Day: July 29, 2020

CXI Announces Exchange Bank of Canada Closes Its Transaction with a Canadian International Payments Business – GlobeNewswire
Forex News

CXI Announces Exchange Bank of Canada Closes Its Transaction with a Canadian International Payments Business – GlobeNewswire

TORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Currency Exchange International, Corp. (TSX: CXI) (OTCBB: CURN ), a full service foreign exchange technology and services provider, is pleased to announce its wholly-owned subsidiary Exchange Bank of Canada (EBC) has closed its acquisition of the assets of a Canadian international payments business that has operated 24 years in the Province of Québec. The regulatory approval for the asset purchase agreement was first announced in the Company’s press release dated June 30, 2020. “The acquisition of this proven international payments business is reflective of the Bank of Canada's dedication to growing its international payments business line and its total contribution to the bank group. With approximately 400 active corporate customers transitioni...
TXF APAC 2020 Trade & Commodity Finance – TXF
Commodities

TXF APAC 2020 Trade & Commodity Finance – TXF

TXF APAC 2020 will take place at the stunning Sofitel Singapore Sentosa Resort & Spa , set upon a clifftop above Tanjong Beach, with views of the South China Sea.  The venue address: 2 Bukit Manis Road, Sentosa, Sentosa Island, 099891 Singapore, Singapore. Admission to Sentosa Island All guests will be issued with a Sentosa admission letter 1 week before the event If you require accommodation, we recommend staying at the The Sofitel Singapore Sentosa Resort & Spa to save yourself a trip off the island, leaving more time for the all-important networking. It's all happening at the Sofitel... The hotel has kindly offered us a special rate of S$310 per night including breakfast. To book please click here. Please note that bookings need to be made before 20th Feb 2...
Aflac Incorporated’s (AFL) CEO Dan Amos on Q2 2020 Results – Earnings Call Transcript
Stock News

Aflac Incorporated’s (AFL) CEO Dan Amos on Q2 2020 Results – Earnings Call Transcript

Aflac Incorporated (NYSE:AFL) Q2 2020 Results Earnings Conference Call July 29, 2020 9:00 AM ET Company Participants David Young - Vice President, Investor and Rating Agency Relations Dan Amos - Chairman and CEO Fred Crawford - President and COO Max Brodén - Executive Vice President and CFO Teresa White - President, Aflac U.S. Eric Kirsch - Global Chief Investment Officer and President, Aflac Global Investments Rich Williams - Chief Distribution Officer Al Riggieri - Global Chief Risk Officer and Chief Actuary Steve Beaver - Chief Financial Officer, Aflac U.S. Charles Lake - Chairman and Representative Director, President, Aflac International Masatoshi Koide - President and Representative Director Todd Daniels - Director and CFO Koji Ariyoshi - Director and Head, Sales and ...
US Fed leaves rates near zero, repeats vow to use all of its tools
Stock News

US Fed leaves rates near zero, repeats vow to use all of its tools

By Matthew Boesler Federal Reserve officials left their benchmark interest rate unchanged near zero and again vowed to use all their tools to support the U.S. economy amid a shaky recovery from the coronavirus pandemic.“The path of the economy will depend significantly on the course of the virus,” the the U.S. central bank’s Federal Open Market Committee said in a statement Wednesday following a two-day policy meeting. Economic activity and employment, after sharp declines, “have picked up somewhat in recent months but remain well below their levels at the beginning of the year,” the Fed said. The FOMC repeated prior language that the pandemic “poses considerable risks to the economic outlook over the medium term” and that the federal funds rate would remain near zero “until it is conf...
Back-to-School 2020: Another Driver of Tech ETF Rally
ETFs

Back-to-School 2020: Another Driver of Tech ETF Rally

We are currently in one of the busiest shopping seasons of the year – Back to School. Every year, retailers are benefited from the start of the school year, but this year the shopping trend is likely to be a little different thanks to the coronavirus pandemic. As per the National Retail Federation (NRF), back-to-school spending is likely to be an average $789.49 per family, surpassing the previous record of $696.70 last year. Spending is expected to total $33.9 billion, up from $26.2 billion last year and topping the record of $30.3 billion set in 2012. Majority of the outlays would be made on tech products as the school year will likely begin primarily with remote learning. According to the survey done by NRF, 63% of K-12 families look to buy computers and other electronics this year,...
Lithia Motors (LAD) is an Incredible Growth Stock: 3 Reasons Why
Stock News

Lithia Motors (LAD) is an Incredible Growth Stock: 3 Reasons Why

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Lithia Motors (LAD) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth...
Rand flat ahead of Fed decision
Stock News

Rand flat ahead of Fed decision

The rand marked time on Wednesday as investors waited to hear the outcome of the US Federal Reserve’s latest policy meeting. The Fed is expected to provide reassurance of endless stimulus for the US economy in a statement at 1800 GMT (2 p.m. EDT) but no major policy changes are expected. At 1530 GMT the rand was 0.06% firmer at R16.52 per dollar compared to an overnight close of R16.53. Local inflation for June was in-line with expectations, with price-growth at 2.2% year-on-year from 2.1% previously. The data came a week after the South African Reserve Bank cut lending rates to a new record low but signalled it was close to ending its easing run. With other emerging market central banks cutting rates, and stimulus packages in developed markets providing excess liquidity, the yield...
It Is Time for Blockchain to Prioritize Diversity and Inclusion
Crypto News

It Is Time for Blockchain to Prioritize Diversity and Inclusion

The lack of gender and racial diversity in the tech space is no longer a “secret.” According to data from Statista, while the percentage of employed women across all job sectors in the United States has grown to 47%, the five largest tech companies on the planet — Amazon, Apple, Facebook, Google and Microsoft — have a workforce of only about 34.4% women. This misrepresentation extends to the C-suite as well, with 31% of large tech companies lacking any women of color as executives. It’s clear that the tech workforce today doesn’t fully represent the communities in which we live or the consumers or customers we serve. But the renewed attention given to diversity and inclusion has resulted in positive reactions from leaders in the tech sphere that could change that. In June, Reddit co-fo...
Daily Gold News: Wednesday, July 29 – Uncertainty Following Gold’s Record-Breaking Rally
Commodities

Daily Gold News: Wednesday, July 29 – Uncertainty Following Gold’s Record-Breaking Rally

FXEmpire.com - On Tuesday the gold futures contract reached another new record high of $1,974.70, as it accelerated the advance following recent breakout above the short-term trading range and $1,800 level. However, the yellow metal closed $30 below the daily high yesterday, as it gained 0.7%. Gold reached the highest in history following U.S. dollar sell-off, among other factors. Gold is unchanged this morning as it is extending a short-term consolidation following record-breaking advance. What about the other precious metals? Silver lost 0.82% on Tuesday and today it is 0.1 % lower. Platinum gained 2.03% and today it is 1.1% lower. Palladium lost 0.18% on Tuesday and today it’s 2.7% lower. So precious metals are mixed this morning. Yesterday’s U.S. CB Consumer Confidence release h...
Foreign Exchange Industry Market by Type, Application, Element – Global Trends and Forecast to 2025 – AlgosOnline
Forex News

Foreign Exchange Industry Market by Type, Application, Element – Global Trends and Forecast to 2025 – AlgosOnline

A report on 'Foreign Exchange Industry Market' Added by Market Study Report, LLC, features the recent and upcoming growth trends of this business in addition to accurate details related to the myriad geographies that comprise the regional spectrum of the Foreign Exchange Industry market. Furthermore, the report elucidates complex details about the supply-demand analysis, industry share, growth statistics and participation of major players in the Foreign Exchange Industry market. The research report on Foreign Exchange Industry market comprises of a thorough assessment of this business vertical and gives a firsthand analysis of the pivotal drivers that craft the remuneration graph and amplify growth opportunities. The report, besides this, provides integrated examination of the regional ...