Tag: Global

Buckle Co-founder Joins Panel Discussion on Transforming Insurance Experience at ITC Global

Buckle’s Marty Young joins panel, “Transforming the Insurance Experience for the ‘Made for Me’ Economy,” on Tuesday, October 20, 2020

Marty Young, co-founder and CEO of Buckle, a tech-enabled financial services company, is speaking on the panel, “Transforming the Insurance Experience for the ‘Made for Me’ Economy,” at Insuretech Connect – ITC Global, taking place virtually on Monday, October 19 – Wednesday, October 21, 2020. Marty is joined on the panel by Adam Edelstein, COO at Munich Re Specialty and Ben Noble, VP, Experience at Erie Insurance. The panel will be moderated by James Carlucci, SVP at ValueMomentum. These leaders are actively engaged in transforming how value is delivered to the customer. ITC Global is the largest and most comprehensive gathering of tech entrepreneurs, investors, and insurance industry incumbents from around the world.

WHAT: Buckle Co-Founder and CEO Marty Young Speaking on ITC Global Panel, “Transforming the Insurance Experience for the ‘Made for Me’ Economy”

WHEN: Tuesday, October 20, 2020, 2:55 p.m. – 3:45 p.m. EDT

WHERE: https://insuretechconnect.com

The digital economy is a “made for me” economy, and customers are rewarding providers who understand them well and provide experiences, products, and services tailored to their needs. In this panel discussion, three leaders hone in on the customer needs and the experiences they seek, overcoming cultural challenges of innovation and harnessing technology to transform how value is delivered to the customer.

Marty is a globally recognized financial executive and advisor with over 20 years of financial and operational experience in addressing over 75 special situation investments. As the co-founder of Buckle, an inclusive financial services platform company which is incorporating new technologies and data into insurance and credit products, alongside executing an M+A strategy, he is passionate about creating the USAA of the gig economy. He also serves

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China’s imports, exports surge as global economy reopens

By Gabriel Crossley and Stella Qiu

BEIJING, Oct 13 (Reuters) – China’s imports grew at their fastest pace this year in September, while exports extended their strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world’s second-biggest economy.

Exports in August rose 9.9% from a year earlier, customs data showed on Tuesday, broadly in line with analysts’ expectations for 10% growth and up from a solid 9.5% increase in August.

The strong trade performance suggests Chinese exporters are making a brisk recovery from the coronavirus pandemic’s hit to overseas orders. As the global economy restarts, Chinese firms are rushing to grab market share as their rivals grapple with reduced manufacturing capacity.

China’s factory activity has also picked up as international trading gradually resumes.

But some analysts warn exports could peak soon as demand for Chinese-made protective gear recedes and the base effect of this year’s massive declines wears off.

Imports surged 13.2%, returning to growth from a slump of 2.1% in August and much stronger than expectations for a 0.3% increase.

The country’s trade surplus for September stood at $37 billion, compared with an expected $58.00 billion surplus forecast in the poll and a surplus of $58.93 billion in August.

Already heightened U.S.-China tensions are expected to escalate ahead of the U.S. presidential election. China remains well behind on its pledge to boost purchases of U.S. goods under an agreement that was launched in February.

China’s trade surplus with the United States narrowed to $30.75 billion in September from $34.24 billion in August.

Top U.S. and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal in a phone call in August.

However, U.S. Department of Agriculture Secretary Sonny Perdue cast doubt earlier this month on the likelihood of China meeting

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GLOBAL MARKETS-Asian stocks set to rise as tech, stimulus hopes fuel global rally

By Suzanne Barlyn

NEW YORK, Oct 12 (Reuters) – Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.

Shares in Apple Inc AAPL.O surged 6.4% on Wall Street on Monday ahead of an expected debut of its latest iPhone on Tuesday, helping boost technology stocks, while Amazon AMZN.O rallied 4.8% ahead of its Prime Day shopping event this week.

CommSec Senior Economist Ryan Felsman said a COVID-19 resurgence in Europe and the United States is partly fueling the tech rally.

“Once again, there is a desire to hold the stay-at-home types of technology stocks…which will still generate profits and will be greatly oriented to a more challenging economic environment,” Felsman said.

On Wall Street, the Nasdaq Composite .IXIC on Monday staged its biggest one-day rally in a month, jumping 2.56%. The Dow Jones Industrial Average .DJI rose 0.88% and the S&P 500 .SPX gained 1.64%.

The U.S. dollar was pinned near a three-week low and gold, another safe-haven asset, stayed below a three-week high, slapped by investor demand for risk. The U.S. bond market is closed on Monday for Columbus Day.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.11% higher.

Australian S&P/ASX 200 futures YAPcm1 rose 1.05% in early trading. Hong Kong’s Hang Seng index futures .HSIHSIc1 rose 0.11%.

E-mini futures for the S&P 500 EScv1 rose 0.01%.

The dollar index =USD fell 0.078%, with the euro EUR= unchanged at $1.1813.

The pan-European STOXX 600 index .STOXX rose 0.72% and MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 0.01%.

Bets that more U.S. stimulus was in the offing came despite signs that talks in Washington had stalled again, leading the Trump administration to call

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Asian Stocks Set to Rise as Tech, Stimulus Hopes Fuel Global Rally | Investing News

NEW YORK (Reuters) – Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.

Shares in Apple Inc

surged 6.4% on Wall Street on Monday ahead of an expected debut of its latest iPhone on Tuesday, helping boost technology stocks, while Amazon

rallied 4.8% ahead of its Prime Day shopping event this week.

CommSec Senior Economist Ryan Felsman said a COVID-19 resurgence in Europe and the United States is partly fueling the tech rally.

“Once again, there is a desire to hold the stay-at-home types of technology stocks…which will still generate profits and will be greatly oriented to a more challenging economic environment,” Felsman said.

On Wall Street, the Nasdaq Composite <.IXIC> on Monday staged its biggest one-day rally in a month, jumping 2.56%. The Dow Jones Industrial Average <.DJI> rose 0.88% and the S&P 500 <.SPX> gained 1.64%.

The U.S. dollar was pinned near a three-week low and gold, another safe-haven asset, stayed below a three-week high, slapped by investor demand for risk. The U.S. bond market is closed on Monday for Columbus Day.

MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> closed 0.11% higher.

Australian S&P/ASX 200 futures

rose 1.05% in early trading. Hong Kong’s Hang Seng index futures <.HSI>

rose 0.11%.

E-mini futures for the S&P 500

rose 0.01%.

The dollar index <=USD> fell 0.078%, with the euro

unchanged at $1.1813.
=>

The pan-European STOXX 600 index <.STOXX> rose 0.72% and MSCI’s gauge of stocks across the globe <.MIWD00000PUS> gained 0.01%.

Bets that more U.S. stimulus was in the offing came despite signs that talks in Washington had stalled again, leading the Trump administration to call on Congress to pass a less ambitious coronavirus relief bill.

U.S.

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Global watchdogs agree rules for stablecoins like Facebook’s Libra

By Huw Jones

LONDON, Oct 13 (Reuters) – Central banks set out to regulate cross-border stablecoins like Facebook’s planned Libra with a common approach on Tuesday, saying more rules may later be needed to ensure stability.

The prospect of a currency-backed stablecoin being used by billions of people on Facebook has galvanised central banks into putting together rules and into considering how they could launch their own digital currency.

Existing national rules do not fully cover stablecoins the Financial Stability Board (FSB) said in a statement, adding that regulators should ensure that global stablecoins are fully accountable, keep data safely, have effective safeguards against cyber attacks and money laundering.

The FSB said it will take “appropriate actions” to ensure implementation of the guidance to avoid regulatory gaps that could undermine financial stability, by adhering to all applicable regulatory standards, addressing risks to financial stability before commencing operation, and adapting to new regulatory requirements as necessary.

The FSB, which groups central banks and financial regulators from the Group of 20 Economies (G20) and put a draft version of its recommendations to public consultation in April, said stablecoins could bring efficiencies to cross-border retail payments, which tend to be slow and expensive.

“A widely adopted stablecoin with a potential reach and use across multiple jurisdictions could become systemically important,” the FSB said in a report to G20 finance ministers.

“Authorities agree on the need to apply supervisory and oversight capabilities and practices under the ‘same business, same risk, same rules’ principle,” it said.

Regulators for bank capital and anti-money laundering will report by December 2021 on whether rule changes are needed. A review of how stablecoins are being regulated will be completed by July 2023, the FSB added.

(Reporting by Huw Jones; Editing by Alexander Smith)

(([email protected]; +44 207 542 3326;

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