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 […]
Credit markets will withstand Evergrande shocks
LONDON, Sept 23 (Reuters Breakingviews) – Is China Evergrande (3333. HK) another Lehman Brothers moment? Not at all, according to the $40 trillion global corporate debt market. International credit investors have good reasons to be so nonchalant about the potential ripple effects of problems at the Chinese property behemoth with a $300 billion debt pile. Granted, Evergrande’s […]
To combat food shortages, Sri Lanka targets hoarders and bad traders!
Covid 19 has put the entire world in a difficult situation. People are fighting to survive not only the infection but also in a variety of ways. As a result of the lockdown, people are facing joblessness, food scarcity, and a lack of essential products. Services for export and import have also been halted for […]
Zoom’s shares Showing a Declining Trend!
Zoom (ZM.O) shares slid more than 11% in premarket trading on Tuesday, after the video conferencing company reported a faster-than-expected drop in demand and analysts questioned the company’s long-term plans as people return to work. Zoom is a communications technology company based in San Jose, California. Zoom’s assertive profitability, as well as its software’s ease-of-use […]
Zoom’s tepid growth forecast takes shine off billion-dollar quarter
Zoom Video Communications Inc (ZM.O) posted its first billion-dollar revenue quarter but signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom, sending its shares tumbling 11%.
BBK Supporting COVID-19 Response Initiatives with Its specific task force!
BBK, a retail and commercial banking firm is working to provide its customers with cutting-edge technological solutions to improve their banking experience. BBK has already been offering Brighter banking perceptions to retail and corporate banking customers since 1971. BBK is a financial industry innovator, assisting in the development of innovative solutions that improve the user […]
Global dividends to near pre-pandemic levels in 2021 -report
Global dividends are forecast to rise to $1.39 trillion this year, up slightly from a previous estimate to reflect a stronger than expected recovery in the company payouts, Janus Henderson said in a report published on Monday.
Germany is considering selling up to a quarter of its Lufthansa stock
The German finance ministry said on Monday that it expects to sell up to a quarter of its 20% interest in Lufthansa (LHAG.DE) in the next weeks, noting favorable progress at the bailed-out airline. Following the announcement, Lufthansa shares fell as much as 4.9 % to 8.81 euros in early trading. The state bought a […]
Australia’s NAB posts 10.3% rise in cash profit, upbeat on outlook
National Australia Bank Ltd (NAB.AX), the country’s No. 3 lender, said on Thursday its third-quarter cash profit rose 10.3% as it was able to move funds set aside for potential COVID-19 losses back into profit.
Oil rises on Mideast tensions but virus concerns weigh
Oil prices rose towards $71 a barrel on Thursday on rising Middle East tensions, while fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases threatened the demand recovery.
