The United Arab Emirates said oil prices would be even higher today without OPEC +, signaling that the agency would continue to resist US pressure to increase production. “Fortunately we have OPEC +,” UAE Energy Minister Al-Mazrouei told the Africa Oil Week conference in Dubai on Monday, according to Bloomberg. OPEC + has prevented “having […]
Tag: International financial news
KPMG: Global Venture Capital Investment Launch – Over $ 170 Billion for Third Consecutive Quarter
This year, the sound level of global VC investment showed no signs of slowing down in the third quarter of 2021, setting a record for the third consecutive quarter, with US $ 171.7 billion through 8,682 transactions. High liquidity, increasing participation of less “traditional” VC investors and divestment opportunities helped maintain a healthy VC market, […]
Lane (ECB): The situation in the eurozone with inflation is not the same as in the 1970s
The chief economist at the European Central Bank, Philip Lane, said the period of “unexpectedly high” consumer price increases did not bode well for a problem similar to that experienced by economies worldwide in the 1970s. “If we look at the situation in the medium term, inflation is still very low, below our 2% target,” […]
Russia: 18.1% drop in car sales in October
LAST UPDATE: 14.01 New car sales in Russia fell for a fourth straight month in October, falling 18.1% year-on-year to 126,204 units after falling 22.6% last month, the European Business Association (AEB) said on Monday. with Reuters. “There is still a long way to go to overcome global production shortages and supply chain disruptions,” said […]
Eurogroup: Consultations on changes in economic governance in the Eurozone begin
The Eurogroup is currently consulting on changes in economic governance in the Eurozone. Difference of views between the countries of the North and the South. With the formal presentation by the European Commission of a general framework on its intentions for changes in economic governance in the Eurozone, the Eurogroup in Brussels begins today, and […]
China: Car sales fell for the fifth consecutive month
For the fifth consecutive month, car sales in China fell as a prolonged shortage of processors worldwide continued to limit production in the world’s largest car market. Car sales in October fell 13.9% year-on-year to 1.72 million vehicles, the Chinese Automobile Manufacturers Association said, down from 17.3% in September. The October results include estimated data […]
Energy and inflation at the top of the Eurogroup agenda
Rising energy prices and inflation, economic governance, the banking union and the digital euro are high on the agenda of the Eurogroup meeting today at 4pm in Brussels. Eurozone finance ministers will once again look at rising energy prices and the current rise in inflation (4.1% in October in the eurozone), as well as the […]
Japan: Degraded estimates for the economy
Japan cut economic forecasts for the first time in two years as the key index extended its decline in September to a one-year low. The index showed that the current economic conditions, consisting of data on factory production, employment and retail sales, fell by 3.8 points compared to the previous month, to 87.5 points. This […]
COP26-Australia: Country to continue selling coal for ‘decades’
Australia has said it will continue to sell coal for “decades” after rejecting an agreement aimed at phasing out this polluting fossil fuel to curb climate change. About 40 countries pledged to give up coal in the coming decades during the UN Climate Conference (COP26) in Glasgow. Australia, like many other high-carbon countries, such as […]
China: Exports rose in October
China’s exports remained strong in October, a positive sign for an economy struggling to cope with electricity shortages and the coronavirus. The country’s customs service announced that exports amounted to $ 300.2 billion, higher by 27.1% compared to the previous year. In September, the increase was 28.1%. Imports rose 20.6% to $ 215.7 billion. Exports […]
