Meet Nisolo, an ethical shoe and fashion brand that is committed to paying all of its workers a living wage.
Meet Nisolo, an ethical shoe and fashion brand that is committed to paying all of its workers a living wage.
It rarely happens, but even Gerrit Cole can have an off-night. The Rangers touched him up for 5 runs, including a pair of home runs. Cole: 'I think it was just one of those nights, just wasn't as crisp'. He does now hold the Major League record for most consecutive strikeouts without a walk, with 61 K's.
Mining PancakeSwap LAYER DeFi LengdingSingapore, May 18, 2021 (GLOBE NEWSWIRE) -- Recently, Layer will go online on decentralized exchanges Pancakeswap and Lotus, the trading pairs is Layer-USDT. Users can participate in Layer mining by accessing the Pancakeswap through the Layer platform to provide liquidity for layer-USDT trade pairs. In addition, Layer will add BTC, ETH, DAI, LTS, BNB, BUSD and other mine pools to meet the lending and mining needs of more users. Users can also register and log into the Lotus exchange to participate directly in Layer trading, Lotus website: www.lts.gold Lotus Exchange was launched in October 2020 and is regulated by MSB of the United States and FTR of Canada. Currently, the platform has more than 300,000 users and more than 10,000 DAU, mainly from Southeast Asia, Canada, the United States and the European Union. It is a leading and open digital asset exchange in the world. Layer protocol is a money market smart contract which supports all kinds of BEP-20 standard token assets. Users can deposit any BEP-20 token in the contract and gain interest yield from borrowers. Matching the demand of borrowing, users need to deposit supported assets as collateral before lending money from Layer. Lean more Mining address: https://app.layer.cash Twitter: https://twitter.com/layerdotcash Telegram: https://t.me/layerofficial Website: https://layer.cash Medium: https://medium.com/@layeroffical Media Contact Layer protocol (+1)(860) 269-5957 Morgan Rogers Morgan_Rogers@layer.cash https://layer.cash/ Disclaimer: The news is not intended to be used in countries where bitcoin/crypto is banned or not authorized.
Clover said in a statement its vaccine candidate demonstrated a "neutralisation" against the South African, Brazilian and UK variants among mice. The company is testing a COVID-19 vaccine candidate containing an adjuvant, typically designed to boost the efficacy of vaccines, from Dynavax Technologies Corp.
Jared Quay previews the betting odds for the Eastern Conference Play-In games in the NBA Playoffs on Tuesday May 18.
Pressure is mounting on South Korean President Moon Jae-in to pardon Samsung heir Lee Jae-yong, who is back in prison after his conviction in a massive corruption scandal, even though business has rarely looked better at South Korea’s largest company. Many people — from business leaders and editorial writers to even Buddhist monks — have urged Moon to release Lee for the sake of an economy heavily dependent on Samsung’s technology exports.
A powerful cyclone that slammed into India's west coast was set to weaken on Tuesday, the weather office said, as tens of thousands of people were moved out of its path. Trees were uprooted and storm surges reported in coastal villages and towns of Gujarat state where cyclone Tauktae, the most powerful in more than two decades, made landfall late Monday packing gusts of up to 210 kph (130 mph). More than 200,000 people have been evacuated from their homes https://www.reuters.com/world/india/indias-gujarat-state-braces-most-severe-cyclone-over-two-decades-2021-05-17 in Gujarat as authorities shut ports and major airports.
Minty Bets previews the betting odds for the New York Yankees vs. Texas Rangers on Tuesday May 18.
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Japan’s economy shrank more than expected during the first three months of the year, raising the possibility of a double-dip recession as the country struggles to contain infections and speed up its vaccine rollout.Gross domestic product contracted an annualized 5.1% from the previous quarter, ending six months of double-digit growth, as businesses cut investment, shoppers held back spending and government outlays fell amid a suspension of a travel-promotion campaign to help the ailing tourism industry.Economists had forecast an overall contraction of 4.5%.The worse-than-expected result leaves the economy in a vulnerable position this quarter, as Prime Minister Yoshihide Suga’s administration struggles to find the right balance in a targeted approach to virus containment that attempts to limit damage to the economy and keep the staging of the Olympics on track.“If the state of emergency is extended, that will certainly raise the odds of a contraction,” said economist Yoshiki Shinke at Dai-Ichi Life Research Institute. “Consumer spending is the biggest missing piece for the economy and it’s hard to predict because it’s very much dependent on the virus situation.”Suga last week added three more prefectures to the latest emergency, putting about half of the economy under restrictions that are slightly tighter than the ones in winter, but still less draconian than Europe’s lockdowns. Restaurants and bars in the biggest cities are now being asked to refrain from serving alcohol in addition to closing early.Failure to end the restrictions at the end of May and to avoid a slip back into recession would pile pressure on Suga to take extra action to right the economy and maintain his hopes of surviving as premier as the country heads into a general election that must be held by the autumn.Inability to peg back infections could also fuel concern over the staging of the Tokyo Olympics. Canceling the Games would deal another blow to the economy.What Bloomberg’s Economist Says...“In the details of Japan’s deeper-than-expected GDP contraction in 1Q, there was even more bad news -- a surprise drop in private investment and an unexpectedly steep buildup in inventories. These signal weakness in the manufacturing sector -- a rare growth driver amid the virus emergency -- and add to downside risks to the economy in 2Q.--Yuki Masujima, economistTo read the full report, click here.“The government may end up putting together an extra budget to change the situation,” said economist Hiroaki Muto at Sumitomo Life Insurance Co. “They may not be able to compile a big one, but they might pull together about 20 trillion yen ($183 billion) of measures.”Additional spending would add to extra budgets worth over 70 trillion yen to deal with the virus and support the economy last year.The first quarter drop in capital investment signals companies are more cautious about the outlook than earlier expected. Though the preliminary data is often heavily revised, a chorus of business executives have started to voice concern over what they see as an unacceptably slow vaccine rollout in one of the world’s richest countries.Still, strong exports and industrial production, supported by the global recovery, continue to provide a bedrock of support for Japan’s economy, even though a rise in imports caused the overall trade component of the GDP to go negative in the first quarter.Japan’s Exports Jump Most Since 2017 Amid Global Trade RecoveryConsumers also didn’t retrench as much as economists feared last quarter, a fact that may signal a reservoir of underlying demand that could help power the recovery once restrictions are removed.“Once the virus situation starts to be more contained and people’s activity becomes more normalized, pent-up demand is likely to emerge,” economy minister Yasutoshi Nishimura said. Japan isn’t heading toward a big contraction in the second quarter like last year and economic activity will broaden out as vaccinations proceed, he added.But rising infection numbers indicate the government still hasn’t got the balance of its measures right or hasn’t adjusted its restrictions quickly enough to account for new virus strains as infections rise and the logic of holding the Olympics is called into question. An Asahi Shimbun newspaper poll on Monday showed more than 80% of respondents were against staging the Games this year.Until earlier this year, Japan was seen a relatively successful example of virus control, having achieved low infection rates and deaths without full lockdown measures.But the positive optics have changed as the country’s lengthy vaccine approval process and its slow rollout have left the country well behind the U.S, the U.K. and other countries with more aggressive inoculation programs. So far, only about 3% Japan’s the population has received even a single dose.“The best economic measure is to accelerate vaccination,” said Dai-Ichi’s Shinke. “While many other countries consider loosening restrictions, Japan isn’t there yet.”(Updates with economist’s comments on possibility of more government stimulus.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Have you heard of the bamboo ceiling? It's basically the glass ceiling with a twist. It points to why Asian Americans are the least likely to advance into executive roles.
On the 17th, the medical robot specialist company CUREXO (060280) announced that their next-gen walking rehabilitation robot, the 'Morning Walk S200', acquired CE certification. This is the 3rd certificate that the 'Morning Walk S200' has acquired, followed by MFDS (Korea) and FDA (US) certificates this February.
The growing demand for industrial gases including carbon dioxide, oxygen, and specialty gases, from numerous applications including food & beverage manufacturing, water treatment, and electronics, is projected to boost the Middle East industrial gases market growth., says this report.Selbyville, Delaware, May 18, 2021 (GLOBE NEWSWIRE) -- Based on Global Market Insights Inc., report, the Middle East Industrial Gas Market was estimated at $2.5 billion in 2020 and is slated to exceed $4.5 billion by 2027, registering a CAGR of 6.9% from 2021 to 2027. The report provides a thorough analysis of the main investment avenues, major winning strategies, drivers and opportunities, wavering industry trends, market estimations as well as size, competitive scenarios. Argon industrial gas anticipated to show significant growth of 7.0% CAGR over the coming years and anticipated to reach over USD 325 million by the years 2027. Argon industrial gas is widely used for inert environment owing to its demand from welders to protect weld area from oxidation which is likely to boost product demand. Request for Sample Report: https://www.gminsights.com/request-sample/detail/5053 Oxygen industrial gas anticipated to grow with high pace growth as compared to other industrial gas present in the market. The oxygen gas projected to grow with the CAGR over 7.0% in the forecasted period. Also, the segment holds largest share over 45% in the current scenario. On-Site supply mode is expected to register significant growth over CAGR of 7.0% between 2020 and 2027. It is owing to its benefits such as uninterrupted supply, deliver reliability and optimization to the process and reduces the overall industrial gas spend owing to its flexible design. Manufacturing application holds the significant share more than 20% in the Middle East industrial gas market, owing to growing manufacturing sector around worldwide, also industrial gases play important role metal fabrication. Kuwait region anticipated to show lucrative growth in the Middle East industrial gas market over 7.0% of CAGR between the years 2020 to 2027 and anticipated to reach over USD 200 million by the end of 2027. On the other hand, Saudi Arabia region holds a significant share of more than 35% in the market and is anticipated to grow with highest CAGR over 5.5% owing to rising industrialization in the region. Request for customization of this report: https://www.gminsights.com/roc/5053 Government initiatives to develop country’s healthcare sector is anticipated to boost industrial gas market growth in the region. Industrial gas is used in healthcare systems for various purpose including preservation and respiratory therapies. Additionally, the region is working to several facility expansion and offer services in various segments including hospitals, clinics and patient monitoring systems which should boost demand for industrial gas in turn stimulating market growth. Key players in the Middle East industrial gas industry are focusing on strategic initiatives such as mergers, acquisitions, and joint venture to cater to growing demand of industrial gas largely from chemical and healthcare industry. About Global Market Insights Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making. GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision makers. CONTACT: Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll-Free: 1-888-689-0688 Email: firstname.lastname@example.org Web: https://www.gminsights.com
More than a week of fighting between Israel and Hamas showed few signs of abating on Tuesday despite intense U.S. and global diplomacy to stop the region's fiercest hostilities in years. The Israeli military said late on Monday that Hamas and other Palestinian groups had fired about 3,350 rockets from Gaza - 200 of them on Monday alone - and that Israeli air and artillery strikes had killed at least 130 militants.
SAN FRANCISCO, May 18, 2021 (GLOBE NEWSWIRE) -- Catalyst Partners Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Stock Market, LLC (“Nasdaq”) and will trade under the ticker symbol “CPARU” beginning May 18, 2021. Each unit consists of one Class A ordinary share of the Company and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on the Nasdaq under the symbols “CPAR” and “CPARW,” respectively. The offering is expected to close on May 20, 2021, subject to customary closing conditions. The Company is a newly organized blank check company, formed by Dr. James I. Cash, Paul Sagan, Robin L. Washington, Evan Sotiriou, Kevin King, Kenneth I. Chenault, Ann Fudge, David J. Grain, Steven S. Reinemund, and Corey E. Thomas, for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Although the Company will not be limited to a particular industry, it intends to invest in an innovator or innovators focused on building an enduring company in the enterprise software sector. Goldman Sachs & Co. LLC is acting as lead bookrunning manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units securities at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone at (866) 471-2526, or by email at email@example.com. Copies of the prospectus relating to this offering, when available, may also be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. A registration statement relating to the securities became effective on May 17, 2021. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Cautionary Note Concerning Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. For all press inquiries, please email firstname.lastname@example.org.
List of Key Players Profiled in this Core Banking Software Market Report: C-Edge Technologies Ltd. (Mumbai, India), VSoft Technologies Pvt. Ltd. (Telangana, India), Jack Henry & Associates, Inc. (Missouri, United States), Temenos AG (Geneva, Switzerland), Wipro Limited (Bengaluru, India), NCR Corporation (Georgia, United States), HCL Technologies Limited (Noida, India), Tata Consultancy Services Limited (Mumbai, India), Microsoft Corporation (Washington, United States), International Business Machines Corporation (IBM) (New York, United States), Alphabet Inc. (Google LLC) (California, United States)Pune, India, May 18, 2021 (GLOBE NEWSWIRE) -- The global core banking software market size is projected to reach USD 34.48 billion by 2028, exhibiting a CAGR of 18.0% during the forecast period. The growing presence of fintech startups in the banking industry will be one of the primary accelerators for this market, postulates Fortune Business Insights™ in its report, titled “Core Banking Software Market, 2021-2028”. In 2020, the value of the market stood at USD 9.40 billion. The banking sector in most countries is getting speedily digitized, stoking the need for innovative technology-based solutions to facilitate smooth banking services. These emerging needs have led to the spawning startups specializing in financial technologies. For example, Germany-based solarisBank is a startup that offers a banking-as-a-service platform that enables businesses to extend clean financial services to their end customers. The company also holds a full-fledged banking license within Germany. Another example is Thought Machine, a startup based in London that provides VaultOS, its core banking software platform. Since 2016, the company has entered into high-profile partnerships with Lloyds Banking Group, Atom Bank, and IBM. The steadily expanding operations of these entities are widening the scope of this market in a promising manner. To get to know more about the short-term and long-term impact of COVID-19 on this Core Banking Software Market Please visit: https://www.fortunebusinessinsights.com/core-banking-software-market-104392 Segmentation On the basis of deployment, the market is bifurcated into SaaS/hosted and licensed. Based on banking type, this market has been segregated into large banks, midsize banks, small banks, community banks, and credit unions. The large banks segment held a dominant share of 34.3% in 2020 in the global and a share of 35.8% in the US market in 2020. By end-user, the Core Banking Software Market has been categorized into retail banking, treasury, corporate banking, and wealth management. In terms of geography, the global market has been divided into North America, Asia Pacific, Europe, the Middle East & Africa, and South America. Driving Factor Increasing Adoption of Virtual Tools by Banks amid COVID-19 to Fuel Market Growth The outbreak of the COVID-19 pandemic has been a blessing in disguise for the core banking software market growth, with the market registering growth of 15.1% in 2020 and reaching a value of USD 10.84 billion in 2021, as banks around the globe are rapidly transforming their processes through virtual technologies. For example, in April 2020, TSB, the British commercial bank, introduced a Smart Agent application on its website to ensure immediate access to customers to the various steps taken by the bank amid the coronavirus pandemic. Moreover, to provide employees secure remote access to bank data, some banks have installed systems to simplify work from home. For example, in the US, in March 2020, New Orleans-based Gulf Coast Bank allowed its employees to access VPNs to ensure enhanced security while working from home or while working from personal devices. Thus, digitization trends in the banking industry have accelerated due to the coronavirus and with countries grappling with the second and third waves of the contagion, these trends are likely to get an additional push and boost the uptake of core banking software. Request Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/core-banking-software-market-104392 Highlights of the Report The Core Banking Software Market report contains valuable insights into the market drivers, trends, opportunities, and hindrances and supplies a detailed study of all market segments, individually and collectively. Furthermore, the report also offers a comprehensive analysis of the regional dynamics influencing market growth and provides a microscopic evaluation of the key players’ profiles and growth strategies. Regional Insights North America Generates USD 4.26 Billion in Revenue; Asia Pacific to Exhibit Fastest Growth North America is expected to lead the core banking software market share during the forecast period owing to the release of advanced virtual banking solutions by key players in the regions. For example, Fidelity National Information Services (FIS) launched ClearEdge, its core banking solution for community banks, in August 2020. In Asia Pacific, the market for core banking software is set to gain larger ground on account of the rapidly expanding formal banking sector in the region’s growing economies of India, China, and Vietnam. On the other hand, the Europe market is anticipated to showcase steady growth due to the strong presence of global fin-tech companies in the region. Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/customization/core-banking-software-market-104392 Competitive Landscape Operational Expansion in Profitable Regions to be the Focal Area for Key Players With the demand for efficient core banking software and solutions surging worldwide, key players in this market are identifying regions where their investments will bring maximum returns. These regions usually comprise countries where the digitization of banking services and networks is simplified due to low populations. The introduction of virtual banking solutions in such countries is enabling companies to secure a firm foothold in the global market. Industry Development December 2020: Larsen & Toubro Infotech (LTI) collaborated with the banking software specialist, Temenos, to roll out the Digital Banking Platform in Nordic countries. The idea behind the launch is to modernize core banking systems in these countries and make financial institutions more agile and scalable. List of Key Players Profiled in this Core Banking Software Market Report C-Edge Technologies Ltd. (Mumbai, India)VSoft Technologies Pvt. Ltd. (Telangana, India)Jack Henry & Associates, Inc. (Missouri, United States)Temenos AG (Geneva, Switzerland)Wipro Limited (Bengaluru, India)NCR Corporation (Georgia, United States)HCL Technologies Limited (Noida, India)Tata Consultancy Services Limited (Mumbai, India)Microsoft Corporation (Washington, United States)International Business Machines Corporation (IBM) (New York, United States)Alphabet Inc. (Google LLC) (California, United States)Computer Services, Inc. (CSI) (Kentucky, United States)Unisys Corporation (Pennsylvania, United States)Fidelity National Information Services, Inc. (FIS) (Florida, United States)Fiserv, Inc. (Wisconsin, United States)Finastra (London, United Kingdom)Intellicus Technologies (California, United States)Capgemini SE (Paris, France)Infosys Limited (Bengaluru, India)Oracle Corporation (California, United States)SAP SE (Walldorf, Germany) Quick Buy - Core Banking Software Market Report: https://www.fortunebusinessinsights.com/checkout-page/104392 Table Of Content: Introduction Definition, By SegmentResearch Methodology/ApproachData Sources Key TakeawaysCore Banking Software Market Dynamics Macro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19 Short-term ImpactLong-term Impact Competition Landscape Business Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key Players Global Core Banking Software Key Players Market Share Insights and Analysis, 2020Key Market Insights and Strategic RecommendationsCompanies Profiled (Covered for key 10 players only) Overview Key ManagementHeadquarters etc. Offerings/Business SegmentsKey Details (Subjected to data availability in public domain and/or on paid databases) Employee SizeKey Financials Past and Current RevenueGeographical ShareBusiness Segment Share Recent Developments TOC Continued…! Speak To Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/core-banking-software-market-104392 Have a Look at Related Research Insights: Artificial Intelligence (AI) Chipsets Market Size, Share & COVID-19 Impact Analysis, By Chipset Type (Graphics Processing Unit (GPU), Field Programmable Gate Arrays (FPGAs)), By Application (Natural Language Processing (NLP), Robotic Process Automation (RPA), Machine Learning), By Computing Technology (Cloud Computing and Edge Computing), By Function (Training and Inference), By Industry and Regional Forecast, 2020-2027 Payment Processing Solutions Market Size, Share & COVID-19 Impact Analysis, By Payment Method (Debit Card, Credit Card, e-Wallet, Automated Clearing House (ACH), and Others), By Industry Vertical (Banking, Financial Services and Insurance (BFSI), Manufacturing, IT and Telecommunications, Travel and Hospitality, Retail and Consumer Goods, Healthcare, Transportation and Logistics, and Others), and Regional Forecast, 2020-2027 Adaptive Learning Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (On Premise, Cloud), By End User (K-12, Higher Education, Corporate), and Regional Forecast, 2020-2027 Virtual Meeting Software (3D Virtual Event) Market Size, Share & COVID-19 Impact Analysis, By Type (VR Headset, Without VR Headset), By Function (Virtual Event, Video Conferencing, Mobile Event App, Event Management, Lead Retrieval, Attendee Management, Gamification, and Others), By Deployment (On-premises and Cloud), By Enterprises Size (Small & Medium Enterprises and Large Enterprises), By Industry and Regional Forecast, 2020-2027 Smart Helmet Market Size, Share & COVID-19 Impact Analysis, By Type (Full-face, Open-face, Half-head), By Technology (Integrated Communication System, Integrated Video Camera, Contactless Temperature Measurement, Bluetooth Connectivity, Signal Indicator and Brake Function, and Others), By End-user (Consumer, Industrial, Healthcare, and Construction), and Regional Forecast, 2020-2027 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India. Phone: US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245 Email: email@example.com LinkedIn: https://www.linkedin.com/company/fortune-business-insights Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd Read Press Release https://www.fortunebusinessinsights.com/press-release/global-core-banking-software-market-10411
(Bloomberg) -- Gold rose to the highest in more than three months as concerns over the pace of a global recovery crept back in following a flareup in coronavirus cases in parts of Asia.The pandemic is wiping out “entire families” in villages in India, where more people are saying the scale of the crisis is much bigger than official numbers reveal. The World Economic Forum is canceling the annual meeting it was planning to hold this August in Singapore, while cases in Thailand have surged.Investors will turn to the minutes from the Federal Reserve’s April meeting due Wednesday for potential clues to officials’ views on the recovery and how they define “transitory” when it comes to inflation. Fed Vice Chair Richard Clarida said Monday that the weaker-than-expected U.S. jobs report for April showed the economy had not yet reached the threshold to warrant scaling back the central bank’s massive bond purchases. Meanwhile, Fed Bank of Dallas President Robert Kaplan said supply and demand imbalances and base effects will contribute to elevated inflation this year, but he expects price pressures to ease in 2022.Gold’s rebound puts it close to erasing this year’s declines, with recent inflows into bullion-backed exchange-traded funds signaling a boost to investor sentiment. Expectations for further increases in consumer prices could start to bolster demand for gold as a hedge.“It seems inflation fears are finally translating into higher precious metals prices,” said John Feeney, business development manager at Sydney-based bullion dealer Guardian Gold Australia. “ETF investors are starting to swing into net-buyers again, after the recent consolidation, and it makes sense for the metals to play catch up to the recent moves higher in other commodities. We also have a lot of uncertainty with Covid-19 strains and mutations in the Asia-Pacific region that would be leading to safe haven buying.”Spot gold rose as much as 0.4% to $1,873.82 an ounce, the highest since Jan. 29, and was at $1,868.01 by 12:16 p.m. in Singapore. Silver and palladium gained, while platinum steadied. The Bloomberg Dollar Spot Index fell 0.1%.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Tyson Fury will fight Deontay Wilder next, not Anthony Joshua, according to promoter Bob Arum.
i2c Inc., a global leader in digital payments and banking technology, today announced a new partnership with fintech, Zolve which provides immigrants moving to or visiting the United States with the financial services tools they need for their journey.