Turkey’s central bank sold foreign currency for the third time this month to stem the fall of the pound closer to the $ 14 mark. The monetary authority said in a statement that it had intervened in the market because of unhealthy prices, echoing the language used by President Erdogan to describe a new sell-off […]
Tag: International financial news
Elon Musk: He continues to sell his shares in Tesla and jokes that he will resign
Tesla CEO Elon Musk has combined another announcement that he continues to sell his shares in Tesla, with a joke that he will resign from his job to become an influencer. According to Bloomberg, Musk “got rid” of shares worth 963 million dollars, exercising 2.2 million options, according to yesterday’s disclosures to the stock market […]
Bloomberg: ECB meeting next week over coronavirus via teleconference
The European Central Bank will hold the meeting of the BoD. next week via video conference, as cases in Germany rose to record levels, according to Bloomberg News sources. While central bankers have been attending ECB meetings in Frankfurt in recent months, a seminar in early December was held remotely. The staff will continue to […]
Inflation in the Czech Republic at 13 years high
Inflation in the Czech Republic hit a new 13-year high in November, and while the rise was less pronounced than in the past four months, the central bank seems likely to continue tightening its policy. Inflation in the economies of Central Europe is growing stronger than their European counterparts with external problems such as supply […]
Italy: Industrial production was lower than expected in October
Italian industrial production was much lower than expected in October, down 0.6% from the previous month, according to the data. Analysts had expected a 0.4% increase on a monthly basis in October, up from 0.1% in September. On an adjusted annual basis, production increased by 2% in October, according to the statistical service ISTAT. Analysts […]
Spain: Industrial production fell in October
Industrial production in Spain fell in October from September, as factory activity continued to show signs of weakness due to supply chain congestion problems. Industrial production fell 0.4% in October compared to the previous month on a calendar and seasonally adjusted basis, according to data from the INE statistical service. In September, industrial production was […]
Inflation in Germany is high in 30 years
Consumer prices in Germany hit a record high in June 1992, confirming preliminary data, according to the statistical service Destatis. Consumer prices rose 5.2% year-on-year in line with national standards, and 6% in line with EU harmonized standards, respectively. The increase in inflation was mainly caused by the lower benchmark compared to 2020, the statistical […]
Britain: Small increase of 0.1% of GDP compared to 0.4% expected
The growth of the British economy was lower than expected in October, which ran at a rate of 0.1%, 0.5% lower than in February 2020, just before the country entered its first lockdown, said the National Statistical Service. Economists expected the monthly GDP growth to be 0.4%. The low figures are likely to boost expectations […]
Poland is taking a 250m-euro loan from the World Bank
Poland is set to receive a 250m-euro loan from the World Bank to help households replace coal heating and insulate their homes, the bank said on Thursday. Cloud is a major problem in Poland, as coal-fired households are responsible for much of the country’s air pollution, which the World Bank estimates kills 46,000 Poles each […]
Ukraine: New interest rate hike, the 5th this year
Ukraine today raised lending rates as the threat of war with Russia continues to rock its currency and spark the risk of a new rally in inflation, according to Bloomberg. The country’s central bank raised its key interest rate to 9% from 8.5%, confirming most economists in a Bloomberg poll. This is the fifth increase […]
