World Bank revises up 2021 GDP forecast for Western Balkans to 5.9%
SARAJEVO, Oct 21 (Reuters) – The World Bank on Thursday revised up its forecast for the economic growth of six countries of the Western Balkans to 5.9% in 2021 after a 3.1% contraction in 2020 due to the COVID-19 pandemic, but cautioned that recovery remains fragile. In its regular six-month report on the region, the […]
Analysis: Vaccinated Singapore shows zero-COVID countries cost of reopening
Few are left to inoculate in wealthy Singapore after a vigorous campaign achieved a level of coverage envied by many nations battling the coronavirus pandemic, but a record surge in deaths and infections gives warning of risks that may still lie ahead.
AmEx profit beats as pandemic curbs ease, aiding spending recovery
American Express Co (AXP.N) on Friday reported a higher profit that topped Wall Street estimates for the fourth straight quarter, underpinning a recovery in spending from consumers emboldened by an easing of COVID-19 restrictions.
Analysis: U.S. company results in industrial, materials sectors could shed light on inflation woes
Corporate results in the industrial and materials sectors could offer a snapshot of how companies in a key swath of the U.S. economy are dealing with surging inflation, supply chain bottlenecks and higher commodity prices.
World Bank revises up 2021 GDP forecast for Western Balkans to 5.9%
The World Bank on Thursday revised up its forecast for the economic growth of six countries of the Western Balkans to 5.9% in 2021 after a 3.1% contraction in 2020 due to the COVID-19 pandemic, but cautioned that recovery remains fragile.
Swedbank profit tops forecast as commission income hits record
Swedish bank Swedbank (SWEDa.ST) on Thursday reported better-than-expected net profit for the third quarter on the back of continued strong growth for mortgages and record commission income.
Analysis: China’s silence on yuan’s swift gains keeps markets buzzing
As China’s yuan climbs rapidly to its strongest levels in six years against the currencies of the country’s trading partners, a notable absence of concern and intervention by the authorities is unnerving investors.
EXCLUSIVE EQT seeks 4 bln euros for Polman-advised impact-driven fund
LONDON, Oct 20 (Reuters) – Swedish private equity firm EQT (EQTAB.ST) is looking to raise 4 billion euros ($4.6 billion) for a fund aiming to create a positive environmental and social impact at its portfolio companies through longer-term investments. The fund, EQT Future, will invest in “mature companies with market-shaping impact potential” through safeguarding the planet’s resources […]
Marketmind: Margin pressures
Margin pressures for companies and higher prices for shoppers: That’s the message so far from the earnings season.
Wage dispute deepens at German public banks as inflation fears persist
A labour dispute at Germany’s public-sector banks deepened on Wednesday after a third round of talks failed to reach agreement, with inflation fears prompting unions to stand firm over demands for higher wages.
