Briefing 22-11-2020

Mixed trend in IT companies' EPS

Listed IT companies have performed mixed in recommending dividend and reporting EPS (earnings per share) for the financial year (FY) compared to previous FY. Page 9

Trump's election prospect bleak

Donald Trump has had a fresh setback in his bid to overturn his loss in the US election as Michigan lawmakers indicated they would not seek to undo Joe Biden's projected win in the state. Page 11

China's recovery jeopardises climate pledge

China's reliance on coal-powered industry to propel its economic recovery threatens to undermine President Xi Jinping's goal of reaching net zero carbon dioxide emissions by 2060, new research showed. Page 15

Pakistan balks at IMF demands

Talks between Pakistan and the IMF to restart a $6b loan programme have stalled over Prime Minister Imran Khan's refusal to introduce unpopular measures, say senior government officials. Formal discussions to release a tranche of funding have been pushed back over concerns from Islamabad that instituting the reforms would provoke a backlash. Page 16