services

The CEO of Swedish fintech startup Trustly, Johan Tjarnberg, recently discussed the company’s decision to delay its initial public offering (IPO) despite a 51% increase in operating profit. Tjarnberg revealed that Trustly intends to wait another year or two before going public to demonstrate the value of its open banking technology to potential investors. He
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Consumer confidence plays a crucial role in driving the Japanese economy, with private consumption accounting for approximately 60% of the country’s GDP. Any fluctuations in consumer sentiment can have significant repercussions on various economic indicators such as inflation, unemployment, retail sales, and industrial production. The recent depreciation of the Yen has increased import costs, leading
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The Indian economy is facing a significant slowdown in growth, with economists predicting that the GDP growth rate in the January-March quarter of 2022 will be the slowest in a year. The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in the previous quarter, thanks to a sharp drop in subsidies. However, most economists
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It is crucial for investors to pay close attention to comments made by Fed speakers regarding inflation, economic outlook, and interest rates. These comments can significantly impact market sentiment and expectations, influencing trading decisions. Recent data, such as the FOMC Meeting Minutes, labor market data, and US Services PMI, have played a role in shaping
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In a recent meeting of the G7 finance chiefs in STRESA, Italy, a draft statement revealed discussions on utilizing the future income from frozen Russian assets to assist Ukraine. This move comes after the G7 and its allies froze approximately $300 billion of Russian assets following Moscow’s invasion of Ukraine in February 2022. The aim
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The US stock market showed signs of recovery on Friday, following a dip in the previous session. This was attributed to improving consumer sentiment on inflation, leading to the Nasdaq and S&P 500 continuing their five-week upward trend. However, the Dow Jones Industrial Average was set to break its five-week rally streak after experiencing its
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The private credit industry has seen a significant increase in recent years, leading to a whole host of concerns regarding its resilience in times of economic downturn. One of the major worries is the lack of a large-scale downturn experienced by the industry, raising questions about its preparedness for a crisis and the implications for
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