| Standard Chartered PLC (GB0004082847) | |||
12,16 GBXStand (close): 03.07.25 |
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| Datum / Uhrzeit | Titel | Bewertung |
| 28.05.25 20:26:02 | Investors Snap Up Five-Year Treasuries in Show of Solid Demand |  |
| (Bloomberg) -- Solid investor demand at the Treasury Department’s $70 billion auction of new five-year notes offered the latest evidence of appetite for shorter-term securities. Most Read from Bloomberg NYC Congestion Toll Brings In $216 Million in First Four Months NY Wins Order Against US Funding Freeze in Congestion Fight NY Congestion Pricing Is Likely to Stay Until Year End During Court Case Yields across US debt maturities edged off their session lows after the sale on Wednesday, which saw indirect bidders — a category of investors that includes foreign central banks — took down a record 78% of the new five-year notes. That indication of strong investor demand came in contrast to recent weakness in global auctions of longer-dated debt. “It does not appear there has been a mass exodus” of foreign investors from US debt, said Zachary Griffiths, head of investment-grade and macroeconomic strategy at CreditSights Inc. “It looks like a solid auction.” The five-year auction spotlights a maturity that’s become a sweet spot for many investors because it’s less sensitive to monetary and fiscal policies than its shorter- and longer-dated peers. The offering of five-year notes drew a yield of about 4.071%, slightly below the level seen immediately before the auction. It follows solid demand for a two-year auction on Tuesday and comes ahead of Thursday’s $44 billion sale of seven-year notes. What Bloomberg strategists say... “The amount of indirect bids submitted was also the highest ever, by a slight margin. (Perhaps Taiwan’s central bank got involved after its recent “smoothing” operations?) While directs and dealers took a correspondingly low amount of this sale, it’s hard to call it anything but solid given indirect demand and the award rate. There was little evidence of a Treasury buyers’ strike at this sale, at least.” — Cameron Crise, strategist on Bloomberg’s Markets Live blog Still, that appetite has yet to extend to longer-term debt, which has been dragging after a string of weaker auctions around the globe. A 40-year auction sale in Japan met the weakest demand since July. Bonds that mature over a longer horizon have been hit as investors grow concerned about widening fiscal deficits in some of the world’s big economies, including the US. “It’s hard to argue with the concern over the fiscal policy,” said James Athey, a portfolio manager at Marlborough Investment Management Ltd. “We are likely to oscillate fairly significantly just given the extent of uncertainty and the inflation risks which are still ahead.” Last week, the US 30-year yield touched 5.15%, its highest since October 2023. The gap between five and 30-year yields has risen above 90 basis points, around its highest since 2021. Story Continues On Wednesday, the 30-year yield was higher by about two basis points to 4.97%. The question for some on Wall Street now centers on when those lofty yields start to entice some buyers. In the futures market, a block trade targeting a narrower yield gap between 10- and 30-year bonds stood out. “Bonds actually look attractive now from a yield perspective,” said Justin Onuekwusi, chief investment officer at St James Place. He added that he expected continued volatility, citing President Donald Trump’s tax bill, trade tariffs and political uncertainty. Federal Reserve officials, meanwhile, broadly agreed that heightened economic uncertainty justified their patient approach to interest-rate adjustments. In minutes from their May gathering, they pointed out that risks of both higher unemployment and inflation had risen, mostly thanks to the potential impact of tariffs. Traders are pricing in about 44 basis points of interest-rate cuts in the remainder of 2025 — or fewer than two quarter-point reductions. --With assistance from Sujata Rao and James Hirai. (Updates with results from Treasury auction, market moves and comments.) Most Read from Bloomberg Businessweek Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce YouTube Is Swallowing TV Whole, and It’s Coming for the Sitcom Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P. View Comments |
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| 06.05.25 12:46:11 | Standard Chartered PLC Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year | |
| As you might know, Standard Chartered PLC (LON:STAN) recently reported its quarterly numbers. Revenues were US$5.4b, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$0.55, an impressive 28% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Standard Chartered after the latest results. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.LSE:STAN Earnings and Revenue Growth May 6th 2025 Following the latest results, Standard Chartered's 17 analysts are now forecasting revenues of US$20.4b in 2025. This would be an okay 6.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 6.5% to US$1.69. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$20.3b and earnings per share (EPS) of US$1.70 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. See our latest analysis for Standard Chartered There were no changes to revenue or earnings estimates or the price target of UK£12.08, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Standard Chartered at UK£14.54 per share, while the most bearish prices it at UK£9.17. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Standard Chartered shareholders. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Standard Chartered's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Standard Chartered'shistorical trends, as the 8.2% annualised revenue growth to the end of 2025 is roughly in line with the 7.9% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 5.6% per year. So it's pretty clear that Standard Chartered is forecast to grow substantially faster than its industry. Story Continues The Bottom Line The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at UK£12.08, with the latest estimates not enough to have an impact on their price targets. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Standard Chartered going out to 2027, and you can see them free on our platform here. Before you take the next step you should know about the 2 warning signs for Standard Chartered that we have uncovered. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 04.05.25 08:24:41 | Standard Chartered First Quarter 2025 Earnings: EPS Beats Expectations | |
| Standard Chartered (LON:STAN) First Quarter 2025 Results Key Financial Results Revenue: US$5.16b (up 4.2% from 1Q 2024). Net income: US$1.36b (up 11% from 1Q 2024). Profit margin: 26% (up from 25% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.57 (up from US$0.47 in 1Q 2024). Our free stock report includes 2 warning signs investors should be aware of before investing in Standard Chartered. Read for free now.LSE:STAN Earnings and Revenue Growth May 4th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period Standard Chartered EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in the United Kingdom. Performance of the British Banks industry. The company's share price is broadly unchanged from a week ago. Risk Analysis We don't want to rain on the parade too much, but we did also find 2 warning signs for Standard Chartered that you need to be mindful of. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 02.05.25 09:55:10 | Trade-Focused StanChart Spots Opportunities in Tariff Chaos | |
| The kneejerk response of bank investors after "Liberation Day" was to hammer shares of trade-focused lenders. Business has been brisk at the start of the second quarter, Chief Financial Officer Diego De Giorgi told reporters. "There are lot of opportunities that come out of the current situation," De Giorgi said. Continue Reading View Comments |
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| 02.05.25 07:03:00 | Standard Chartered Posts Profit Growth, Maintains Guidance |  |
| The London-based bank increased its first-quarter net profit, topping market expectations, and maintained its guidance despite cautioning of heightened economic uncertainty fueled by tariffs. Continue Reading View Comments |
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| 29.04.25 14:19:54 | Bitcoin Outshines Gold, Tech Stocks in April Amid Tariff Turmoil | |
| (Bloomberg) -- Bitcoin has surged past gold and tech stocks alike in April, rekindling the debate over whether the largest cryptocurrency serves as a refuge from market turmoil such as the strife triggered by sweeping US tariffs. Most Read from Bloomberg New York City Transit System Chips Away at Subway Fare Evasion NYC’s Congestion Toll Raised $159 Million in the First Quarter The Last Thing US Transit Agencies Should Do Now At Bryn Mawr, a Monumental Plaza Traces the Steps of Black History At the National Public Housing Museum, an Embattled Idea Finds a Home President Donald Trump’s announcement of reciprocal tariffs on April 2 — what he referred to as “Liberation Day” — sent shockwaves across global markets. The Nasdaq Composite is down 0.2% since the day before, while the Bloomberg Dollar Index slipped around 4%. Gold, a go-to refuge in periods of uncertainty, rallied to a record high of $3,500 an ounce before paring some gains, to return 6.1%. Bitcoin, however, posted a roughly 12% increase since April 1, with advocates saying it acted as an alternative hedge amid growing concerns over US fiscal policy and institutional stability. The initial reaction to the tariffs saw Bitcoin move lower alongside risk assets, mirroring sharp declines in US equities. But the cryptocurrency soon diverged, rallying sharply as long-dated Treasury yields climbed and investors sought protection from escalating policy risks. Rising concerns about the independence of the Federal Reserve and the credibility of US economic policy has led investors seek refuge in the Swiss Franc, Euro, Gold and and finally trickling down to Bitcoin. David Lawant, head of research at FalconX, cautioned against reading too much into Bitcoin’s recent divergence from risk assets, noting it’s based on just a few trading sessions. “Decoupling” implies a breakdown in correlation, but Bitcoin’s 30-day correlation with major equity indices is still around 0.6 — far from low, he said. What stands out more, Lawant added, is Bitcoin’s unusually low beta during recent market stress, suggesting investors are beginning to view it as a more mature, long-term asset. In April, investors have poured about $2.9 billion into US-listed Bitcoin spot exchange-traded funds, marking a sharp reversal from March and February, when the funds saw net outflows of $811 million and $3.6 billion, respectively. Geoff Kendrick, global head of digital assets research at Standard Chartered, said in a recent note that he expects a “strategic asset reallocation away from US assets” to fuel Bitcoin’s next rally. He views Bitcoin as a hedge against risks to the financial system, noting it may be “more effective” than gold due to its “decentralized nature.” Story Continues According to Kendrick, Bitcoin’s defensive properties are becoming increasingly relevant as investors confront a range of risks, from private-sector shocks like the collapse of Silicon Valley Bank in 2023 to government-sector threats such as political interference in the Fed. Most Read from Bloomberg Businessweek Made-in-USA Wheelbarrows Promoted by Trump Are Now Made in China As More Women Lift Weights, Gyms Might Never Be the Same Why US Men Think College Isn’t Worth It Anymore Eight Charts Show Men Are Falling Behind, From Classrooms to Careers The Mastermind of the Yellowstone Universe Isn’t Done Yet ©2025 Bloomberg L.P. View Comments |
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| 18.04.25 08:01:12 | Standard Chartered (LON:STAN) jumps 11% this week, though earnings growth is still tracking behind five-year shareholder returns | |
| Standard Chartered PLC (LON:STAN) shareholders might be concerned after seeing the share price drop 16% in the last month. But that doesn't change the fact that shareholders have received really good returns over the last five years. We think most investors would be happy with the 159% return, over that period. We think it's more important to dwell on the long term returns than the short term returns. Ultimately business performance will determine whether the stock price continues the positive long term trend. Since the stock has added UK£2.3b to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns. Our free stock report includes 2 warning signs investors should be aware of before investing in Standard Chartered. Read for free now. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During five years of share price growth, Standard Chartered achieved compound earnings per share (EPS) growth of 22% per year. That makes the EPS growth particularly close to the yearly share price growth of 21%. That suggests that the market sentiment around the company hasn't changed much over that time. Indeed, it would appear the share price is reacting to the EPS. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).LSE:STAN Earnings Per Share Growth April 18th 2025 It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our freereport on Standard Chartered's earnings, revenue and cash flow. What About Dividends? When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Standard Chartered, it has a TSR of 190% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return. Story Continues A Different Perspective It's good to see that Standard Chartered has rewarded shareholders with a total shareholder return of 58% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 24% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 2 warning signs for Standard Chartered that you should be aware of. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this freelist of undervalued small cap companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 25.03.25 02:14:03 | StanChart Boosts Private Credit Presence with New Hires in India | |
| (Bloomberg) -- Standard Chartered Plc is bolstering its private credit business with three new hires in India, said Henrik Raber, global head of global banking. Most Read from Bloomberg They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Libraries Warn They Could Be ‘Cut off at the Knees’ by DOGE StanChart recently hired former UBS Group AG’s Ankit Raghav as director for its leveraged and acquisition finance, and private credit team, Raber said in an emailed statement in response to Bloomberg’s queries. Raghav reports to Pritha Majumdar, managing director of the team. The bank has also appointed Ankit Dokania as director for the same team, and S. Siddharth as executive director for private and traded credit. All new hires are based in Mumbai, the email showed. Private credit in India is expanding alongside Prime Minister Narendra Modi’s infrastructure push, which has created a need for middle-market funding in everything from solar power to roads. Such investments in India totaled $9.2 billion across 163 deals last year, according to an Ernst & Young report. Along with Deutsche Bank AG and Barclays Plc, StanChart is one of the more active banks in India’s private credit space. It was one of the arrangers on a 143 billion rupee ($1.7 billion) bond issued in 2023 via private placement for Goswami Infratech Pvt., a Shapoorji Pallonji group company. The issuance is the country’s biggest ever high-yield rupee corporate debt, which pays an 18.75% coupon. Most Read from Bloomberg Businessweek Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? A New ‘China Shock’ Is Destroying Jobs Around the World How TD Became America’s Most Convenient Bank for Money Launderers Tesla’s Gamble on MAGA Customers Won’t Work ©2025 Bloomberg L.P. View Comments |
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| 22.03.25 07:57:17 | Here's Why Standard Chartered (LON:STAN) Has Caught The Eye Of Investors | |
| It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story even if these companies are loss-making. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Standard Chartered (LON:STAN). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Standard Chartered's Earnings Per Share Are Growing If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Shareholders will be happy to know that Standard Chartered's EPS has grown 35% each year, compound, over three years. If the company can sustain that sort of growth, we'd expect shareholders to come away satisfied. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. Our analysis has highlighted that Standard Chartered's revenue from operations did not account for all of their revenue in the previous 12 months, so our analysis of its margins might not accurately reflect the underlying business. While we note Standard Chartered achieved similar EBIT margins to last year, revenue grew by a solid 14% to US$19b. That's progress. In the chart below, you can see how the company has grown earnings and revenue, over time. To see the actual numbers, click on the chart.LSE:STAN Earnings and Revenue History March 22nd 2025 View our latest analysis for Standard Chartered You don't drive with your eyes on the rear-view mirror, so you might be more interested in this freereport showing analyst forecasts for Standard Chartered's future profits. Are Standard Chartered Insiders Aligned With All Shareholders? Since Standard Chartered has a market capitalisation of UK£28b, we wouldn't expect insiders to hold a large percentage of shares. But thanks to their investment in the company, it's pleasing to see that there are still incentives to align their actions with the shareholders. With a whopping US$48m worth of shares as a group, insiders have plenty riding on the company's success. This would indicate that the goals of shareholders and management are one and the same. Story Continues Should You Add Standard Chartered To Your Watchlist? You can't deny that Standard Chartered has grown its earnings per share at a very impressive rate. That's attractive. This EPS growth rate is something the company should be proud of, and so it's no surprise that insiders are holding on to a considerable chunk of shares. On the balance of its merits, solid EPS growth and company insiders who are aligned with the shareholders would indicate a business that is worthy of further research. We should say that we've discovered 2 warning signs for Standard Chartered that you should be aware of before investing here. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of British companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 21.03.25 14:53:06 | Ethiopia, Creditors Agree on $8.4 Billion Debt Restructuring | |
| (Bloomberg) -- Ethiopia has reached a deal with its official creditors to restructure $8.4 billion of international debt, a key milestone in the nation’s efforts to overhaul its loans and boost growth. Most Read from Bloomberg New York Subway Ditches MetroCard After 32 Years for Tap-And-Go LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style Amtrak CEO Departs Amid Threats of a Transit Funding Pullback The agreement with bilateral lenders under the G20 Common Framework, backed by an International Monetary Fund program, will slash debt service by $2.5 billion through 2028, its finance ministry said on Friday, without giving details of the terms. The deal will allow the country to spend more on “critical public investments,” the ministry said in a statement. The pact with the official creditors led by China and France paves the way for a deal with private creditors, including holders of the $1 billion eurobond that Ethiopia defaulted on a year before its December 2024 maturity. “This agreement will support ongoing good faith engagement with external commercial creditors, including bondholders,” the ministry said in a statement. Ethiopia’s defaulted dollar bond was little changed at 86.21 cents on the dollar on Friday. But it has rallied for seven successive months amid optimism the government would move closer to a debt-restructuring deal with private creditors. ‘Better Terms’ The December 2024 security has gained 8.3% this year. That’s a bigger return than in 97% of the bonds included in the Bloomberg EM Sovereign Total Return Index. “Bondholders have been looking for better restructuring terms and recent gains may suggest that such an outcome is partly priced in,” said Samir Gadio, the head of Africa strategy at Standard Chartered Plc. “Because the ad-hoc bondholder committee has a significant blocking minority, it may have some leverage to secure better terms.” Further gains on the bond would depend on actual progress with the talks, he said. The eurobond restructuring must ensure comparability of treatment with official creditors and the financing-gap assumptions of the IMF, he said. Ethiopia was Africa’s fastest-growing economy until it was hit by a series of headwinds including six years of drought, the Covid-19 pandemic, a brutal civil war in its northern Tigray region that ended in November 2023 and the impact of Russia’s war in Ukraine. When Ethiopia stopped making payments on the bond in December 2023 it became the latest emerging-market sovereign to default. As of December 2024, four countries had applied to the so-called Common Framework to restructure their debt: Chad, Ethiopia, Ghana and Zambia. Story Continues Last year, Ethiopia floated its exchange rate and adopted an interest-rate based monetary policy framework, part of a raft of major economic reforms that helped it helped secure a $3.5 billion financing package from the IMF in July. On a visit to the country last month, IMF chief Kristalina Georgieva said the lender had already disbursed about $1.5 billion because of Ethiopia’s “strong achievements in the early months of the program.” The economy expanded by 8.1% last year amid the reforms, exceeding the 6.1% that the IMF had projected. --With assistance from David Herbling. (Updates with details throughout.) Most Read from Bloomberg Businessweek A New ‘China Shock’ Is Destroying Jobs Around the World Tesla’s Gamble on MAGA Customers Won’t Work How TD Became America’s Most Convenient Bank for Money Launderers One Man’s Crypto Windfall Is Funding a $1 Billion Space Station Dream The Real Reason Trump Is Pushing ‘Buy American’ ©2025 Bloomberg L.P. View Comments |
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