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Amazon’s Prime Ambition: ParcelHero Industry Report

3rd May 2016
International e-delivery experts ParcelHero says Amazon’s quarterly profit shows Amazon’s “Jam tomorrow” transport plans have come good As Amazon reported healthy earnings of $1.07 per share in its Q1 report, the international e-commerce delivery specialist ParcelHero says that the company’s massive investment in its revolutionary logistics plans has paid off. Explains ParcelHero’s Head of Public Relations, […]
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US Federal Reserve Holds Interest Rates

2nd May 2016
The US Federal Reserve has decided to keep interest rates between 0.25% and 0.5%, the same rate since December 2015. They said that the central bank will wait for inflation to reach 2% before making any further changes. In a statement they said, “Information received since the Federal Open Market Committee met in January suggests […]
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Nikkei falls and yen surges as Japan holds interest rates

29th April 2016
The Bank of Japan has decided against any extra monetary easing following a share fall and a surge on the yen. Despite coming under pressure to take further action, the Bank has decided to keep interest rates as is and not take them further into negative territory. For years now Japan has been trying to […]
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BP shareholders reject Chief’s £14 million pay package

28th April 2016
BP’s shareholders have voted to reject a pay package of £14 million for CEO Bob Dudley at the company’s annual general meeting. 59% of investors rejected the 20% pay increase which is one of the largest rejections in recent times of a corporate pay deal in the UK. Mr Dudley was due to receive the […]
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Reforms to Accelerate the Delivery of India’s Smart Cities

26th April 2016
The Government of India recently announced that 20 cities will receive funding for the implementation of urban development projects in a quest to become “smart”. The private sector will play a pivotal role in implementing urban development projects in India. In this context, the World Economic Forum has launched a new report that recommends reforms […]
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Banks, Start-Ups, Regulators Urge Common Response to Fintech

25th April 2016
For the first time, senior finance executives, start-ups and policy-makers agreed on actions to minimize risk and capitalize on opportunities created by technology-enabled innovation (commonly referred to as “fintech”). In a joint articulation prepared by the World Economic Forum, they propose four recommendations for the private sector and financial supervisors aimed at safeguarding financial stability […]
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Obama encourages Britain to stay in the EU

22nd April 2016
Ahead of a 4 day visit to Europe that started 22nd April, President Obama called on the British people to not vote to leave the European Union in an article published in The Telegraph. The United States would prefer for Britain to remain a full member of the European Union – President Obama notes similar […]
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Argentina returns to the global bond market for the first time since 2001

20th April 2016
Argentina, Latin America’s third biggest economy, has now ended 15 years of financial isolation and has received orders of $67 billion for a sovereign bond issue totalling $15 billion. This is one of the largest ever order books seen for an emerging markets bond, exceeding the $50 billion book for Brazilian oil firm Petrobras’ debt […]
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Citigroup quarterly profits fall 27%

19th April 2016
US bank Citigroup has reported a 27% fall in first quarter profits compared with last year. In comparison, J.P. Morgan Chase & Co. reported an 11% decline in its trading business during the first quarter, while Bank of America posted a 16% drop. The bank, which has subsequently set aside more money to cover losses […]
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Lease accounting changes: know your next move

18th April 2016
Daniel Miller, Director - Corporate Capital Markets, JLL In January 2016 the International Accounting Standards Board (IASB) issued its definitive guide to the new lease accounting standards which all companies reporting under the IASB need to comply with by 2019. Though they have been on the cards since 2006, many businesses are still underprepared for […]
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US Slowing Down Western Investment in Iran

15th April 2016
Earlier this year Iran’s President Hassan Rouhani signed $56 billion worth of deals on aircrafts, rail lines, and airport terminals amongst others in a trip to Europe to commemorate the end of Western sanctions on Iran. Last year the US, European Union and United Nations signed a nuclear deal with Iran which allows the country […]
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Tesco shares fall 5% despite reporting better domestic sales performance

14th April 2016
Despite producing a pre-tax profit of £162 million compared to last year’s biggest ever loss recorded on the UK high street, Tesco share prices have fallen after its boss expressed caution on the supermarket’s ability to further grow profits. Last year Tesco experienced £6.4 billion in losses following large writedowns on its stock and property […]
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