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28 January
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Crypto Brokerage Genesis warns about bankruptcy if the funding fails
Digital-asset brokerage Genesis tries to find new funds for its credit unit in various ways. The company also plans to inform potential investors about the risk of bankruptcy. According to the insiders, this will happen if the company fails to raise the necessary funds.
22 November 2022
Gold resumes growth with the Fed's sentiment limiting it
Gold prices rose on Tuesday, ranging between a two-week low. This is due to the Fed’s hawkish stance that pushed the dollar higher.
22 November 2022
S&P forecasts U.S. corporate defaults to more than double
S&P Global Ratings predicts that the corporate default rate could reach 3.75%. This will likely happen if the U.S. Fed, instead of lowering inflation, achieves a slight economic downturn through its actions. In case of the recession, the projected rate increases to 6%.
22 November 2022
Intel's head of contract chip manufacturing is stepping down
CEO Randhir Thakur is leaving Intel Corp. He managed a key part of the chip maker's transformation plan
22 November 2022
US and Chinese defense ministers meet for the second time this year
The Chinese and US defense ministers met on Tuesday for their second private talks this year, a US official said.
22 November 2022
Moody's outlines that credit outlook for non-financial companies is deteriorating
According to Monday’s announcement made by Moody's, an international rating agency, credit conditions for non-financial companies in Europe, Africa, and Middle East might deteriorate significantly in the following year.
22 November 2022
Japanese authorities are calling for ensuring permanent funding of defense budget
According to a statement made on Tuesday by Japanese Finance Minister Shunichi Suzuki, it’s currently important for the country to give close attention to the defense budget.
22 November 2022
December restart of Freeport LNG export plant in USA is in doubt
Freeport LNG has yet to seek permission from the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) to restart operations at the Texas plant. The customers raised doubts that the facility may not return to service by the end of the year.
22 November 2022
Oil recovered after volatile session, OPEC+ decision in the spotlight
Investors managed to shake oil prices by manipulating speculation about supply and demand. It was unclear what supply would be, and there were fears that demand would fall in China due to COVID-19 restrictions. However, the oil prices succeeded to recover.
22 November 2022
Daly from FRS says that it is premature to rule out another 0.75% rate hike
On Monday, the head of Fed in San Francisco Fed Mary Daly declared that it is still too early to refuse a new rate hike. When asked by journalists about the next meeting, she replied that the rates still require to be discussed.
22 November 2022
