Markets
HSBC to close 82 United Kingdom branches; revamps network for digital age
Politicians and customers were united last night in their calls for HSBC to reverse its decision to close its Welshpool branch in September . These will be temporary, movable units which will help customers with immediate queries including help in setting up and resetting online and digital banking, providing digital education, guidance and customer support. [Full Article...]
Britain resists giving European Union diplomats full status, sparking row
But Whitehall sources insisted that worldwide organisations were offered "very similar privileges and immunities" to diplomatic missions sent by foreign governments. European Commission spokesman Peter Stano said the United Kingdom, which, as a member of the EU, was a signature to the Lisbon Treaty which established the European External Action Service diplomatic network, was "well aware of the EU... [Full Article...]
BoC stands by 0.25% rate in first policy announcement for 2021
As a result, the bank announced it is keeping its key interest rate on hold at 0.25 per cent, citing near-term weakness and the "protracted nature of the recovery" in its reasoning. Statistics Canada reported Wednesday the annual pace of inflation cooled in December to 0.7 per cent compared with 1.0 per cent in November. The agency also reported that the average last month of Canada's three me... [Full Article...]
New unemployment claims remain high at 900,000
The U.S. economy lost 140,000 jobs in December and the unemployment rate was 6.7 percent, according to a previous report from the U.S. Bureau of Labor Statistics. Biden has made clear he will prioritize dealing with the coronavirus pandemic and its ensuing economic fallout as the recent surge in infections continues to weigh on in-person businesses such as bars and restaurants. [Full Article...]
Salesforce Ventures Leads $ 15 Million Funding in Tech Startup Darwinbox
The company , which has raised a total of Dollars 35 million , will use the latest funds for global expansion and product innovation, Darwinbox co-founder Jayant Paleti said. With this partnership, Darwinbox aims to accelerate digital HR adoption, deepen product offering and further their mission to become market leader in the HCM space. [Full Article...]
Bitcoin Price Analysis: 20 January
If the bounce is successful, the uptrend might continue up to the $37,000-$38,000 range, but not beyond it. The price is now trading well below $36,000 and the 55 simple moving average (4-hours). The last swing high is near $37,900 and it is now trading below the $38,000 level. If it doesn't hold, a break below the January 11thlow (30,310) may ignite a bullish run to bring Bitcoin below 30,000... [Full Article...]
Sensex hits 50,000 mark
Mumbai: In a historic day for India's stock market, the BSE Sensex crossed the 50,000 mark for the first time ever on Thursday morning. This time, it has taken the index less than two years to gallop another 10,000 points to hit the 50,000-mark. [Full Article...]
Gold Price Prediction - Prices Rise in Tight Range as Momentum Turns Positive
In point of fact, a number of key fundamentals had fathomed up the gains in the day's Wall Street, while President-elect Joe Biden's proposal of a trillion-dollar stimulus bill had bolstered hopes that the USA economy might witness an earlier-than-anticipated rollout of another stimulus package. [Full Article...]