BMW launches new 7 Series with all-electric model

BMW began pre-sales of the seventh generation of the BMW 7 Series on Wednesday, featuring for the first time an all-electric luxury sedan as well as hybrid and internal combustion engine (ICE) models.

newspaper

20-04-2022

World needs extra $1.3 trln energy investment by 2030 - JP Morgan

The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to avoid an energy crunch, U.S. bank JP Morgan said in its first annual energy outlook.

newspaper

20-04-2022

China's fiscal revenue growth slows in March

BEIJING (Reuters) -The growth of China's government fiscal revenue slowed in March compared with the first two months of the year, finance ministry data showed on Wednesday, further weighing on a flagging recovery, already weakened by COVID flare-ups.

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20-04-2022

IMF says governments must protect the vulnerable 'when things fall apart', avert unrest

Governments must target fiscal support to vulnerable populations hit hardest by rising energy and food prices, and now facing growing food insecurity as a result of Russia's war in Ukraine, the International Monetary Fund (IMF) said on Wednesday.

newspaper

20-04-2022

U.S. mortgage interest rates reach a 12 year high, demand falters

The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought properties in a sign that the Federal Reserve's aim of cooling the housing market may be beginning to have an impact, data from the Mortgage Bankers Association (MBA) showed on Wednesday.

newspaper

20-04-2022

All large euro zone banks can withstand Russian write-off, ECB says

All large euro zone banks can withstand a full write-off of their Russian exposure and still respect their capital requirements, the European Central Bank's top supervisor Andrea Enria said in a letter published on Wednesday.

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20-04-2022

Anthem raises earnings forecast after lower medical costs drive profit beat

(Reuters) -Health insurer Anthem Inc raised its forecast for full-year adjusted earnings on Wednesday, as lower-than-expected medical costs due to the waning impact of the pandemic helped it beat Wall Street estimates for quarterly profit.

newspaper

20-04-2022

Pakistan to cut expenditures, development funds to revive IMF programme

Pakistan will need to cut expenditures and development funds to try and revive an International Monetary Fund (IMF) programme, Finance Minister Miftah Ismail said on Wednesday.

newspaper

20-04-2022

Anthem raises profit forecast on Medicaid boost

Health insurer Anthem Inc raised its full-year adjusted profit forecast on Wednesday, on strong performance from its Medicaid unit and the business that houses its pharmacy benefits management unit.

newspaper

20-04-2022