Other news

Dollar continues to rise, given renewed demand for safe-haven assets and currency weakening. This is due to the U.S. midterm election results.

Citigroup Inc said Tuesday it intends to buy Deutsche Bank's license in Mexico so it can continue its corporate and investment banking operations in the country after the planned sale of its local retail unit.

In China, producer prices dropped to deflationary levels for the first time in two years. This happened because of falling global prices for commodities, as well as restrictions related to COVID-19 epidemics.

Walt Disney Co failed to meet Wall Street's earnings forecast on Tuesday. The entertainment giant has suffered financial losses due to its advancement into streaming video.

Bitcoin and Ether, declined by 4% and 6%, correspondingly, in the background of the sell-off on the cryptocurrency exchange FTX. Last week, CoinDesk reported that a significant part of the FTX’s balance consists of FTT and SOL tokens, which created a range of problems for it.

Politico interviewed European Central Bank Vice President Luis de Guindos. He stated that quantitative tightening

The chairman of Australia's top pension fund has warned about the government's intention to use the citizens' retirement savings, which is primarily due to the fact that the country needs help to solve economic problems and prepare for an upcoming global recession.

Berkshire Hathaway was a net buyer of about $3.6 billion in shares last quarter, which reflects about $8.9 billion in purchases and $5.3 billion in sales, according to its cash flow statement.

Investment managers at Citigroup Inc. and Morgan Stanley expect US inflation peaking, along with monetary easing by the Federal Reserve (Fed). If so, emerging market currencies are likely to be their first stop.

In early December, the EU embargo on marine imports of oil from Russia comes into force. Also, an oil price ceiling will come into effect if it’s supplied to third countries. Thus, oil prices are getting more and more unstable.