PJdesk
India will be the fastest-growing economy in Asia-Pacific: ADB report 2024
India will be the fastest-growing economy
The Asian Development Bank (ADB) has slightly raised its economic growth forecast for developing Asia and the Pacific this...
ABB Switzerland quarterly results: Solid demand; record-high Operational EBITA margin
ABB Switzerland quarterly result Update:KEY FIGURESCHANGECHANGE($ millions, unless otherwise indicated)
Q2 2024
Q2 2023
US$
Comparable1
H1 2024
H1 2023
US$
Comparable1Orders
8,435
8,667
-3%
0%
17,409
18,117
-4%
-2%Revenues
8,239
8,163
1%
4%
16,109
16,022
1%
3%Gross Profit
3,174
2,888
10%6,109
5,604
9%as % of revenues
38.5%
35.4%
+3.1 pts37.9%
35.0%
+2.9 ptsIncome from operations
1,376
1,298
6%2,593
2,496
4%Operational EBITA1
1,564
1,425
10%
12% 3
2,981
2,702
10%
11% 3as %...
ADB maintains India’s growth rate projection at 7.0% for FY 2024
ADB Maintains India's Growth Rate Projection at 7.0% for FY 2024
The Asian Development Bank (ADB) has upheld its projected growth rate for India at...
BlackRock’s bitcoin ETF achieves major milestone, exceeded $20 billion
BlackRock's iShares Bitcoin Trust (ETF) Surpasses $20 Billion in Assets
BlackRock's iShares Bitcoin Trust (IBIT) ETF has exceeded $20 billion in assets under management just...
RBI imposes monetary penalty on 5 different Sahakari and Co-operative banks
RBI has imposed monetary penalties on the following banks for different reasons:
1. Sivagangai District Central Co-operative Bank Limited, Sivagangai, Tamil Nadu:
The Reserve Bank of...
WTO director-general Okonjo-Iweala urges members to “walk the talk” and engage in authentic negotiations.
WTO news update:
At the TNC meeting, WTO Director-General Okonjo-Iweala acknowledged that members were "a bit stuck" on several key issues but noted a positive...
Swiss Re Institute: Robust economies set to drive insurance growth and profitability
Swiss Re Institute: Robust Economies Set to Drive Insurance Growth and Profitability
Geopolitical tensions and higher inflation have led to economic concern in recent years....
Metaplanet, ‘Asia’s MicroStrategy,’ Acquires fresh round of Bitcoins
Metaplanet, 'Asia's MicroStrategy,' Acquires Fresh Round of Bitcoins
Japanese public company Metaplanet, often referred to as ‘Asia’s MicroStrategy,’ has amassed a fresh round of Bitcoins...
SCOR’s FY 2024 results update on its Q2 2024
SCOR's FY 2024 results update
Following the negative experience variance in the first quarter of 2024, SCOR has decided to accelerate the annual L&H reserving...
Alipay+ top scorer honors at UEFA EURO 2024 go to six players, including Spain’s Dani Olmo
Six Players Share Alipay+ Top Scorer Honors at UEFA EURO 2024
In a fiercely contested UEFA EURO 2024, Dani Olmo (Spain), Harry Kane (England), Cody...
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