As Credit Suisse approaches the final stage of its $4.25 billion worth new stock sale, Reuters has reported that its sources expect the bank to succeed in raising the additional cash and financing a recovery of the bank.
Blackstone Private Credit Fund has revealed in a regulatory filing that in the fourth quarter of 2022 the fund has received withdrawal requests from its investors that amount to nearly 5.00% of the total outstanding stock.
In November, Chinese exports have reached worst level since February 2020, as the steepest decline since May 2020 has been observed. The decline has been attributed to a decline in global demand and local production disruptions.
Tesla has announced a 6,000 Yuan ($859.20) to Chinese buyers starting from Wednesday up to the end of the year.
The Chief Financial Officer of BlackRock Gary Shedlin has revealed that the company would freeze hiring and reduce spending. In October, the asset manager revealed that its assets under management had decreased by 16%.
The government of South Korea and foreign electric vehicle makers have asked the US administration to create a $4,000 tax credit for EV buyers. The producers have suffered since the US cancelled a prior $7,500 tax credit for EVs assembled outside of North America.
The South Korean electronics companies LG and Samsung have revealed plans to invest additional $2 billion in Vietnam.
The Chief Economist of the European Central Bank Philip Lane has stated that the central bank would have to increase interest rates to tame inflation, despite inflation being close to peak.
In the aftermath of the FTX fiasco, the US bank Goldman Sachs has decided to invest in crypto companies with decreased valuations.
Due to government incentives, BP has decided to invest in a new hydrogen fuel production hub in Whiting, Indiana.
The Reserve Bank of Australia has once again hiked base interest rates by 0.25%. By doing so, the central bank has hiked the rate to 3.10%, which is the highest level in a decade.
The founder of FTX Sam Bankman-Fried has tweeted that he would give testimony to the US House Financial Services Committee on the collapse of his crypto exchange.
The Chinese electric vehicle manufacturer BYD has announced that it would start exporting vehicles to Japan by early 2023.
The top Apple supplier Foxconn has revealed that its plant in China would be back to full output in early January.
Due to the reduction of COVID measures in China, the Yuan has surged above the 7.00 mark against the US Dollar. This is the strongest level since mid-September.
This week, the European Union, Australian and G7 country price cap on Russian oil exports came into force. However, there was no observable impact on oil prices, as the price cap appeared to have been price in beforehand.
Reuters has reported that the electric vehicle unit of Evergrande would suspend mass production due to a lack of orders.
The Chief Financial Officer of the state of Florida has announced that they would pull out $2 billion of assets from BlackRock's ESG fund. The divestment makes a precedent for removing a state investment from an environmental, social and corporate governance policy implementing fund.
The electric vehicle company Tesla has delivered its first heavy duty truck to PepsiCo. However, the company has not offered the model's pricing or revealed production plans.
The European Union has tentatively agreed upon a $60 price ceiling on Russian seaborne oil. In addition, the EU intends to implement an adjustment mechanism, which would keep the price cap 5% below market prices.
Due to the reduction of anti-coronavirus measures in China investment has poured into the country. This has resulted in the Chinese Yuan booking its largest weekly gains since 2005.
The United States monthly employment data has been revealed to be better than expected. The news have caused a surge of the US Dollar, which can be observed across all of the financial markets.
The European Union officials have informed Twitter that the app could be banned due to the company not abiding by EU content moderation rules.
Due to a marker light issue, Tesla has announced that it would update the software of 435,000 vehicles in China.