The US Treasury Department has revealed that it would soon propose new rules that would end anonymous luxury home purchases that are supposedly used for money laundering.
United States mortgage delinquency rates have continued to decline and most recently reached all-time low levels. The low rate has been attributed to a strong job market and low interest rates prevailing on a majority of mortgages.
The largest Swiss bank UBS has revealed that it will not need the 9 billion CHF government subsidy for the Credit Suisse takeover.
Economists have revealed that due to the reversal of Turkish economic and monetary policy, inflation could slow down to a pace from 5.5% up to 8.5%.
The Vietnamese electric vehicle producer VinFast has received the approval for a Nasdaq SPAC listing. The company is set to start trading as soon as this week.
As the government economic stimulus measures have continued to fail, the Chinese economy has experienced deflation for the first time in two years.
The United States officials have published the monthly Producers Price Index change. The Dollar reacted to the news with an initial move upwards.
It has been reported by Reuters that the White House intends to restrict US investments in China. Namely, investing in sensitive technology might be forbidden.
The electric vehicle maker Rivian has increased its 2023 production target and reassured its stakeholders that the company has enough liquidity for growth.
The United Kingdom has published its monthly Gross Domestic Product data. The UK economy was expected to have grown by 0.2%. However, it turned out that the country has recovered in economic scale by 0.5%. The event caused a sharp surge of the GBP/USD of 0.22%.
Sony has revealed that the company has experienced a drop in quarterly profits due to a major decline in its move business.
The payments firm PayPal has announced that it would launch a new dollar backed stablecoin. The news boosted the company's share price.
The US Bureau of Labor Statistics has just released the US monthly Consumer Price Index change. Namely, the inflation data has been published. The US Dollar index reacted to the news with an initial drop, as it plummeted below 102.00
United Kingdom's data regulators have started to investigate whether Snapchat has been addressing the issue of underage users using its app.
Reuters has reported that Walt Disney Company has compiled a task force for the studying of ways to use artificial intelligence.
The Chinese development firm Country Garden has announced that it had not paid out its two dollar bond coupons. The total unpaid amount has been $22.50 million.
Despite risks associated with the ongoing war, natural gas traders have continued to use storage units in Ukraine, which are offering lower prices.
The manufacturer of electric vehicle parts Proterra has filed for bankruptcy. The company is the latest among companies going bankrupt in the industry.
The Italian government has approved a one-time 40% tax on bank profits that have increased due to increasing interest rates.
The rating agency Moody's has downgraded several US banks and revealed that more banks could receive a credit rating decrease.
Imports and exports of China have continued to decrease more than expected, as weak global and domestic demand has impacted the recovery of the Chinese economy.
Due to a decline in demand for meats Tyson Foods has announced that the company would shut down four meat processing plants.
Reuters has revealed that due to companies leaving the Chinese investment market the country has experienced a foreign direct investment low level not observed for 25 years. Due to this reason the Yuan has lost value because of a decline of demand.
In the second quarter of 2023 Saudi Aramco has reported a profit decline of 38%. The company has made $30 billion during the quarter.