Markets & Industries
Clean energy investors say projects are getting more expensive - 12/20/2021
Investors in wind and solar power believe that rising costs have made sustainable energy projects less profitable. The cost of switching to clean energy is rising due to commodities market inflation, and investors are looking for higher returns by exploring beyond the already mature renewable energy business. For the first time in years, energy companies have to spend more on solar and wind farms...
US Fed to double rate of winding down anti-crisis asset purchases - 12/16/2021
The US Federal Reserve announced that it is accelerating the winding down of its asset-buying programme amid a run-up in inflation to its highest level in almost 40 years. The watchdog lowered the growth forecast for the US economy this year. The Federal Reserve announced it was accelerating the scale back of its asset-buying program, from $15 billion to $30 billion a month from January, "in...
PwC names countries with the most transparent cryptocurrency tax policies - 12/16/2021
For the second year in a row PwC ranked Liechtenstein as the country with the most transparent cryptocurrency tax policy. The small state beat out Germany, Singapore, the US and other major financial centres. Liechtenstein topped consulting firm PwC's index of clarity and transparency in cryptocurrency tax systems, follows from the second edition of the company's annual Global Crypto Tax Report...
China adds 12.07 million jobs in the first 11 months of 2021 - 12/15/2021
About 12.07 million new jobs were created in China in the first 11 months of 2021, beating the annual target, figures released by China's state statistics bureau showed on Wednesday. "From January to November 2021, 12.07 million new jobs were created in China's cities and towns, exceeding the annual plan. Separately, the registered urban unemployment rate in November was 5 percent, up 0.1...
UK watchdog: Apple and Google duopoly restricts ecosystem competition - 12/15/2021
Apple and Google's duopoly could limit competition and ecosystem choices for mobile service users, the UK Competition and Markets Authority (CMA) said in an interim report. Earlier this year, the CMA began investigating how Apple and Google interact with their operating systems (iOS and Android), app stores (App Store and Play Store) and web browsers (Safari and Chrome), which together form their...
Bloomberg lists key economic risks for 2022 - 12/14/2021
Bloomberg has published a forecast of major economic risks in 2022. Experts believe that the main threat to markets is the likely escalations around Ukraine and Taiwan, as well as the spread of the new COVID-19 strain. In particular, it is reported that if the omicron strain proves more dangerous than other strains of COVID-19, the global economy could slow to 4.2%. But if it turns out to be less...
Air freight prices hit record highs - 12/14/2021
According to the Financial Times, the cost of air freight on major routes has reached an all-time high. Last week, costs on routes from Shanghai to North America hit $14 per kg for the first time, according to the Baltic Exchange Airfreight Index and TAC Freight, which track airfreight prices. Airfreight for that route was $8 per kilogram in August. As a result, the price has nearly doubled in...
WSJ: Inflows into ETFs surpass $1T for the first time - 12/13/2021
Experts have noted record inflows into exchange-traded funds around the world, with more than $1 trillion invested in them in 2021. Most of that money went into US index funds managed by Vanguard, BlackRock and State Street. In 2021, inflows into exchange-traded funds (ETFs) around the world reached a record high. This is reported by The Wall Street Journal, citing data from analyst firm...
Analysts: 179 companies left major US exchanges in 12 months - 12/08/2021
According to research firm Finbold, 179 businesses have departed the two main US stock markets, the New York Stock Exchange (NYSE) and the NASDAQ, in the last year. The overall number of issuers on these exchanges is at 6,000, down about 3% from the previous year. The NYSE companies were the most commonly delisted, with a 15.3 percent fall in the number of businesses listed there, from 2,873 to...
Goldman Sachs cuts US GDP growth forecast for 2022 - 12/06/2021
According to Goldman Sachs, US GDP will expand by 3.8 percent in 2022, lower than the 4.2 percent originally predicted. The omicron strain, according to the bank's economist Joseph Briggs, may impede the economic recovery, reports Reuters. According to this economist, GDP growth in the fourth quarter of 2022 will be 2.9 percent compared to the current quarter, down from a previous estimate of 3.3...
