The Delaware Chancery Court hearing the litigation between billionaire Ilon Musk and Twitter (NYSE:TWTR) ruled on Thursday that Musk must complete the acquisition of the platform by October 28 if he wants to avoid litigation. The ruling stems from the fact that Musk made a second offer to buy Twitter a few days ago. The […]

The French government will spend 100 billion euros on measures to combat high inflation between 2021 and 2023, French Economy and Finance Minister Bruno Le Maire said in a speech to the National Assembly, the lower house of the French parliament. “In October 2021, we took one of the most important decisions of the previous […]

According to Charles Schwab, the U.S. Federal Reserve will be forced to slow the pace of rate hikes as volatility in the bond and currency markets grows, as it risks not only recession but financial disaster, Business Insider writes. The U.S. central bank has already raised the rate three consecutive times this summer by 75 […]

Oil prices continue to decline this morning after the previous day’s drop caused by weak macroeconomic data from China. The cost of December futures for Brent on the London exchange ICE Futures at 8:38 Moscow time amounted to $95.86 per barrel, which is $0.33 (0.34%) below the price at the close of the previous session. […]

Poland reported a leak in the Druzhba oil pipeline, and Moscow Exchange excluded Meta shares from the list of admitted to trading – these and other important news for Wednesday morning, October 12, in our daily review. A leak has been detected on one of the two strings of the Druzhba oil pipeline, Polish operator […]

China’s stock market fell on Wednesday, with major technology companies extending losses after the U.S. imposed new restrictions on semiconductor exports to the country, while South Korea’s stock market rose after some local companies were exempted from the restrictions. China’s Shanghai Shenzhen CSI 300 index fell 1.6 percent and the Shanghai Composite index fell 1.4 […]

Dairy products company Danone has announced its withdrawal from the Russian market. The write-offs will amount to up to 1 billion euros, Danone’s press service reported. In Russia, the company is represented by the brands Prostokvashino, Activia, Actimel, Rastishka, Danissimo, Danone, Bio Balance, Aktual, Smeshariki, Alpro, Bebelac, Tema, Nutrilon, Malyutka, and Evian. “Danone announces its […]

Sri Lanka is not ready to use its infrastructure to accept cards of the Russian payment system Mir due to sanctions, the local central bank said in its Twitter account (NYSE:TWTR). “Due to US sanctions on the Mir payment system, as confirmed by Sri Lanka’s Ministry of Foreign Affairs, the Central Bank is unable at […]

Bloomberg has learned about plans to introduce dynamic pricing on Europe’s gas exchange, and Gazprom has warned of halting gas exports in case of price controls – these and other important news for Monday morning, October 17, in our daily review. The European Commission is preparing on Tuesday, October 18, to adopt a package of […]

The US reporting season is set to kick off amid concerns that the Federal Reserve’s determined rate hike campaign could lead the economy into recession. Investors will get an update on the state of the U.S. housing market, where rising borrowing costs have already cooled demand. Speeches by several Fed officials are also on the […]

Currency analysts at Goldman Sachs expect further high sterling volatility in the short term. The Bank of England (BoE) has managed to stabilize conditions, but globally he does not believe the UK’s political course will change enough to provide lasting relief for sterling, especially with weak fundamentals. He adds: “We believe the underlying trend is […]

The RTS index accelerated its growth to 2.94%, up to 1019.59 points, according to trading data on the Moscow Exchange as of 12:17 MSC. The sharp jump began after Moscow Mayor Sergei Sobyanin wrote in his blog about the completion of partial mobilization in the capital. The Moscow Exchange index was rising by 2.11% to […]

China postponed the release of third quarter GDP data, which could save Xi Jinping embarrassment as he goes for a third term. The pound stabilized and bond yields soared as almost all of the government’s ill-fated “mini-budget” was canceled. The U.S. stock market should open higher, while Bank of America (NYSE:BAC) will report earnings before the […]

The European Union will study the possibility of paying Ilon Musk for Starlink terminals for Ukraine, and Exxon Mobil “safely left” Russia after terminating its participation in Sakhalin-1 – these and other important news for Tuesday morning, October 18, in our daily review. European Union foreign policy chief Josep Borrell has instructed diplomats to develop […]

The U.S. stock market rose on Monday, putting last week’s slump behind it, as big earnings from Bank of America (NYSE:BAC) and other financial companies helped lift the major indexes. This week will be a busy one in terms of earnings reports as more than 60 S&P 500 companies, including Tesla (NASDAQ:TSLA), Netflix and Procter […]

Netflix, Johnson & Johnson and Goldman Sachs will report their earnings, looking to build on the positive sentiment created by the rest of the banking sector and Pepsico. US industrial production data will be released today, as well as the monthly survey from the National Association of Home Builders. Pound Sterling and bonds took a breather […]

The US dollar is growing in value against the world’s major currencies. The dollar continues to be supported by expectations of further tightening of monetary policy by the Federal Reserve System (FRS) of the USA in the conditions of persistently high inflation, Trading Economics writes. Investors are evaluating the official data on inflation in the […]