Articles Posted by Jake M.

Canadian dollar hits 6-day high as retail sales beat estimates

by on September 23, 2021 0

Canadian retail sales fell 0.6% in July, beating expectations of a 1.2% drop, while a preliminary estimate showed a sales rebound of 2.1% in August. Global markets rallied after the US Federal Reserve confirmed its intention to start slowing down stimulus and shares of struggling real estate developer China Evergrande surged ahead of a crucial […]

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Bhutan to pilot digital currency with Ripple technology

by on September 23, 2021 0

Bhutan’s central bank is to use Ripple’s private ledger CBDC to pilot a central bank digital currency. Building on its current payment infrastructure, the Royal Monetary Authority will pilot retail, cross-border and wholesale payment use cases for a phased digital Ngultrum using Ripple’s blockchain technology. “Our collaboration with Ripple is a testament to the potential […]

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Oil bulls test after Fed rebound below 1.2800, US PMI and Canadian retail sales in sight

by on September 22, 2021 0

USD / CAD is struggling to keep the rebound off the week’s low. The Fed’s tapering sparked the latest rally, but bullish pairs appear to be struggling with the details. Growth optimism, news from China favors oil buyers encouraging EIA inventory drawdown. Preliminary US Markit PMIs for September, Canadian retail sales for July will decorate […]

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Starbucks plans global expansion of greener stores focused on sustainability

by on September 22, 2021 0

Starbucks said on Wednesday it will expand its greener store setting by opening the first prototype outside of North America in Shanghai, China. The Shanghai-based Greener Store will open on September 30 and is the first of three experiential locations designed to immerse customers in Starbucks’ “Planet Positive” commitments. The next experiential stores will debut […]

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One-third of all digital retail sales will be made by stores

by on September 22, 2021 0

Almost a third of all digital retail transactions will be done through a physical brick-and-mortar location, as more online orders are connected to stores, according to a new study from Colliers. In 2020, just under 22% of digital sales were made through omnichannel methods. “This continuity has forced retailers to adapt their in-store operations to […]

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South African rand strengthens as Evergrande deal increases risk appetite

by on September 22, 2021 0

People chat outside a reception with an electronic board displaying the movements of major indices in the Johannesburg Stock Exchange building in Sandton Johannesburg, March 14, 2016. REUTERS / Siphiwe Sibeko / File Photo JOHANNESBURG, Sept.22 (Reuters) – The South African rand strengthened on Wednesday as risk appetite improved after the China Evergrande group (3333.HK) […]

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