The October New York Fed manufacturing index showed a contraction in activity for the third consecutive month. In addition, the percentage of the most pessimistic producers on business conditions in early 2023 has increased. Key point The New York Fed Manufacturing Activity Index is minus 9.1 Down by almost 8 points from -1.5 the previous … Read more
Jakarta, CNBC Indonesia – Crude oil prices have fallen freely this week as the issue of the global recession continues to overshadow and suppress the demand for commodities, including crude oil. West Texas Intermediate (WTI) crude oil closed 3.93% lower at USD 85.61 / barrel on Friday (14/10/2022), while Brent closed 3.11% lower. at 91.63 … Read more
JPMorgan Chase & Co. reported the highest quarterly net interest income (NII) ever recorded in the third quarter. The full-year NII outlook has also been revised upwards. benefited from interest rate hikes by the US Federal Reserve. According to the 14th quarter financial results announcement, NII for the third quarter was $ 17.6 billion (about … Read more
Russian President Vladimir Putin signed a presidential decree to transfer the operational body of the Far Eastern oil and gas development project “Sakhalin 1” to a new legal entity established by the country. The fledgling Russian entity will take over Sakhalin-1’s rights and responsibilities from current operator Exxon Neftegaz and the investment consortium, according to … Read more
The US stock market fell on the 15th. A series of conflicting economic data released today left little change in the market view of next week’s Federal Open Market Committee (FOMC) meeting. The dollar / yen traded in the mid-range of 143 yen. US stocks fall, the S&P 500 hits a low since July 18th … Read more
The US Treasury Department introduced on the 9th the define recommendations for the strategy to set a ceiling on the cost of Russian oil. Emphasis is placed on detailing the documentation required from non-public organizations to comply with the cost boundaries. Tips issued by the Treasury Department’s Business of Overseas Belongings Control (OFAC) demand personal … Read more
Russia could face a extended and deeper economic downturn amid the developing impact of US and European sanctions, a geared up inside of take note for the Kremlin disclosed. The doc, which officials and gurus took months to set jointly in an try to correctly determine the impression of the Russian economy’s isolation from the … Read more
French Financial system Minister Bruno Le Maire explained the European Union wants to persuade some hesitant member states to act unanimously on plans to restrict the rate of Russian oil. On Thursday, the nations of the Team of 7 (G7) agreed to limit the value of Russian oil in an attempt to restrict Russia’s electrical … Read more
The S&P 500 stock index fell on the US stock market on the 2nd. Even after the announcement of US employment statistics in August, the outlook for future US monetary policy did not change much and the week fell for the third consecutive week. After the dollar / yen exchange rate hit a high of … Read more
Rabil Maganov, president of Russian oil huge Lukoil, died just after falling out of the window of a Moscow healthcare facility, Russian media documented. Russian condition information company TASS reported Monday that Maganov, 67, had dedicated suicide, citing an unnamed regulation enforcement formal who knew about the subject. He experienced had a heart attack and … Read more