Japan’s Q3 growth forecast cut as new pandemic curbs hit: Reuters poll
Japan’s economy will grow at a slower pace than initially expected in the third quarter, as fresh coronavirus emergency curbs in Tokyo, extending through the Olympic Games, weigh on consumption, a Reuters poll found.
St. Modwen accepts Blackstone’s raised $1.75 bln take-private offer
Housebuilder and logistics firm St. Modwen Properties (SMP.L) said on Thursday it has agreed to a sweetened 1.25 billion pounds ($1.75 billion) offer from U.S. private equity firm Blackstone (BX.N) to take it private.
Japan to avoid recession, but Q2 growth forecasts cut sharply
Japan’s economy likely grew and avoided slipping into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a Reuters poll showed.
Regus owner’s shares slide as COVID-19 curbs, variants slow recovery
Office space provider IWG (IWG.L) warned on Monday that its 2021 core earnings will be well below last year’s crisis-hit level as continuing curbs in some markets and new COVID-19 variants derail recovery, sending its shares as much as 16% lower.
Sustained workout wear demand drives Lululemon’s upbeat 2021 forecasts
Lululemon Athletica Inc (LULU.O) forecast full-year net revenue and profit above Street estimates on Thursday, anticipating continued demand for its workout wear despite easing COVID-19 restrictions in many of its top markets.
India’s COVID tally passes 25 mln; cyclone complicates efforts in Modi’s state
India total COVID-19 caseload surged past 25 million on Tuesday as a powerful cyclone complicated the health crisis in one of the states where the disease is spreading most quickly. COVID-19 tests were administered to 200,000 people evacuated from coastal districts of the western state of Gujarat before the cyclone struck late on Monday and […]
Three steps to stop the health crisis turning into the biggest emerging market debt crisis
The servicing and rolling over of the public and private debt of middle-income countries is a major point of COVID-19-induced stress in the global economy.
