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19 March
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ECB needs to shift policy gradually amid crisis
Ignazio Visco, the current governor of the Bank of Italy, says the European Central Bank (ECB) should curb inflation in a planned manner, anticipating the risks faced by the Eurozone.
1 November 2022
Gold price decline continues amid rising interest rates and dollar recovery
The dollar rebounded ahead of a widely anticipated Fed interest rate hike, which led to gold prices declining. The US interest rates are at their highest levels since the 2007–2008 financial crisis.
1 November 2022
Goldman strategists expect 0.25% Fed rate hike in February and March 2023
Analysts at Goldman Sachs predict that the federal funds rate will peak at 4.75-5%. In addition, a new increase of 25bp is expected in March 2023. In total, Goldman Sachs advocates a November increase of 75bp, a December increase of 50bp, and subsequent steps of 25bp in both February and March.
1 November 2022
Russian ruble stabilizes after Russia suspends participation in Black Sea grain deal
According to Reuters, the Russian ruble has reduced its losses after Moscow said at the weekend that it would suspend its participation in a historic grain deal in the Black Sea.
1 November 2022
Heads of online store and information systems leave Apple
Several Apple Inc executives involved in the retail online store and information-systems divisions left their posts.
1 November 2022
India's Appario to stop selling on Amazon
Appario will stop listing items on the shopping site. The U.S. company made this announcement after facing accusations from regular retailers that it had given preferential treatment to this seller.
1 November 2022
Tesla begins work to expand its plant in Germany
Tesla's Berlin electric car plant in Grunheide is one of the most important factors, it’s playing a major role in the company's development in Europe. To grow steadily, the company needs to expand the plant's territory, thus, cutting down nearby forests has already begun.
1 November 2022
OPEC raises demand forecasts, oil recovers some of its losses
According to Reuters, oil prices reversed their recent declines Tuesday after OPEC raised its medium- and long-term demand forecasts and reiterated its willingness to help stabilize prices if necessary for markets.
1 November 2022
Biden threatens oil and gas companies with additional taxes
US President Joe Biden urged oil and gas companies to use their record profits to reduce gasoline prices for U.S. citizens. If the companies refuse to do so, the President threatens them with additional taxes.
1 November 2022
Bank of America carries out personnel shifts
Bank of America appointed Adam Cady to the position of leader of a financial sponsors group on both American continents. Filip Rensky was named as vice chair of world financial sponsors.
1 November 2022
