German service providers reported a further rise in business activity in August, although the pace of expansion slowed since the previous month. Employment also rose at a weaker rate, while new business continued to increase. Meanwhile, business sentiment fell to the lowest level in nearly one year. The seasonally adjusted Markit Germany Services Business Activity […]
The U.S. economy continues to strengthen. Last week, we learned that 209,000 jobs were created in July. This increase represented the sixth consecutive monthly payroll gain of more than 200,000—the longest such stretch since 1997. Over the past 53 months, our private sector has produced nearly 10 million new jobs. The unemployment rate has fallen […]
Zurich, Credit Suisse economists and strategic investment consultants who advise the bank’s institutional clients today published a study entitled ‘Swiss Pension Funds 2014 – Perspectives in Demographics and Asset Management’. The study is based on a survey of more than 250 Swiss pension funds. The results indicate that in addition to the low interest rate […]
ENGLEWOOD, Colo.– The Western Union Company (NYSE: WU), a leader in global payment services, today announced that consumers in Austria, Belgium, Germany, the Netherlands and the United Kingdom now have the option to fund online and mobile Western Union Money Transfer® transactions using their bank accounts. Today’s launch adds to Western Union’s online and mobile […]
Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a $12.057 million World Bank Step-Up Callable Green Bond sold to Merrill Lynch Wealth Management clients. Bank of America Merrill Lynch offered the step-up fixed rate bonds, which are callable after one year. The bonds will pay a 2.32 percent coupon per […]
New York, NY – German and French companies are using renminbi to trade (RMB) and now, increasingly, American businesses are too. More U.S. businesses are using RMB to settle trade and more plan to use it amid expectations by business leaders that their trade with China will increase in the next 12 months. Seventeen percent […]
WASHINGTON – The U.S. Treasury Department today announced that it has guaranteed $325 million in new bonds to help support economic development opportunities in low-income and underserved communities across the country. The funding, provided through the Community Development Financial Institutions (CDFI) Bond Guarantee Program, is designed to help CDFIs fill a financing gap in underserved […]
Benjamin M. Lawsky, Superintendent of Financial Services, announced an order today regarding Standard Chartered Bank’s (“SCB”) failures to remediate anti-money laundering compliance problems as required in the Bank’s 2012 settlement with the New York State Department of Financial Services (NYDFS). Under the order, SCB will suspend dollar clearing through its New York Branch for high-risk […]
WASHINGTON, August 8, 2014 – The World Bank Group and the African Union Commission (AUC) today signed an International Development Association (IDA*) grant of US$25 million to support capacity development of the AUC and other African Union organs. The funding for the Support for Capacity Development of the AUC and other African Union Organs Project […]
NEWARK, N.J., August 13, 2014 – Despite the sentiment that we have entered a digitally dominant age, traditional benefits communication vehicles have not yet become obsolete. Employers report they are taking a multichannel approach to meet the needs and preferences of their employees according to Delivering the Benefits Message, the fifth in a series of […]
