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.
The Swiss bank Credit Suisse has decided to pay $495 million to settle a court case in the United States against the Attorney General of New Jersey in regards to the banks activities before 2008.
Reuters has reported that in an effort to slow down a government bond rout the Finance Ministry of United Kingdom rushed its new tax and spending plan.
The Bank of America has stated that in 2022 the traditional 60/40 portfolios are about to face worst results over a period of 100 years.
The plant based food producer Beyond Meat has decreased its 2022 earnings forecasts and announced that it would let go of up to 200 employees, which is nearly 20% of the company's workforce.
Twitter court filings have revealed that the CEO of Tesla Elon Musk is under the investigation of federal authorities due to his actions in the $44 billion bid or Twitter.
The French food producer Danone has announced that it would write-off up to one billion of Euros of its dairy business in Russia.
The Monetary Authority of Singapore has tightened its monetary policy, as the markets expected the central bank to follow the lead of the US Federal Reserve.
Despite weakening consumer confidence, IKEA has reported record annual sales, as price hikes have offset a decrease in number of units sold. The decrease of sales had been mostly attributed to the exit from Russian market.
A consortium of private equity firms has announced that it seeks to buy out shares for a total value of $19 billion. The news agency Kyodo has revealed that the total premium for the buyout stock amounts to 26%, compared to Wednesday's closing price. Namely, the buyers appear to have offered 6,450.00 Yen per share.
The American multi-national investment company BlackRock has announced that in the third quarter of 2022 its profits declined by 16.00%.
Delta Air Lines quarterly profits have been reported to be below market expectations. The airline revealed that the hurricane Ian had caused a decline in earnings.
The French government has mandated TotalEnergies to increase employee wages in an effort to stop the spread of the ongoing strike.
The oil producer country cartel OPEC has decreased its oil demand forecasts for 2022 and 2023. In the meantime, the organization had increased its production in September by 146,000 barrels per day.
At 12:30 GMT, US Consumer Price Inflation data was revealed to be higher than expected. The US Dollar reacted to the news with a spike upwards. Commodity prices, stock market indices and peer currencies declined compared to the Dollar.
Recent month on month GDP data for the United Kingdom has revealed that the country approaches a recession, as GDP declined by 0.3% instead of the expected 0.0% stagnation.
The US President Joe Biden has revealed that Saudi Arabia and OPEC+ would face consequences for their recent decision to cut oil production.
The International Monetary Fund has warned that geopolitical events and inflation are bound to increase financial stability risks.
This week, the USD/JPY currency exchange rate reached above the Bank of Japan intervention level, as the pair clearly broke above 146.00.