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19 March
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Amazon freezes hiring in advertising business
Amazon Inc. is postponing a hiring process in its advertising division. These actions point to cuts in the world's largest e-commerce platform’s spending due to the sales slowdown.
2 November 2022
U.S. dollar falls ahead of Fed decision
The U.S. dollar slipped against major currencies on Wednesday. Traders are concerned about the U.S. Federal Reserve's upcoming interest rate decision and it affects the exchange rate. The Fed is about to take measures that will give hints to future policy.
2 November 2022
Bank of Canada doesn’t exclude the possibility of a sharp rate hike
Bank of Canada Governor Tiff Macklem stated that he doesn’t exclude the possibility of another sharp rate hike for the purpose of fighting inflation. Inflation remains higher than its target level of 2%, even though it declined to 6.9% in recent times.
2 November 2022
Ripple's allies in the conflict with the SEC are growing in number
Ripple Labs is still suing with the SEC. In this regard, cryptocurrency exchange Coinbase, located in the United States, has asked for help for the technology company. The exchange was the latest company to join in supporting Ripple Labs in its conflict with the SEC.
2 November 2022
New Zealand’s unemployment remains at record low
New Zealand's unemployment data showed that the third quarter indicators remained the same. However, a wage growth took place, putting more pressure on the central bank to keep interest rates hiking.
2 November 2022
Fed to hike rates again and open door to downshift in the future
The Federal Reserve is expected to hike rates by 75 basis points on Wednesday to a range of 3.75 to 4%. Thus, rates will be at their highest since 2008.
2 November 2022
ECB could start shrinking balance sheet next year
Bundesbank President Joachim Nagel outlined an ambitious 8.8 trillion euros balance sheet reduction plan. Nagel said the European Central Bank intends to cut a huge balance sheet from government bonds early next year.
2 November 2022
Oil prices rise amid expectations of demand from China and a decline in U.S. inventories
Oil prices rose on Wednesday after industry data showed a sudden drop in U.S. crude inventories, indicating continued demand despite a significant increase in interest rates holding back global economic growth.
2 November 2022
Swedish Match long-term shareholder opposes deal with Philip Morris
Philip Morris International Inc made the "best offer" to acquire Swedish Match AB. It was set to pay 116 Swedish crowns ($10.53) per share. Framtiden Partnerships, a Swedish Match shareholder for nearly two decades, said it would reject the deal.
2 November 2022
Energy crisis can provoke quick deindustrialization of Europe
This month the level of manufacturing activity in the Eurozone fell to its lowest point since May 2020. This suggested that the countries of Europe are approaching a recession.
2 November 2022
