Research by think tank the Centre for London concludes that the looming EU exit could be a factor in reducing numbers of Europeans coming to the capital to work, a slowdown in job creation, declining business confidence and decelerating house price growth. The report underlined an economic slowdown included deteriorating house prices and plummeting business confidence, coinciding with a drop in the numbers of Europeans registering to work.
Price predictions in the Bitcoin world are always rather interesting. Especially considering how the price turned very bearish over the weekend. Cybersecurity guru John McAfee feels one Bitcoin can become worth as much as half a million Dollars in three years. However, he is quite confident his prediction will come true. He has avidly followed the recent price momentum and shared his opinions on the price dip. In fact, he was one of the first to acknowledge this was a mere technical correction. And McAfee is very sure that tweeted to one of his followers today that if his predictions fail to materialize, he will dine on his own penis in front of everyone. McAfee made the comment after saying bitcoin will move above $500,000 within three years.
- The economy continues to decelerate gradually to a more sustained speed of around 5% in the medium term. It is expected to slow in Q2 17, but also to transform itself toward more consumption and services - Beyond the growth objectives, the authorities are looking to curb financial excesses and to diversify in and outflows channels. State Owned Enterprises (SOE) restructuring remains the weak link of the current reforms
Credit Suisse signalled the era of cost-cutting and job cuts may be soon be over, telling employees that the bank will emphasise businesses that generate higher returns in its next strategic plan. Credit Suisse aims to achieve its current capital, cost and pre-tax income targets by 2018 but Chief Executive Tidjane Thiam told staff preparation will start in July on its 2018-2020 plan.
The Federal Reserve on Monday slapped BNP Paribas S.A. and some of its U.S. subsidiaries with a $246 million fine for what it said were the firm’s unsafe and unsound practices in foreign exchange markets. The Board levied the fine after finding deficiencies in BNP Paribas's oversight of, and internal controls over, FX traders who buy and sell U.S. dollars and foreign currencies for the firm's own accounts and for customers.
On Monday, representatives for Switzerland and Singapore signed a bilateral deal to exchange data from 2019, pending approval from Swiss parliament for the deal. The two offshore centers, which have maintained extremely close ties in recent years, also signed a pact to cooperate even more closely on financial services. Under the agreement, Switzerland will automatically exchange with the Singapore financial account information of accounts in Switzerland held by Singapore tax residents while Singapore will automatically exchange with Switzerland financial account information of accounts in Singapore held by Swiss tax residents. The agreement would apply from January 1, 2018, with the first exchange of data in 2019.
Should the Fed continue with two more interest rate hikes in 2017, many commentators are of the opinion that the US will have a recession in 2018. The Fed`s intention to trim its balance sheet, if put into practice, will mean turmoil in the bond market as the Treasury will have to issue more bonds to cover the deficit of $670B with the national debt currently at $19.96T. The Fed will probably end up having to buy some of the new debt, thereby foiling its efforts at rebalancing its balance. October is at present the most likely month for a stock market correction or crash according to some observers.
Visa has declared war on cash and its "opening salvo" is to start paying restaurants $10,000 to go completely cash free. The credit card giant is this week announcing a new plan to hand out thousands of dollars to up to 50 small food and restaurant vendors if they agree to stop taking cash. If a restaurant opts in, it'll get a $10,000 gift from Visa, which can be used to pay for technology upgrades and marketing. Those tech upgrades could mean installing platforms that that accept payments from phones, smart watches or other devices. In return, Visa wants the merchant to agree to stop accepting cash, the company said
Only half of restaurant tippers fall within the gratuity sweet spot of 16 to 20 percent, according to a new report by CreditCards.com. The study, a survey conducted last month, examined tipping behavior at restaurants, hotels, coffee shops and hair salons. It sampled 1,002 adults who used cash, credit or debit cards. It found that the most generous tippers in the U.S. are Republican men who live in the Northeast and use a credit or debit card. They generally tip at a median of 20 percent when dining at a sit-down restaurant.
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
The climate transition creates opportunities and risks, and financial institutions and corporations
Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This
Updates and news from MarketPlus