Other news

Citi affirmed a Neutral rating on Caterpillar stock in a note Wednesday. However, the bank lowered its target price on the stock to $180 a share from $195.

New Zealand businesses were more positive in September as sentiment improved in the construction sector, according to the Australia and New Zealand Banking Group (ANZ) survey published on Thursday.

China Airlines purchased 16 Boeing 787 Dreamliner airplanes and reserved them eight months after the announcement of the preliminary agreement.

Tesla Inc announced that Joseph Gebbia, co-founder of Airbnb, joined the electric car producer’s board of directors. Gebbia is a well-known American designer, Internet entrepreneur, and a billionaire. He joins Tesla after his announcement this summer.

According to a statement made by the Bank of Canada, the decisions made as a result of discussing rates and other aspects of monetary policy will be summarized and published, with publications starting next year. The decision on releasing such summaries was made after a recommendation from the International Monetary Fund following a transparency review.

Since the beginning of September, analysts have cut their full-year Nike sales forecasts from $50.34 billion to $49.85 billion.

Amazon is temporarily suspending work at some of its facilities as Hurricane Ian is about to reach Florida, CNN informed. "We are monitoring the trajectory of Hurricane Ian and are making adjustments to our operations to ensure the safety of our employees and those who deliver goods to us," Amazon spokesman Richard Rocha told CNN.

The organization's CEO said that Philip Morris International is not going to withdraw its offer to buy Swedish Match, despite the worsening state of the global economy. The company also has other options under discussion, one of which is to acquire a majority stake.

Japan is now among the last rich economies of the world which still have strict border control, and the country is also a cost-effective and alluring resting-place for travelers from abroad. It became all the more pertinent for more than 4000 entities that faced serious difficulties at the beginning of 2020, when retail operating hours were curbed and the country forbade crossing its borders for tourism.

The risk of deflation in China is rising strongly.