Since 2015, when he started having financial problems, the Cultura Bookstore tried everything to survive. He even took over the operation of Fnac – receiving BRL 130 million in the process -, bought and sold the Virtual Bookshelf site, filed for bankruptcy, closed stores and renegotiated disputes with publishers. UnderRead More →

India’s economy is on track for a “fairly steady and sustainable recovery” as the chances of another major Covid outbreak have diminished thanks to the country’s vaccination campaign, Finance Secretary TV Somanathan said in a report. interview. He also ruled out any significant impact of the ongoing energy crisis onRead More →

HONG KONG (BLOOMBERG) – China’s central bank increased its gross injection of short-term liquidity into the financial system after concerns over the China Evergrande group debt crisis rocked global markets. The People’s Bank of China (PBOC) injected 120 billion yuan (S $ 25 billion) into the banking system through repurchaseRead More →

BANGKOK (BLOOMBERG) – Many small and medium-sized enterprises (SMEs), the backbone of Thailand’s economy, are grappling with crushing debt that could force them to close their doors as the latest wave of Covid infections -19 darkens the outlook for a recovering economy. “This cycle is much worse than last yearRead More →

MUMBAI (BLOOMBERG) – Credit markets are issuing warnings for other asset classes amid unprecedented rise in Covid-19 cases in India. Companies have defaulted on at least 57 billion rupees (S $ 1 billion) of domestic bonds this year, the highest on record for a similar period. Traders expect more. TheyRead More →

General information for Sunday March 28, 2021 Source: 2021-03-28 Dr Mahamudu Bawumia, Vice-President of Ghana Vice President Dr Mahamudu Bawumia praised the hard work and unparalleled record of President Nana Addo Dankwa Akufo-Addo’s government. On his Facebook page, Dr Bawumia noted that after four years in power, the president’sRead More →

SAO PAOLO (BLOOMBERG) – The world really doesn’t need more toilet paper problems. But sadly, the largest producer of wood pulp – the raw material for products, including toilet paper – is warning that the global shipping container crisis could start to create supply problems. Suzano SA mainly ships itsRead More →

The Center for Information and Decision Support (IDSC) released an infographic titled “Financial System Stability Has Helped Address Economic Impacts of COVID-19,” which included a presentation of the most important points of the Financial Stability Report 2019, published by the Central Bank of Egypt (CBE). The report says that theRead More →