Vanguard Finalizing Its China Exit
Vanguard Group Inc. is finalizing its exit from China and its 29 trillion yuan ($4 trillion) mutual fund market. The firm has signed severance agreements with its roughly 10 remaining…
Apparel Manufacturers Seeking To Exit China Encounter Difficulties
Earlier this week, Bloomberg reported that global garment and footwear producers are experiencing difficulties in transitioning to supply chains outside of China, according to reports from several apparel makers and…
Bitcoin Rallies As SEC Looks To Allow ETFs In
Bitcoin surged to a high not seen in 17 months, as investor sentiment was buoyed by hopes that the Federal Reserve might have finished hiking interest rates, and that new…
Kpler – Russian Crude Exports Set To Surge
On Tuesday, business daily Kommersant reported that Russia is likely to increase the volume of its oil exports in November, according to an analysis from Kpler. The report said that…
EU Says Its Too Early To Judge Fallout From Ukraine Cutting Russian Gas Transit
At a press briefing on Monday European Commission spokesman Tim McPhie said that EU officials are not yet able to assess the fallout from Kiev’s decision to not renew its…
In UK, Mortgage Approvals Plummet
On Monday, the Bank of England reported that in September, British banks approved 43,328 mortgages, marking the lowest number since January, and fueling concerns that the British housing market may…
German Economic Data Again Triggers Recession Fears
On Monday, the German federal statistics office, Destatis, reported that the German GDP fell 0.1% on the third quarter compared to the previous three months, off higher interest rates and…
Chinese Tech Giants Delete Israel From Their Maps
On Monday, the Wall Street Journal reported that Chinese Tech giants, including Baidu and Alibaba, have deleted the country of Israel from their online maps of the region. The report…
Russian Government Maintains Strict Exit Procedures For Western Companies
Russia’s Press Secretary Dmitry Peskov announced during a press briefing on Tuesday that Western companies which wish to exit the Russian market will need to follow the procedures set by…
