GLOBAL & REGIONAL DAILY (Monday 25 January, 2021)

GLOBAL & REGIONAL DAILY (Monday 25 January, 2021)

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GLOBAL & REGIONAL DAILY

January 25 2021

Global Markets

Risk-on sentiment prevailed in the majority of global equity markets earlier today, as optimism that Biden Administration’s $1.9trn stimulus proposal would help revive the US economy offset concerns that the virus impact would probably last longer than expected amid delays in vaccine supplies and Covid-19 mutations from various parts of the world. Focus this week is on the FOMC policy meeting...

https://allaboutshipping.co.uk/2021/01/25/global-regional-daily-monday-25-january-2021/

Lack of trust opens door for cryptocurrencies, Innovation in the financial sector: Navigating the digital transformation

Lack of trust opens door for cryptocurrencies, Innovation in the financial sector: Navigating the digital transformation

Monday 25 January 2021 – Vol.12 Ed.4.1

Commentary: Lack of trust opens door for cryptocurrencies

By Steve Hanke in Baltimore

Few central banks have been able to implement policies that have garnered much trust. There are exceptions, but not many. This brings us to the rise of cryptocurrencies. Lack of trust in central banks and national currencies set the stage for the arrival of...

https://allaboutshipping.co.uk/2021/01/25/lack-of-trust-opens-door-for-cryptocurrencies-innovation-in-the-financial-sector-navigating-the-digital-transformation/

What a mess: Triumph details problems with big factoring client acquired from Covenant

The Triumph Bancorp acquisition of the TFS factoring division of Covenant Logistics earlier this year was delayed once because of disputes, but since the transaction was completed for roughly $105 million, it has become a headache for the acquirers.

While Triumph laid out some of the problems in the sale in a clinical way when releasing its fourth-quarter 2020 earnings late Thursday, it was on the earnings call with analysts a day later that CEO Aaron Graft could spell out in detail the problems...

https://www.freightwaves.com/news/what-a-mess-triumph-details-problems-with-big-factoring-client-acquired-from-covenant

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