KBRA releases a research report examining bank earnings during the past several years, with a focus on the positive effects of the fiscal and monetary policies that were enacted in 2020 in response to the COVID pandemic.
President and Chief Executive Officer of Cathay General Bancorp (CATY) and Cathay Bank, Chang M. Liu, has been appointed by the Federal Reserve Bank of San Francisco to serve as a member on its Los Angeles Branch Board of Directors. The Federal Reserve Bank of San Francisco represents the Twelfth District of the Federal Reserve System ? the central bank of the United States.
Data exchange and data ecosystems, innovation enablers for the common good. Dawex, the leading technology company for data exchange, data marketplace and data hub, today announced joining the Global Innovator community of the World Economic Forum.
Strategic selection of Rimini Street (RMNI) reduces SAP operating costs and refocuses talent resources toward new investments in security and digital transformation Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Tanita Corporation, a global ...
Rate increases take toll as companies prepare for economic slowdown Citizens announced today that the national Citizens Business Conditions Index? dropped to 48.5 in the fourth quarter, ending a streak of eight consecutive quarters in growth mode above 50 and reflecting cooling sentiment as rate hikes from the Federal Reserve have their intended effect.
Saudi Arabia?s smart city NEOM offers a new model for environmentally-friendly and sustainable urban design, both for the Kingdom and the world, Saudi?s Climate Envoy told the World Economic Forum today. This press release features multimedia.
Aligned with the Sustainable Development Goals, Magnom and Forbes plan new zero-carbon commercial tower in Cairo, Egypt, which will elevate standards of green design and push boundaries of modern construction Solidifying a commitment to long-term sustainability, Magnom Properties and Forbes, joined hands at the 53rd Annual Meeting of the World Economic Forum in Davos, Switzerland, to announce t...
The rapid economic transformation of Saudi Arabia and its global role in bringing near-term stability while driving long-term transformation was the subject of a high-level panel on the third day of the World Economic Forum at Davos. This press release features multimedia.
CXOs balance need for new investments in digital technologies to drive innovation and interoperability while addressing challenges with macroeconomics, IT resourcing and cost inflation Rimini Street, Inc. (RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced the fi...
The commentary analyses the potential refinancing risks for Italian banks as they reimburse the European Central Bank?s targeted longer-term refinancing operations funds.
Schneider Electric, the leader in the digital transformation of energy management and automation, has been named as a Global Parity Alliance Diversity, Equity and Inclusion Lighthouse for its Global Pay Equity initiative, by the World Economic Forum?s Centre for the New Economy and Society. This press release features multimedia.
Becomes one of 18 new sites added to Forum?s Global Lighthouse Network At this year?s World Economic Forum in Davos, Lenovo?s Hefei factory, LCFC, has been recognized as one of 18 additional sites added to the Forum?s Global Lighthouse Network of 132 leading manufacturers, each chosen for their leadership and integration of fourth Industrial revolution technologies.
Collaboration Provides Monthly Predictive Outlook on Global Geopolitical, Technological, and Climate Risk Megatrends to Shape the Future of Advanced Manufacturing and Value Chains Everstream Analytics, the global supply chain insights and risk analytics company, announced today that its proprietary data is featured in the World Economic Forum?s Value Chain Barometer in collaboration with Kearne...
A prestigious recognition of the company?s strategic adoption of Fourth Industrial Revolution technologies to successfully raise productivity and shorten customers? time-to-market.
A high-level delegation from the Kingdom of Saudi Arabia is set to participate in the World Economic Forum Annual Meeting 2023 in Davos, Switzerland, to enhance international cooperation and design joint solutions to today?s geopolitical, social, economic, and human development challenges.
KBRA releases the December 2022 issue of CMBS Trend Watch. U.S. CMBS private label issuance began to slow in second-quarter 2022 following a strong start to the year, owing to higher interest rates and uncertainty regarding future Federal Reserve actions.
Recognized innovator will contribute to WEF?s Centre for Cybersecurity?s initiative to address systemic challenges, improve digital trust, and build cyber resilience. SecurityScorecard, the global leader in cybersecurity ratings, today announced it has joined the World Economic Forum's Global Innovators Community.
Contents Technologies, a next-generation content company that builds and invests in IPs as well as technology/finance/service-oriented businesses within the content value chain, announces it has been invited to join the World Economic Forum?s Global Innovators Community.
The refinanced credit facilities will provide significant interest savings, enabling approximately $1.9MM of added annual cash flow for accelerated support across its subsidiaries and investments ? ? NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Eat Well Investment Group Inc. (EWGFF) , a leading plant-based food ingredient and CPG company, is pleased to annou...
Central Banks to Pause Rate Hikes as Inflation Declines Northern Trust (NTRS), a leading global asset manager with US$1.2 trillion in assets under management, expects 2023 to be a turbulent year as conditions pivot from inflation and monetary policy fears to a weak global economy, but the firm also expects market volatility to somewhat temper due to lower inflation and a pause in central bank interest...
Leveraging Rimini Street (RMNI) smart path solution transforms IT challenges into innovation opportunities Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced that Kooksoondang, a leading Korean producer of traditional rice wines, including yakju and...
Recruiting strategies indicate how companies can overcome risks & disruption through the convergence of people & processes Cleo, the pioneer and global leader of the Ecosystem Integration software category and provider of the Cleo Integration Cloud platform, today announced findings from its first annual Supply Chain Jobs Report, including what recruitment strategies tell us about the state of ...
As a Major Payment Institution License holder, the company can expand payments offerings in the country Payoneer, the commerce technology company powering payments and growth for the new global economy, has received in-principle approval as a Major Payment Institution License holder from the Monetary Authority of Singapore.
The Federal Reserve has raised its benchmark interest rate six times so far in 2022. In response to rising mortgage rates, adjustable-rate mortgages have begun to increase in popularity once again. An ARM offers a prospective homebuyer a more affordable way to get into a new home?at least at first.
Following the retirement of the IE11 browser, Officeworks maintained smooth and continuous functionality of critical CRM and customer support systems which relied on the browser Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced that Officewo...
NEW YORK---- Poor financial performance or even insolvency amid economic uncertainty and the prospect of a global recession, a lack of robust cyber security and governance processes, or an inadequate or non-compliant response to environmental, social and governance issues are among the key risk trends in the Directors and Officers insurance space, according to Allianz Global Corporate & Special...
In newly created role, Wagle will advance the company?s technology strategy to support global growth Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced the addition of Purnima Wagle to its global leadership team as chief information officer. This press release features multimedia.
The Global Innovators Community is an invitation-only group of the world?s most promising scale-ups The announcement comes as Watershed continues its work with the world?s largest companies to enable and accelerate meaningful climate action? SAN FRANCISCO & LONDON---- Watershed, the enterprise climate platform powering corporate climate action at the world?s leading companies, today ann...
?. The World Economic Forum, the world?s foremost international organization for public-private cooperation, has named U.S.-based medical technology company Xenco Medical the winner of its 2022 New Champions Award for Excellence in Sustainable Growth. This press release features multimedia.
The Steelworkers Humanity Fund is contributing $242,250 to 121 food banks and community organizations across Canada. Soaring inflation rates have left many struggling to make ends meet. ?The use of food banks in Canada is becoming more and more common, even in this era of record low unemployment rate,? said Marty Warren, President of the Steelworkers Humanity Fund.
With the Addition of Cheng and Others with Fintech Expertise, Wilson Sonsini Formalizes its ?Fintech and Financial Services? Group Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, announced today that Jess Cheng is joining the firm as a corporate partner in New York, where she will be a member of the Fintech...
Team sees global economic recovery on the horizon and a comeback for diversified portfolios Russell Investments? strategists believe a recession seems likely in 2023 and equity markets may struggle, but a global economic recovery should be on the horizon by year-end.
New, easy-to-deploy suite of integration and interoperability solutions provides unique, innovative, and economical tools for connecting browsers, operating systems, and email used with Oracle, SAP, and other software Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforc...
Dibbs taps users of its blockchain-based collectibles marketplace to uncover first-of-its-kind insights on user sentiment toward NFT technology Dibbs, the world?s onramp to Web3, today released findings from the industry?s first NFT Sentiment Report, which surveyed hundreds of NFT adopters to understand consumer sentiment around NFTs today and into the future.
UK public sector organizations can achieve immediate savings on annual support fees for Oracle and SAP products and up to 90% savings on total support costs, enabling the optimization, evolution and transformation of citizen services Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products,...
New Zealand?s economy could benefit from additional economic growth of $271 million, or 0.1%, by 2027 ? if the country were to introduce a domestic real-time payments scheme, according to a study by the Centre for Economic and Business Research ? commissioned by ACI Worldwide (ACIW), a global leader in mission-critical, real-time payments software, and Payments NZ, the payments industry association re...
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Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today noted that the U.K. Financial Conduct Authority has published a consultation on a proposal to require ICE Benchmark Administration Limited, the administrator of LIBOR, to publish 1-, 3- and 6-month U.S. dollar LIBOR settings under an unrepresentative ?synthetic? methodology after the...
Rimini Street (RMNI) earns expanded, global recognition for its inclusive, employee-centric culture and work environment that helps recruit, develop, reward and retain top talent Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced the Company has add...
As we move beyond COVID-driven restrictions, IDC's Future of Customer Experience predictions for 2023 reflect how B2B and B2C businesses must confront a new set of macroeconomic challenges ? inflation, global economic instability, and flattening customer growth ? while still navigating new hybrid work and organizational leadership models.
AM Best is maintaining its negative market segment outlook on Argentina?s insurance market, citing a difficult macroeconomic environment. The Best?s Market Segment Report, ?Market Segment Outlook: Argentina Insurance,? states that Argentina?s GDP expanded by 10.4% in 2021, recovering from a three-year recession, with GDP forecast to grow again in 2022.
The seasoned food industry professional brings decades of experience driving demand and sustainable growth for companies across Europe Today, Impossible Foods announced Noel Clarke as the company?s new Senior Vice President of International, charged with leading Impossible?s international strategy and sales team to build growth and drive demand across its non-domestic markets.
$30 million contract increase validates NGA?s growing demand for real-time dynamic monitoring capabilities BlackSky Technology Inc. (BKSY) received notification that the ceiling value of the five-year Indefinite-Delivery/Indefinite-Quantity contract with the National Geospatial Intelligence Agency for economic indicator monitoring was increased from $30 million to $60 million.
Geothermic Solution met with individuals at the highest government and business levels during its visit to the Kingdom of Saudi Arabia, with discussions focused on the company?s GeoHeat energy-harvesting technology and its role in establishing a sustainable energy supply for the global economy. PALO ALTO, Calif.
Gloat, the leading provider of Workforce Agility and pioneer of the AI-powered Talent Marketplace, announced today it has joined the World Economic Forum?s Global Innovators Community.
Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited has published a feedback statement on its intention to cease the publication of ICE Swap Rate? settings based on USD LIBOR?. Following the FCA?s announcement on March 5, 2021, IBA does not expect sufficient input data required to ca...
Indonesia?s government security services to be equipped with premium fleet of electric motorcycles from Zero as part of presidential decree to host zero-emissions summit Zero Motorcycles, the worldwide leader in electric motorcycles and powertrains, continues to drive the global transition to electric transportation with the completion of host-country Indonesia?s largest order of electric motor...
On November 12, the Association of International Economic Strategy was inaugurated at the International Forum on "Sharing New Development and Joining Hands for the Future" held in Beijing. This press release features multimedia.
KBRA believes the October Consumer Price Index reading released on November 10 is exactly the kind of print that investors and the Federal Reserve want to see, as policymakers confront the highest rate of inflation in four decades. Click here to view the report.
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.
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