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Gaotu Techedu GAAP EPADS of -$0.09, revenue of $246.14M beats by $8.36M; gives Q3 outlook

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Mozambique Clears the Last Step Before Opening a Development Bank

The Council of Ministers approved the rules that operationalise the Banco de Desenvolvimento de Mocambique, capitalised at 32 billion meticais.

  • Bank structured as public-law entity with state subscribing 32 billion meticais (US$508 million)
  • New bank supplements existing Banco Nacional de Investimento to reduce poverty

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