Global Economy

Australia’s Westpac flags $950 mln profit hit, led by institutional banking

SYDNEY, Oct 12 (Reuters) - Australia's Westpac Banking Corp (WBC.AX) said on Tuesday it will take a one-off charge of $956 million…

4 years ago

The real estate market appears to be shaky as a result of China’s Evergrande crisis!

The Evergrande Real Estate Group is regarded as one of China's largest property developers. On the Fortune Global 500, it…

4 years ago

European business growth hurt by supply issues, pricing in Sept -PMIs

LONDON, Oct 5 (Reuters) - Business growth across Europe remained strong last month but elevated inflationary pressures put a dent…

4 years ago

The UK is coping with rising inflation!

Public borrowing in the UK was almost a fifth lower last month than a year earlier when the economy was…

4 years ago

Analysis: How the delta variant affects the global economy!

When the entire world was attempting to resume its journey toward a more economically sound environment following the Covid-19 outbreak,…

4 years ago

Central bank digital currencies can slash cross border payment time – BIS

HONG KONG, Sept 28 (Reuters) - Central bank digital currencies (CBDCs) can slash the time needed for cross border payments…

4 years ago

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…

4 years ago

The relaxation of COVID restrictions resulted in a 4.8 percent increase in the US economy!

Following the loosening of Covid 19 limitations, the UK economy appears to be on the upswing. According to data from…

4 years ago

Five9 investors may do Zoom a favor

NEW YORK, Sept 22 (Reuters Breakingviews) - Zoom Video Communications’ (ZM.O) acquisition of Five9 (FIVN.O) is unraveling. Washington watchdogs are probing the transaction and Five9 investors…

4 years ago

China’s cooling measures have slowed the growth of new home prices and property investment!

China has taken various initiatives to cool its real estate market, with new home prices rising at their slowest pace…

4 years ago