Markets & Industries
UK investors withdraw record amount from equity funds in August - 09/06/2022
British investors withdrew a record 1.93 billion pounds ($2.23 billion) from equities funds last month, according to the Calastone Stock Association. This net outflow amount was higher than the peaks seen following the 2016 Brexit vote in Great Britain. According to Edward Glyn, head of global markets at Calastone, "markets are pricing in the possibility that inflation could be extremely harmful...
Global bond market enters bearish phase for the first time in 40 years - 09/05/2022
For the first time since the middle of the 1980s, the global bond market has entered a negative period, according to Bloomberg. The reason was a rapid increase of interest rates by global central banks in response to acceleration of inflation. According to Bloomberg, the global bond market has entered a bearish phase for the first time in 40 years as a result of central banks' commitment to...
Credit Suisse analysts forecast end of low inflation era - 09/02/2022
According to experts at Credit Suisse, the era of low global inflation that was fueled by inexpensive exports from China and Russia may soon come to an end. Due to the breakup of China's economic alliance with the US and the European Union's economic partnership with Russia, the era of low inflation around the world may finally be coming to an end, according to a report from Credit Suisse's...
Lufthansa assesses consequences of pilots' strike in Germany - 09/02/2022
Around 800 flights operated by Lufthansa and Lufthansa Cargo in Germany will be affected by the one-day strike called by the pilots' union Vereinigung Cockpit on September 2. As a result, 130 thousand passengers may be inconvenienced, according to the airline company. Lufthansa said in a statement that it "had to cancel practically all flights to and from Frankfurt and Munich for Friday due to...
Certares, Air France-KLM, Delta Airlines consortium remains only bidder for ITA Airways - 09/01/2022
Le Figaro reports that the Italian Ministry of Economy and Finance has found a prospective buyer for the national carrier ITA Airways. A group led by the American investment fund Certares was the sole bidder for the purchase, and the Italian government will now enter into exclusive negotiations with them. Delta Airlines and Air France-KLM are also members of the alliance. The investor in Wizz...
Electric car maker Lucid files for offering - 08/31/2022
On Monday, Lucid Group Inc. filed for a simplified registration staged offering of up to $8 billion in securities (MSO). This is how the manufacturer of electric vehicles hopes to increase active capital at a time when supply issues are affecting production. The business, which has a market capitalization of approximately $27 billion, earlier this month cut in half its prediction for the...
Companies pay record $544.8B in dividends in Q2 - 08/26/2022
According to the Janus Henderson Global Dividend Index, companies across the globe paid out $544.8 billion in dividends in the second quarter of this year. This figure represents a record-breaking quarterly performance for the entire history of the index. Global payouts increased 11.3% over the previous quarter, while the larges payers were banks and financial institutions. This quarter, their...
Kuwait pushes up production under OPEC+ quota - 08/25/2022
According to Deputy Prime Minister and Oil Minister Mohammad Al-Fares, Kuwait has increased oil production within the quota established by the OPEC+ agreement. He noted that the overall global production capacity is constrained due to years of underinvestment, which causes significant market volatility. The minister said in a statement to the news agency KUNA that "the state of Kuwait has...
Investors in Chinese bonds lose nearly $130B - 08/25/2022
The Financial Times and Bloomberg estimate that investors who purchased dollar bonds from Chinese developers lost $130 billion. About two-thirds of the issued bonds have lost 30% of their value to date as a result of the second year of a real estate market crisis in China. It is now evident that values for many bonds (issued by Chinese developers) have dropped since last year due to unfavorable...
TotalEnergies, Inpex and Woodside to create carbon dioxide storage facility - 08/24/2022
According to a news release from France's TotalEnergies, Japan's Inpex, and Australia's Woodside Energy, a joint venture has been given permission to carry out the appraisal work for a carbon dioxide storage plant in northwest Australia. "A joint venture between TotalEnergies (26%), Inpex (53%), and Woodside (21%) called Bonaparte CCS Assessment has been given permission to conduct an assessment...