19.8 C
Cairo
Thursday, October 21, 2021
Home Environment

Environment

Are we safe? Killing of UK lawmaker makes colleagues nervous

LONDON (Reuters) - Last week, British lawmaker Christian Wakeford opened his office door in the market town of Radcliffe to a passer-by who wanted...

Foreign investors fled when Turkey began cutting rates -IIF data

NEW YORK — A small but steady flow of foreign cash into Turkish bonds abruptly reversed in September, when the central bank shocked markets with a rate cut that hit the lira, according to data from the Institute of International Finance. The IIF data also show that cumulative flows into equities have been negative for […]

Oil falls as investors take profits, but fuel switching caps losses

TOKYO — Oil prices fell on Thursday as some investors scooped up profits from the recent rally, though solid demand in the United States and a switch to fuel oil from coal and gas amid surging prices capped losses. Brent crude futures fell 54 cents, or 0.6%, to $85.28 a barrel by 0649 GMT, turning […]

Reliq Health Technologies, Inc. Announces New Contracts with Four US Physician Practices, Adding over 2,000 New Patients

HAMILTON, Ontario, Oct. 21, 2021 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global telemedicine company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed contracts with four new primary care physician practices in the […]

AMC gets 'hyperactive' about crypto, CEO says it may issue its own coin

During an interview with CNBC on Oct. 20, AMC chief executive Adam Aron discussed the firm’s crypto ambitions. There were no solid details but...

Barclays quarterly profit more than doubles as investment bank fees surge

Barclays’ profit more than doubled in the third quarter driven by another strong performance from its investment bank, while the impact of coronavirus on its consumer divisions continued to recede.Net income jumped to £1.45bn from £611m in the same period last year, Barclays said on Thursday, beating analysts’ expectations of £1.1bn. Revenue rose 5 per cent to £5.47bn, compared with the £5.2bn estimate.Part of the surge in net profit was due to a drop in new loan-loss provisions. They fell to £120m compared with £608m in the third quarter last year, when the bank was forced to set aside more to cover potential bad loans caused by coronavirus lockdowns. Barclays added that it expects impairments to remain lower than average as unsecured borrowing by credit card customers is subdued and due to the “improved macroeconomic outlook”.The investment bank had another good quarter, particularly in capital markets and M&A, where fees increased 59 per cent to £971m overall, similar to the big gains posted by Wall Street rivals last week. Revenue from M&A advisory surged to £253m in the quarter from £90m last year as the global dealmaking boom continued, while equity and debt capital markets both posted gains. Equity trading increased 10 per cent, but there was a 20 per cent plunge in fixed-income trading income as market volatility returned to normal following the pandemic chaos of mid-2020.Overall pre-tax profits at the investment banking unit rose 51 per cent to £1.5bn, beating estimates for £1.1bn.Barclays chief executive Jes Staley said “while the investment bank performance continues to be an area of strength, we are also seeing evidence of a consumer recovery and the early signs of a more favourable rate environment”.Pre-tax profits at the UK retail banking business rose to £451m from £196m due to a combination of lower impairment charges and higher fees from rebounding customer activity.However, Staley also warned that the lender is planning “structural cost actions before the end of the year”, particularly in its domestic market, without providing details on branch closures or job cuts.Citigroup analyst Andrew Coombs said: “Overall a good set of numbers, albeit driven by a record quarter for investment banking advisory revenues, so the beat may not be fully extrapolated into future quarters.”

Indian Engineering Giant Plans to Go Carbon Neutral by 2040

(Bloomberg) — Larsen & Toubro Ltd. plans to achieve water and carbon neutrality by 2035 and 2040, respectively, it said in a report on sustainable goals.  L&T, which operates primarily in the construction and engineering sector, is prone to climate change and has already started implementing several climate-related policies, it said. About 10% of the […]

Japan’s Nikkei falls nearly 2% on election, China Evergrande jitters

TOKYO — Japan’s Nikkei share average fell nearly 2% on Thursday, weighed down by fresh fears around China Evergrande Group, concerns ahead of a general election and worries over the impact of rising costs on corporate outlook. The Nikkei fell 1.87% to close at 28,708.58, while the broader Topix lost 1.31% to 2,000.81. Overnight, the […]

Stay Connected

22,046FansLike
2,990FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles