VB EVENT: Olay, the popular skin care brand, started using AI to make recommendations to its millions of users almost two years ago, and says it has doubled the company’s sales conversion rate overall. It’s just the latest retail company that has turned to AI to boost its engagement with users to increase its top line. The […]
KUALA LUMPUR (Dec 13): The FBM KLCI's earnings are projected to grow by 4% in 2019 underpinned by a growth of 4.5% in gross domestic product, said AmInvestment Bank Research.
Based on the projected earnings, the FBM KLCI is forecast to reach 1,820 points by end of 2019, it wrote in a strategy note today.
"We believe the key catalyst to the local equity market in 2019 will be the return of global investors to the emerging markets, on a growing consensus that the US rate hike cycle and hence the US dollar upcycle are tapering off," it said.
FRANKFURT (Dec 13): The European Central Bank will formally end its 2.6 trillion euro money-printing scheme — known as quantitative easing, or QE — on Thursday but stimulus will continue for years and the central bank may even look at further measures of support.
The following explains what is left in store for the ECB.
The ECB’s deposit rate is -0.4 percent and policymakers have pledged to keep it unchanged at least until late next year.