Date: July 30, 2020 QWI Investments Limited, for the nine months ended June 2020, reported losses from investment activities of $521.86 million. For the quarter, gain from investment activities of $100.44 million (2019: $120.97 million). Unrealized currency translation and dividend income closed the period under review at $8.26 million and $19.74 million, respectively. While, for
July 30, 2020 U.S. real gross domestic product (GDP) contracted 32.9% for the second quarter of 2020, subsequent to a 5% decline for the first three months of 2020 as the economy experienced a nose-dive in activity. Current-dollar GDP for the second quarter declined $2.15 trillion or 34.3% to 19.41 trillion, compared to a
July 29, 2020 monetary20200729a1 The Federal Reserve announced its decision to hold interest rates steady as economic activity, sharp declines and employment remain below their levels at the beginning of the year. Despite some uptick in recent months, the coronavirus outbreak has caused widespread human and economic hardship across the United States and around the
Date: July 29, 2020 Lasco Manufacturing Limited (LASM) for the three months ended June 30, 2020 recorded an increase of 3% in total revenue to total $1.85 billion, relative to the $1.79 billion recorded for the comparable period in 2019. Cost of sales amounted to $1.13 billion (2019: $1.12 billion) for the quarter, a marginal
July 28, 2020 According to the latest report provided by the Eurostat, in the first quarter of 2020, household real consumption per capita fell by 3% in the euro area, while the previous quarter decreased by 0.4%. Additionally, Eurostat noted that, “this movement was due to the COVID19 containment measures implemented by Member States in
July 24, 2020 The U.S. direct investment abroad position or cumulative level of investment rose $158.6 billion to $5.96 trillion at the end of 2019 from $5.80 trillion at the end of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The increase was attributable to a $95.7 billion rise in the
United States: U.S. Economic Recovery Is Stalling and It May Get Even Worse “The official numbers have begun to confirm what many Americans feel in their bones: the economy is buckling once again. Despite assurances from the Trump administration that better times are at hand, the worsening pandemic is restraining or even snuffing out the
July 23, 2020 The seasonally adjusted initial claims, advance estimate, rose to 1,416,000, an increase of 109,000 for the week ending July 18 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,307,000 from 1,300,000 up by 7,000. In comparison to the previous week’s average,
The euro area first quarter of 2020 debt to GDP ratio increased 86.3%, relative to 84.1% booked at the end of 2019’s fourth quarter. Whereas, the EU debt to GDP increased 79.5% for the first quarter from 77.7% booked at the end of 2019 fourth quarter, published by the Eurostat. Additionally, in comparison to 2019
July 22, 2020 According to the statistical office of the European Union (Eurostat), the first quarter seasonally adjusted general government deficit of GDP ratio was 2.2%, the highest deficit reported in the Euro area since the second quarter of 2015. Eurostat noted that, this sharp increase occurred, "when COVID-19 containment measures began to be widely
