Rating could be upgraded with recovery in foreign-currency reserves, easing of external financing risks, government debt falling, says agency. Fitch Ratings said it upgraded Pakistan's long-term foreign currency issuer default rating to CCC+ from CCC. The rating agency said the upgrade...
Annual GDP hike matches previous quarter’s growth rate, while quarterly growth slows down from Q1. Portugal’s gross domestic product (GDP) increased 1.5% on an annual basis in the second quarter of the year, matching the yearly growth rate of the...
GDP rose 1.5% in 1st half of 2024, says statistics agency. Mexico's gross domestic product (GDP) is estimated to show an annual growth of 1.1% with seasonally adjusted series in real terms during the second quarter, according to the country's...
Hedge funds have enjoyed their first quarterly net inflows since early 2022, continuing their winning streak into the second quarter of 2024, according to asset servicer Citco’s data. Equity and global macro funds emerged as strong performers, contributing to seven...
Expansion represents 4th positive result in row, according to country’s statistical office. Italy’s gross domestic product rose 0.2% in the second quarter of 2024 compared to previous quarter, according to preliminary estimates. "After a slight decline in the second quarter of...
Losses in industry and construction result in 8th consecutive quarterly decline in Austria’s GDP, flash estimate shows. Austria’s gross domestic product (GDP) stagnated in the second quarter of the year, down minus 0%, easing from a 0.2% increase in the...
Germany's GDP falls 0.1% in April-June, compared to previous period, preliminary data shows. German economy surprisingly shrank 0.1% in the second quarter of 2024 compared to the previous period, according to flash data released. The figure shifted from the first quarter's...
Czech economy’s 3rd consecutive increase was due to increasing domestic demand, says statistical office’s director. Czechia’s seasonally adjusted gross domestic product (GDP) rose 0.3% in the second quarter for the third consecutive time, up from a 0.2% growth in the...
BNP’s results were aided by a 58 per cent jump in sales from equity and prime brokerage services. France’s BNP Paribas posted better-than-expected quarterly earnings after investment banking revenue jumped due to a surge in equities trading, offsetting a sharp...
HSBC reported a slight decline of 0.4 per cent in first-half profit but still beat analyst estimates, as its businesses benefited from higher interest rates worldwide while robust growth in its wealth business boosted revenue. Europe’s largest bank posted pretax...
