Nomura more than doubles profit in quarter overshadowed by scandal
TOKYO (Reuters) -Japan’s Nomura Holdings (NYSE:NMR) more than doubled its quarterly profit on Friday, marking its sixth straight quarter of growth, bolstered by a strong performance at its wholesale business, even as the bank was dogged by a trading scandal….
IMF projects 4% growth rebound in Middle East and North Africa next year
By Rachna Uppal DUBAI (Reuters) – Growth in the Middle East and North Africa region is expected to rebound to 4% next year, but will hinge on a phase out of oil production cuts and headwinds subsiding, including from conflicts,…
Analysis-Europe’s growth rebound hinges on savings puzzle
By Balazs Koranyi FRANKFURT (Reuters) – European families are sitting on an ever-growing pile of savings, confounding hopes that consumer largesse can boost the region’s economy as it falls yet further behind that of the United States. This rise in…
Too early to discuss increasing Egypt’s loan, IMF official says
By Rachna Uppal DUBAI (Reuters) – The International Monetary Fund’s (IMF) $8 billion programme for Egypt is making progress, with the fund’s top regional official stating that any discussions to further increase the overall programme size are premature. The IMF…
ECB’s Lagarde: inflation should stabilise at 2% target in 2025
PARIS (Reuters) – Euro zone inflation will durably reach the European Central Ban’s 2% target in the course of 2025, ECB President Christine Lagarde told a French newspaper, largely repeating her recent message. “Maybe we could have started to intervene…
Analysis-Europe’s small arms company’s struggle for cash despite military spending boom
By Michael Kahn and Jan Lopatka PRAGUE (Reuters) – Europe’s small and medium-sized defence companies are struggling to access finance needed to drive innovation and grow production lines even as demand soars due to the war in Ukraine and other…