Abu Dhabi National Oil Company (ADNOC) has reached an agreement to buy German chemicals manufacturer Covestro, in what would be the largest acquisition in the history of the United Arab Emirates and the largest purchase of a European company in the Middle East. The deal, worth more than $16 billion, comes at a difficult time … Read more
Advertising money. We may receive compensation if you click on this ad.Announcement If you’re looking to sell your home, you may be looking at its old windows and wondering if you should replace them before hanging up your “For Sale” sign. As with many things in life, the answer is clear: “Maybe.” There’s no doubt … Read more
House Awards Awards ceremonies and events Daily news from Sibos in partnership with DBS The global financial community gathers in Beijing for Sibos 2024. This year’s theme, “Connecting the Future of Finance,” highlights the turning point facing the financial industry, with enormous opportunities and challenges ahead. Stay up to date with the latest happenings on … Read more
Retailers and grocery chains are using their turkey knives in a bid to lower prices ahead of Thanksgiving. Target, Walmart and Aldi have already begun slashing the price of some holiday items across the country in their latest attempt to win back inflation-weary shoppers. The trend highlights how retailers are trying to lure shoppers hit … Read more
The use of AI in finance was a hot topic at this year’s Sibos conference as banks discussed how AI could change the way financial services are delivered and consumed and, more importantly, how its data is managed. Using large language models (LLMs) to improve efficiency, improve customer service, and improve decision-making has been part … Read more
We research all brands listed and may receive compensation from our affiliates. Research and financial considerations may influence how brands are presented. Not all brands are included. Find out more. This week, Amazon announced that Prime members can get a 10-cent discount per gallon of gas at approximately 7,000 bp, Amoco and APM stations. The … Read more
JP Morgan has just announced a new global clearing offering, Wire365, which supports a full range of global USD remittances and operates 24/7. “While our clearing systems, such as the US Federal Reserve’s Fedwire, are not currently operational 24/7, we will be prepared,” says Gayatri Vasudev, global head of cross-border payments at JP Morgan. “This … Read more
High housing costs have been a hot topic for the past two years. In a presidential election year, affordability concerns have become a talking point for both candidates. According to a recent Gallup poll, high housing costs have become the second most important financial problem for American families after inflation. Lack of inventory has pushed … Read more
HSBC announced on Wednesday at Sibos that it is expanding the trade finance solutions it offers to businesses trading on e-commerce platforms in mainland China and Hong Kong, following the successful launch of its partnership with Dowsure Technologies. Small and medium-sized enterprises (SMEs) typically face challenges securing trade finance, but by using real-time trade data … Read more
The S&P 500 and the Dow Jones Industrial Average set new records this month as earnings season began. However, while the major indexes continue to hit all-time highs and a record share of Americans now own stocks, a growing number of investors appear to be abandoning the market in favor of sports betting. A July … Read more