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Deutsche Bank defies virus, posts surprise profit

Deutsche Bank defies virus, posts surprise profit

Deutsche Bank yesterday swung to a surprise net profit in the third quarter as it shook off losses driven by the coronavirus pandemic and ploughed on with a wide-ranging restructuring.

Turkey ups inflation forecast to 12.1% amid weaker lira

Turkey ups inflation forecast to 12.1% amid weaker lira

Central bank defends decision to keep policy rate on hold; says decision was not lasting deviation from policy structure; lira hits fresh low of 8.3 against dollar, diving 28% this year

Kuwait cuts some rates to ease currency and virus pressures

Kuwait cuts some rates to ease currency and virus pressures

Kuwait’s central bank has cut interest rates on some monetary policy instruments in an effort to ease pressure on the currency while helping the economy cope with the impact of the Covid-19 pandemic.

Pandemic plunges Lagarde into ‘intense’ first year at ECB

Pandemic plunges Lagarde into ‘intense’ first year at ECB

It’s been a baptism by fire for Christine Lagarde whose first year as head of the European Central Bank has been dominated by the coronavirus pandemic and the drastic action needed to keep the eurozone economy afloat.

Record Q3 growth assured in US as goods trade deficit falls and inventories rise

Record Q3 growth assured in US as goods trade deficit falls and inventories rise

Goods trade deficit decreases 4.5% in September; retail inventories jump 1.6%; third-quarter GDP seen rebounding at a 31% rate

Asia equity markets mixed as virus surges in US, Europe

Asia equity markets mixed as virus surges in US, Europe

The fresh surge in coronavirus cases across the United States and Europe weighed on stock markets yesterday, while investors have essentially given up on the chances of a new stimulus out of Washington.

Virus surge, restrictions batter global markets

Virus surge, restrictions batter global markets

European and US stock markets tanked yesterday while oil prices plunged over 5% as investors braced for the apparently imminent introduction of tighter lockdown measures to combat soaring coronavirus infection rates, dealers said.

Cash builds for real estate debt investors with crisis delayed for now

Cash builds for real estate debt investors with crisis delayed for now

Real estate debt investors are stockpiling cash, searching for opportunities to lend to commercial-property owners hurt by the pandemic.

Qatar-based CEOs remain optimistic about country’s growth prospects: KPMG survey

Qatar-based CEOs remain optimistic about country’s growth prospects: KPMG survey

Qatar-based CEOs remain optimistic about the growth prospects for the country, although confidence in the global economy has fallen, a recent KPMG survey has shown.

Ooredoo Group nine-month net profit jumps 16% y-o-y to QR1.5bn

Ooredoo Group nine-month net profit jumps 16% y-o-y to QR1.5bn

Driven by a “favourable” foreign exchange environment, Ooredoo Group’s nine-month net profit jumped 16% year-on-year to QR1.5bn, the global telecom company said last night.

UDC achieves net profit of QR123mn on QR849mn revenues

UDC achieves net profit of QR123mn on QR849mn revenues

United Development Company (UDC) posted a net profit of QR123mn on revenues of QR849mn for the third quarter of 2020.

Traders are dumping defensive quant ETFs in year of stock chaos

Traders are dumping defensive quant ETFs in year of stock chaos

During one of the most volatile years for US stocks in decades, the least-loved strategy in the $1tn world of smart-beta is one aiming to protect investors from the turmoil.

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