Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
Tag: Economy
TOP TREND 2024: BANKS GO BUST
Despite a strong economy, several major banks muted their earnings forecast for this year, citing the need to pay higher interest on customers’ deposits.
KPMG PAYS $25 MILLION FINE FOR CHEATING AND LYING
The Netherlands office of KPMG, a global accounting and business services firm, will pay $25 million to settle charges that it failed to take action against employees who cheated on certification exams and then lied about the cheating to investigators.
PRESSURE ON ECB TO CUT RATE GROWS AS LOAN DEMAND SLUMPS
Reporting a “substantial” drop in applications for loans, Eurozone banks are pressing the European Central Bank (ECB) to cut its interest rate from a record 4 percent, where it has held since last September.
ECB LEAVES RATE UNCHANGED, SIGNALS JUNE CUT
The European Central Bank’s (ECB’s) governing council left the bank’s base interest rate at a record 4 percent at its meeting last week and gave a strong indication that it will cut the rate when it convenes again on 6 June.
GROWTH IN DEMAND FOR OIL WILL SLOW THIS YEAR AND NEXT, IEA SAYS
The International Energy Agency (IEA) has shaved its outlook for this year’s growth in oil demand from 1.3 million barrels a day to 1.2 million. Demand growth will slip to 1.1 million barrels daily next year, the agency said.
AMERICA’S MESSY LAWS AROUND LITHIUM ARE HOBBLING DEVELOPMENT
As the U.S. seeks to curb its dependence on foreign suppliers of lithium, American developers are colliding with a jumble of laws and regulations that leave them unable to proceed with any confidence…
SOARING CAR INSURANCE PREMIUMS ARE DRIVING INFLATION
The cost of car insurance rose 2.7 percent in March and has shot up 22.2 percent year on year, CNBC reported. Car insurance makes up 2.85 percent of the Consumer Price Index.
PRODUCER PRICES RISE IN MARCH
The prices factories charge for their products rose 2.1 percent in March from a year earlier, the sharpest monthly increase since last April, The New York Times reported.
RISING MORTGAGE RATES SPOOK HOME BUYERS
The average U.S. rate on a 30-year, fixed-rate mortgage rose last week to 6.88 percent from 6.82 percent the week before, the Federal Home Loan Mortgage Corp. (Freddie Mac) reported.