Marketwatch 189 | CYS GLOBAL REMIT

WEEKLY NEWS | 13 MARCH 2023 | 189

THE MARKET WATCH

CYS Management Associate Preparation Program is designed to nurture the young graduates to become future leaders in the banking and financial service industry. Over a period of 24 months, the Management Associates will undergo an accelerated preparation program to fast-

Special Feature News

CYS Management Associate Program

track their work their work experience in the cross-border payment (Banking and FinTech) industry. This is where they will learn and appreciate different aspects of this part of the financial service industry, a core part of the banking business.

‘Fading recession fears’ boost optimism as services sector bounced back to growth in February

The UK’s service sector bounced back to growth in February as business optimism improved and activity expanded at the fastest pace since June.

The S&P Global/ CIPS UK services PMI survey showed a reading of 53.5 in February, up from 48.7 in January and slightly ahead of market expectations. Any score above 50 is considered growth while a reading below indicates the economy is shrinking.

It marks the first time since August that business activity and Tim Moore, economics director at S&P Global Market Intelligence, which compiles the survey, said: “UK service providers moved back into expansion mode in February as fading recession fears and improving business confidence resulted in the strongest rise in new orders......

Money News

Dollar dips, Powell testimony and jobs data in focus

NEW YORK, March 6 (Reuters) - The greenback slipped against a basket of currencies on Monday as investors waited on testimony by Federal Reserve Chair Jerome Powell and jobs data due later this week for further indications on how much

higher the U.S. central - bank is likely to raise interest rates. Powell’s testimony before Congress on Tuesday and Wednesday and Friday’s jobs data “are going to be the key events this week that really substantiate......

Compliance News

A recent operation by the AFP has exposed how vulnerable Australia is to the underworld practice of money laundering. The AFP alleges an international crime syndicate based in Sydney was involved in laundering $10 billion, which was then used to buy mansions, a luxury CBD building and a large area of land near Sydney’s second airport.

While this criminal ......