International Monetary Fund Managing Director Kristalina Georgieva said Wednesday, July 20, that the IMF’s estimates this month indicate that global growth in 2021 will be about 6 percent, the same as the forecast issued in April, but with some countries growing at a faster pace and some at a slower …

Major US stock indexes opened higher on Wednesday, with renewed optimism about the health of the US corporate sector after strong quarterly results from companies such as Johnson & Johnson and Coca-Cola. The Dow Jones Industrial Average rose 45 points, or 0.13 percent, to 34,556.96 points, the S&P 500 index …

First Deputy Managing Director of the International Monetary Fund, Jeffrey Okamoto, expected that the global economy would lose about 15 trillion dollars from 2020 to 2024 due to the Coronavirus pandemic. According to an article published on the IMF’s website, Okamoto said that since March 2020, governments have spent $16 …

ESML Holding’s report released Wednesday for second-quarter earnings said it beat analysts’ expectations. However, the company recorded revenue less than expected. Earnings per share were €2.52 while revenue was €4.02B. ESML Holdings shares gained 3.12% to trade at €599.00 intra-day, according to the report. ASML Holdings shares traded 0% lower …

Oil prices reversed upwardly and continued achieving gains for the second session in light of the growing risk appetite, despite data showing a sudden increase in US crude stocks last week and a decrease in demand expectations due to the growing infection cases with the Covid-19 virus. Brent crude futures …

The Coca-Cola Company’s second-quarter earnings report released on Wednesday indicated that it beat analysts’ expectations; the company posted revenue that also beat expectations. Earnings per share were $0.68, while revenue was $10.1B. During the year, Coca-Cola shares traded 1% higher, underperforming the Dow Jones Industrial Average, which is up 12.76% …

Gold prices fell, heading for losses for the second session in a row, as the dollar’s gains and the recovery of US Treasury bond yields weighed on the metal’s safe-haven attractiveness amid fears of the rapidly spreading Delta variant of the Coronavirus. The spot price of gold fell 0.2 percent …

Japan’s exports jumped in June, led by US demand for cars and shipments to China of chip-making equipment, raising hopes of an export-fueled recovery in the world’s third-largest economy. Exports increased 48.6% year on year in June, posting double-digit gains for the fourth consecutive month, but the rate was greatly …

Japanese stocks snapped a five-session losing streak as investors re-purchased shares whose prices fell amid cautious optimism about earnings ahead of a long weekend marking the start of the Tokyo Olympic Games. The Nikkei index closed up 0.58 percent at 27,548 points, rebounding from Tuesday’s six-month low, although it failed …

A series of strong results from European blue-chip companies helped the region’s stock index rise on Wednesday and continue to recover after Monday’s sharp losses, while travel stocks returned to their strong performance after weeks of declines. The pan-European Stoxx 600 index was up 0.7%, while leisure and travel stocks …