Robotizing your back office
Robotics is the natural next step in the evolution of many businesses. This is not just in terms of enriching the customer experience (CX) but also optimizing back-office processes. Using technology to automate tasks and replicate human behaviors has the potential to bring about productivity gains in areas from finance and customer services through to […]
Banks take steps to reduce potential cloud computing risks, Google survey
A survey by Harris Poll and Google Cloud stated that the Banks are taking steps to mitigate risks from their increasing use of external cloud computing services. The Bank of England and the Bank of France have expressed concerns about a lack of transparency in how banks rely on a concentrated number of outside cloud computing providers like Google, Microsoft […]
China signals crackdown on privacy, data, anti-trust to go on
China will draft new laws on national security, technology innovation, monopolies and education, as well as in areas involving foreigners. The announcement signals that a crackdown on industry with regard to privacy, data management, antitrust, and other issues will persist on through the year. The Chinese Communist Party and the government said in a blueprint […]
Euronext says any details on new plan for Italy bourse ‘speculative’
Pan-European stock exchange Euronext dismissed as speculation reports in the Italian press about job cuts and top management changes at the recently acquired Milan bourse under a new business plan due in the autumn. Euronext completed its acquisition of the Milan stock exchange in a 4.4 billion euro ($5.2 billion), and that deal that turns […]
Dutch bank ABN Amro resumes dividend payments as Q2 net profit beats
Dutch bank ABN Amro said that it would resume dividend payments as an economic recovery in the Netherlands had helped a stronger-than-expected bounce in net profit. Amsterdam-based ABN said net profit rose to 393 million euros ($460.48 million) in the second quarter. This is because of the coronavirus restrictions were eased and companies gradually resumed business. […]
Fed taper talk lifts dollar ahead of inflation test
The dollar hovered near a four-month high against the euro and scaled a five-week peak on the Japanese yen. This is as the traders awaited U.S. inflation data and wagered a high reading could pressure the Federal Reserve to wind back policy support. The greenback has already caught a boost from the U.S. jobs data […]
Support measures push Japanese corporate bankruptcies to 50 year low
The number of corporate bankruptcies in Japan fell at the fastest rate this year to hit the lowest in 50 years for a July. A private-sector credit research firm thanked to funding support from the government and banks. There were 476 company bankruptcies in July, down 40% from the same month a year ago. This is shown in […]
Sterling little changed by Britain’s 4.8% GDP growth in Q2
Sterling edged lower as analysts expected the Bank of England to make no imminent moves in its monetary policy after official data showed Britain’s economy grew in line with expectations in the second quarter. The Office for National Statistics said that the economy grew by 4.8% in the second quarter. Sterling was little changed and […]
Macquarie invests $1.4 BLN in Britain’s Southern water
Macquarie Group’s asset management arm agreed to buy a majority stake in Southern Water for more than 1 billion pounds, pledging to transform the British utility that has faced criticism and fines for polluting local rivers. The investment comes a month after Britain handed Southern Water a record fine of 90 million pounds. This is […]
Dollar, US yields gain, Asian shares held back by delta worries
The dollar and U.S. yields extended gains in Asia, spurred by tapering talk, while Asian shares traded sideways on fears about the spread of the coronavirus despite a record close on Wall Street. The dollar index rose to its highest since mid-July, gaining against the yen, while the euro neared year-to date lows against the […]