Monday, March 27News That Matters
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Tag: Dollar

Feb32021 by adminNo Comments

Alibaba looking to raise up to $5 billion in U.S. dollar bond issuance after earnings beat

Finance
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015.Brendan McDermid | ReutersGUANGZHOU, China — Alibaba is looking to raise up to $ 5 billion via U.S. dollar-denominated bonds, a person familiar with the matter told CNBC.The Chinese e-commerce giant announced the bond offering on Tuesday, in a statement with very few details. Alibaba plans to sell several tranches of bonds with different maturities up to 40 years, the person said.Alibaba's bond offering comes after it reported December quarter earnings that beat expectations and in which it reported its cloud computing division turned profitable for the first time.The debt issuance will be a test of investor appetite for Alibaba. The company is facing an anti-monopoly probe and ...
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Sep222020 by adminNo Comments

Dollar will lose recent strength and test Feb. 2018 lows, top currency strategist Win Thin predicts

Finance
While the stock market continues to struggle, the dollar is kicking off the week around six-week highs. However, Brown Brothers Harriman's Win Thin warns the greenback won't stay there because the backdrop supports another leg lower.He expects the U.S. Dollar Index  to test Feb. 2018 lows — which would be around the "88 and change" level. The move would imply about a 5% decline from current levels."Since the pandemic really intensified in March, we've seen the dollar gain from bouts of risk-off. But really, those gains have not been long lasting," the firm's global head of global currency strategist told CNBC's "Trading Nation" on Monday. "The headwinds are building on the dollar and the U.S. economy. So, I think the recovery maybe gets pushed out into early 2021."...
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Feb142019 by adminNo Comments
3 retiree havens where you can stretch your dollar the most

3 retiree havens where you can stretch your dollar the most

Finance
As you're scouting your dream retirement locale abroad, don't forget to ask about those senior discounts. Retiree discount programs are available, for example, in a number of Central and South American countries. These programs offer senior citizens a range of perks, including affordable health care, reduced costs on travel and lower taxes. There's a catch of course: Countries that offer these senior programs have requirements that applicants must meet in order to qualify. Generally, this means you may have to be a property owner or legal resident of ...
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Feb82019 by adminNo Comments
Banks in Europe struggle to find talent with US rivals paying top dollar

Banks in Europe struggle to find talent with US rivals paying top dollar

Finance
European banks are finding it hard to recruit the right people due to new regulations and intense competition from some of their U.S. peers, industry insiders have told CNBC. "It is a vicious circle, isn't it?" said a senior executive at a European bank told CNBC who preferred to remain anonymous due to the sensitive nature of the topic. "You want to hire the right talent because you can see the business is suffering, but you don't get approvals for the headcount and when you finally do, you aren't able to match the salaries," they told CNBC. Pay in t...
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