The Chinese Yuan has decreased to its lowest levels since the 2008 financial crisis. The currency has continued to decline despite support from the state.
Toyota has announced that the company expects to once again decrease its 2022 output forecasts due to a shortage of semiconductors.
American Airlines have announced that due to an increase in demand, the airline expects strong fourth quarter results. The company expects earnings per share between 50 and 70 cents. Meanwhile, analysts forecasts earnings per share at 22 cents.
The stock price of Snap plummeted at the start of the day's trading, as the company reported that it expects zero revenue growth in the current quarter. The news impacted all social media stock prices, as YouTube owner Alphabet, Meta Platforms and Twitter stocks declined from 1.70% up to 9.20%.
Dow Inc has revealed that due to rising energy prices and declining demand for chemicals, the company's net income had decreased by 56%.
The US wireless carrier has announced that it would increase its 2022 profit forecasts, as Americans have been observed to be upgrading to 5G plans.
The money markets indicate that on October 26 the Bank of Canada would hike its base interest rates by additional 0.75%.
Mercedes-Benz has signed a 1.50 billion Euro deal with Rock Tech Lithium for the supply of 10,000 tons of lithium per year.
In September, US home builder sentiment index continued to decline, as it dropped additional eight points.
The ratings agency Fitch has announced that it expects the strong labour market and consumer demand to reduce the impact of an economic recession in the United States.
AB Volvo has revealed that despite higher earnings in the third quarter of 2022, the company is experiencing a rise in material costs and disruptions of supply. The announcement caused a 6.10% or 10.78 SEK decline of the company's share price.
The Bank of America global fund manager survey has revealed that investors expect the world's central banks to capitulate on their monetary tightening and inflation decrease policies.
The US Dollar has reached above a new benchmark level against the Japanese Yen. During the day's morning hours, the rate shortly traded above the 150.00 level. The event marks a new level for the ongoing depreciation of the Yen.
Meta has agreed to the order of United Kingdom regulators to sell the animated-images platform Giphy.
After Wednesday's US market closure, Tesla published the company's quarterly results. Despite better than expected earnings per share, the company missed the market's revenue expectations, which initiated a sell off of the stock.
The United Arab Emirates have announced that the recent OPEC+ output cut was a correct and not politically based decision.
The stock price of Netflix surged more than 15.00% during the first 30 minutes of the day's US trading due to better than expected quarterly earnings report. The company reported earnings per share of $3.10 instead of market expected $2.14. Meanwhile, the company's total revenue increased by only 1.12%.
In October German investor morale had unexpectedly recovered, as the ZEW economic sentiment index improved to -59.2 from -61.9 in September.
The Chinese Sinopec Corporation has revealed that it had struck a new high yield gas field in the Sichuan basin, which amounts to a total of 258,600 cubic meters.
The Korean carmakers Hyundai and Kia have announced that they have included in their third quarter reports provisions amounting to a total of $2 billion.
The largest Chinese electric vehicle maker BYD has announced that its third quarter profits had most likely quadrupled, as it had successfully increased its lead over Tesla.
The statistics bureau of China has delayed the release of the country's third quarter gross domestic product and other economic data.
The Wall Street Journal has revealed that Goldman Sachs intends to overhaul its business by combining its trading and investment banking units.
The French car manufacturer Renault has announced that it expects electric vehicles and hybrids to make up 40% of its brand sales in 2022.