The Finseta Blog

In last week’s article we looked at who the BRICS countries are and why they are considered the world’s most significant upcoming economies.  They all have high levels of productivity, large relatively young populations and are often manufacturing or production powerhouses.  This week we’ll look at these countries’ currencies, how strong/weak they are and any […]

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces the appointment of James Hickman as Chief Executive Officer. James is serving out his notice with his current employer and so his appointment will take effect on 12 September 2022. James has over 19 […]

This week has been considerably quieter economic data front, perhaps a relief given the volume of negative news recently. US inflation figures were released on Wednesday with consumer prices rising 8.5% in July, the rate of increase has been calmed slightly as fuel prices fell. No increase was recorded in CPI between June and July, […]

Way back in November 2001, Goldman Sachs published a report looking at economic development in major growing economies around the world.  It was titled ‘Building Better Global Economic BRICs’ and was written by the then Head of Global Economics Research (and now a member of the House of Lords) Jim O’Neill. The paper emphasised the […]

The key update of the week is that the Bank of England has increased its interest rate by 0.5%, the largest increase since the Bank’s operational independence in 1997.  The rate rise comes on the back of a dismal economic forecast by the BoE that forecasted inflation rates of 13% by the end of the […]

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that, further to its announcement at 6.14 p.m. on 4 August 2022, (the “Launch Announcement“), it has completed the Placing and issue of a new convertible loan note (together the “Fundraising“), […]