In its bid for IMF support, Lebanon must address a question it has evaded since the economy imploded two years ago: how should it distribute the huge losses caused by its financial collapse? Till now, the answer has been brutally simple: ordinary Lebanese have paid the price as they watched savings evaporate, the currency crumble and basic goods disappear from the shelves.
LOS ANGELES, Sept. 23, 2021 NTWRK, North America's leading livestream shopping platform, raised $50M led by the Growth Equity business within Goldman Sachs Asset Management, and global luxury group Kering, including participation from LionTree Partners and Tenere Capital. NTWRK is a livestream video commerce marketplace aimed at Gen-Z and Millennial audiences.
Central bank moves headlined emerging
market currency action on Thursday, with South Africa's rand
taking in stride a decision to hold rates, while Brazil's real
firmed after an expected ...
U.S. banks Citi and J.P. Morgan on Thursday brought forward their forecasts for a Bank of England rate hike to early next year after the central bank said the case for higher borrowing costs "appeared to have strengthened". Citi said the BoE was now likely to raise interest rates to 0.25% from 0.1% in February 2022, and increase rates again to 0.5% in May 2022.
NEW YORK, Sept. 23, 2021 Klarna, a leading global retail bank, payments and shopping service today announced a partnership with Vivid Seats, a leading ticket marketplace connecting millions of fans to live events. "Life happens live at Vivid Seats, our goal is to help every fan enjoy the thrill of live events," said Stan Chia, CEO of Vivid Seats.
TORONTO, Sept. 23, 2021 Convictional, the first supplier enablement platform for retailers and distributors to power drop ship, marketplace and wholesale business models in one solution, announced that it has secured $6.7 million in Series A funding, led by solo venture capitalist Lachy Groom who led Convictional's 2019 seed round out of Y Combinator.
A new study from TransUnion (TRU) found that consumers seeking Buy Now, Pay Later and Point-of-Sale financing are also actively utilizing traditional credit – contrary to the assumption that these new credit offerings are taking market share away from credit card issuers and other lenders.
Volkswagen Credit, TD Auto Finance, Citizens, Ally Financial and Audi Financial Services Rank Highest in Respective Segments. With inventory constraints continuing to keep monthly retail sales of new vehicles down 30% from pre-pandemic levels, auto lenders are facing an incredibly competitive marketplace in which it is harder than ever to stand apart from the pack.
LONDON--The Bank of England kept its benchmark rate steady, but a debate over tightening policy to restrain inflation is heating up. The BOE said in a statement Thursday that its nine-member Monetary Policy Committee voted unanimously to keep the central bank's policy rate at a record low of 0.1%. But two officials on the panel pushed for the BOE's asset purchase program to be scaled back.
* Higher natural gas prices push up 2022 inflation outlook. * Two MPC members vote for early end to QE asset purchases. * Markets price in 90% chance of first rate rise by Feb. * Economists say faltering growth outlook may delay rate hike. By David Milliken and Andy Bruce.
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