China's central bank, the People's Bank of China (PBOC), has implemented a specific credit program to assist businesses and major stakeholders in purchasing their own stocks. The PBOC announced a program worth 300 billion yuan ($42.1 billion) in September, which will offer low-interest loans to 21 commercial banks for companies and shareholders meeting specific criteria, as a recent PBOC...

The UK government has successfully obtained investments worth £6.3 billion ($8.2 billion) from four US technology firms for data center projects, according to The Wall Street Journal. Specifically, CyrusOne, a data center operator supported by investment company KKR & Co., intends to invest 2.5 billion pounds in British projects set to be up and running by the end of 2028. ServiceNow, a...

According to Bloomberg, the UK has dropped to seventh place globally in the volume of capitalization, falling behind Canada's market. Since the start of the year, Canadian companies traded on the stock market have seen an 11 percent increase in their market value, reaching $3.22 trillion. The British stock market, which was once one of the top global markets, now lags behind the US, China,...

The German government has revised its 2024 economic forecast downwards, now predicting a 0.2% GDP decline compared to the previous 0.3% growth forecast in April. Germany experienced a 0.3% decrease in GDP in 2023. The Financial Times reports that there will be a decrease for two years in a row for the first time since the early 2000s. German Economy Minister Robert Habeck stated on October 9...

The National Cognac Bureau (BNIC) stated that French cognac producers are now being held captive by the impact of the EU's tariff increase on Chinese electric cars and Beijing's retaliatory actions. "We urge our government to act accordingly to put an end to the escalation that is affecting us," stated BNIC on Tuesday. The organization said that China's response to brandy shipments would have a...

Italgas, an Italian gas company, has revealed the acquisition of 2i Rete Gas, a smaller competitor, for €5.3 billion, which includes debt, from F2i SGR S.p.A. and Finavias. Italgas announced in a press release that the agreement is set to be finalized in the first half of 2025 pending regulatory approval. The consolidation of the firms will lead to the establishment of the biggest operator of a...

Scott Rubner, a technical strategist at Goldman Sachs Group, expects that the S&P 500 American stock index could achieve 6,000 points by the end of this year. MarketWatch reports that the forecast predicts an approximately 5% increase in the indicator from its current levels. Rubner anticipates a late October start for the rally in the U.S. stock market, with three weeks of heightened volatility...

Two additional major Japanese sponsors of the International Olympic Committee (IOC) - Toyota and Bridgestone - have decided not to extend their contracts. During a meeting with US dealers, Akio Toyoda, President of Toyota, said that they chose not to continue sponsoring the IOC after Paris due to doubts about their focus on prioritizing people's interests. At that, Toyoda promised to keep...

The Bank of England announced that the last publication of LIBOR data took place on September 30, marking the end of the rate's existence. This impacted all 35 LIBOR rates across various currencies and maturity periods. The British central bank stated that shifting away from LIBOR, which was previously tied to around $400 trillion worth of financial contracts, has improved the safety,...