USA: Composite PMI estimated to increase in October
(CercleFinance.com) – The growth of private sector activity in the United States accelerated in October according to IHS Markit, its composite PMI index coming out at 57.3 in ‘flash’ estimate, after 55.0 in final data for the month of september. For the record, it is the threshold of 50 that separates the expansion and contraction […]
asset purchases soon reduced, but “premature” to raise interest rates
The American Central Bank (Fed) estimates that “The moment is near” to start reducing its asset purchases, but “premature” to raise key rates soon, its president said on Friday, 10 days before the next monetary meeting. Read alsoJay Powell, Fed boss in the sights of the Democratic left wing “As the time draws near to […]
Turkish bank Halkbank may well be sued in the United States
Turkish public bank Halkbank, indicted in 2019 in the United States for circumventing US sanctions against Iran, may well be sued in the country, a New York appeals court ruled on Friday. Read alsoUS justice accuses Turkish bank Halkbank of fraud in connection with Iran The law granting some immunity to foreign nations before American […]
Amazon facing a new unionization attempt in the United States
Workers at an Amazon warehouse in New York have taken to building a union, six months after a similar attempt in Alabama failed, and are already accusing the e-commerce giant of doing everything to dissuade their colleagues. Read alsoAmazon workers reject union creation At this stage, in the United States, no Amazon sorting and logistics […]
USA: Philly Fed index down in October
(CercleFinance.com) – The growth of manufacturing activity slows down in October, according to the last monthly economic survey of the Philadelphia Fed, whose index stands at 23.8 for the current month against 30, 7 for the month of September. As a reminder, a ‘Philly Fed’ index greater than zero reflects growth in activity in the […]
USA: + 7% of sales of second-hand homes in September
(CercleFinance.com) – Sales of second-hand homes rose 7% in the United States in September, according to the National Federation of Realtors (NAR). At 6.29 million units at an annualized rate, they are above expectations. The NAR specifies that the stock of unsold homes has fallen by 13% over one year to 1.27 million, or 2.4 […]
weekly jobless claims continue to decline
Weekly jobless claims in the United States continued to decline in mid-October, hitting a new low since the start of the pandemic, a sign that the economy is leaving behind the Delta wave of the virus. 290,000 new requests Between October 10 and 17, 290,000 people registered as unemployed to receive an allowance, 6,000 less […]
KKR buys Edge Observatory in New York for more than $ 500 million
The Edge Terrace, Manhattan (GETTY IMAGES NORTH AMERICA / Cindy Ord) KKR has acquired a controlling stake in Edge, the highest outdoor observatory in the West, located in New York, the investment firm said, for $ 508 million, according to several US media outlets. Inaugurated in 2020, Edge is a giant terrace open to the […]
USA-Congressional committee backs contempt charge against Steve Bannon
WASHINGTON, Oct.20 (Reuters) – A U.S. congressional committee investigating the Jan.6 assault on Capitol Hill by hundreds of supporters of Donald Trump voted unanimously on Tuesday in favor of a contempt of Congress charge against Steve Bannon, a longtime aide to former President Donald Trump. The seven Democratic and two Republican members of the House […]
Stellantis goes electric in the United States
The automotive group will open with LG a “giga-factory” of batteries in North America in 2024. Stellantis passes the fifth in the electric. The group resulting from the merger between PSA (Peugeot, Citroën…) and FCA (Fiat, Chrysler…) will open a battery factory in North America in partnership with the South Korean industrialist LG. This “gigafactory” […]