Monthly Archives: May 2021

Orascom Investment Announces 10% YoY Drop in Revenue to EGP 730.5 Million in 2020

Orascom Investment Holding (OIH) reported revenue of EGP 730.5 million in 2020, up from EGP 811.4 million in 2019, reflecting a 10% year-on-year decline. The cables business, notably the Pakistani submarine fiber optic cable operator, Pakistan Cables, was the main contributor to revenue, with 91% in 2020, or -1.3pps year-on-year), …

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Operational creditors file most bankruptcy cases below 1 cr

NEW DELHI : Operational creditors such as sellers have so far filed the bulk of bankruptcy cases involving defaults of less than ₹1 crore, while financial institutions have taken companies to court for claims ₹10 crore, according to official data. The Insolvency and Bankruptcy Board of India (IBBI) said in …

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New euro area business loans plunge in April

New euro area business loans plunged in April, indicating banks are tightening access to credit even as the bloc begins to emerge from a year of lockdowns, Central Bank data showed today European. With a third wave of the pandemic receding in the region, economic activity began to pick up …

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Report on the interim financial results of the AUGA, AB Group for the three-month period ended March 31, 2021

News and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here. The financial results of the AUGA group, AB and its subsidiaries (hereinafter the Group) improved, revenues and profitability increased. The Group’s overall sales amounted to 19.48 million euros in …

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Global and local factors drive record beef prices around the world – Rabobank Report

Global and local factors drive record beef prices around the world – Rabobank Report A combination of global and localized factors is creating a “very tight” global beef cattle market – with high demand and record prices in many parts of the world – and this coincides with a fundamental …

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Paytm on track for India’s biggest IPO, but beware of the bumps ahead

Paytm, formerly known as One97 Communications Pvt. Ltd, evolved into a full financial products platform from a digital wallet provider within a few years. His plans to go public by the end of this year, if followed, would add serious credit to the company as a market leader in the …

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Oregon Insight: Population Growth Slowest In A Decade

Here’s The Oregonian’s weekly look at the numbers behind the state’s economy. See previous installments here. Oregon added less than 32,000 residents last year, the slowest growth in a decade – since the last recession, in fact. It is not a coincidence. Migration generally slows down in Oregon and elsewhere …

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Did the cryptocurrency crash knock you down? Consider investing in this area instead

Popular crypto-currencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have been excruciatingly volatile. While the prices of both have skyrocketed over the past year, they have each fallen more than 30% from their highs of the past few weeks. This heartbreaking volatility is more than many investors want to …

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Is encryption nearing its “Netscape moment”?

this year fraction The 30th anniversary of the birth of the first web page on the World Wide Web, which means that a person must be almost half a century old to clearly remember the progression of quilting, beginning and ending. ‘stop errors and trial and error from what ultimately …

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UNEMORI ARCHITECTS on the construction of the Sukagawa community center after the earthquake in Japan

UNEMORI ARCHITECTS completed the “ sukagawa community center ” in Fukushima, a 13,698 m2 (147,444 sq. Ft.) Multi-purpose building complex housing a library, museum, conference hall, childcare assistance, as well as a cafe, among others. the project was developed as part of a municipal reconstruction project to revitalize the city …

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There is no rhythm in the Australian economy, just uncertainty mixed with hope | Greg Jericho

TOn Wednesday, the latest GDP figures will be released marking a year since the economy began its sharp fall into a recession. In all likelihood, the latest figures will show that we are (or almost) back to where we were before the pandemic hit. But as good as it may …

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Is Lam Research (LRCX) outperforming other IT and tech stocks this year?

Index ranking Billionaire George Soros takes over these three “strong buy” actions Some investors, with a combination of luck and success, far outperform others and have achieved legendary positions. Perhaps George Soros, who survived the Holocaust, got a doctorate from the London School of Economics after the war and entered …

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Companies in liquidation: how the CIRP resolution plan differs from the compromise plan provided for by the Companies Act

Approval of the resolution plan in the CIRP requires a minimum of 66% of the voting shares of the members of the creditors’ committee. Through Ashok Kumar Gulla The Insolvency and Bankruptcy Code, 2016 (IBC Code) adopted on May 28, 2016, provides for the invitation of resolution plans of potential …

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States appeal for federal aid to support jobless funds – Finance & Commerce

Businesses could be saved billions of dollars in higher taxes in the years to come – potentially freeing up money to spend on employees or invest in their operations – thanks to federal assistance to coronaviruses afflicted in the States. Governors and lawmakers in more than half of the states …

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Do you have money to invest for dividends? Here are 2 ASX stocks that could be bought

Image source: Getty Images The two ASX dividend stocks in this article offer relatively high income yields and increase profits. Companies that produce both earnings growth and increased dividends may be of interest to income-seeking investors. Propel Funeral Partners Ltd (ASX: PFP) In FY21, Propel is expected to pay a …

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Make the KLCI FBM more dynamic

CLICK TO ENLARGE The FBM KLCI was introduced in 2006 in collaboration between FTSE and Bursa Malaysia as a new benchmark for the Malaysian stock market which constitutes the top 30 market capitalized and float-adjusted. In addition to the benchmark, the FTSE Bursa Malaysia index series also covers 14 other …

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XAU / USD bulls not ready to forgo further gains just yet

Gold managed to post gains for the fourth week in a row. XAU / USD buyers continue to defend the critical $ 1,900 level. The FXStreet Forecast poll reveals a bearish change on a one-month view. XAU / USD struggled to find direction at the start of the week due …

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Asian recession taught Levi Strauss CFO about internal strength

When Harmit Singh was CFO of Yum! Restaurant franchise operations in Asia In 1997, much of the continent was in recession, a development he had yet to experience as a financial professional. “The demand has dropped dramatically,” said Singh, now CFO of Levi Strauss & Co. “I was in Singapore …

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Commercial real estate, mall, hotel, office collapse will drive the US economy

Commercial real estate – hotels, shopping malls, offices – faces huge post-pandemic challenges. We can all see the work from home and ecommerce trends coming and the CRE disaster looks like a slow motion shipwreck. And this sinking could take the rest of the US economy with it. This is …

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On this date in sports May 28, 1943: Louis Zamperini

Louis Zamperini was born in Olean, New York on January 26, 1917, and raised in Torrance, California. To keep him out of trouble, Zamperini’s family signed him up for the track team, where he set several school records for the state of California. Although under 20, Louis Zamperini qualified for …

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Recession protracted, new lockdowns send ‘hot money’ initially in April

Ian Nicolas Cigaral (Philstar.com) – May 28, 2021 – 10:42 p.m. MANILA, Philippines – A protracted economic contraction following further lockdowns in the capital and neighboring provinces fueled a short-term outflow of foreign funds in April, the Bangko Sentral ng Pilipinas reported Thursday. What’s up? Foreign portfolio investments, also known …

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Auto and Truck Sales Show: The Inflation Mindset Has Changed, Consumers Are Ready To Pay Much More, Not Only Generating Record Sales But Also Record Gross Profits

This change in mentality about inflation is probably not “temporary”. By Wolf Richter for WOLF STREET. Record retail sales of new vehicles despite reduced incentives by automakers, record transaction prices for new vehicles, soaring used vehicle prices and trade-in values, very tight stocks on popular models and record profits for …

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Norway Practice Bulletin 2021 | Conyers

Market update Welcome to the 2021 practice bulletin from Conyers Norway. Our annual publication highlights the importance of the Norwegian market to our business practice in Bermuda. The 12 months since our last issue have been very different, to say the least, and a bit of a roller coaster with …

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US Commercial Equipment Orders Increase More Than Expected

Bloomberg Former high school classmates are among the world’s largest crypto holders (Bloomberg) – Kyle Davies and Su Zhu launched Three Arrows Capital at their apartment kitchen table in 2012. They are now among the largest cryptocurrency holders in the world with a portfolio worth billions dollars, at least for …

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Best Buy (BBY) Surpasses Q1 EPS by 88c, Increases Guidance

FREE StreetInsider.com breaking news alerts! StreetInsider.com Top Tickers, 05/27/2021 May 27, 2021 07:02 AM EDT Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here. Best Buy (NYSE: BBY) reported first quarter EPS of $ 2.23, $ 0.88 better than analysts’ estimate of $ 1.35. Revenue for the …

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NIMBYism is a problem threatening Louisville’s economic recovery

As our nation emerges from the shadow of the pandemic, economic recovery takes center stage. As we move forward, it is essential that we seek out all available opportunities to drive economic growth and get our people back to work. In Louisville, we have to tap into a strategy that …

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Beauty of the mud volcano | Local features

When Catty Asaveria-Snaggs sits on the lip of the mud volcano, she uncovers the history and mystery of this centuries-old landform. “I see this golden gray pool, an invaluable blend of our core beauty coming to the surface. There is that mysterious aspect of knowing that the volcano was here …

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What Happened to DC Area Malls?

Mazza Gallery. Photograph by Wikimedia user Mx. Granger Even before e-commerce and online shopping gained traction among American consumers during the pandemic, many malls and department stores were dying. Retail analytics firm Coresight Research estimates that 25% of shopping malls in the United States will close within five years. Some …

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BANXA Reports March Quarter Financial Results, First Adjusted EBITDA and Record Revenue

In the press release, BANXA announces its March quarter financial results, first adjusted EBITDA and record revenue, released on May 26, 2021 by Banxa Holding Inc on CNW, the company informs us that at the fourth point of Highlights section, it should read “TTV of the March 2021 quarter of …

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NBCC Says Its Offer For Jaypee Infratech ‘Complies With The Law’

New Delhi, May 26 (PTI) The state-owned NBCC, whose offer was rejected by Jaypee Infratech’s creditors, said on Wednesday that its offer was “legally compliant”, although the company will attempt to meet objections raised by the professional of the provisional resolution if authorized to submit a new offer. At its …

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CBN clears exchange rate on website as naira falls

the Naira fell against the US dollar on Friday as the Central Bank of Nigeria wiped the exchange rate from its website, which for about a year was considered the official government rate. The CBN move raised concerns about the currency devaluation which has long struggled amid declining government revenues …

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