European Purchasing Managers Index has revealed that the economic decline of the Euro Zone had slowed down in October, as the index has risen from 47.3 up to 47.8.
DP Eurasia, which manages Domino's Pizza in Russia and Turkey, has reported that in the ten months of 2022 the company's sales had increased by 74.60%.
The Vice President of the ECB Luis de Guindos has stated that the Euro Zone's economy is set to show negative growth in the fourth quarter of 2022.
The Swiss banking group Credit Suisse has revealed that it expects to incur a pre-tax loss of 1.5 billion CHF in the third quarter of 2022.
Despite reporting better than expected quarterly results, the stock price of Nordstrom plummeted at the start of Wednesday's US trading hours. The stock price started the day at the $20.60 level, compared to yesterday's close at $22.65. Namely, the shares dropped 9.45%.
The European Commission has proposed the introduction of a cap on gas prices for one year, starting from January 1 2023. However, a revealed draft of the legislation does not include the actual price limit.
The government of Spain has revealed plans to support the mortgage payments of more than one million Spanish households.
Mazda Motor Corporation has revealed plans to invest $10.6 billion in an electrification of the company's vehicles.
It has been revealed by an exchange filing that Berkshire Hathaway had sold 3.23 million shares of the Chinese electric car producer BYD. The deal amounts to stock valued at $80.67 million.
The former Deputy Governor of Bank of Japan Hiroshi Nakaso has recently stated that the central bank should remove its ultra-loose monetary policy, as soon as the economy would be below potential capacity.
The Italian government has announced a new budget, which would focus on energy bills and cutting taxation of payroll and self-employed workers.
Deutsche Bank has revealed that it expects US leveraged loan defaults to reach record highs of 11.3% during 2024. Meanwhile, Euro loans could experience a default rate of 7.1%.
This week, the British Financial Conduct Authority stated that trading apps should review their features and ensure that users would not be enticed into gambling like practices.
The Chief Executive Officer of Virgin Atlantic Shai Weiss has revealed that the company expects a tough 2023, despite recently beating earnings expectations.
Crude oil prices plummeted almost 5.00% at the start of Monday's US trading due to a Wall Street Journal publication. The WSJ revealed that OPEC+ are in the process of discussing a 500,000 barrel per day crude oil production increase. A potential increase would be approved at the OPEC+ meeting on December 4.
Disney has announced that it would bring back Bob Iger as CEO a year after his retirement. The news caused an 8.21% jump of the company's share price.
The President of France Emmanuel Macron has invited various European Chief Executives to a dinner. The President intends to convince the CEOs not to shift production to the US due to lower energy prices and the incoming Inflation Reduction Act.
The US bank JPMorgan Chase has revealed that it expects a mild recession in 2023, which would be caused by the US Federal Reserve monetary tightening.
Reuters has revealed that the Chinese government would implement new measures to speed up vaccinations against the Coronavirus.
The Norwegian National Statistics Office has revealed that various oil and gas firms had increased their 2022 and 2023 investment forecasts.
Lidl has revealed that the company's profits had been rising in the United Kingdom, as consumers switch to the discount supermarkets.
The UK luxury brand chain Burberry has announced that due to tourists and Chinese shopper the company has outperformed its quarterly income forecasts.
The Governor of the Bank of Italy Ignazio Visco has stated that the European Central Bank would continue to raise interest rates. However, in his opinion the arguments for less monetary tightening have been strengthening.
The European Central Bank has revealed that it has observed financial stability risk in the use of financial derivatives by energy firms.