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Tsesnabank, the second largest in terms of assets creditor in Kazakhstan, reported receiving a short-term loan with the National Bank of Kazakhstan in the amount of 150 billion tenge to provide an additional liquidity reserve, finversia.ru wrote. The bank's message also says that it partially repaid a loan of 100 billion tenge on September 5 and will repay the remaining part of the loan in the near future at its own expense. The fall of Tsesnabank's liquid assets in the second quarter by 30.3% was the most significant among the 10 largest banks in Kazakhstan. Tsesnabank told Reuters that it gets rid of “expensive liquidity” against the backdrop of lower domestic interest rates.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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