Tesco Revises Full-Year Guidance After a 163.5% Jump in H1 EPS
(Tesco Plc.) Tesco’s diluted EPS rose by 163.5% to 10.7 pounds in the first half-year of 2021/2022, from 4.06 pounds reported in the same period last year. The company announced…
Germany’s Factory Orders Fall by a Worse Than Feared 7.7% in August
(Destatis) Germany’s factory orders were down by 7.7% in August, more than the forecasted decline of 2.1%. The decline reflected persistent delivery bottlenecks. The factory orders were still higher than…
JP Morgan’s Output Index Rise to 53.0 in Sept. Signalizing Further Global Growth
(IHS Markit) JP Morgan Global Composite Output Index was 53.0 in September, an increase from a seven-month low of 52.5 in August. The index signals global growth for the fifteenth…
US Bank Launch Crypto Custody Service Amid Growing Client Interest
(Cryptopotato) US Bank has announced that it will launch crypto custody services for institutional fund managers as client interest in cryptocurrencies rise. The fifth-largest US retail bank partnered with the…
International Report Meaning Across The Globe And Business Graph
Global Growth to Average Below July’s 6% Forecast in 2021 – IMF
(Reuters) The International Monetary Fund now expects global economic growth in 2021 to slightly miss its July forecast of 6% as inflation and uneven Covid-19 recovery bites. IMF chief Kristalina…
U.S. Service Sector Expands at a Slower Pace as Work Backlogs Surge
(IHS Markit) The U.S. service sector expansion slowed to a PMI of 54.9 in September, a drop compared to 55.1 in August. Fig: U.S. Service PMI Business Activity Index September…
US Trade Deficit Widens by $2.9 Billion in August as Imports Surge
(BEA) The international trade in goods and services deficit in the US came at $73.3 billion in August, an increase of 4.2% or $2.9 billion from July. The increase in…
Udemy Files for US Public Listing in the Booming Online Learning Space
(Reuters) Udemy Inc. has filed an initial public offering to go public on Nasdaq following a surge in online learning during the pandemic. Udemy’s revenues rose by 55.6% to $429.9…
Crypto’s $2.15T Market Cap “Too Large to Ignore.” — BofA
(BofA) The Bank of America maintains a bullish outlook on the long-term cryptocurrency prospect, warning that it is difficult to ignore the $2.15-trillion market cap. BofA says the digital asset…
Facebook Blames Network Configuration Hitch on Monday’s Global Service Outage
(Bloomberg) Facebook experienced a global service outage on Monday in what the company said was due to a network configuration problem. Facebook’s Instagram, WhatsApp, and messenger social network services went…
China Wants Banks to Increase Energy Sector Lending Amid Power Crisis
(Bloomberg) China has ordered its financial institutions to increase lending to the energy sector firms to ease the power shortage this winter. The China Banking and Insurance Regulatory Commission says…
UK Services Sector Registers Growth Increase as Index Hits 55.4 in September
(IHS Markit) UK Services Business Activity Index was 55.4 in September, a slight recovery from a six-month low of 55.0 in August. Despite the recoveries in the UK service sector,…
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