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China lowers new benchmark lending rate to boost economy

Future CFO

China lowered its new benchmark lending rate on Wednesday, in an attempt to give a boost to the slowing economy and reduce funding costs. This wasn’t the first time that the one-year LPR was lowered—it has been lowered thrice since it became the official lending benchmark in August. The PBOC injected a net 80 billion yuan ($25.68

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Retail Sales Numbers Predict A Cruel April

PYMNTS

Department of Commerce released its retail sales results for March, showing record-setting declines due to changes in consumer behavior and the COVID-19 lockdown. But in the details, retailers can see the damage done to some sectors and the advantage gained by others. Overall sales fell 8.7 Clothing stores dropped 50.5

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What to watch on jobs day: Upward revisions in employment expected after record two-year job growth

CFO News Room

Along with the latest on payroll employment, unemployment, and wage growth, we will also get the final benchmark revisions for the establishment survey (CES). Preliminary benchmark revisions suggest job growth will be even stronger over the last two years than the 11.2 million previously reported.

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Retailo Raises $2.3M In Seed Round To Boost Financial Inclusion

PYMNTS

The company aims to boost retailers' ability to gather inventory for their stores. The MENAP region has a significant opportunity to increase its economic prosperity by unlocking the productivity delta that exists between the region and global benchmarks," they said in a statement.

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August Retail Sales: Another Blow To Physical Stores

PYMNTS

based retailers slipped more than had been forecast last month. It should be noted that this is one of the last “major” economic reports being released ahead of the Federal Reserve’s meeting next week and may presage a continued reticence to raise benchmark interest rates (and risk choking off consumer spending even more).

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How to mitigate insolvency risk

Future CFO

This is part of the economic climate in which they operate and can impact customer insolvency. Review the credit terms you extend to customers and suppliers, and benchmark your trade terms against the rest of your industry. Think of the retail shift to online when Covid-19 shut down bricks and mortar establishments overnight.

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US Created 273K Jobs in Feb. Despite Coronavirus Fears

PYMNTS

“Word that 273,000 jobs were added indicates that the job market was in a good place in mid-February, with many employers managing to forge ahead despite worker shortages in some sectors and regions,” said Mark Hamrick, senior economic analyst for Bankrate.com. for retail workers, up slightly from $20.09 The benchmark 10-year U.S.