The Finseta Blog

It seems remarkable now to think that the opening up of Asia to Western businesses is a relatively new phenomenon. Until recently many Asian countries were either fully closed or heavily restricted to European and American companies. Free-market economics and capitalist ideas were in many cases outrightly rejected or at best viewed with deep suspicion. […]

The biggest economic news this week came yesterday when the Governor of the Bank of England, Andrew Bailey delivered a speech at the ECB’s conference in Portugal. In his speech, Bailey said: “I think the UK economy is probably weakening rather earlier and somewhat more than others.” He also hinted that interest rates could rise […]

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces its final results for the year ended 31 December 2021. In addition, the Company gives notices of its annual general meeting (“AGM”) and publication of its annual report and accounts, both of which are […]

Finseta plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that Elliott Mannis, Non-Executive Chairman, has today informed the Company that, for personal reasons, he intends to step down from the Board with effect from 31 August 2022. Additionally, Stephen Flynn, an Executive Director and Chief Technology Officer, is […]

The US Dollar is the world’s major reserve currency. It is estimated that over 55% of all currency held in reserve by Central Banks is in USD. Given the strength of the US Dollar, it is unsurprising that some countries actually use the currency of the USA as their own domestic currency. Not including territories […]

The biggest news this week came yesterday when the ONS released data showing that inflation had gone up once again in the UK. It is now sitting at a 40-year high of 9.1%. (The last time inflation was this high, Margaret Thatcher was Prime Minister and Charles and Diana had only recently got married.) The […]