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Cyprus' Religious Leaders prey for informal summit...

© In-Cyprus 2021
The Religious Leaders of Cyprus that make up the Religious Track of the Cyprus Peace Process (RTCYPP) have jointly expressed their best wishes for the meetings starting in Geneva on Tuesday to end the stalemate of the divided island’s peace process.
And for the UN-brokered dialogue aiming towards the reunification of Cyprus, divided since a 1974 invasion by Turkey, to resume.
In a press release, the religious leaders said the two leaders are “meeting at a holy time for Christians and Muslims; Easter and Ramadan, when we in Churches and Mosques all over our island ask for forgiveness, pray for. ....

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Nomura posts biggest quarterly loss in over a decade on $2.3 billion Archegos hit

2 Min Read
FILE PHOTO: The logo of Nomura Securities is seen at the company s Head Office in Tokyo, Japan, November 28, 2016. REUTERS/Toru Hanai/File Photo
TOKYO (Reuters) -Nomura Holdings Inc reported on Tuesday a $2.3 billion hit from the collapse of U.S. investment fund Archegos, causing it to log its biggest quarterly net loss since the 2008 global financial crisis.
Japan’s biggest brokerage and investment bank said while it expects to book a further $570 million in charges related to Archegos this financial year and would be beefing up its risk controls, it saw the debacle as an isolated incident.
“We are not planning to make major changes to our U.S. and global business strategy,” Nomura CEO Kentaro Okuda told a media briefing. ....

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Results: Axis Bank's net profits zooms by 300% to Rs 6,588 crore in FY 2021

The bankâs Net Interest Income (NII) grew 11 per cent yoy to Rs 7,555 crore in fourth quarter of FY21 from Rs 6,808 crore in fourth quarter of FY20.
The bank reported a growth in retail fees 16 per cent yoy and 17 per cent quarter on quarter (QoQ); and constituted 64 per cent of the Bankâs total fee income.
As on March 31, 2021, the Bankâs reported Gross NPA and Net NPA levels were 3.70 per cent and 1.05 per cent respectively as against 4.55 per cent and 1.19 per cent as on December 31, 2020. This reflects decline of 116 bps and 51 bps respectively on a you basis and a decrease of 85 bps and 14 bps on GNPA and NNPA respectively on a sequential basis. ....

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UPS soars on record results, stock leaps

By Reuters Staff
2 Min Read
(Reuters) -United Parcel Service Inc on Tuesday posted record quarterly profit and revenue on pandemic-fueled demand for doorstep deliveries and air transportation.
Shares in the world’s biggest package delivery firm soared 12.1% to $197.07 in early trading, after operating profit swelled during the first quarter, when severe winter weather briefly disrupted operations.
“The company crushed our more conservative estimates, as operating leverage in the domestic segment – the key controversy
on the stock – was very strong,” Bernstein analyst David Vernon wrote in a client note.
Business is booming at UPS and rivals like FedEx Corp, DHL and Amazon.com Inc since the pandemic shifted purchases of everything from food to furniture online. ....

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