BANK OF JAPAN REPORTS POSSIBLE SLOW RECOVERY IN THE COUNTRY’S ECONOMY

Highlights –

• Bank of Japan reports possible slow recovery in the country’s economy.
• Policymakers expressed their concern over another wave of a pandemic that may damage their economy.
• BOJ mentioned that the country’s econ...

MAJOR UK FASHION BRAND BURBERRY AND RETAILER ASOS REPORTS THEIR QUARTERLY SALES

Highlights –

• Major UK fashion brand Burberry and retailer ASOS reports their quarterly sales.
• Burberry reported their first-quarter sales diving to 45%.
• ASOS reported UK sales fell 1%, while international sales were up 17%.

WELLS FARGO BANK REPORTED ITS FIRST QUARTERLY LOSS THIS YEAR

Highlights –

• Wells Fargo bank reported its first quarterly loss this year.
• The bank reported a loss of over $2.4 billion in the second quarter.
• The shares of the bank fell by 4.1% in premarket trading.
• A year ago, the bank...

Earning predictions of IT firms for the third quarter

For IT firms, the financial year’s Q3 continues to be seasonally frail. But it also defines the movement for the remaining year. It is predicted that IT firms will reveal muffled amounts, because of furlough. There has also been given a guide to the way the deal will flow this year.

Europe found out to be the exclusive world's region that recorded a positive deal performance within M&A sphere

It was found out by the Quarterly Deal Performance Monitor of Willis Towers Watson that within the M&A sphere, Europe was the exclusive region of the world that recorded a positive deal performance i.e. positive 0.6pp on the regional index in 2019.

At the same time, there was a drop...

The first quarterly premium aluminium offer for shipping of more than 1,000 mt / month was closed at $83/mt plus

The first quarterly premium aluminium offer for January-March for shipping of more than 1,000 mt / month was closed at $83/mt plus London Metal Exchange cash payment average of the month of delivery, CIF Japan, Wednesday.

The transaction was announced by a Western manufacturer and later...

Twin River Worldwide: Quarterly Earnings

Twin River releases its quarterly earnings report on Monday 12th August. The firm realized a $0.51 earnings per share and total revenue of $143.22 million for this quarter less than analyst’s expectation of $157.45 million. Analysts expect a $2 EPS for the current as well as the following y...

Delta Reports Stronger Than Expected Quarterly Results

Delta Air Lines (NYSE: DAL) announced its first quarter financial results. The Company reported-better than-expected revenue and earnings.  For the first quarter, Delta reported earnings of USD 96 cents per share on revenue of USD 10.47 Billion. Refinitiv analysts polled for earnings of USD 90 cents...