LME launches digital register for aluminium and other metals
The London Metal Exchange (LME) had announced a register to digitally store the sustainability credentials and other characteristics of metals trading on its platform. This begins with the energy-intensive aluminium. The register is known as the LME passport. It will transfer Certificates of Analysis, based on a metal’s size, shape, purity etc. main thing here […]
iSend Logistics last mile delivery service expanded across country
iSend Logistics is a Malaysia-based logistics and warehousing firm, that offers cost-efficient, fast and reliable courier delivery services in Malaysia. It is expanding its last-mile delivery services across the country. iSend Logistics in partnership with local courier and freight forwarding services provider Ikobana, is carrying out this plan of expansion. Currently, they have their warehouses […]
London Stock Exchange launches financial innovation lab in Singapore
A dedicated Sustainable Financial Innovation Unit has been launched by the London Stock Exchange Group (LSEG) in Singapore. This is as per its part of their new LSEG Lab Network to drive innovation in the country’s fintech sector. LSEG has great support from the Monetary Authority of Singapore (MAS). They will work with the company […]
Nubank acquisition of fintech firm Spin Pay
Brazil-based neobank Nubank announced its acquisition of fintech firm Spin Pay. The deal to acquire Spin Pay will help Nubank to expand its portfolio. It can boost its offerings. In a media report Nubank stated that this acquisition will allow them to offer even more payment solutions for electronic retail. Spin Pay is working in […]
German growth could miss Bundesbank forecast this year
Economic growth in Germany could miss projections this year. The Bundesbank’s monthly report stated that a major unexpected strain can be put upon the economy in the autumn, because of the resurgence of the coronavirus. Europe’s biggest economy is expected to grow by 3.7% this year and 5.2% in 2022. The early weeks of the […]
BOJ policymaker warns of uncertain recovery
Bank of Japan board member Toyoaki Nakamura has been warned of risks to the economic outlook because of the recent resurgence in COVID infections. They also gave a hope that consumption will get boosted, after the households feel safe to start spending. Nakamura said that the world’s third-largest economy is expected to recover. Because the […]
FTSE 100 supported by financial, healthcare stocks
London’s FTSE 100 rose slightly, helped by gains in healthcare and financial stocks. In the mean while investors assessed risks from rising COVID infections globally and also has concerns about easing economic growth. The blue-chip FTSE 100 climbed 0.1%. The banking sector was the top performer with a 0.9% climb. David Madden, an analyst at […]
Pound set for worst week in months as global jitters boost dollar
Sterling touched one-month lows against a robust dollar and the euro. This has capped the pound’s worst week in months as global risk aversion propelled investors towards currencies considered safer. Risk currencies such as sterling have taken a knock, and also has worries that the Delta coronavirus variant could derail the global recovery. British retail […]
Metal cards are the future of finance
In 2019, Apple launched its credit card, made of titanium and weighing 15 grams. The payment industry is in a period of fierce competition. Amidst the battle, metal payment cards have become the hottest ticket in town. Metal cards are now an indicator of luxury status for high-value accounts such as the American Express Centurion. […]
Barclay bets on India again with $400 MLN infusion for banking
Barclays said that they are pumping in more than $400 million into its India arm. This major step is to tap rising corporate and investment banking activity in the country that is now recovering from the pandemic. This is Barclays’ single largest capital infusion. This comes after the British lender pulled out of the retail […]