ECB to give banks 70b euros capital relief with extension

BRUSSELS (BLOOMBERG) – The European Central Bank said it will grant lenders about 70 billion euros (S$112 billion) of capital relief by extending a measure designed to help them keep supplying credit to the pandemic-struck economy. The ECB will allow lenders to continue to exclude deposits held at central banks when calculating their leverage ratio for nine months until the […]

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Nielsen now knows when you are streaming

NEW YORK (NYIMES) – Nielsen on Thursday announced that it had moved a step closer toward cracking one of the great questions of the modern entertainment world: How big, exactly, is streaming? In recent years, Netflix, YouTube, Amazon, Hulu, Disney+ and Apple TV have revolutionised the viewing habits of millions of Americans, but the streaming companies have been fiercely protective […]

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Microsoft plans massive China expansion in Asia-wide cloud push

(BLOOMBERG) – Microsoft plans to add four new data centres within China by early 2022 in a wider effort to expand its service capacity across Asia, according to people familiar with its strategy who asked not to be named as its details are not public. Microsoft’s expansion in China is among the fastest for the company on the continent and […]

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Tracksmith to Air First Commercial During Track and Field Olympic Trials

Tracksmith, a performance running brand based in Boston, is using the U.S. Track and Field Trials happening June 18 to 27 as the backdrop for its first television commercial. The commercial will air on NBC June 18 during the network’s live broadcast of the event from Hayward Field in Eugene, Ore., which will determine which athletes will represent the U.S. […]

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Tracksmith to Air First Commercial During Track and Field Olympic Trials

Tracksmith, a performance running brand based in Boston, is using the U.S. Track and Field Trials happening June 18 to 27 as the backdrop for its first television commercial. The commercial will air on NBC June 18 during the network’s live broadcast of the event from Hayward Field in Eugene, Ore., which will determine which athletes will represent the U.S. […]

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China's worse-than-Suez ship delays set to widen trade chaos

(BLOOMBERG) – The global shipping industry, already exhausted by pandemic shocks that are adding to inflation pressures and delivery delays, faces the biggest test of its stamina yet. When one of China’s busiest ports announced it wouldn’t accept new export containers in late-May because of a Covid-19 outbreak, it was supposed to be up and running again in a few […]

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Mattel joins the NFT frenzy with Hot Wheels digital art.

Move over, Nyan Cat. Mattel is the latest creator to jump on the hottest craze in cryptocurrency as it puts its first digital art featuring its Hot Wheels vehicles up for sale. On Tuesday, the toymaker will offer three pieces of digital art in the form of nonfungible tokens, or NFTs, for auction on its Mattel Creations website as part […]

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Tech stocks to drag Wall St lower after Fed's taper talk

FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo(Reuters) – Technology stocks were set to lead Wall Street lower on Thursday after the Federal Reserve signaled it could start tapering its massive stimulus earlier than expected, piling pressure on a sector that is […]

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Australian central bank cancels bond operation as banks report outages

FILE PHOTO: Pedestrians walk past the Reserve Bank of Australia building in central Sydney, Australia, February 10, 2017. REUTERS/Steven SaphoreSYDNEY (Reuters) – The Reserve Bank of Australia (RBA) is cancelling Thursday’s operation to buy long-dated government bonds because of technical difficulties, it said, as reports circulated of internet outages at several commercial banks and major firms. The websites of some […]

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NZ economy surges as housing, retail drive post-COVID recovery

WELLINGTON (Reuters) – New Zealand’s economic growth swept past forecasts in the first quarter on the back of a housing boom and strong retail spending, avoiding a second recession and bringing forward expectations for tighter monetary policy.FILE PHOTO: A sailing boat can be seen in front of the central business district (CBD) of Wellington in New Zealand, July 2, 2017. […]

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