Home Depot’s Q2 Net Earnings Rose by 11% Driven by Growing Sales
(The Home Depot) Home Depot Inc. announced an 11% increase in net earnings to $4.8 billion in the second quarter of 2021, compared to the same period last year. The…
PBC’s Shenzhen Branch Targets up to 11 Companies in Crypto Crackdown
(Global Times) China’s central bank in Shenzhen branch is targeting 11 new companies which it suspects are engaging in illegal cryptocurrency activities. The Shenzhen branch identified a domestic financial website…
Taliban’s Reign May Allow Beijing to Exploit Afghan’s Rare Metals-Analysts
(CNBC) Analysts are warning that the Taliban’s reign in Afghanistan may allow China to exploit its rare metals, which are estimated to run into trillions of dollars. Alliance Bernstein director…
GDP Grows by 2% in the Euro Area and 1.9% in the EU in Q2
(Eurostat) The euro area recorded a 2.0% quarter-over-quarter jump in the gross domestic product in the second quarter, exceeding the EU’s 1.9% in the same period. The GDP jump was…
Boston Fed Ronsengren Supports Bond Tapering on Further Robust Job Gains
(Reuters) The president of Boston Fed Eric Rosengren says if the US posts another strong job gains, it will satisfy the central bank’s requirements for tapering bond purchases. Rosengren referred…
India Relaxes Rules on FX Trade on Foreign Banks
(Bloomberg) Foreign banks can now resume profitable currency trade in India after the central bank loosened its grip on sovereign bonds. The Reserve Bank of India ruled that foreign sovereign…
BHP Issues a Record $15B FY21 Dividend after Profit Jumps 80% in FY21
(BHP) BHP board approved a record final dividend of $2.00 per share, with total shareholder returns now exceeding $15 billion for the financial year ended June 30. Profit from operations…
Chinese Stocks Plunges as Beijing Issues Market Anti-Monopoly Rules
(CNBC) Tencent led Chinese stocks in Tuesday's plunge, shedding about 3.5%, after Beijing issued draft rules to tame unfair competition among technology firms. Jack Ma’s Alibaba fell 2.5%. China’s draft…
UK Unemployment Dips to a Better than Expected 4.7% Between April-June
(Office for National Statistics) The UK recorded a lower unemployment rate of 4.7% between April and June quarter, down 0.2% from the previous quarter, and better than expected 4.8%. The…
Moderna Expands Supply of Covid-19 Vaccine to Canada in New Agreement
(Moderna) Moderna Inc. has agreed with the Government of Canada to supply as much as 105 million doses of its Covid-19 vaccine, upon approval, and its booster vaccine candidate The…
Hyatt to Table $2.7B to Snatch Apple Leisure Group from KKR and KSL
(WSJ) Hyatt Hotels Corp. is seeking to buy Apple Leisure Group from KKR and travel and leisure firm KSL Capital Partners LLC for $2.7 billion. The deal to acquire Apple…
House Prices in the UK Falls for the First Time in 2021 as Inventory Adds Eases
(Rightmove) The average price of property coming to the UK market plunged by 0.3% or 1,076 pounds in August, the first decline this year. The decline in property prices reflects…
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