The $1.15 trillion Norwegian wealth fund has announced that in the third quarter of 2022 the fund had suffered a loss of $43.47 billion.
The President of Germany Frank-Walter Steinmeier has stated that the Russian invasion of Ukraine has shattered the Gorbachev's idea of a common European home.
As the company released its quarterly results, Volkswagen revealed that it expects supply issues to remain intact and earnings to stagnate below pre-coronavirus levels.
The Chinese firm CanSino Biologics has revealed to the world an inhalable COVID-19 vaccine. Other vaccines are administered via an injection.
The European Central Bank has announced that it would continue to tighten monetary policy during the upcoming months.
The German economy has managed to grow 0.3% in the third quarter of 2022, compared to the market expected 0.2% decline.
In the third quarter of 2022, the French Gross Domestic Product increased by 0.2%. Meanwhile, inflation continue to rise in October.
The commodity trader Glencore has revealed that the company expects to reach record profits for the year of 2022 despite a decline in earnings in the second half of the year.
The largest Indian carmaker Maruti Suzuki has announced that the company has quadrupled its second quarter profit due to record sales and easing commodity prices.
Elon Musk has announced that the bird is freed, as he took Twitter private in a $44 billion deal. The new owner of the company has already fired the CEO, CFO and policy chief.
In the aftermath of scandals and losses, the Swiss bank Credit Suisse has announced that it would raise 4 billion Swiss francs by selling the company's stock.
The US Core PCE Price Index has been revealed to have increased by 0.5%, which was expected by the markets. As the news came out, the Dollar index plummeted 0.20% causing a surge of stock indices and commodity prices.
Shell has posted a quarterly profit of $9.45 billion, which was lower than the previous quarter's record high due to weaker gas trading and refining.
As the Twitter takeover by Elon Musk approaches, the company's stock is set to be suspended from the New York Stock Exchange on Friday, October 28.
Despite the massive depreciation of the Japanese Yen and currency interventions done by the Bank of Japan, the central bank has recently announced that it would stick to its monetary easing policy. The central bank has kept its short term interest rate target at -0.1% and pledged to keep the 10-year bond yield near 0.0%.
Samsung Electronics has revealed that the company expects to increase its memory chip supplies despite competitors expecting a decline in demand.
In the third quarter of 2022, TotalEnergies gained a profit of $9.86 billion, compared to $4.77 billion in the third quarter of 2021.
Reuters has reported that Europe's banks had been beating their profit expectations due to volatile markets and high interest rates.
The US quarterly Advance Gross Domestic Product data has been published. The US economy has grown 2.6% instead of the market expected 2.3% growth. Moreover, the previous -0.9% decline has been revised up to -0.6%.
Due to a surge in demand for travel and hotels, Hilton has increased the company's annual profit forecasts.
The European Central Bank just hiked its base interest rate by 0.75% up from 1.25% to 2.00%. The markets expected the 0.75% hike and it was assumed to be priced in. However, on the announcement the Euro declined in value, which was attributed to the fact that some market participants expected a 1.00% rate increase.
The commodities trader Bunge has announced that the company would increase its 2022 full-year earnings forecast. The news caused a surge of the company's stock price.
Despite a decline in dealmaking, the quarterly profits of Deutsche Bank have increased. Net profit was 1.1150 billion, compared to a market estimate of 0.8350.
The Finance Minister of the United Kingdom Jeremy Hunt has stated that the new UK fiscal statement would be revealed on November 17.