Fed policymakers see upward march in interest rates
Half of U.S. Federal Reserve policymakers are expecting to start raising interest rates next year. They think that the borrowing costs should increase to at least 1% by the end of 2023. The swifter pace of interest rate hikes compared to the central bank‘s last set of projections in June comes as the economy continues its […]
Cross border wire transfers risks exposed
Nowadays, business is dominated by e-commerce and purchasing habits are trending more towards digital platforms. As per the 2018 report, a total of $423 million was lost in wire transfer scams. In 2020 the Federal Trade Commission (FTC) received more than 2.2 million reports regarding fraud. This shows that the online crime trends will only continue […]
Nvidia asks Chinese regulators to approve $40 Billion Arm Deal
Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported, citing people familiar with the matter. In the recent week only, the applications were made. According to Chinese antitrust lawyers, this has set in motion a period of scrutiny that could […]