Diario actualizado de economía y finanzas - International Journal of Economics & Finance 21 de septiembre de 2020
BOARD OF DIRECTORS SELECTS JANE FRASER TO SUCCEED CORBAT AS CEO
· Jane Fraser is a member of the Board of Dean’s Advisors at Harvard Business School, serves on Stanford University’s Global Advisory Council and is a member of the Council on Foreign Relations. Jane has an M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University. She is married with two children
New York- Citi CEO Michael Corbat today announced that, after 37 years at Citi, including the last eight years as CEO, he plans to retire from Citi and step down from its Board of Directors in February of 2021. The Board of Directors selected Jane Fraser, currently Citi’s President and CEO of Global Consumer Banking, to succeed him as CEO in February, and she has been elected to the Board of Directors, with service beginning immediately. Jane Fraser has been at Citi for 16 years and has been in her current roles since 2019.
NEARLY 3,900 NEW BTMS IN 2020 ONLY
- Statistics also indicate Genesis Coin is the leading Bitcoin ATM manufacturer globally
Recent months have witnessed a surge in the number of Bitcoin ATMs operating worldwide, as one of the most convenient and quickest ways to transfer physical cash into Bitcoin or other cryptocurrencies. According to data presented by AksjeBloggen.com, the total number of Bitcoin ATMs hit 9,680 at the beginning of September, a 167% jump year-on-year. Nearly 3,900 New BTMs in 2020 Only, Bitcoin ATMs, also known as BTMs, enable users with quick access to cryptocurrencies like Bitcoin. Developed countries such as the United States, Canada and the United Kingdom hold the most significant number of BTMs
PHYSICAL BULLION TRUSTS
· The trusts are unique in that they allow you to avoid overpaying for gold or silver
Gold has been a popular investment vehicle for centuries. In fact, the first coins made with gold were minted around 600 BCE. Silver is considerably cheaper than gold and is used in a variety of industrial and medical applications. Both these metals are traditional safe haven assets that become popular in times of market turmoil and economic crisis.
ANALYSIS OF MONEX EUROPE
- The central bank first indicated a 2% inflation target in 2012
The annual Jackson Hole Economic Symposium, hosted by the Federal Reserve Bank of Kansas City, will take place on August 27th-28th and will be held online for the first time in 40 years due to the pandemic. The event, gathering international central bankers, academics and relevant economists from the private sector, will focus on the theme “Navigating the decade ahead: Implications for monetary policy” and will be live streamed to the public. The meeting is typically a platform for significant policy announcements or shifts in the economic outlook, and therefore draws investor´s attention over the summer period. This time around, the Fed Chairman’s speech will hold all of the attention as hints on the long-awaited monetary policy framework review and Fed´s forward guidance are expected.
CHINA IN USA ELECTIONS
· By Xulio Ríos, director of Chinese Policy Observatory of Spain
In recent weeks, we have witnessed a new twist in the escalation of accusations against China by the Trump Administration. As the countdown to the November presidential elections progresses and polls suggest a serious defeat for his appalling management on different fronts, the resulting nerves in the White House have seen it point an accusing finger at Beijing with the clear aim of diverting attention from domestic failings.