Stay Reckless

13/09/2022

The U.S. releases consumer inflation data for August, a key input for the Federal Reserve's meeting next week. A rail strike looms larger, while over 15,000 nurses are on strike in Minnesota looking for a 27% pay raise. Oracle's strong earnings keep stocks in buoyant mood in premarket and Barry McCarthy is cleaning house at Peloton. Russia gets a new headache to worry about, while OPEC will publish its latest forecasts for global oil demand in its monthly report. Here's what you need to know in financial markets on Tuesday, September 13.

07/09/2022

State-owned companies of the Chinese northestern city of Shenyang bought China Evergrande Group's shareholding in Shengjing Bank in an auction for 7.3 billion yuan ($1.05 billion), Alibaba auction platform showed on Wednesday.

In July, Evergrande, the world's most indebted property developer, said its unit, Evergrande Nanchang, had been ordered to pay an unamed guarantor 7.3 billion yuan for failing to honour debt obligations.

07/09/2022

The European Union and United States have ramped up buying key industrial metals from Russia, data showed, despite logistical problems spurred by the war in Ukraine and tough talk about starving Moscow of foreign exchange revenue.

The metal shipments highlight the West's difficulty in pressuring Russia's economy, which has performed better than expected and seen its rouble currency surge as buoyant oil revenue has helped offset the impact of sanctions.

30/08/2022

Indonesia's economic growth this quarter is expected to be higher than the 5.44% rate in Q2, even with a potential fuel price hike, a senior cabinet minister said on Tuesday.

Southeast Asia's biggest economy is considering raising prices of some fuels to rein in its ballooning energy subsidies budget, a move that would increase everyday costs for businesses and consumers and stoke inflation.

30/08/2022

Sri Lankan President Ranil Wickremesinghe on Tuesday said that talks with the International Monetary Fund (IMF) on a bailout package for the crisis-hit country had reached a "successful level".

30/08/2022

German energy company Uniper (ETR:UN01) said on Monday it has now fully exhausted the 9 billion euro ($9 billion) credit line it got as part of its recent bailout, due to the latest spike in natural gas prices.

30/08/2022

The U.S. dollar edged lower in early European trade Tuesday, falling back from a 20-year peak, as attention turns towards Europe, with Wednesday’s Eurozone inflation data likely to point to an aggressive ECB interest rate hike next month.

30/08/2022