The Strategist
Markets & Industries

Commodity traders earn $100bln in 2023 - 03/19/2024

According to calculations made by the consulting firm Oliver Wyman, businesses involved in commodity trading made $100 billion in profits overall by the end of 2023. This is the second-highest figure after the record-breaking year of 2022, when overall earnings reached approximately $150 billion. After the turbulent events of 2022, which included supply chain disruptions, high market volatility,...

NIUS: Number of bankrupt companies rises in Germany - 03/18/2024

According to the German newspaper NIUS, the number of bankrupt companies in Germany has been in the double digits for the past year and a half, and there is every reason to anticipate that it will continue to rise. There were 17,814 German company bankruptcies in 2023, a 22.1% rise from the previous year. The authors stress that 38% more major bankruptcies were reported than a year earlier, and...

US airlines expect to reduce airplane deliveries due to Boeing's problems - 03/13/2024

A number of American airlines have stated that they anticipate a decrease in aircraft deliveries in 2024 because of Boeing's issues. Southwest Airlines announced on March 12 that it had received word from Boeing that, contrary to expectations, the company would only be able to obtain 46 737 MAX 8 aircraft this year, as opposed to 79. The airline stated that as a result, it will have to alter its...

Gartner expects global electric vehicle sales to grow above 20 million in 2025 - 03/13/2024

According to research firm Gartner, shipments of electric vehicles worldwide would rise to 18.4 million units in 2024 and 20.6 million in 2025. Global sales of electric vehicles exceeded 15 million in 2023. 15% of electric car startups that were established in the last ten years are expected to be purchased or file for bankruptcy by 2027. "This does not imply that the market for electric...

UK lets professional investors trade cryptocurrency assets - 03/12/2024

The UK exchanges are now able to trade assets related to cryptocurrencies thanks to permission from the Financial Conduct Authority (FCA). The Financial Times reports that only experienced investors will be permitted to transact using exchange-traded notes, or ETNs, in the cryptocurrency space. Notably, the watchdog issued a warning, stating that these instruments are "ill-suited for private...

World central banks buy 39 tons of gold in January - 03/06/2024

Preliminary estimates from the World Gold Council (WGC) indicate that 39 tons of gold were purchased by global central banks in January as foreign exchange reserves. According to WGC analyst Krishan Gopaul's evaluation, this is more than double the specified amounts of December (16.9 tons), making January the eighth straight month of growth. China (10 tons) and Turkey (11.8 tons) were the...

World's largest lithium producer places $1.75 billion in depositary shares - 03/06/2024

The largest lithium producer in the world, US-based Albemarle, said in a press release that it has begun a public offering of $1.75 billion in depositary shares. Each of the securities represents a 5% interest in one mandatory convertible preferred stock of Series A. Albemarle plans to provide the offering's underwriters a 30-day window to buy an additional $262.5 million worth of depositary...

Swiss central bank increases loss to 3.2 billion francs in 2023 - 03/05/2024

The Swiss National Bank (SNB) reported a net loss of 3.2 billion francs ($3.6 billion) for 2023. The loss was 132.5 billion francs in 2022. According to the SNB, its foreign currency positions saw a profit of 4 billion francs last year, while its local currency positions saw a loss of 8.5 billion francs. Concurrently, gold's worth increased by 1.7 billion francs on the Central Bank's balance...

WSJ: The world will soon experience second "China Shock" with abundance of cheap goods - 03/04/2024

China is addressing economic issues by growing the amount of goods produced beyond what is needed domestically, according to the Wall Street Journal (WSJ). A second wave of Chinese imports will be felt by nations all around the world. Twenty years ago, the world economy was hit by the "China shock", a sudden and severe surge of low-cost Chinese goods. Economists predict that this pattern will...

Ukraine to limit exports to EU due to Polish farmers' protests - 03/01/2024

Taras Kachka, the deputy minister of economics for Ukraine, stated that Kiev is ready to restrict food exports to the EU in order to allay the worries of Polish farmers. He went on to say that Ukraine might stabilize the fast rise in supplies by using the mechanisms of licensing and monitoring of commodities. “We'll concede that export growth will not be as rapid as it has been in prior years....
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