‘The genie is out of the bottle and AI is going to create a skills gap’: Workday CEO
If you think technology has rapidly changed the workplace, you haven’t seen anything yet, according to data analytics expert Aneel Bhusri, Workday co-founder and CEO. The advent of artificial intelligence and machine learning is creating a paradigm shift that will...
Commerce Secretary Wilbur Ross: The US is still ‘miles and miles’ from a China trade deal
Commerce Secretary Wilbur Ross said Thursday the U.S. is still “miles and miles” from a trade deal with China. “Frankly, that shouldn’t be too surprising,” Ross said in a “Squawk Box” interview. The U.S. and China have “lots and lots...
AUD/USD Outlook: Fresh Bears Eye 0.7033 Fibo Support
The Aussie fell sharply in Asia on Thursday following short-lived advance to 0.7166 on better than expected Australian jobs data, coming under increased pressure after NAB raised domestic mortgage rates. Fresh bearish acceleration broke below 20SMA (0.7125) that contained the...
Euro’s Recovery Might be Cut Short by Weak PMIs and Cautious ECB
European majors are trading generally higher today as Eurozone will take the center of stage. There are worries of deeper and longer than expected slowdown in the Eurozone economy. PMIs from Germany, France and Eurozone will provide some hints on...
Banks need to challenge fintechs by playing the same game
For many large banks, the greatest challenge they face is how to unshackle themselves from their legacy infrastructure and move forward using new, customer-centric technology. In a new report titled ‘Time to start again’, consultants Oliver Wyman explain that the...
Australian Employment Had a Solid End to 2018
December Labour Force Survey. Employment 21.6k, unemployment 5.0%, participation 65.6%. Total employment printed a solid 21.6k gain in December which was in line with market expectations for +20k. This has locked in a solid trend pace of growth with a...
Chinese tourists are spending less on shopping, survey finds
Chinese tourists are starting to spend more on experiences rather than on things. As luxury brands and retailers globally gear up for millions of tourists during China’s upcoming Lunar New Year holiday, a survey released Thursday indicated that consumers in...
European Central Bank To Keep Policy Unchanged As Uncertainty Rises
The US dollar is weaker against major pairs on Wednesday. The prolonged government shutdown and lack of clarity on trade talks put downward pressure on the greenback while investors sought higher yields as risk appetite was back in action. The...
Recession fears are spreading, but Goldman Sachs says don’t worry
As a growing number of big-money folks around Wall Street are worried about a looming recession, Goldman Sachs’ economists aren’t very concerned at all. While it may be a case of famous last words, the bank’s experts in fact say...
Citi issues its first green bond
Citi issued its first green bond on Tuesday – a €1 billion three-year fixed-rate note. The bond was larger than anticipated, and oversubscribed, pricing at mid-swaps +58 basis points – in from the initial +75bp area. The bond will fund...
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