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15 July
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Dollar decline and increased US crude oil exports support oil markets
Due to record U.S. crude oil exports, as well as state refineries operating at higher levels for this time of year, oil prices are rising, Reuters reported.
28 October 2022
Intel cuts its profit forecast
On Thursday, an American chipmaker Intel Corp announced the cut of the company’s profit and revenue forecasts for a full financial year, and also the staff reductions. At the same time, the company’s personal computers segment demonstrated higher-than-expected results.
28 October 2022
Tesla recalls more than 20,000 cars due to seat belt problems
According to Reuters, Tesla is recalling more than 24,000 cars across America. The reason is that some defects were found in the seat belts of the Model 3 2017-2022 car.
28 October 2022
Exxon reopens oil fields in Guyana
According to Reuters, two new oil fields were reopened at the Sailfin-1 and Yarrow-1 wells on the Stabroek block in Gayana.
28 October 2022
Japan releases $200 billion package to mitigate inflation
Reuters reported that Japan is determined to fight inflation decisively next year. On Friday, a list of measures will be announced that, among other things, help cut energy costs. Such measures will help both to fight inflation and justify the Bank of Japan.
27 October 2022
ECB will raise rates and reduce bank subsidies
Today, on Thursday, the European Central Bank (ECB) may raise interest rates again and, probably, even reduce subsidies for commercial banks, continuing the euro zone monetary policy tightening in order to fight outrageous inflation.
27 October 2022
ECB to raise interest rates, likely to trim bank subsidies
The European Central Bank will raise interest rates again Thursday and likely get a key subsidy to commercial banks, taking another important step in tightening policy to combat a historic spike in inflation, Reuters reported.
27 October 2022
Bank of Japan to avoid another yen fall
Bank of Japan Governor Haruhiko Kuroda said on Friday that the central bank plans to keep the minimum rates. The regulator is hoping to prevent a dramatic yen fall, causing intervention in foreign exchange markets.
27 October 2022
Gold strengthened, but pressure on the metal remains
According to Investing.com, gold traded near its highest level in two weeks as the dollar declined amid growing expectations that the Federal Reserve will ease its hawkish policy this year.
27 October 2022
Pfizer suspected of hiding $1.2 billion profit in Italy
According to some reports, the pharmaceutical company Pfizer is under the scrutiny of the Italian police because it is suspected of hiding $1.2 billion in Italy. It’s believed that the company was able to hide such a huge amount by transferring money to foreign units.
27 October 2022
