PMN Business, REU

Egypt’s economy seen slowing in 2020/21

CAIRO — Egypt’s economy will grow by a subdued 3.3% in the fiscal year that began in July, a Reuters poll of 20 economists showed on Tuesday, down from the 5.9% the government had been aiming for before the coronavirus pandemic hit earlier this year. The pandemic caused tourism to collapse since March and other […]

PMN Business, REU

China plans to simplify structure of Shenzhen bourse – Caixin

SHANGHAI — China’s securities regulator is planning to simplify the structure of trading boards on the Shenzhen Stock Exchange by merging the main board with the SME board, business publication Caixin reported on Tuesday, citing regulatory sources. The listing and regulatory rules of the main board and the SME board for small- and medium-sized enterprises […]

PMN Business, REU

U.S. to announce plan for Medicare, Medicaid to cover early COVID-19 vaccine- Politico

The U.S. Trump administration will this week announce a plan to cover out-of-pocket costs of COVID-19 vaccines for millions of Americans who receive Medicare or Medicaid, Politico reported late on Monday, citing four people with knowledge of the plan. According to the plans, Medicare and Medicaid will now cover vaccines that receive emergency use authorization […]

PMN Business, PMN Economy, REU

China shares fall as industrial profit growth slows

SHANGHAI — Chinese A-shares fell on Tuesday, weighed by industrial and consumer staple firms, after data showed a slowdown in industrial profit growth in September. ** At the midday break, the Shanghai Composite index was down 0.37% at 3,239.03 points. ** China’s blue-chip CSI300 index fell 0.33%, with its industrial sector sub-index down 0.87%. Financial […]

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