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: 6 December 2022
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SPOTLIGHT: CHINA STRUGGLES TO RIGHT ITS ECONOMY
China’s economic activity in construction, manufacturing, and services slowed more than expected in November, hobbled by continuing, widespread anti-COVID lockdowns, an unresolved financial crisis in the real estate sector, and fewer orders for the country’s factory output.
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EUROZONE INFLATION TICKS DOWN IN NOVEMBER
In November, inflation across the 19-country Eurozone fell for the first time in 17 months, dropping to 10 percent from a record 10.7 percent in October as prices for energy and services slowed their rate of increase.
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WILL GLOBAL SLOWDOWN HAMPER INDIA’S POST-COVID RECOVERY?
India’s GDP grew by 6.3 percent in this year’s third quarter, compared to 13.5 percent in the preceding three months when COVID restrictions were relaxed.
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U.S., EU STILL AT ODDS OVER U.S. GREEN MANUFACTURING SUBSIDIES
Tensions between Europe and the U.S. were on display at the 5 December meeting of the transatlantic Trade and Technology Council.
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NATO ALLIES, G7 AGREE ON RUSSIAN OIL PRICE CAP
The European Union (EU), the G7 group of nations, and Australia have settled details of a plan to limit the price Russia can charge for oil it exports to $60 a barrel.
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FOOD COMMODITY PRICES ARE FALLING BUT NOT GROCERY PRICES
The U.N. Food and Agriculture Organization’s Food Price Index dropped to 135.7 in November, its eighth consecutive month of decline after peaking last March at 159.7.
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GASOLINE PRICES FALL AS DEMAND WEAKENS
On 2 December, the U.S. average price of a gallon of regular unleaded gasoline was $3.43, data service OPIS reported, almost a third less than highs of $5 or more reached in June.
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U.S. HEATING COSTS COULD SOAR THIS WINTER, EIA WARNS
Homes heating with natural gas this winter could see their energy bills leap up 25 percent compared to last year, while those using heating oil could experience a staggering 45-percent rise in costs, the U.S. Energy Information Administration (EIA) predicted.
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U.S. CONSUMERS: BUY MORE, SAVE LESS
U.S. consumers spent 0.8 percent more on goods and services in October than in September, the U.S. commerce department reported.