was very recently introduced by Apple Inc. Amid all of the new hardware and iOS updates the news was little noticed…. Read More ›
Speculation that the row between Qatar and its Mideast neighbors will spill more broadly into the global gas market were raised as two Qatari LNG shipments, believed to be U.K.-bound, abruptly changed direction in the Gulf of Aden Thursday. And… Read More ›
Investors are still eyeing the city-state of Singapore as Singapore’s malls have felt the pinch similar to the other bricks-and-mortar retailers globally who have taken a hit from e-commerce. But that doesn’t mean investors are entirely gung-ho. But expecting the… Read More ›
The rule had come under attack from corporate trade groups and in contrast was championed by unions. On Thursday, in a major step, the U.S. Labour Department has rescinded a rule that require corporate employers and their lawyers to provide… Read More ›
Much like the June 23 referendum, the British elections could yield some rather unexpected results. With the British elections appearing not to provide a single party a clear majority, investors who had already weathered major risks in Europe and in… Read More ›
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