Tag: cuts
China’s central bank cuts interest rates again
In contrast to major economies in the world fighting inflation, China decided to cut from 3.55% to 3.45% the one-year interest rate, which serves as a benchmark for business loans.…
Dear fuel, consumers are asking for cuts in excise duties and temporary zeroing of VAT
(Finance) – “In this summer of 2023 we are witnessing unacceptable fuel price increases. The government has adopted mild measures (cartels with average prices) which, as we expected, have proved…
Egypt: faced with the crisis and power cuts, traders forced to adapt
In the midst of an economic crisis, prices are soaring in Egypt. Faced with this situation, the Egyptian government is promising stable electricity prices until next January. But for the…
Wall Street awaits macro data, Tesla down after price cuts
(Tiper Stock Exchange) – Wall Street is recovering, rising compared to the openingwith the Dow Jones which stops at 35,250 points, while, on the contrary, a slight increase for theS&P-500,…
Oil: IEA cuts demand estimates, weighs difficult macro scenario and electric cars
(Tiper Stock Exchange) – World oil demand is reaching record levelsboosted by heavy summer air travel, increased use of oil in power generation, and rising Chinese petrochemical activity. Global oil…
Cano Health cuts 17% of workforce and aims to sell company
(Tiper Stock Exchange) – Cano Healtha company active in the healthcare and management of facilities for the elderly, closed the second quarter (as of June 30, 2023) with come in…
BB Biotech, Intesa Sanpaolo cuts target price and confirms Hold
(Tiper Stock Exchange) – Intesa Sanpaolo has lowered to 46.1 euros per share (from 51.1 euros) the target price on BB Biotechinvestment company in the field of biotechnology and listed…
Heavy rain over Dalarna – several alarms about flooding and power cuts
During lunchtime on Monday, three alarms about flooding in Rättvik came in in less than ten minutes. The rainy weather has moved in over parts of Dalarna. When SVT reached…
EdiliziAcrobatica, TP ICAP Midcap cuts target price and confirms Buy
(Finance) – TP ICAP Midcap has lowered the target price (at 24 euros per share of 25 euros) and the judgment confirmed (Buy) up BuildingAcrobatics, a company specialized in double…
GDP: PBO slightly raises estimate on 2023, but cuts 2024
(Tiper Stock Exchange) – The Parliamentary Budget Office has slightly revised upwards the 2023 GDP forecast from +0.9% to +1.0% but cut by 0.3 points those on 2024 from +1.4%…