Brazil’s economy rebounded more than expected in the second quarter, boosted by consumer spending and a rebound in services, providing a tailwind for President Jair Bolsonaro in his quest for re-election in the October elections. The Gross Domestic Product (GDP)…
Britain’s competition watchdog said the $69 billion purchase of “Call of Duty” maker Activision Blizzard Inc (NASDAQ: ATVI ) by Microsoft Corp (NASDAQ: MSFT ) could harm competition in consoles, subscription services and cloud gaming, so it needs to be investigated. The Competition and Markets Authority…
European stocks opened September lower, hitting seven-week lows on growing concerns about economic growth, aggressive interest rate hikes and record inflation. * The pan-European STOXX 600 index lost 1.8%, with all sectors trading lower and posting its fifth consecutive day in the…
The People’s Bank of China (PBOC, the Chinese central bank) today carried out its first interest rate cuts since last January in the face of the slowdown in the recovery of the national economy. In a statement, the institution confirmed…
Saudi state oil company Aramco, the world’s largest, has posted a record after announcing net revenue of $48.4 billion in the second quarter of 2022 on Sunday, driven by rising energy prices from the war in Ukraine and strong energy…
Prices of the copper They fell on Friday but were on track to close the week up 3.5 percent as bets that inflation may have peaked in the U.S. drive a broad shift toward riskier assets. Other industrial metals rose between 2.5%…
Gold prices were down on Friday but were still on track for a weekly rise as overall dollar weakness offset pressure from rising bond yields and expectations of further interest rate hikes from the U.S. Federal Reserve. At 1057 GMT,…
Major cryptocurrencies are trading higher on Thursday. In addition to the upward momentum following the inflation data in the United States, Ethereum also has another good news: The network has successfully carried out the last test before the event known as Fusion,…
The billionaire CEO of Tesla, Elon Musk, sold shares of his company worth about 6,500 million dollars in the past three days, according to documents published on Tuesday by the US stock exchange regulator. On August 5, 8 and 9,…
The Panamanian government reported on Tuesday that it authorized the temporary reduction of 30% in the price of 170 medicines for regular use in Panama, one of the countries with the most prohibitive costs in medicines in the region, as…
SoftBank (TYO:9984Group Corp on Monday announced a loss of 2.33 trillion yen ($17.23 billion) at its subsidiary Vision Fund in the April-June quarter, due to the fall in the value of its technology portfolio. SoftBank had posted a record loss…
Australia’s OZ Minerals rejected an unsolicited 8.34 billion Australian dollar (about US$5.76 billion) takeover bid from BHP Group on Monday as the global miner seeks to exploit metals such as nickel and copper to take advantage of the booming demand…
This is the highest value since the survey began in 2019. The previous month, expectations had been placed at 7.0 percent. A year ago, the corresponding value was much lower, at just over three percent. Average inflation expected over the…