CEE fintechs step up as consumers dump cash
Fintechs in emerging Europe have seen a surge in demand for their services since the start of the Covid-19 crisis as consumers move away from cash and businesses look for new sources of credit. Three leading firms in the region...
The pitfalls of India’s JAM
Picture this: you are the leader of a developing country. Out of 1.4 billion people, nearly 70% live in rural areas, over 20% are illiterate and 22% live below the poverty line of $1.90 a day, according to the World...
BOE’s QE Expansion Exceeds Expectations as Economy Heads for Double Dip
While leaving the Bank rate unchanged at 0.1%, BOE raised the size of asset purchases (QE) by +135B pound to 875 pound. Both decisions were made unanimously. The expansion came in larger than we had anticipated. The staff also revised...
A Biden presidency could ‘soothe the markets’ nerves,’ says Asian bank CEO
SINGAPORE — A Biden administration will likely maintain a tough stance on China, but the U.S. rhetoric could soften — and that may help soothe market jitters, chief executive of a major Asian bank said on Thursday. The race to...
U.S. needs a ‘really, really big’ relief package to keep its economy afloat, says Paul Krugman
Nobel Prize-winning economist Paul Krugman. Panayiotis Tzamaros | ullstein bild via Getty Images The U.S. may need several hundred billion dollars a month in “disaster relief” to keep the economy afloat as a raging coronavirus outbreak continues to suppress prospects...
Stocks Surge on US Elections, Dollar and Yen Weak But No Follow Through Selling Yet
Movements in the forex markets in reaction to the US elections were relatively indecisive, comparing to the strong risk-on moves in the stocks. There is no clear follow through selling in Dollar and Yen so far, while commodity currencies are...
Gold Price Approaching Next Crucial Break
Key Highlights Gold price is recovering higher, but it is facing a strong resistance near $1,910. A significant bearish trend line is forming with resistance near $1,915 on the 4-hours chart of XAU/USD. EUR/USD recovered above 1.1700, but GBP/USD failed...
Laid off again? Here’s what you need to know about collecting unemployment benefits
JEFF KOWALSKY | AFP | Getty Images Many workers may be at risk of losing their jobs again as some areas are imposing or considering new shutdown orders to curb a surge in coronavirus cases. A judge in El Paso...
What We Know About the US Election So Far
Votes continue to be counted in the US and the outcome hangs on a knife’s edge. It is so close that the next President will be decided by Michigan and Pennsylvania, where Donald Trump is currently leading, though that could...
NZ Dollar Hits 6-Week High, Then Retreats
The New Zealand dollar is showing strong volatility in the Wednesday session. Early in North American trade, the pair is trading at 0.6669, down 0.40% on the day. On Tuesday, NZD/USD recorded sharp gains, climbing 0.95%. The volatility has continued...
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