As forecast, the Merger and Acquisition trend which we have been long reporting would peak when the Federal Reserve would aggressively raise interest rates and cut off the cheap money supply.
Category: 13 December 2022
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SPOTLIGHT: CHINA
In November, the volume of goods China shipped abroad fell 8.7 percent from a year earlier, the steepest annual drop since February 2020 when international COVID lockdowns were slamming the world’s economy shut, The Wall Street Journal reported.
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SPOTLIGHT: WILL THE $60 PRICE CAP ON RUSSIA’S OIL EXPORTS MAKE A DIFFERENCE?
Russia will sell no oil to countries that support the G7 and European Union’s $60-per-barrel cap on Russia’s oil exports and “we will possibly think about a cut in production,” Russian president Vladimir Putin said in a public statement.
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BANK OF CANADA LIFTS KEY RATE BY HALF-POINT
The Bank of Canada (BoC) added a half-point to its base interest rate last week, bringing it to 4.25 percent, its highest in 15 years.
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LITHIUM PRODUCERS: BUST OR BONANZA?
The price of lithium, essential in batteries of all kinds and especially those for electric vehicles (EVs), soared to record levels this year. Last week’s price of $69,470 a ton was triple what it was a year earlier.
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U.K. FACTORIES FACE TWO YEARS OF RECESSION
Britain’s manufacturing sector has contracted by 4.4 percent this year, according to a survey by Make UK, a manufacturers’ trade group, and will shrink by an additional 3.2 percent in 2023, survey respondents predicted.
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RENEWABLE ENERGY WILL BE MAIN SOURCE OF ELECTRICITY BY 2025
Solar energy’s steadily falling costs, a growing public awareness of the climate crisis, and the energy shortage wrought by the Ukraine war are creating a boom in renewable energy that will make renewables the chief source of electricity generation worldwide by 2025, the International Energy Agency (IEA) has predicted.
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WORLD ECONOMY, PRODUCTIVITY WILL SLOW TO 2075
The global economy will expand by less than 3 percent a year through 2032, compared to an average of 3.6 percent before the COVID era, then gradually decline until at least 2075, according to a new forecast by analysts at Goldman Sachs.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is week 21 of our report on job losses, and with each passing week, the weekly losses grow larger. Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
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HOMEBUILDERS SELL DISCOUNTED SUBDIVISIONS TO PRIVATE EQUITY INVESTORS
It’s not just retailers discounting their merchandise these days.