Finance News

Inditex Reports Slowing Sales Growth, Missing Market Expectations

Zara’s parent company continues to underwhelm investors for a second consecutive quarter. Sales Growth Falls Short Spanish fashion giant Inditex, the owner of Zara, reported a continued slowdown in sales growth for the most recent quarter, falling short of market expectations. Revenue rose just 1.5% year-on-year, a figure that disappointed analysts. After adjusting for currency […]

US and Switzerland End Deadlock Over Client Investment Data Sharing

New agreement lifts ban on approving Swiss investment advisers operating in the United States. A Breakthrough in Financial Transparency The United States and Switzerland have resolved a years-long impasse concerning the sharing of client investment data — a significant move that allows Washington greater oversight of assets held in the European banking hub. This agreement […]

Gold to Surpass Euro as Global Reserve Asset in 2024, Says ECB

Gold is set to overtake the euro as the world’s second most important reserve asset, following a surge in central bank demand and record-high prices, according to a report by the European Central Bank (ECB) released Wednesday. Gold Now Second Only to the U.S. Dollar ECB data shows that gold accounted for 20% of official […]

U.S. Inflation Rises Less Than Expected to 2.4% in May Amid Trade War Pressures

U.S. inflation rose less than expected in May, offering a brief respite to consumers and policymakers ahead of next week’s Federal Reserve meeting. However, trade tensions continue to pose risks to future price stability. Inflation Slows Despite Trade Pressures According to data released on Wednesday, the U.S. Consumer Price Index (CPI) increased by 2.4% year-on-year […]

Why We Should Be Worried About the Rise of Stablecoins

Stablecoins – digital currencies pegged to real-world assets like the U.S. dollar – are gradually breaking out of the crypto world and stepping into the global financial system. Their rapid rise is increasingly raising concerns about financial stability – concerns that regulators can no longer ignore. Stablecoins: From the virtual world to real-world risks Until […]

Britons Penalised for Lack of Financial Awareness on Pension Fees

New data highlights a concerning trend among UK savers who are unknowingly losing out on better financial returns due to a lack of understanding of pension fees and general investment costs. Majority of Savers Unaware of Pension Charges More than 80% of UK savers are unaware of how much they are paying in pension fees, […]