Mergers and acquisitions worldwide slowed to a value of $2 trillion in the first nine months of this year, the least since 2013 and a 28-percent decline from the same period in 2022, according to data from the London Stock Exchange Group.
Tag: Economy
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EUROZONE INFLATION SLOWEST IN TWO YEARS
In September, inflation among the 20-nation Eurozone fell to an annual rate of 4.3 percent, its slowest in two years, and beat analysts’ forecasts of 4.5 percent.
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EUROPE’S BOND MARKET TANKS
Investors in European bonds sold off last week on fears that the European Central Bank will hold rates higher for longer and because Italy’s budget deficit came in larger than expected.
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JPMORGAN CHASE SETTLES EPSTEIN SUIT FOR $75 MILLION
JPMorgan Chase, the largest U.S. bank by assets, agreed to pay $75 million to the government of the U.S. Virgin Islands. The agreement is part of a string of suits by people and organizations claiming to have been victims, in one way or another, of the jet-setting sex trafficker Jeffrey Epstein.
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THE SYSTEM IS ON THE CUSP OF LOCKING UP, AGAIN!
If you were to ask the average person “what happened during the 2007-2008 Stock Market Crash/Financial crisis?” What caused it? You may hear answers like; “it was brought on by banks who were writing subprime mortgages, giving mortgage loans to anyone with a heartbeat-regardless of if they had a job, or even the ability to make mortgage payments.”
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SPOTLIGHT: “BIGS” GETTING BIGGER
As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over. However, the “Bigs” will still get bigger, as they buy out overleveraged companies that can’t afford to borrow at high rates to refinance while, at the same time, recessionary pressures erode their profitability.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s economic crisis has emboldened reformers who argue for structural change to the country’s economy, challenging other officials who contend that stimulus spending will put China’s productivity back on track, Reuters reported.
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
About 24 percent of office space in 18 major Chinese cities sat empty in June, compared to 18.2 percent in the U.S., real estate services firm CBRE reported. In that month, the national value of office rents fell 7 percent below that of 2019.
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BANK OF JAPAN HOLDS INTEREST RATE STEADY
The Bank of Japan (BoJ) did not change its interest rate when the governing committee met on 22 September, citing “extremely high uncertainties” about its own and the world’s economic future.
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CANADA’S INFLATION RATE SPIKES IN AUGUST
Canada’s annual Inflation rate jumped to 4 percent in August from 3.3 percent in July, largely due to a 0.8-percent rise in the price of petroleum fuels, Statistics Canada reported. The rate was the highest since April.