The value of mergers and acquisitions that companies announced during the first nine months of this year is 34 percent below those making the news during the same period in 2021, data service Refinitiv reported.
Tag: Economy
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CHINA HALTS SALES OF LIQUEFIED NATURAL GAS TO EUROPE
China will no longer ship liquefied natural gas (LNG) to Europe to help ease the continent’s energy crisis, the government has told gas exporters, Bloomberg reported.
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YEN SINKS TO LOWEST VALUE IN 32 YEARS
The Bank of Japan’s insistence on holding its key interest rate at -0.25 percent has driven the yen down still further, sinking it to ¥146.95 to the dollar on 12 October, the lowest since 1998, and driving it down to ¥148.90 on 17 October, its weakest since 1990.
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“BREATHTAKING” DROP IN DEMAND SHOCKS CHIP COMPANIES
Earlier this month, leading computer chip makers Samsung Electronics and Advanced Micro Devices (AMD) reported earnings that fell far short of expectations, which many analysts interpreted as a sign that a lasting economic rebound is further away than previously thought, Bloomberg reported.
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TRUSS SACKS FINANCE CHIEF, BACKTRACKS ON MASSIVE TAX CUTS
After barely five weeks on the job, U.K. finance minister Kwasi Kwarteng got the boot from prime minister Liz Truss last Friday and was replaced by Jeremy Hunt, a veteran Conservative party politician and former foreign minister who immediately set about righting his predecessor’s wrongs.
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U.S., GERMANY CALL FOR “FUNDAMENTAL REFORM” OF WORLD BANK
At the World Bank’s annual meeting last week, Germany and the U.S. presented a proposal calling for “a fundamental reform” of the institution.
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ALMOST HALF OF CANADIAN HOUSEHOLDS NEARING INSOLVENCY
Forty-six percent of Canadian households report approaching “insolvency,” defined as no more than $200 away from being unable to meet their routine basic financial obligations, according to the quarterly Consumer Debt Index compiled by MNP, a Canadian bankruptcy and insolvency counseling firm.
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WHITE HOUSE OR INSANE ASYLUM? POLITICIANS WANT WAR WITH RUSSIA, GET PREPARED FOR CRASH
Gerald Celente talks about the latest CPI data and what the Fed’s future moves may be.
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THEY KEEP LYING US INTO WAR, THE BIGS KEEP GETTING BIGGER WHILE WE THE PEOPLE ARE SCREWED
Gerald Celente talks about the latest CPI data and what the Fed’s future moves may be.
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STRONG DOLLAR MEANS WEAKNESS IN EMERGING NATIONS
Sri Lanka and Zambia have defaulted on their debts, with another dozen countries at, or already tipping over, the edge of insolvency, Reuters reported.