Revolut blamed the mounting losses — which came despite a rise in revenue and customer numbers — on its investment in international expansion and new product offerings.
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New U.S. sanctions add uncertainty for global banks looking to tap China market
After decades of keeping the mainland financial market relatively closed to foreigners, the central Chinese government began to roll back restrictions on investment and ownership in the last two years.
Banks and tech giants including JPMorgan and Amazon pledge to hire 100,000 minority and low-income New Yorkers
The coronavirus pandemic has helped exacerbate inequality in U.S. cities, resulting in more job losses and worse health outcomes for people in low-income neighborhoods.
Big tech is bubbling up and could spark a correction, BTIG’s Julian Emanuel warns
BTIG’s Julian Emanuel is telling clients to brace for a market pullback.
Heads up: Trump will brief the press on coronavirus vaccine update later today
White House adviser, Kellyanne Conway, confirms with Fox News
Just a heads up in case we see unwavering optimism in the headlines later in the day.
Just a heads up in case we see unwavering optimism in the headlines later in the day.
ForexLive European FX news wrap: Gold retraces further, risk stays buoyant
Forex news from the European trading session – 11 August 2020
Headlines:
Markets:
– CAD leads, JPY lags on the day
– European equities higher; E-minis up 0.6%
Headlines:
Markets:
– CAD leads, JPY lags on the day
– European equities higher; E-minis up 0.6%
Dollar keeps weaker on the session as risk rally extends
EUR/USD climbs back towards the 1.1800 level
There’s not much reprieve for the dollar in European morning trade today as the risk rally is pinning the greenback lower currently. European indices are pushing gains of over 2% while US futures are also higher by ~0.7% and that is keeping risk sentiment buoyed.
There’s not much reprieve for the dollar in European morning trade today as the risk rally is pinning the greenback lower currently. European indices are pushing gains of over 2% while US futures are also higher by ~0.7% and that is keeping risk sentiment buoyed.
US July NFIB small business optimism index 98.8 vs 100.5 expected
Latest data released by NFIB – 11 August 2020
The details highlight five of the ten sub-indexes in the survey fell, with the uncertainty index rising from 81 in June to 88 in July. Sales expectations over the next three months also fell by 8 points to a net 5% last month.
The details highlight five of the ten sub-indexes in the survey fell, with the uncertainty index rising from 81 in June to 88 in July. Sales expectations over the next three months also fell by 8 points to a net 5% last month.
New Zealand reports first local coronavirus cases in 102 days; virus restrictions return
New Zealand reports four confirmed cases in one family, with the source of the infection in said cases unknown
If anything else, this will just mean that NZ will surely keep international borders closed for longer. And that will limit the economic recovery in general considering how heavily the country relies on its tourism sector to
If anything else, this will just mean that NZ will surely keep international borders closed for longer. And that will limit the economic recovery in general considering how heavily the country relies on its tourism sector to