Apr 10th 2021SAN FRANCISCOFacebookTwitterLinkedInWhatsAppONE OF SILICON VALLEY’S most successful inventions is hype. It usually disappoints. In 2015 live-streaming from smartphones became all the rage. But Meerkat, an app which pioneered it, shut down the following year. On April 1st Periscope, its more successful rival, did too (no joke). Will Clubhouse, a buzzy app that hosts…
KARACHI, Pakistan, April 12 (Reuters) – Remittances of $2.7 billion in March from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month, and were up 43% from a year earlier, the central bank said on Monday.Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with…
* India shares down 3%, rupee lowest since August * South Korean won, Thai baht weaken 0.5% each * Shares in Singapore, Malaysia, Indonesia slip * Indonesian rupiah at its lowest since November By Sameer Manekar April 12 (Reuters) – Asian currencies weakened and equities declined on Monday, with South Korean won, Indian rupee and…
BEIJING (Reuters) – Improved global demand and a favorable base effect are likely to have kept China’s exports buoyant in March, while higher oil prices will have been boosted its imports, a Reuters poll showed on Monday.FILE PHOTO: A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus…
NEW YORK (Reuters) – U.S. Treasury auctions offering $271 billion of new debt and a key inflation report this week could end a recent lull in the bond market, reigniting a rise in yields that worried investors in the first quarter.FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in…
SHANGHAI, April 12 (Reuters) – China’s yuan eased against the dollar in thin trade on Monday, pressured in part by escalating tensions between Beijing and Washington, while uncertainty over the policy outlook for major central banks kept investors in a cautious mood. The addition of seven Chinese supercomputing entities to a U.S. economic blacklist reinforced…
If you splurged on a matching pajama set for the first time over the last year, you’re not alone. Those fortunate enough to maintain an income shifted “scheduled spend” from normal routines to indulgences. People also satisfied their “skin hunger” with silks, satins, plushes, and Peruvian cottons. See more stories on Insider’s business page. In…
China has become the first major economy to roll out a digital currency. The e-yuan will bypass the global financial system. Economists, however, warn it could endanger the US dollar long-term. See more stories on Insider’s business page. The People’s Republic of China (PBOC) introduced its first blockchain-powered digital currency controlled by its central bank,…
China has become the first major economy to roll out a digital currency. The e-yuan will bypass the global financial system. Economists, however, warn it could endanger the US dollar long-term. See more stories on Insider’s business page. The People’s Republic of China (PBOC) introduced its first blockchain-powered digital currency controlled by its central bank,…
DUBAI, April 11 (Reuters) – Qatar National Bank (QNB) , the biggest lender in the Gulf, said on Sunday its first quarter net profit fell by 7% from a year earlier to 3.3 billion riyals ($906 million) as it booked 1.4 billion riyals in “precautionary” loan loss provisions.The bank’s total assets grew by 8% from…
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