Inflation The price increase for food was 21.8 percent in 2022. (Photo: dpa) Frankfurt Despite sharply rising energy prices, disrupted supply chains and capacity bottlenecks, the past few years have not been years of crisis for many companies. Not only large energy companies recently reported record profits, but also companies such as BMW, Bosch, Hapag … Read more
WELT: Mr. Utermann, in a dramatic rescue operation, the Swiss UBS took over Credit Suisse. How do you rate the merger? Andreas Utermann: The role of the “Monday morning quarterback”, who analyzes the games from the weekend afterwards, has never suited me. I prefer to look ahead. And then I noticed that the markets have … Read more
In recent months, former Brazilian President Luiz Inácio Lula da Silva has been steadily increasing in popularity, surpassing current President Jair Bolsonaro in approval ratings. This comes as a surprise to many, given the controversies surrounding Lula’s previous terms in office, including corruption charges and imprisonment. Despite this, the Brazilian people seem to be rallying … Read more
Inflation data for the 20-country eurozone is expected to be announced tomorrow, Thursday, and economists expect inflation to slow to 8.3% from 8.6%, while core inflation, which has been of interest to European Central officials recently and excludes volatile energy and food costs, is likely to remain at a record level. It is 5.3%. When … Read more
The koruna breaks through the threshold of 23.90 per euro, for the first time since November 2008. However, it will weaken by the end of June. “Now is a good time to buy foreign currency,” advises economist Lukáš Kovanda. The Czech currency broke the exchange rate limit of 23.90 crowns per euro on Thursday afternoon. … Read more
Bankenskyline von Frankfurt 29.9 percent of those companies that are currently negotiating a loan reported reluctance on the part of the banks in December. (Photo: dpa) Berlin In view of rising interest rates and the feared recession, companies in Germany are finding it more difficult to obtain new bank loans. 29.9 percent of those companies … Read more
The krona strengthened against the euro on Monday morning to its strongest level since 2008, and it also strengthened significantly against the dollar. He is helped by the post-covid boom in Chinese and Asian markets and the prospects of a weakening dollar, writes economist Lukáš Kovanda in his commentary. During trading this morning, the Czech … Read more
to announce Swiss central bankfor a record loss of 132 billion Swiss francs (last year, breaking the previous record, when its loss in 2016 reached 23 billion, due to the decline in financial markets, which reduced the value of shares and bonds in wallet. The central bank clarified information today, Monday, in its preliminary results … Read more
2:42 pm Tuesday 27 December 2022 I wrote – Manal Al-Masry: After hours and days of speculation, the National Bank of Egypt and Egypt offered an interest certificate of 20% out of question during the current period, according to the assurances of the top management of the two banks yesterday, Monday, despite the Central Bank … Read more