According to the Corriere Della Sera newspaper on Friday, the European Central Bank (ECB) is getting ready to write to Italy to express concerns over the government’s windfall tax on bank earnings. Rome’s last-week announcement of the tax without first notifying the Bank of Italy or the ECB as required by EU regulations will be…
After record-leading In the first half of the year, China’s new yuan loans are projected to drop significantly from June to July. Despite the Sputtering recovery, the central bank seeks to support the economy so that it may surpass the level of the prior year. According to the median estimate in the survey of 29…
After downgrading small to midsize banks, the rating agency Moody’s still believes the U.S. banking sector is strong. The downgrade of Small to midsize lenders has caused the agency to warn about a decline in profits, which could lead to a cut in the ratings of several major banks. The Managing director of financial institutions…
On Monday, There was a record-high stock price set by Berkshire Hathaway. The price increased by 3.4% after Warren Buffet’s firm announced that its quarterly operational profit had surpassed $10 billion for the first time. The hike in interest rates has boosted fixed income investment profits, which also include the cash stake that jumped to…
On Tuesday, Japan’s SoftBank Group expected that it would record a return to profit when it reports first quarter profits since its portfolio of technology companies has recovered. The Technology sector holdings in its Vision Fund investment arm saw a recovery, analysts said. The vision fund portfolio has declined, and the tech investor has posted…
After the meeting with top officials on Sunday, Finance Minister Bruno Le Maire said that they want a more “balanced” trade Relationship and better access to the Chinese market. France is not expecting a “Decoupling” from China. A day After the Constructive trade talks with Vice Premier He Lifeng, in the press conference, Le Maire…
China is considered the world’s largest mobile market, for which the chief executive of Samsung Electronics said they are “going in the right direction” in China. They have boosted their premium offers and made partnerships with regional content companies in the process of raising their lagging market share. According to TM Roh, the head of…
The interview published by the Financial Times, in which the Chief investment officer at the U.S. bond giant Pacific Investment Management Co. (PIMCO) said they are preparing for a “harder landing” as senior central bank officials get ready to continue their campaign of interest rate increases. “The more tightening that people feel motivated to do,…
According to Trade Minister Kemi Badenoch, Britain will discuss short-term business visas as part of negotiations for a free trade agreement with India, but any agreement will not guarantee broader immigration commitments or Britain’s labor market access for Indian workers. In January last year, when Britain and India began trade negotiations, Prime Minister Rishi Sunak…
On Wednesday, the Economy Ministry of South America said Argentina will receive over $1 billion in funding from the Inter-American Development Bank and the World Bank. They also added that the funds should be used for development and energy initiatives. Argentina is short on cash, and steps are taken to provide aid to Argentina, which…
