The Bank of Japan has kept its policy rate at -0.10%. In addition, the board announced details that caused a drop of the Yen. Namely, the BoJ revised its inflation forecasts for 2023, 2024 and 2025. If compared to US and European announcements of 2.00% inflation in 2024, the news indicate that the Bank of Japan will do less tightening
The Chief Executive Officer of Carlsberg has announced that the company is cutting all ties to its Russian business, but refuses to make a deal with the Russian government. Any of the proposed deals would only legitimize the already done seizure of Carlsberg assets.
British Petroleum has reported its third quarter financial results. The markets expected the company to have earned $4.0 billion. However, the actual earnings were $3.3 billion.
United States pharmacy workers from Walgreens and CVS have started three day walkout to protest working conditions.
The hard drive maker Western Digital has revealed that it intends to split into two companies. The news caused a major surge of the company's stock price.
The Japanese electronics manufacturer Panasonic has revealed that it has reduced its production of electric vehicle battery production due to the expectations of a decline of the EV market.
The US restaurant chain McDonalds has reported higher than expected quarterly profit due to cheaper menu and McNugget promotion. The news caused a surge of the company' stock price.
The Ford Motor Company has announced that it expects lower profits due to a decline in demand for electric vehicles.
Due to support from the government Chinese industrial profits have reported to have continued to increase in September.
The Tokyo October Core CPI has increased to 2.7% instead of the market expected 2.5%. The new data pressures the Bank of Japan into ending its ultra-easy monetary policy.
The airplane maker Boeing has announced that its defence business has once again booked an annual loss. The total losses amount to $1.7 billion.
At 12:30 GMT the US Core Personal Consumption Expenditures Index revealed that month on month the inflation that affects the consumers had increased by 0.3%. The high reading was expected, due to which the US Dollar reacted with a slight decline from 106.65 down to the 106.35 mark.
Reuters has reported that Shell has decided to fire 15% of its low-carbon solutions unit. The company has decided to scale back an ongoing hydrogen overhaul.
United States interest rates on home loans have reached a high level not seen since September 2000. The average rate for a 30-year fixed mortgage has reached 7.9%.
As the USD/JPY currency exchange rate has reached above the 150.00 mark, the Japanese officials have reaffirmed their stance that excess currency volatility is seen as undesirable.
The United States quarterly advance Gross Domestic Product data has revealed that the country's economy has recovered by 4.9%.
The ECB has just revealed to the world that it is set to keep its Main Refinancing Rate unchanged at 4.50%. Market analysts expected the central bank to act this way. The news caused no immediate change in the value of the Euro.
On Thursday, stock indices continued to decline, as the sell off gained more momentum due to the release of quarterly earnings.
The oil giant Chevron Corporation has went into an all-stock deal to buy the Hess Corporation for a total of $53 billion.
The EU Tax Observatory has announced that a global billionaire tax might result in a total tax yield of $250 billion.
The impact of new anti-obesity drugs has been speculated to move on to food maker stock prices. Namely, if the consumers are capable to overeat and overdrink and avoid health risks by taking the new drugs, the food producers are set to increase their sales.
The Swiss drug maker Roche has made a deal with Pfizer and Roivant to purchase the right to a new bowel diseases drug for a total of $71. Billion.
The airplane maker Airbus has scored a $1.27 billion contract to upgrade and further service the French fleet of A330 Multi Role Tanker Transports.
The US White House has decided to create 31 new regional tech hubs that would make them eligible for $500 million in federal funding.