As we reported in “Worry Sign: Major Investors Holding Onto Cash” (8 Aug 2023), foundations, pension funds, and the other major investors who fund private equity’s deals have been sitting on their cash, waiting for a more encouraging economic outlook.
WeWork, which assembled a billion-dollar global empire of coworking spaces during the ‘teens, said in an 8 August statement that “substantial doubt exists about the company’s ability to continue as a going concern.”
After showing signs of a revival, business-class air travel among Europe’s three major airline groups has begun to level off, according to the carriers’ most recent earnings reports.
The threat of strikes at several Australian ports exporting liquefied natural gas (LNG) rocketed up prices for the fuel across Europe from around €30 per megawatt-hour on 8 August to €40 the next day.
Oil demand set a record of 103 million barrels a day in June, driven by summer air travel, a surge in use by China’s petrochemical plants, and stronger-than-expected economic activity in Europe, the International Energy Agency (IEA) reported.
Inflation swaps, analyst surveys, and other indicators find Europe’s economy watchers expecting inflation to continue above the European Central Bank’s (ECB’s) 2-percent target for at least a decade.
World oil prices reached their highest in three months last week as inflation continued to slow in key nations and OPEC+ decided Friday to maintain its current production cut of one million barrels a day, begun in the spring, through September. As a result, the Saudi kingdom will produce about nine million barrels a day......
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
Despite vowing policy support to jolt China’s economy back to life, the country’s leaders have done little other than make promises, global investors have said as they scaled back their expectations for China’s economic growth this year.
Five companies—Costco, Empire, Loblaws, Metro, and Walmart—account for 75 percent of Canada’s grocery sales.