The European Central Bank (ECB) should continue to raise interest rates into the future, bank president Christine Lagarde said in a 27 June statement at a financial conference in Portugal.
Tag: july 5 2023
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EUROZONE INFLATION FALLS
Inflation across the 20 countries sharing the euro currency fell to 5.5 percent in June from 6.1 percent in May, beating economists’ forecast of 5.6 percent in a Reuters poll.
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MARKETS SEE $1 TRILLION LESS IN M&As, IPOs THIS YEAR
Through June, this year’s initial public stock offerings (IPOs) and corporate buyouts and takeovers are worth $1 trillion less than the value of those deals made during the same period last year, Bloomberg reported.
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ASIAN JUNK-BOND DEFAULTS SET RECORD
In 2022, 18 Asian companies defaulted on their dollar-denominated junk-rated bonds, a record that tripled the number of defaults in 2021, according to S&P Global Ratings.
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TOP TREND 2023, OFFICE BUILDING BUST: OREGON’S LARGEST CITY LOSING POPULATION
Portland, Oregon’s flagship city known for being clean and safe and for its hip vibe, watched its population swell by 23 percent during this century’s first two decades.
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INVESTMENT BANKING FEES PLUNGE
With fewer mergers, acquisitions, and initial stock offerings taking place this year, investment banks have seen their revenue from managing such deals fall to $12.8 billion this year through May, down 35 percent compared to the first five months of 2022, the Financial Times said.
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PRIVATE EQUITY FIRMS OPT FOR SMALLER DEALS
Amid a cloudy economic future and rising interest rates, private equity deals are getting smaller.
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AMERICANS THINK THEY NEED $1.3 MILLION TO RETIRE COMFORTABLY, STUDY FINDS
To be comfortable in retirement, Americans think they need about $1.3 million, according to a survey by Northwestern Mutual of 2,740 U.S. adults in February and March this year.
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INFLATION, CONSUMER SPENDING SLOWED IN MAY
Overall inflation in the U.S. pulled back to a 4-percent annual rate in May, its slowest in two years, the U.S. commerce department reported. The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred inflation gauge, slowed to 3.8 percent.
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MEDVEDEV: NUCLEAR WAR CHANCES ‘QUITE PROBABLE’
We have long been warning that World War III has begun and if we do not have peace on earth it will escalate into nuclear war.
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