According to U.S. Forbes, 21 billionaires sold shares of companies worth $ 9.3 billion in the first half of this year. U.S. Forbes calculated that 21 billionaires among the world's wealthiest people sold shares valued at $ 9.3 billion in the first half of this year. Each businessman sold shares for at least $100 million, according to the magazine. Co-founder of the short-term rental company...

The expansion of bank lending in the euro area slowed down in May as a result of increased interest rates and the manufacturing sector recession, according to ECB data issued on Wednesday. The ECB is hiking rates at the fastest rate in its history this year in an effort to combat inflation. Credit demand is being reduced as a result, which is affecting all aspects of the economy, including the...

Recession might start in the United States in the fourth quarter of this year, and in Europe – in 2024, according to HSBC experts quoted by CNBC TV network. According to HSBC's semi-annual prediction, a number of European economies are currently exhibiting "warning signs." Analysts claim that this means that current movements on the stock and debt markets are not reflected in fiscal and monetary...

A deal to acquire and sell LNG has been reached between Cheniere, a U.S. company, and ENN Energy, a Chinese company. According to Cheniere’s press statement, ENN Energy, one of China's major distributors of sustainable energy goods, and Cheniere Energy Inc, the largest producer of liquefied natural gas in the United States, have agreed on LNG supplies. "Cheniere Energy, Inc. announced today...

According to the WSJ, OPEC is interested in the South American Guyana joining its cartel of oil-exporting nations. The Organization of Petroleum Exporting Countries (OPEC) wants South American Guyana, which has fewer than 1 million people and is home to the most potential oil reserves, to join as a new member. According to The Wall Street Journal, referring to sources in OPEC, the nation has...

According to the system’s data, the proportion of yuan used in international payments made through SWIFT in May rose to 2.54%, the highest level since January of last year. An indicator, which was significantly larger than the May value for this year, was noted in January 2022, when 3.2% of yuan payments were made via SWIFT. When compared to April 2023, the share increased by 0.25 percentage...

The primary LPR rate of China's central bank was reduced to 3.55 percent for the first time since August 2022. The People's Bank of China (Central Bank) cut the prime lending rate (LPR, loan prime rate) to 3.55 percent for the first time since August 2022, according to information on the regulator's website. The annual LPR, which started serving as the new standard for lending in August 2019,...

The American Federal Reserve kept the benchmark interest rate at 5 - 5.25%. According to the Federal Reserve (Fed) of the USA, the basic interest rate was maintained at 5 to 5.25% per year following the outcomes of the June meeting. The choice matched expectations of the majority of analysts. The regulator chose to maintain the rate for the first time since January 2022. Due to the...

With an annual rate of 4%, US inflation dropped in May to its lowest level since March 2021. According to the US Department of Labor, US inflation dropped in May to its lowest level since March 2021 at an annualized rate of 4%. Consumer price increase in the United States peaked at 9.1% in June 2022 and has been progressively dropping ever since. The country's inflation rate was 5% in March 2023...