How Flipkart's PhonePe plans to become a major financial services player – Economic Times

How Flipkart's PhonePe plans to become a major financial services player – Economic Times

Flipkart, founded in 2007, redefined India’s internet commerce industry in a decade. It developed the cash-on-delivery model and made its own billion-dollar logistics unit in an economy rife with a fractured logistics system. After building a business up from scratch, the ecommerce company stirred up the market further in 2018 when Walmart acquired it for […]

Elizabeth Warren calls student loan appointment 'an outrageous slap in the face' – Yahoo Finance

Elizabeth Warren calls student loan appointment 'an outrageous slap in the face' – Yahoo Finance

The Consumer Financial Protection Bureau (CFPB) appointed a student loan ombudsman nearly a year the previous official resigned, and Sen. Elizabeth Warren (D-MA) is not happy with the agency’s replacement. The presidential hopeful sent letters to the CFPB Director Kathy Kraninger, Treasury Secretary Steven Mnuchin, and new CFPB Student Loan Ombudsman Appointee Robert Cameron calling “the […]

German finance minister backs plans for wealth tax – Handelsblatt – Euronews

German finance minister backs plans for wealth tax – Handelsblatt – Euronews

FRANKFURT (Reuters) – German Finance Minister Olaf Scholz is backing plans for a wealth tax his Social Democrats (SPD) plan to introduce, the online edition of business daily Handelsblatt reported on Sunday. Leading members of the SPD, junior partners in the ruling coalition, will meet on Monday to discuss plans to reintroduce the tax, which […]

German finance minister backs plans for wealth tax – Handelsblatt – Reuters UK

German finance minister backs plans for wealth tax – Handelsblatt – Reuters UK

FILE PHOTO: German Finance Minister Olaf Scholz attends a news conference on his bid to lead the centre-left SPD party in Berlin, Germany, August 21, 2019. REUTERS/Axel Schmidt FRANKFURT (Reuters) – German Finance Minister Olaf Scholz is backing plans for a wealth tax his Social Democrats (SPD) plan to introduce, the online edition of business […]

German finance minister backs plans for wealth tax: Handelsblatt – WTVB News

German finance minister backs plans for wealth tax: Handelsblatt – WTVB News

Saturday, August 24, 2019 3:21 p.m. EDT FRANKFURT (Reuters) – German Finance Minister Olaf Scholz is backing plans for a wealth tax his Social Democrats (SPD) plan to introduce, the online edition of business daily Handelsblatt reported on Sunday. Leading members of the SPD, junior partners in the ruling coalition, will meet on Monday to […]

A Nightmare Scenario For Global Financial Markets – Forbes

A Nightmare Scenario For Global Financial Markets – Forbes

. Photographer: Andrew Harrer/Bloomberg © 2019 Bloomberg Finance LP Global financial markets could face a nightmare scenario one day: the burst of multiple bubbles, fueled by years of easy money around the globe. That’s what happened back in 2008-9. US stocks dropped 37%, German stocks 42%, and Chinese stocks 62%; commodities dropped 37 percent (with […]

Fed wields strong influence on global financial conditions: research – Reuters

Fed wields strong influence on global financial conditions: research – Reuters

JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve’s influence on economic conditions beyond U.S. borders may be bigger than it thinks, according to research that will be presented at the central bank’s conference on Saturday. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo/File […]

Fed wields strong influence on global financial conditions -research – Reuters

Fed wields strong influence on global financial conditions -research – Reuters

JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve’s influence on economic conditions beyond U.S. borders may be bigger than it thinks, according to research that will be presented at the central bank’s conference on Saturday. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo/File […]

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