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February 19, 2021
POS loans have become increasingly popular for people strapped for cash during the pandemic. These short-term loans may be beneficial for consumers buying large items. The concept of "buy now, pay later" has long had appeal. Credit cards make it easy. But increasingly, people are choosing alternative point-of-sale (POS) lenders to fill that financial gap. More than 40% of American shoppers have used a buy-now-pay-later plan, according to Credit Karma/Qualtrics. A POS loan is essentially the o...
February 19, 2021
AM Best Affirms Credit Ratings of Abarca - Companhia de Seguros S.A. AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Abarca Companhia de Seguros S.A. (Abarca) (Portugal). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Abarcas balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management. A...
February 18, 2021
AM Best Affirms Credit Ratings of Acerta Compañia de Seguros, S.A. AM Best has affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb-" of Acerta Compañia de Seguros, S.A. (Acerta) (Panama). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Acertas balance sheet strength, which AM Best categorizes as strongest, as well as its marginal operating performance, neutral business profile and marginal enterp...
February 17, 2021
MILWAUKEE (dpa-AFX) - Johnson Controls International plc (JCI) on Wednesday provided details of its multi-year SG&A cost reduction actions designed to further optimize its overall cost structure
February 12, 2021
AM Best Affirms Credit Ratings of Halyk-Life, JSC AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC (Halyk-Life) (Kazakhstan). Halyk-Life is a wholly owned subsidiary of JSC Halyk Bank, a leading retail bank in Kazakhstan. The outlook of these Credit Ratings (ratings) is positive. The ratings reflect Halyk-Lifes balance sheet strength, which AM Bes...
February 11, 2021
By Reuters Staff 2 Min Read (Reuters) - Affirm Holdings Inc on Thursday forecast weaker sales volume for the current quarter, signaling a slowdown in the pandemic-induced boom in online shopping that helped it narrow its loss in its first results as a publicly-traded company. The company said it expects third-quarter gross merchandise volume between $1.80 billion and $1.85 billion, lower than the $2.1 billion it reported for the previous three months, sending its shares down 8.6% after the bell...
February 5, 2021
Gaza Reconstruction Committee affirms Qatar’s continuous support for Palestinians 05 Feb 2021 - 11:14 QNA Chairman of Qatar’s Gaza Reconstruction Committee, H E Ambassador Mohammed Al Emadi affirmed that since the beginning of its work in the field of Gaza reconstruction in 2012, starting with the $407m grant of Father Amir H H Sheikh Hamad bin Khalifa Al Thani, the Committee constituted a turning point in the field of development and reconstruction. He said that the committee supervise...
January 30, 2021
The State of Qatar affirmed its commitment to the unity of the GCC and the restoration of the cohesion of the peoples of the region, and its aspiration to achieve the people’s aspirations for greater solidarity, growth and stability, stressing that it continues to work sincerely towards creating the conditions for it and in the interest sought by its people and the peoples of the region as a whole.
January 29, 2021
THAILAND: Reinforcing close links with Thailand, the US’ oldest ally in Asia, newly appointed Secretary of State Antony Blinken yesterday (Jan 28) made a phone call to Deputy Prime Minister and Fore
January 18, 2021
F|T: The FinTech Times F|T: The FinTech Times – The money experience Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page. RECOMMENDED BY HOCKEYSTICK: “At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund th...