- Mon, 28 Nov 2022 10:30:08 GMT
Poland freezes gas tariffs
The Polish government has announced that it would freeze household gas tariffs at 2022 levels.
- Mon, 28 Nov 2022 08:30:08 GMT
Workers continue to leave Foxconn
The main iPhone producer in China Foxconn has been reported by Reuters as set to suffer further shipment delays due to more workers stopping work.
- Mon, 28 Nov 2022 06:30:07 GMT
Amazon workers protest in Europe
On Black Friday, Amazon workers were observed to have protested low wages in France and Germany.
- Fri, 25 Nov 2022 12:30:07 GMT
Japan reports on economy
The Japanese government has publishes an assessment of the national economy. In November, the economy had experienced a moderate recovery. However, global risks remain persistent.
- Fri, 25 Nov 2022 10:30:08 GMT
Sweden hikes interest rates
The Swedish Riksbank has hiked its base interest rate to 2.50% and announced that it could continue its monetary tightening in 2023.
- Fri, 25 Nov 2022 08:30:09 GMT
Regulators receive guidelines on crypto
The International Organization of Securities has sent out rules and principles for the regulation of cryptocurrencies and trading platforms to the G20 countries.
- Fri, 25 Nov 2022 06:30:07 GMT
Dollar holds low despite Fed Meeting Minutes
In the aftermath of the release of the US Federal Reserve Meeting Minutes, the US Dollar has continued to trade near low levels. The Meeting Minutes revealed that the US Fed could slow down interest rate hikes.
- Thu, 24 Nov 2022 14:30:07 GMT
IMF addresses China
The International Monetary Fund has urged the Chinese government to boost coronavirus vaccinations and to restore confidence in the real estate sector.
- Thu, 24 Nov 2022 12:49:18 GMT
Bundesbank sees no property correction
Despite observing systemic economic strain, the Bundesbank has reported that there is no correction in the housing market.
- Thu, 24 Nov 2022 12:30:06 GMT
Euro Zone decline slows down
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.
- Thu, 24 Nov 2022 10:30:06 GMT
Domino's Pizza profits increase in Eurasia
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%.
- Thu, 24 Nov 2022 08:30:06 GMT
ECB expects economic decline
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.
- Thu, 24 Nov 2022 06:30:07 GMT
Credit Suisse expects losses
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.
- Wed, 23 Nov 2022 14:36:15 GMT
Nordstrom stock price plummets
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%.
- Wed, 23 Nov 2022 14:30:06 GMT
EU proposes limit on gas prices
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.
- Wed, 23 Nov 2022 12:30:13 GMT
Spain supports mortgage payments
The government of Spain has revealed plans to support the mortgage payments of more than one million Spanish households.
- Wed, 23 Nov 2022 10:30:07 GMT
Mazda invests in electric vehicles
Mazda Motor Corporation has revealed plans to invest $10.6 billion in an electrification of the company's vehicles.
- Wed, 23 Nov 2022 08:30:08 GMT
Berkshire sells BYD shares
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.
- Wed, 23 Nov 2022 06:30:07 GMT
Nakaso comments on BoJ stimulus
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.
- Tue, 22 Nov 2022 15:30:07 GMT
Italy reveals new budget
The Italian government has announced a new budget, which would focus on energy bills and cutting taxation of payroll and self-employed workers.
- Tue, 22 Nov 2022 12:30:06 GMT
Deutsche Bank expects leveraged loan defaults
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%.
- Tue, 22 Nov 2022 09:30:07 GMT
UK regulators comment on trading apps
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.
- Tue, 22 Nov 2022 06:30:07 GMT
Virgin Atlantic warns of tough 2023
The Chief Executive Officer of Virgin Atlantic Shai Weiss has revealed that the company expects a tough 2023, despite recently beating earnings expectations.
- Mon, 21 Nov 2022 14:56:02 GMT
Oil prices plummet due to WSJ publication
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.