Economy

Afterpay loss widens on higher marketing spend to tap new markets

Afterpay Ltd (APT.AX) said on Wednesday its annual marketing costs more than doubled as it entered new markets to tap a pandemic-driven boom in buy now, pay later (BNPL) services, widening the Australian company’s loss ahead of Square’s buyout.

Oil steadies near $71 after two-day rally

Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was set to resume crude production following a major outage.

Goldman Sachs raises odds on U.S. Fed taper announcement in Nov

Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds purchases in November, predicting the central bank will likely opt to dial back purchases by $15 billion then and at meetings that follow.

eCom Scotland engages in Partnership deals

In a move that expands its global reach, the digital learning and assessment specialist, eCom Scotland, has signed partnership deals with re-sellers in Canada, Iceland and South Africa.

Global dividends to near pre-pandemic levels in 2021 -report

Global dividends are forecast to rise to $1.39 trillion this year, up slightly from a previous estimate to reflect a stronger than expected recovery in the company payouts, Janus Henderson said in a report published on Monday.

Synopsys design software uses AI to make chips more power efficient

Synopsys Inc (SNPS.O) said on Monday one of its customers used artificial intelligence software to get a 26% gain in the power efficiency of a computer chip, a leap that usually has to wait for a new generation of chip manufacturing technology.

Japan’s private-sector activity hit by COVID-19 surge – PMI

TOKYO, Aug 23 (Reuters) – Japan’s factory activity growth slowed in August, while that of the services sector shrank at the fastest pace since May last year, highlighting the increasingly heavy toll a recent wave of COVID-19 infections is taking on the economy.

Afterpay loss widens on higher marketing spend to tap new markets

Afterpay Ltd (APT.AX) said on Wednesday its annual marketing costs more than doubled as it entered new markets to tap a pandemic-driven boom in buy now, pay later (BNPL) services, widening the Australian company’s loss ahead of Square’s buyout.

Oil steadies near $71 after two-day rally

Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was set to resume crude production following a major outage.

Goldman Sachs raises odds on U.S. Fed taper announcement in Nov

Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds purchases in November, predicting the central bank will likely opt to dial back purchases by $15 billion then and at meetings that follow.

eCom Scotland engages in Partnership deals

In a move that expands its global reach, the digital learning and assessment specialist, eCom Scotland, has signed partnership deals with re-sellers in Canada, Iceland and South Africa.

Global dividends to near pre-pandemic levels in 2021 -report

Global dividends are forecast to rise to $1.39 trillion this year, up slightly from a previous estimate to reflect a stronger than expected recovery in the company payouts, Janus Henderson said in a report published on Monday.

Synopsys design software uses AI to make chips more power efficient

Synopsys Inc (SNPS.O) said on Monday one of its customers used artificial intelligence software to get a 26% gain in the power efficiency of a computer chip, a leap that usually has to wait for a new generation of chip manufacturing technology.

Japan’s private-sector activity hit by COVID-19 surge – PMI

TOKYO, Aug 23 (Reuters) – Japan’s factory activity growth slowed in August, while that of the services sector shrank at the fastest pace since May last year, highlighting the increasingly heavy toll a recent wave of COVID-19 infections is taking on the economy.

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