Tag: april 5 2022

Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy. Here are some more of what the BIGS have been gobbling up and how the Bigs keep getting bigger and the rich keep getting richer. BAIN CAPITAL MULLS TOSHIBA...

HIGHEST U.S. INFLATION IN 40 YEARS CURBS CONSUMER SPENDING The Personal Consumption Expenditures Price Index (PCE), the U.S. Federal Reserve’s preferred measure of inflation, ratcheted up 6.4 percent in February, year on year, the PCE’s largest annual gain since 1982, the U.S. commerce department reported. The index registered 6.0 percent in January. Food costs rose...

Daimler’s eActros long-haul electric truck carries a sticker price triple that of a combustion engine equivalent, a difference in price unlikely to change any time soon, Martin Daum, Daimler Truck CEO, said in a Financial Times interview. The company sold 712 eActros trucks last year out of more than 455,000 trucks sold in total. There...

Japan’s central bank will expand its purchase of 10-year government bonds in this year’s second quarter in an attempt to keep medium-term borrowing costs low, the bank announced last week. In the year’s first quarter, the bank bought ¥425 billion worth of the bonds four times a month. It will now buy ¥500 billion worth...

In the wake of NATO’s opposition to Russia’s invasion of Ukraine, China has bandied fears of an “Indo-Pacific NATO” that would unite Australia, India, Japan, and the U.S. to block China’s influence along the Pacific Rim. Seizing on that idea, China is strengthening its relationships with countries in its own neighborhood. “The Indo-Pacific strategy is...

France and Germany have announced they will not comply with Russian president Vladimir Putin’s demand that European nations pay for Russia’s imported gas with rubles, Russia’s national currency. “Unfriendly” countries “must open ruble accounts in Russian banks,” Putin said in a 31 March televised appearance. “It is from these accounts that payments will be made...

The war in Ukraine and the resulting sanctions on Russian exports likely will throw millions of people in low-and middle-income nations into poverty and push those countries toward debt crises, the World Bank has warned. The COVID era has driven about 40 lower-income countries into or toward debt distress, bank vice-president Indermit Gill said, but...