The Digital Dollar Project today issued the below statements regarding The Federal Reserve Board?s discussion paper titled Money and Payments: The U.S. Dollar in the Age of Digital Transformation, released on January 20, 2022. ?The Digital Dollar Project commends the Federal Reserve?s CBDC policy paper.
GVE Ltd. on 19th January 2022, resolved at a board of directors meeting to receive funds through a Series D financing. GVE is a DX platform company with global ambitions, founded to develop and operate a digital fiat currency platform, or Central Bank Digital Currency.
CTBC Bank USA announced today that its President & CEO Noor Menai has been appointed one of the new members of the Federal Reserve Bank of San Francisco?s Community Depository Institutions Advisory Council. This press release features multimedia.
MADRID---- Mastercard (MA) announced today the establishment of a new Tourism Innovation Hub in Spain, with the support of the Spanish Government. This press release features multimedia. In 2019, travel and tourism represented 10.4% of global GDP but nearly halved to 5.5% in 2020 - similarly international visitors spent US$1,691.5 billion in 2019 and the amount dropped to US$517.6 billion in 20201.
KBRA releases a brief slide presentation summarizing our recent conversations with market participants regarding the transition from the London Interbank Offered Rate to the Secured Overnight Finance Rate.
India Globalization Capital, Inc. (IGC) is excited to announce that the Board has appointed former Congressman Jim Moran as an independent Director. Congressman Moran served Virginia?s 8th Congressional District for 24 years, where he was known as a ?Problem Solver.
Visa today announced that the U.S. Spending Momentum Index was 108.4 in December, its strongest reading for the month since the start of the index. The Visa SMI is an economic indicator of the health of consumer spending. By category, the SMI for discretionary purchases fell 4.9 points from the previous month to 103.
KBRA releases research that discusses the private label commercial mortgage-backed securities market?s continued reliance on the London Interbank Offered Rate in 2021, despite the looming cessation of the index.
TA Associates, a leading global growth private equity firm, today announced promotions earned by investment staff members in TA?s Boston, Menlo Park, London, Mumbai and Hong Kong offices, effective January 1, 2022.
In November, home prices across the United States rose at a slower pace than the month prior but continued to appreciate at higher than 2021 average monthly rates. This press release features multimedia. The Radian HPI also rose +13.4 percent year-over-year.
First Interstate BancSystem, Inc. (FIBK), parent company of First Interstate Bank, and Great Western Bancorp, Inc. (GWB), parent company of Great Western Bank, today jointly announced that they have received the required regulatory clearances from the Board of Governors of the Federal Reserve System and the Montana Division of Banking and Financial Institutions related to the proposed merger of FIBK and GWB...
Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that it has transitioned all open interest held in its LIBOR-based Three Month Sterling futures and options and Three Month Euro Swiss Franc futures into their risk free rate equivalent contracts, Three Month SONIA Index futures and options and Three Month SARON Index futures.
Supply chain challenges will continue to disrupt key industries; inflation to diminish starting in the second half of the year Multiple transitions will impact the global economy next year: COVID-19 moving from pandemic to endemic, fiscal policy stimulus to restraint and an energy transition from hydrocarbons to renewables.
The fund will lower its management fee and begin tracking a new Bloomberg inflation-tied index to better reflect the market environment and evolving inflationary landscape IndexIQ today announced that effective February 28, 2022, the IQ Real Return ETF (CPI) will begin tracking the Bloomberg IQ Multi-Asset Inflation Index in a new relationship with Bloomberg Index Services Limited.
New Skyflow Data Privacy Vault Built on Servers in India Helps Software Developers Quickly Handle Strict Requirements of Personal Data Protection Bill Skyflow today announced the launch of its Data Privacy Vault in India. Data localization has become a legislative priority for the Indian government.
A $100,000 national contest program asks students to confront America's multi-trillion deficit before it craters the nation's future Warning that the devastating impact of a multi-trillion dollar debt increase now being created by the Biden budget will fall squarely on the shoulders of a generation of Americans blithely unaware of the fate that awaits them, philanthropist, national real estate ...
Visa today announced that the U.S. Spending Momentum Index was 111.9 in November, up 1.3 points from October, marking the second consecutive month of acceleration in consumer spending momentum. The Visa SMI is an economic indicator of the health of consumer spending.
Team expects above-trend economic growth, declining inflation after early-year peak, and moderate investment returns with non-U.S. equities finally outperforming U.S. stocks Russell Investments? strategists forecast 2022 as a year of moderation for economic growth, inflation and investment returns, and they believe the global economy is poised for another year of growth.
The Center for China and Globalization and Xinhuanet, China?s leading online news portal, recently released a joint report evaluating the global communications impact of Chinese cities, analyzing the problems with their communication strategies, and offering suggestions on improving their ability to ?go global?. This press release features multimedia.
In Celebration of GivingTuesday, Firm Also Provides $50,000 Community Grant to the NYC Partnership Foundation to Stimulate New Business Creation and Resiliency KKR today announced the recipients of the latest rounds of KKR Relief Effort grants awarded through two of the initiative?s cornerstone programs: KKR Small Business Builders and KKR Grants.
Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited, the authorized and regulated administrator of LIBOR?, has provided an update regarding LIBOR cessation and ?synthetic? LIBOR following previous announcements from the UK Financial Conduct Authority.
In a repeat of the 2020 experience, after a very strong third quarter, home prices across the United States continued to climb in October albeit at a slower pace than in September. This press release features multimedia. While the one-month trend was slightly lower, in the twelve months since November 2020, the Radian HPI increased nationally by 12.9 percent.
Profitability improved to a loss of AR$60 M in 3Q21 from a loss of AR$348 M in 2Q21 reflecting lower LLPs and operating expenses, although Central Bank regulations and soft loan demand continue to weigh on NIM.
As the London Interbank Offered Rate is phased out as a benchmark for short-term interest rates, insurers are weighing their options and cautiously entering instruments and hedges based on the Secured Overnight Financing Rate, due to the unknowns and limited liquidity, according to an AM Best report.
New Economist Impact research study shows changing mindset of traditional banks to partner with fintechs; 76 percent of industry leaders see partnerships as the future for small business lending Q2 Holdings, Inc. (QTWO), a leading provider of digital transformation solutions for banking, today released a global research study conducted by Economist Impact in collaboration with Salesforce.
Survey results from 1,750 shoppers show consumers are adjusting spending habits in anticipation of supply chain delays, taking more of an interest in eco-conscious brands, and plan to spend more this Black Friday than last year Maker/Sights, a retail technology company that empowers retail brands to deliver consumer-driven assortments to market, releases its Customer Sentiment Report on Holiday...
Today, Federal Reserve Financial Services introduced its new FedDetectSM Duplicate Treasury Check Notifier Service. This new service will offer banks of first deposit early notice of potential duplicate U.S. Treasury checks processed by the Federal Reserve Banks on the current day or the previous 60 days.
o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, has been recognized by the World Economic Forum?s 2021 New Champions Awards for ?Excellence in Innovation.
Survey demonstrates critical need for retailers to develop strong, data-driven pricing strategies this holiday season Bright Data, the global industry leader in making public web data accessible to all, has today released new research that reveals consumer sentiments around the 2021 holiday shopping season, including Black Friday and Cyber Monday.
Kroll Bond Rating Agency releases a new CMBS default and loss study that examines default volatility and loss stability. CMBS defaults have historically followed the unemployment rate. The study also examined default rates by its property, loan, and financial characteristics. Click here to view the report.
AgroAmerica received the New Champions Award 2021 ? in the category of Excellence in Social Responsibility for the Human Development Center -HDC- project, which consists of a medical clinic, research facility, and a school for worker's children, promoting health, education, and development in the Southwestern region of Guatemala. This press release features multimedia.
?. Visa today announced that the U.S. Spending Momentum Index was 110.6 in October, up 2.1 points from September. The Visa SMI is an economic indicator of the health of consumer spending.
CAARY Capital today announced the appointment of Sabrina Pilbauer to Chief Financial Officer, effective December 1, 2021. This press release features multimedia.
CEMEX, S.A.B. de C.V (CX). announced today that it is a founding member of the First Movers Coalition, a new initiative launched at COP26 that unites more than two dozen of the world?s leading companies to accelerate innovation and the development of early-stage decarbonization technologies by leveraging their combined purchasing power.
??Program meets the complex needs of aggregators, while offering services to third-party sellers Payoneer Global Inc. (PAYO), the commerce technology company powering payments and growth for the new global economy, today announced: Payoneer for Aggregators, a new growth program for the e-commerce industry.
Nine months into 2021, home prices across the United States continue to climb at record pace. In September, home prices appreciated nationally at an annualized 17.6 percent from the prior month. This press release features multimedia.
Governments and monetary authorities reacted quickly to the coronavirus disease health crisis with massive fiscal and monetary support. In this commentary we explore factors that could affect our sovereign ratings outlook, which remains mixed. Key highlights: 1. The global recovery faces some headwinds, including continued supply and demand disruptions from COVID-19 and emerging price pressures.
Kroll Bond Rating Agency releases research that discusses recent inflation prints, market expectations, comparisons with peer countries, and the source of labor market cost-push dynamics for the U.S. The U.S. Federal Reserve?s new flexible average inflation targeting strategy, which takes a more liberal approach to the 2% target, creates uncertainties about the precise path forward for monetary...
Dynex Capital, Inc. (DX) reported its third quarter 2021 results today. Management Remarks ?We believe the current environment remains favorable for us to generate solid long-term returns. Mr. Boston continued, ?The Dynex team expects an uneven transition of the global economy and central bank strategies beyond the immediate impacts of the pandemic, creating new risks and new opportunities.
Citizens announced today that the quarterly national Citizens Business Conditions Index? was a healthy 57.1, just slightly down from the second quarter?s 57.4. The third quarter?s reading reflects the continued strength in the recovery since COVID-19 stunned the economy and the markets in 2020.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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