Tag: finance

Concise insights on global finance in the Covid-19 era. ———————————————— INCARCERATION ARBITRAGE. Running prisons for profit raises moral questions. That makes companies like CoreCivic (CXW.N) and GEO (GEO.N) and their financiers fair game for environmental, social and governance activists . Barclays (BARC.L) has discovered that the opprobrium isn’t easily avoided, even when there are a…

Opinion – EconomySupply chain slowdown hits at key pillars of economy and will likely get worse: Dan YerginPublished Thu, Apr 15 20211:49 PM EDTUpdated Thu, Apr 15 20211:50 PM EDTDaniel Yergin@DanielYerginShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsThe pressures on supply chains are increasing and global disruptions are likely…

The Friday Market MinuteGlobal stocks hit a fresh record high after blowout data from China, and yesterday’s stronger-than-expected retail sales and jobs figures from the U.S., cement the case for a surging post-pandemic recovery.China expands at a first quarter clip of 18.3%, the fastest on record, as March retail sales rise more than 30% from…

BEIJING, April 16, 2021 /PRNewswire/ — A news report from investinchina.chinadaily.com.cn: The world’s second-largest economy grew by 2.3 percent in 2020, and it is likely to be the only major economy to have achieved annual growth, according to the National Bureau of Statistics. Breaking through the 11 trillion yuan ( $1.71 trillion) threshold, Guangdong has…

Staff at companies like WPP and Publicis said they’re burning out from increased work during the pandemic. Some say client demands have them working up to 75 hours a week, and some have left full-time work. Insider talked to nine current and former agency employees about what work is like now. See more stories on…

BRUSSELS, April 14 (Reuters) – Euro zone industrial output declined as expected in February after expansion in January, dampening prospects for economic growth in the first quarter after a solid end to 2020 for manufacturers.Eurostat said industrial production in the 19 countries sharing the euro fell 1.0% month-on-month in February for a 1.6% year-on-year drop,…

KARACHI, Pakistan, April 12 (Reuters) – Remittances of $2.7 billion in March from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month, and were up 43% from a year earlier, the central bank said on Monday.Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with…

DUBAI, April 11 (Reuters) – Qatar National Bank (QNB) , the biggest lender in the Gulf, said on Sunday its first quarter net profit fell by 7% from a year earlier to 3.3 billion riyals ($906 million) as it booked 1.4 billion riyals in “precautionary” loan loss provisions.The bank’s total assets grew by 8% from…

DUBAI (Reuters) – The United Arab Emirates named new members of the board of its central bank including two vice chairmen in a decree issued on Saturday, state news agency WAM reported.Abdulrahman Saleh Al Saleh and Jassem Mohammad Buatabah Al Zaabi have been appointed as vice chairmen.Younis Haji Al Khoori, Sami Dhaen Al Qamzi, and…