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.
China c.bank increases cash injections to soothe tightening worries
China’s central bank increased short-term fund injections into the financial system on Wedneday, in a bid to soothe market worries over tightening liquidity.
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.
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.
German private sector stays on growth path in August -PMI
Activity in Germany’s manufacturing and services sectors expanded in August, a survey showed on Monday, pointing to recovering employment levels, strong demand and a rosier business outlook even though the pace of growth fell slightly.
Growth in French business activity eased in August -PMI
Growth in French business activity eased in August compared to July, according to initial forecasts in a monthly survey, as problems with supplies of goods and COVID-19 health protocols impacted trade.
Marketmind: Gathering Clouds?
European stocks posted their biggest weekly drop last week since February. A large part of the reason behind the sharp drop is growing concerns over a slowing global economy, as well as increasing fears over rising infection rates and vaccine durability. Investors hoping for a bounce this week from a clutch of “flash” European manufacturing surveys for August out on Monday may be disappointed going by the recent softening trend in U.S. and Chinese PMIs.
