English section

The global economy continues to face steep challenges, shaped by the lingering effects of three powerful forces: the Russian invasion of Ukraine, a cost-of-living crisis caused by persistent and broadening inflation pressures, and the slowdown in China.

The UK central bank arrived at its fifth attempt in less than a month to decompress a distressed bond market, when saying on Tuesday it would buy more gilts.

China’s development of advanced semiconductors used in military applications is to be blocked by the export controls unveiled by the U.S. Department of Commerce on Friday.

Renault wants to go ahead with its plans to curve out electric and combustion-engine businesses, but needs its Japanese partner’s approval and money to proceed.

Fitch Ratings has affirmed Romania’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Negative Outlook.

Credit Suisse said it would repurchase parts of 12 dollar-denominated bonds, for up to a total $2 billion.

The US added 263k jobs in September with 11k of upward revisions to the past 2 months, above to the consensus 255k. The payrolls data shows solid gains in most areas with manufacturing rising 22k despite the ISM employment index moving into contraction territory.

The conditions for the bear market are met: falling prices of assets are there, even the pessimism is there. 

Taking into consideration the changes in oil prices and the increased volatility, OPEC+ made a bold decision and agreed to cut supply by 2MMbbls/day in a meeting held in Vienna yesterday.