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.
Analysis: Lack of vaccination passport, testing threaten Japan’s reopening
Japan’s lack of a vaccination passport and limited testing capacity is threatening ambitions to reopen the economy at a crucial year-end period when restaurants earn up to a half of their annual revenue and travel agencies are at their busiest.
COVID-19 cases are declining in Sydney as restrictions in virus hotspots are relaxed!
The Australian state of New South Wales (NSW) confirmed the minimum daily increase in COVID 19 case scenarios in more than three weeks on Monday, following the relaxation of certain lockdown restrictions in Sydney, the state capital, allowing for higher vaccination levels. The Premier of New South Wales, Gladys Berejiklian, announced that 935 new cases had been discovered in the state, the lowest daily total since August 27 and down from 1,083 on Sunday. Four more people have died, according to the state. Berejiklian told reporters in Sydney that they’re feeling more hopeful than they […]
Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger
Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger.
Australia business conditions show promising improvement in August-survey
A measure of Australian business conditions showed a welcome improvement in August as sales and profits weather coronavirus lockdowns in parts of the country, offering hope of a speedy recovery once restrictions ease.
Surging COVID-19 cases dampen U.S. consumer confidence, house prices post record gains
U.S. consumer confidence fell to a six-month low in August as worries about soaring COVID-19 infections and higher inflation dimmed the outlook for the economy.
BHP considers making COVID vaccinations mandatory at Australian sites
Global miner BHP Group (BHP.AX) is mulling whether to make vaccinations for COVID-19 mandatory at its workplaces in Australia as the country’s east battles ballooning virus cases.
Wall St extends rally, pushing S&P 500 to 50th all-time high close this year
Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA’s full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.
Analysis: Canada city condo rebound has further to go, fueled by rental demand
Condominium markets in some of Canada’s biggest cities have rebounded strongly this year, and agents and analysts say the market could once again return to pre-pandemic red-hot conditions as rental demand surges and inventories evaporate.
