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Business - 2020-08-04
KKR beats estimates with flat Q2 earnings
Money & Banking

KKR beats estimates with flat Q2 earnings

  • KKR said after-tax distributable earnings (DE) of $326 million were in line with the $327 million posted a year earlier.
  • KKR's private equity funds rose 11% in the second quarter, while global infrastructure and real estate funds rose 7% and 2% respectively. Its leverage credit funds rose 11%.
Published 04 Aug, 2020 11:46pm
Euronext wheat at one-month low as Russian harvest weighs
Commodities

Euronext wheat at one-month low as Russian harvest weighs

  • Front-month September milling wheat on Paris-based Euronext, settled down 0.50 euro, or 0.3%, at 179.75 euros ($211.55) a tonne.
  • The more active December contract also struck a one-month low at 179.50 euros, before settling 0.3% lower at 180.25 euros.
Published 04 Aug, 2020 11:30pm
New Ford CEO Farley eyes expansion into tech fields
Companies

New Ford CEO Farley eyes expansion into tech fields

  • These are new growth initiatives that could create a lot of value for the company.
  • Hackett and Farley will work together during a two-month transition period, and Hackett, 65, will continue as a company advisor through March 2021.
Published 04 Aug, 2020 11:25pm
Pizza Express to cut 1,100 jobs as virus impact bites

Pizza Express to cut 1,100 jobs as virus impact bites

  • The chain, which has 600 restaurants globally including 449 in the UK, said it was putting itself up for sale as part of a restructuring plan to deal with the fallout from the pandemic.
Published 04 Aug, 2020 04:48pm
NSS profit rates increase marginally

NSS profit rates increase marginally

  • Whereas, the rate of return on Defense Savings Certificates increased by 34 basis points and the rate of return was increased from 8.11pc to 8.45pc.
Published 04 Aug, 2020 04:05pm
PBIF chief calls for empowering SBP

PBIF chief calls for empowering SBP

KARACHI: Pakistan Businessmen and Intellectuals Forum President Mian Zahid Hussain has said that the government...
Published 04 Aug, 2020 02:47am
Money & Banking

Latam FX falls

SAO PAULO: Brazil's real fell on Monday as markets factored in an interest rate cut expected later in the week, with...
Published 04 Aug, 2020 02:47am
LCCI-BCCI sign MoU

LCCI-BCCI sign MoU

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and Bahawalpur Chamber of Commerce and Industry (BCCI)...
Updated 04 Aug, 2020 03:31am
HSBC profit slumps
Industry

HSBC profit slumps

HONG KONG: HSBC on Monday reported a 69-percent slump in net profit, joining a number of major banks whose earnings...
Updated 04 Aug, 2020 03:10am