Eurozone business activity shrank for a second straight month in August as the cost-of-living crisis forced consumers to cut spending, while supply constraints also hit manufacturers. Specifically, S&P Global’s composite PMI fell to 49.2 points in August from 49.9 points in July, slightly higher than average estimates for a drop to 49 points. The latest […]
Tag: International financial news
Ukrainian food exports have fallen by almost half since the start of the war
Ukraine’s exports of agricultural staples have almost halved since Russia’s invasion of the country earlier this year, compared to the same period in 2021, according to Ukrainian agriculture ministry data released late Monday. night. Tomorrow, Wednesday, marks six months since the start of Russia’s invasion of Ukraine, which Moscow describes as a “special military operation”. […]
Cyprus: At 12-15 trillion cubic feet the potential capacity in natural gas
After yesterday’s announcements for the discovery of a new field in the Kronos target, in block 6 of the Cypriot EEZ, with an estimated capacity of 2.5 trillion cubic feet (tcf), the total potential capacity of Cyprus in natural gas amounts to 11.7 tcf up to 14 .7 tcf (4.2 Venus, 5-8 Glaucus, 2.5 Saturn). […]
Singapore: Inflation at a 14-year high in July
Consumer prices in Singapore rose at the fastest pace in 14 years in July, driven mainly by higher private transport and housing costs, as well as higher structural inflation. The consumer price index rose 7% in July from a year earlier, according to the statistics office. The figures were the highest since June 2008’s 7.5%, […]
Reuters: As the war in Ukraine continues, the European financial crisis intensifies
It was expected to be a good year for Europe. A post-pandemic consumer euphoria, supported by abundant government spending, was expected to boost the economy and help households regain a sense of normalcy after two dire years, Balazs Koranyi reports for Reuters. But all that changed on February 24 with the Russian invasion of Ukraine. […]
Britain: 109 times the salary of the directors of listed companies than the average worker
The pay of directors of companies on the London Stock Exchange’s FTSE-100 index, the top listed companies by market capitalization, rose by 39% last year to an average of £3.4m a year, according to a study which was released today. In 2020 the highest salary was received by the general manager of the pharmaceutical company […]
Pressure on bond markets from looming interest rate hikes
The markets were negatively affected by the “aggressive” statements of central bankers and other members of the central bank. of the European Central Bank, who are pushing for more interest rate hikes, seeing that inflation cannot be contained. However, the minutes of the ECB’s latest board meeting are expected to be released this week, providing […]
Israel: Biggest rate hike since 2002
The Bank of Israel raised its key interest rate by 75 basis points today, the biggest hike in 20 years, and appeared poised for further hikes as part of its efforts to curb inflation’s rally above 5%. Specifically, the central bank raised its interest rate to 2.0% from 1.25%, continuing the tightening cycle it set […]
The Turkish lira in the trash: Georgians rush to Turkey for oil, fruits and vegetables
Georgians traveling to the northeastern province of Artvin to buy food, especially oil, have caused long lines in front of grocery stores. Arriving in the Kemalpasha region of Artvin through the Sarp border crossing between the two countries, Georgians flock to grocery stores to buy food that is much cheaper than in their country due […]
The cash inflows allowed Erdogan to calm down over the summer
A windfall of foreign capital flowing into Turkey and increased interest in the government deposit scheme triggered by Christmas 2021 have brought a temporary relief to Turkish President Recep Tayyip Erdogan with less than a year to go before Turkey’s most crucial election in decades . Erdogan’s program centered on monetary stimulus, exports and economic […]
