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Banks: Drastic reduction in staff by 2025

 “Automation tipping point” will reduce 30%  in staff during 2015-2025

Banks are quickly approaching their “automation tipping point,” and they could soon reduce headcount by as much as 30%. That’s according to a new Citi Global Perspectives & Solutions (GPS) report on how financial technology is disrupting banks.

http:/  Thu., 31  March 2016. 

Fed Still Plans to Raise Interest Carefully

FED: economics readings mixed

Janet L. Yellen, the Federal Reserve chairwoman, said on Tuesday that the United States economy remained on track despite a rough start to the year because the drag from weak growth in other countries was being offset by lower borrowing costs. Ms. Yellen told the Economic Club of New York that the economy “had proven remarkably resilient,” and that the Fed expected better days ahead. She said the Fed still intended to pursue a careful, patient course toward higher interest rates as the economy improved.

http:/  Wed., 30  March 2016. 

Samsung follows Apple into Chinese mobile payment market

Samsung Pay is now available in China with China Union Pay

Samsung Electronics and China UnionPay (CUP) announced the launch of Samsung Pay in China. A simple, safe and easy-to-use mobile payment service, Samsung Pay works virtually anywhere you can swipe or tap your card in China. Samsung Pay will enable users to safely manage and use their debit and credit cards on eligible Samsung mobile phones with CUP.
http:/  Tue., 29  March 2016. 

California: Deal to increase minimum wage to $15 an hour

California Minimum Wage Hike Nearly Complete

California legislators and labor unions have reached an agreement that will take the state’s minimum wage from $10 to $15 an hour.

http:/  Tue., 29  March 2016. 

Buy emerging markets on the cheap

Mexico, Russia and India markets aren’t deteriorating

Fundamentals for emerging markets aren’t deteriorating, and they’ve got momentum, says CIO Jack Ablin of BMO Private Bank. He likes Mexico, Russia, and India. Fred Katayama reports.

http:/  Mon., 28  March 2016. 

List of countries by credit rating

The Top 5: Switzerland, Luxembourg, Denmark, Netherlands, Sweden

This is a list of countries by credit rating, showing long-term foreign currency credit ratings for sovereign bonds as reported by the three major credit rating agenciesStandard & Poor’sFitch, and Moody’s

http:/  Mon., 28  March 2016. 

Maps for global investors

Bank of America: These Five Maps Show the Major Global Trends Investors Need to Know

In its Transforming World Atlas, Bank of America Merrill Lynch uses a collection of maps to demonstrate how the world is changing in unexpected ways—and how these trends will shape investment returns for decades to come. Candace Browning, head of global research, referred to data from one of the Atlas maps—showing that China’s share of world Internet usage is more than double that of the U.S.—on Bloomberg Surveillance this morning, Aug. 12, in the “Single Best Chart” segment.

http:/  Sat., 26  March 2016. 

The 10 Most Powerful Brands In 2015

Star Wars Sends Disney’s Brand into Hyperdrive

Disney is the world’s most powerful brand, thanks to Star Wars’ record-breaking success.  Despite slowing sales, Apple is the world’s most valuable brand, up 14% to US$145.9 bn.  VW brand value falls by US$12 billion following emissions scandal. 4 of the 10 fastest growing brands are Chinese. Strongest brands’ shares outperform the S&P 500 average

http:/  Fri., 25  March 2016. 

Playboy Enterprises explores sale

Playboy Enterprises hires banker for possible sale

Playboy, the magazine and business enterprise long synonymous with founder Hugh Hefner, may soon begin a new chapter under new management. Chicago-based Playboy Enterprises has retained boutique investment bank Moelis & Co. to advise it on a potential sale that could fetch more than $500 million for the magazine and its bunny-branded licensing assets, according to a person close to the situation who did not want to be named because they were not authorized to speak publicly about the matter.

http:/  Fri., 25  March 2016. 

IPOs in 2016

Global IPOs at 7-year low

The number of companies testing the waters of stock market flotation hit a seven-year low in the first three months of this year, according to EY – as a raft of economic and political concerns weighed on the market.

http:/  Thu., 24  March 2016.