Global figures have been denying any misconduct regarding the “Pandora Papers” data leak of what news sources are calling “a secret trove of documents about offshore finance”, according to Reuters. These include the Czech prime minister, the king of Jordan and top Pakistani cabinet ministers. The data leak is being investigated by India who will …
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There has been a decline in European stocks today (Wed 6th Oct), due to concern about high inflation, fuelled by rising energy costs, which is forcing central banks to tighten their monetary policy faster, consequently affecting the post-pandemic recovery. Normally we would expect to see an increase in German factory orders, a clear indicator of …
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Opportunities are emerging in China’s beaten-up bond markets after the recent selling caused by the debt crisis at property developer Evergrande. Fund giant Fidelity is now investing money back into Chinese stocks as they believe there is a high risk-reward on offer. According to Reuters, there has been a variety of factors that has caused …
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To avoid an historic default, the US Senate has now voted to temporarily raise the nation’s debt limit to avoid catastrophic circumstances for the economy. Senators have agreed to raise the limit by $480bn (£352bn), which will cover the US until early December. According to the BBC, “the breakthrough came less than two weeks before …
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Oil prices have increased again today (Oct 11), extending multiweek gains as the energy crisis taking hold of many major economies shows no sign of stopping, causing supply restraints for vital producers.Reuters state that “Brent crude was up $1.20 cents, or 1.5%, at $83.59 a barrel by 0656 GMT, after gaining nearly 4% last week. …
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