Visa Inc. Names Ryan McInerney President

FOSTER CITY, Calif., May 23, 2023 /PRNewswire/ - Visa Inc. (NYSE: V) today announced the appointment of Ryan McInerney as President of Visa Inc. In this role, Mr. McInerney will be responsible for Visa’s global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa’s issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf , CEO of Visa Inc. Continue reading »

Stocks recover on Wall Street after a 2-day plunge

Traders decided that the stock market has suffered enough, at least for now.

After a two-day plunge, stocks ended the week with an advance on Friday, suggesting that Wall Street may be successfully weaned from the Federal Reserve’s easy money after all.

“Saner heads are prevailing,” said Jim Dunigan, chief investment officer at PNC Wealth Management. “People are looking a little deeper into the message from the Fed — the economy is getting better,” he said. “At the end of the day that’s a positive.” Continue reading »

Weak rand boosts export demand to shrink South Africa current account gap

By Stella Mapenzauswa

PRETORIA (Reuters) - Higher global demand for its exports unexpectedly shrank South Africa‘s current account deficit in the first quarter of the year, a trend that could continue if the sharply depreciated rand remains weak.

Consumer inflation for May also slowed more than expected, giving the Reserve Bank more space to keep interest rates at four-decade lows to try to revive flagging growth in Africa’s biggest economy. Continue reading »

British Supreme Court ruling threatens Western sanctions against Iran

By Clare Hutchison

LONDON (Reuters) - Western government sanctions against Iran suffered a big setback on Wednesday when Britain’s top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran’s nuclear programme.

The Bank Mellat case and more than 50 like it pending at the European Union’s two highest courts have clouded the future of EU sanctions and alarmed Washington, which relies on European support to throttle Iran‘s links to the global economy in hopes of getting it to curb its disputed pursuit of nuclear power. Continue reading »

A Commercial Loan Can Help A Business Thrive

When one is in business for himself it often becomes clear that the expenses incurred during the daily operations of the business may be more than the profit the business actually takes in. This may make it necessary to take steps that will help to push the business forward toward financial success while allowing all of the routine expenditures to be met at the same time. So what is one to do when he finds himself in this situation? It may become apparent that he needs assistance from an outside source. Thus, a commercial loan may be just the thing to accomplish this. What is a commercial loan and how can it help? Continue reading »