News That Matters

Tag: cash

China is pumping a lot of cash into its economy to calm investors

China is pumping a lot of cash into its economy to calm investors

Finance
China has been pumping a lot of cash into its system to lift market sentiment, as the world's second-largest economy walks a thin line between curbing debt and keeping everything running smoothly.Last week, the People's Bank of China injected cash totaling 810 billion Chinese yuan ($ 122.4 billion) in five straight days of daily liquidity management operations. Those actions, which represented the largest weekly net increase since January, were in part a Beijing response to its 10-year sovereign bond yields spiking to multiyear highs, experts said."Surging Chinese government bond yields hit the nerve of policymakers, so in order to further prevent a greater surge, they injected liquidity into the system to improve market sentiment," said Ken Cheung, a foreign exchange strategist at Mizuho ...
We want our Brexit cash boost – NHS boss

We want our Brexit cash boost – NHS boss

Health
The health service should get the cash boost it was promised during the EU referendum, the head of the NHS in England is expected to say later.Simon Stevens will use controversial claims used by Vote Leave to put the case for more money in a speech later.With waiting times worsening, he will say trust in politics will be damaged if the NHS does not get more.During the referendum it was claimed £350m a week was sent to the EU and that would be better spent on the NHS.The claim was widely contested at the time and ever since - it did not take into account the rebate the UK had nor the fact the UK benefited from investment from the EU.Some argued it proved highly influential in the referendum result.If you can't see the NHS Tracker, click or tap here. 'Honour the promises'The speech by Mr Ste
Here's How ADP's Acquisition Of Global Cash Card Might Help It Grow Further

Here's How ADP's Acquisition Of Global Cash Card Might Help It Grow Further

Finance
Shutterstock photoADP has recently acquired Global Cash Card , the company offering pay cards and other electronic payment accounts, thereby allowing employers the option to pay their employees with cards instead of paper paychecks or electronic deposits. The pay cards are currently the most rapidly growing form of payment and a significant driver to this growth is the rise of the gig economy (more short-term positions and independent contractors). Pay card transactions allow independent freelancers to consolidate all their income and expenses in a single account. Not only does it help the employees, but also from an employer's standpoint, digital payments are cost effective, more secure, and immediate.Scope Of Growth For Pay CardsThe value of Form 1099 transactions is expected to be some...
PayPal introduces a new cash back credit card

PayPal introduces a new cash back credit card

Finance
5 stunning stats about credit cardsPayPal is hoping to expand its membership by rolling out a new cash-back credit card. The PayPal Cashback Mastercard, which is only available to PayPal members, gives cardholders 2% cash back on every purchase. PayPal's card is notable for the high amount of cash back it offers on purchases across the board. The new card also has no annual cash back limit, no minimum redemption amount, no restriction on how to spend cash rewards and no expiration on rewards. While other cards offer a higher percentage of cash back, it's usually only offered on certain categories of purchases like groceries or airfare and often comes with a cap on spending. Citi's Double Cash card gives you 1% for purchases and 1% when you pay it back, rather than a full 2% all at once a...
Big fall in cash Isa investments

Big fall in cash Isa investments

Business
The amount of money put into cash Individual Savings Accounts (Isas) has fallen by a third year-on-year, as low interest rates and tax changes make them less attractive to savers.In the 2015-16 financial year, cash ISA holders paid £58.7bn into them. But in 2016-17, only £39.2bn of new money went in, according to latest figures issued by HMRC.Since April 2016, savers can make £1,000 a year in tax-free interest, reducing the tax advantage of Isas. Isas have traditionally offered the perk of being exempt from both income and capital gains tax.At the same time, savings in general have been seeing a decline.According to the Office for National Statistics (ONS), the savings rate - the amount that households save out of their income - fell to just 1.7% in the first quarter of 2017, the lowest r