Reuters has revealed that over the past decade various Asian car battery makers have invested in production in Hungary, which would serve German carmakers.
The United States Securities and Exchange Commission has decided to propose big changes to the US equity market structure. The reform has been reported to be the largest in two decades.
In November, United States import prices decline by 0.6%. However, prices have remained up 2.7% compared on an annual basis.
Subaru has announced a recall of 271,000 vehicles. The 2019-2021 Ascent sport utility vehicle model has been reported to have high fire risk.
US Senator Marc Rubio has announced new legislation proposal that would ban the Chinese social media app TikTok due to concerns over censorship and espionage.
Bloomberg has reported that the US administration intends to add more than 35 companies to a trade block that would ban them from acquiring US components.
The European Central Bank has just now hiked its Main Refinancing Rate and has published its Monetary Policy Statement. The base interest rate has been hiked from 2.00% up to 2.50%.
US legislators have introduced a new law, which forbids the Chinese company Huawei from accessing US banking services.
The Bank of England has hiked its Official Bank Rate by 0.50%. The official rate has been increased from 3.00% up to 3.50%. Meanwhile, the way how the central bank policymakers voted has caused a decline of the Pound.
The CEO of Tesla and owner of Twitter Elon Musk has revealed a $3.6 billion sale of Tesla stock. The latest sale of shares has brought the total sold amount to $40 billion.
The CEO of the Dutch semiconductor equipment producer ASML Holding NV Peter Wennink has stated to NRC Handelsblad that the Dutch should not adapt US chip export restrictions that are aimed at China.
The Swiss National Bank has hiked the CHF base interest rate from 0.50% up to 1.00%. The event has caused a decline of the Swiss Franc's value.
Binance has reported that in the aftermath of heavy withdrawals suffered on Tuesday, deposits had returned to the exchange.
The United States Federal Reserve has hiked its Federal Funds Rate by 0.50%. The market consensus forecast was a 0.50% hike, which has brought the rate from 4.00% up to 4.50%.
At 19:00 GMT, the US Federal Reserve is expected to hike the Federal Funds Rate. The market consensus is that the Fed is set to hike by 0.50%. Any deviation from the expectations is set to cause market volatility.
The United States Department of Energy has announced that US scientists have made a net energy gain for the first time in a fusion experiment.
The Chinese government has started a trade dispute in the World Trade Organization versus the US control of chip exports to China.
The owner of Twitter Elon Musk has stated that with Basic Blue subscription owners would see only half of ads. In addition, no add plans are set to be offered next year.
Automobilwoche has reported that the Czech carmaker Skoda, which is part of Volkswagen, might withdraw from the Chinese market.
Dukascopy expanded the list of CFDs by 28 of the most liquid Stock CFDs from Mexico, the Volatiltity Index (VOL.IDX/USD) and the South Africa Index (SOA.IDX/ZAR).
The US monthly Consumer Price Inflation has increased by 0.1% instead of the forecast 0.3%. Year-on-year inflation is at 7.1%, compared to forecast 7.3%. Meanwhile, core CPI month-on-month is at 0.2% instead of 0.3%. The markets reacted to the news with an immediate spike up, as US 500 index hit the 4,140.00 mark.
As South Korean shipyards have reached full capacity for the production of liquefied natural gas freight ships, Chinese shipyards have been receiving the left over orders. The Chinese companies have reported an increase of orders of up to 30%.
This week, the authorities of the Bahamas have arrested the CEO of FTX Sam Bankman Fried and intend to extradite the culprit to the US Department of Justice.
The US Treasury Secretary Janet Yellen has stated that inflation in the United States would decline by the end of 2023, unless an unexpected shock impacts the economy.