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Binance refuse the deal to buy FTX, the crypto market is in a panic
Binance refused the acquisition of the competitor FTX. The amount of the deal is undisclosed.
10 November 2022
Fed's Kashkari: Talk of a pivot is premature
According to Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, the Fed's current tight policy is unlikely to change, even though Kashkari himself is a proponent of raising interest rates by fewer basis points than the current hikes are.
10 November 2022
Walt Disney shares fall 7% following profit decline
The Walt Disney Co. stocks fell more than 7% in pre-market Wednesday trading. That came right after the company announced lower earnings for the fourth quarter of 2022.
9 November 2022
The US again lowered its forecast for oil production for next year
On Tuesday, the Energy Information Administration (EIA) released its monthly report, which now expects production to reach 12.31 million barrels a day in 2023.
9 November 2022
Inflation in Australia may be near peak, but there are many risks - RBA
The Reserve Bank of Australia deputy governor Michele Bullock said Wednesday that inflation in Australia might soon reach a peak of the cycle. She also noted that inflation could continue to climb fueled by energy and rent prices and the geopolitical situation.
9 November 2022
Japan's current account surplus shrank the most since 2008
The weak yen and rising commodity prices caused Japan's trade balance to fall into deficit, which in turn provoked a decline in the current account in the first half of 2022. It’s estimated to be the largest decline since the global financial crisis of 2008 and the second largest since 1985.
9 November 2022
Issuance of new loans in China is slowing down
According to the Reuters poll, the number of loans made in China in October was down significantly from September's figures.
9 November 2022
Beat, an Uber rival, leaves Latin America
According to an official statement, a taxi and ride-sharing app Beat leaves Latin America to focus on developing the service in Europe. The company announced this decision in an email to its users.
9 November 2022
Tesla Shanghai shown its highest pace inventory accumulation in October
While car manufacturers and market participants are preparing for a possible decline in the most significant car market of the world, the Tesla company demonstrated its highest pace of adding to electric car inventory in Shanghai last month, as it was shown by brokerage data.
9 November 2022
China’s Zhengzhou lifts quarantine with Apple supplier maintaining COVID restrictions
Foxconn, an Apple product supplier, said that it continues to operate in a limited mode. Despite lifting a 7-day quarantine in Zhengzhou, the iPhone manufacturing plant has no plans to ease restrictions anytime soon.
9 November 2022
