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AMC Entertainment: AMC drama is exposing risks in $11 trillion world of indexing

Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune.
The remarkable surge in shares of AMC Entertainment Holdings Inc. and a handful of other stocks is showing up in multiple exchange-traded funds, skewing portfolios, altering risk profiles and exerting outsized influence on prices.
Take the $68 billion iShares Russell 2000 ETF (ticker IWM). In the past week through Thursday, AMC powered 70% of the product’s advance. The stock was responsible for less than a 10th of the fund’s return in the previous week. ....

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SBP bullish on growth, sees downside risks from lockdown

SBP bullish on growth, sees downside risks from lockdown
Business
June 4, 2021
KARACHI: The central bank has revised up its growth forecast to 2 to 3 percent for the current fiscal year on reviving large scale manufacturing and better wheat output prospects, but it sees downside risks stemming from a potential COVID-associated lockdown.
“With half of FY21 now passed, the recovery in economic activity is becoming more visible,” the State Bank of Pakistan (SBP) said on Thursday.
SBP expected real GDP growth to exceed the target of 2.1 percent and revised its real GDP forecast for FY21 upwards to 2-3 percent from the earlier range of 1.5-2.0 percent provided in the first quarterly report of FY21. ....

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Experts warn about cryptocurrency risks

The Inner Mongolia autonomous region released a draft plan on Tuesday to phase out cryptocurrency "mining" activities in the region, which came in the wake of the central financial regulating authorities' restrictions on bitcoin mining and trading. ....

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ITC Hotels receives platinum certification for hygiene protocol to reduce risks of infections

ITC Hotels receives platinum certification for hygiene protocol to reduce risks of infections
Updated:
Updated:
May 25, 2021 23:35 IST
The certification is by an external agency that usually works with hospitals and it took around 14 months from start to finish.
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The certification is by an external agency that usually works with hospitals and it took around 14 months from start to finish.
ITC Hotels has received the platinum level certification under DNV’s My Care Infection Risk Management Program for its ‘WeAssure’ hygiene protocol, which has over 40 new standard operating procedures (SOPs) to reduce risks of infections.
The certification is by an external agency that usually works with hospitals and it took around 14 months from start to finish. The auditing team included doctors since it has everything to do with health, hygiene and safety. The certificate is valid for three years (till 2024) and is subject to period ....

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Buenos Aires Times | Safe havens take hit in South America as pandemic sparks unrest

Political turmoil across the region can be seen as the opening salvo in an anti-establishment push after the pandemic hit Latin America and exacerbated inequality like nowhere else. ....

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