Producer prices in China rose the most in 25 years in October due to rising coal prices. The producer price index increased by 13.5% compared to the previous year, from an increase of 10.7% in September, according to the statistical service. The October data showed the largest increase since 1996, when data began to be […]
Tag: International financial news
The course of the recovery and the jump in inflation are the focus of Ecofin
The course of the recovery after the pandemic was at the center of today’s meeting of EU Finance Ministers. (Ecofin), while they also discussed the future of the EU economic governance framework. “Our efforts to boost the economic recovery have paid off,” said Andrej Šircelj, Slovenia’s finance minister. “The EU’s response to the pandemic is […]
Germany: The ‘Wise Men’ of the economy revise the growth estimate for the current year to 2.7%
Growth in Germany will be around 2.7% for the current year, the Committee of Wise Men estimates, revising their previous forecast for growth of 3.1%. According to the financial newspaper Handelsblatt, the reasons for the revision are probably the problems in the deliveries of goods, but also the explosion in energy prices. Growth, however, is […]
USA: The small business confidence index fell to a seven-month low
Small business owners’ optimism in the US fell to a seven-month low in October as a worsening labor and supply shortage made them less optimistic about the future. The small business confidence index fell 0.8 points to 98.2 points in October, the National Federation of Independent Enterprises (NFIB) announced on Tuesday. This is the lowest […]
Cyprus: Despite the 10% reduction, electricity is 10% more expensive
The most expensive electricity from 2012 will be paid in Cyprus by consumers whose electricity will be counted in November, but most likely those whose bills will be counted in the coming months, according to philenews.com. This November, compared to last October, will be about 20% more expensive, but, if we calculate the 10% reduction […]
Germany: Unexpected improvement in the ZEW economic climate index
The investment climate in Germany improved unexpectedly in November, amid expectations that price pressures will ease early next year and growth will recover in Europe’s largest economy. The ZEW economic research institute announced that its survey of the economic climate among investors rose to 31.7 points from 22.3 points in October. Estimates spoke of a […]
Gazprom has started transporting gas to five storage facilities in Europe
LAST UPDATE: 14.39 Gazprom has begun filling underground gas storage facilities (UGS) in Europe, the company said, according to the Russian news agency Ria Novosti. “Gazprom has approved and launched a plan to transport gas to five European underground storage facilities for November. Volumes and routes for transporting gas have been determined,” Gazprom said in […]
ECB: Demand for real estate in the eurozone will remain high
Demand for real estate in the eurozone is likely to remain high, raising prices and raising questions about how affordable it will be for poorer households, according to the European Central Bank. Following the closure of many businesses in the global economy due to the pandemic, household savings increased and some families, especially the wealthier […]
Enria (ECB): The pandemic marks a turning point for banks in Europe
European banks have used the pandemic to begin addressing long-term profitability issues relative to their US competitors, according to the top regulator. “There was a long period when European banks seemed to be waiting for the Gondo of interest rates to increase and rebuild their margins,” Andrea Enria, chairman of the European Central Bank’s supervisory […]
EY: Concerns and uncertainty about intra-group transactions due to international tax reforms
Global tax reforms and supply chain transformation accelerated by the COVID-19 pandemic are leading to an unprecedented level of uncertainty and risk for corporate intra-group transactions, according to a new global EU survey. The survey, 2021 EY International Tax and Transfer Pricing Survey, examines the role and impact of tax groups / divisions of intra-group […]
