A recession is certain, and so are interest rate cuts this year. That’s the message from bond market metric Federal Reserve Chairman Jerome Powell featured a year ago as the best guide to tip-off financial problems in the United States. The expected three-month T-bill rate in 18 months fell to 134 basis points below the …
Trina Das has always been passionate about helping those in need. During her college years as an engineering student, she was inspired by her socially conscious father to teach poor students in Haldia, West Bengal. Starting with just 16 students who paid her Rs 400 each for weekend math and science classes, Trina’s small part-time …
The Weekend Leader – Trina Das | Founder, Gigchain Read More »
For many newly retired people, dreams of an idyllic retirement have quickly been replaced by the harsh reality of pennies and sleepless nights worrying about dwindling pension balances. Last year, the highest inflation in a generation followed by aggressive rate hikes by the Federal Reserve to curb it sent both stock and bond markets plunging, …
New retiree futures hurt by inflation, interest rate hikes. Can they recover? Read More »
Image credit: Know In emerging markets such as Africa, offline retail dominates most product sales, driven by informal trade and cash-based transactions. This makes sourcing data on the true market value or sizes of products a huge task. Still, local and international brands require data, for example, on market size and value, consumer profiles and …
Rwazi to scale its market intelligence platform backed by $4 million in seed funding Read More »
Russia has become the largest foreign investor in Iran over the past year, according to Iranian officials, as the two heavily sanctioned nations stepped up cooperation since Russian forces invaded Ukraine. Ehsan Khandouzi, Iran’s finance minister, said Russia had invested $2.76 billion in the country during the current fiscal year that ended this week, citing …
Iran’s finance minister trumpets increase in investment from Russia Read More »
Police say the Brooklyn Center Walmart off Shingle Creek Crossing has seen thousands of police responses in the past five years. The big box store announced it plans to close its doors on April 21. RELATED: Brooklyn Center Walmart to close permanently on April 21 In a statement to 5 EYEWITNESS NEWS, the company said …
Key highlights The Startup and Innovator visas will be merged to become the Founder Innovator route The new visa route will also remove the requirement that founders have £50,000 ready to invest in their startup. The new visa route will also ensure that approval bodies provide a simpler and more ethical process The UK is …
The UK is set to launch a new visa route for international entrepreneurs Read More »
By Jack Rogers 22 March 2023 at 08:43 PIMCO. BlackRock and Invesco had exposure to AT1 bonds, all written off in connection with the UBS takeover. Several major CRE asset managers were among the biggest holders of Credit Suisse bonds written off as part of the Swiss bank’s takeover of UBS Group this week. Due …
CRE Asset Managers Take Hits on Credit Suisse Bond Wipeout Read More »
LONDON (Reuters) – HSBC has appointed Patrick George as head of markets and securities services, according to a memo seen by Reuters on Thursday, amid a wider reshuffle of the leadership of its investment bank aimed at streamlining decision-making. George takes on the key role of overseeing HSBC’s trading activities, and one that had not …
HSBC appoints new head of markets amid major investment banking reshuffle Read More »
When Jay Powell fielded questions from reporters Wednesday after the Fed’s decision to plow ahead with another rate hike, he joked that it had been “a pretty interesting seven weeks.” The Fed chair spoke after the bank raised interest rates by a quarter of a point, signaling it could be close to ending its campaign …
‘Close to thin ice’: looming credit crisis puts pressure on the Fed Read More »
