Indonesia sees Q3 GDP growth at 4.5% y/y, warns of future headwinds
This October 25 story corrected headline and lead paragraph’s Q3 GDP growth projection to 4.5%, not 4.3%, after Finance Ministry issues correction
Asia stocks catch Wall St cheer but China caps gains
Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.
Biden imposes new international travel vaccine rules, lifts existing restrictions
U.S. President Joe Biden on Monday signed an order imposing new vaccine requirements for most foreign national air travelers and lifting severe travel restrictions on China, India and much of Europe effective Nov. 8, the White House said.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
A deal for the Italian government to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI)collapsed on Sunday after the two sides failed to agree terms.
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.
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 […]
