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English section

Watchdogs should pay more attention to the “who” when regulating the grey corners of finance

As a market that could be over $225 trillion in size, the non-bank financial industry is regulators’ new target. They are hawkish over hidden risks here, especially after British pension funds narrowly dodged catastrophe in 2022.
Author: Financial Market
Timp de citit: 9 minute

Leonardo Badea (BNR): Outlook for the coming year and possible responses to existing challenges

“In recent years, economies around the world have gone through a difficult and complicated situation, marked by the materialization of new global risks that have affected economic development and triggered transformations with long-term effects that will continue to represent a challenge for the conduct of economic policies during the next year as well.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Metals and raw materials, the new East-West battleground

By 2050, Europe needs to cumulatively spend $5.3 trillion on clean energy projects. But there’s a sixfold increase in the global production of some metals and raw materials required for that purpose.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 3 minute

Global IPO market went from record-breaking to full-on abating

After a record-breaking 2021, the global IPO market took a sharp turn in the opposite direction in 2022. With only 1,333 IPOs raising US$179.5b, IPO activity dipped 45% and 61% by number of deals and proceeds, respectively, year-over-year (YOY).
Author: Financial Market
Author: Financial Market
Timp de citit: 3 minute

Nike reported better-than-expected sales and profits for its second quarter 2023 financial results

Nike (NKE.US) reported great financial results for its fiscal second quarter, ending November 30, 2022 with revenue and earnings per share beating analysts forecasts on Wall Street.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: < 1 minute

There are solid arguments for Microsoft to acquire Netflix

Netflix’s naming of Microsoft as a partner for its ad-supported service in July was a signal of what the two companies might be planning in the future.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 4 minute

The future of banks globally is uncertain, with more than half of them facing low profitability and reduced growth prospects, despite rising margins recently

Despite solid margin growth, more than half of the world’s banks continue to experience profitability problems and a return on equity that is below their cost of equity
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Bank of Japan’s yield tweak sends strong waves into the markets

The Bank of Japan took the markets by surprise on Tuesday, by expanding its target band for 10-year yields to 50 basis points from 25, in a move that could bring more flexibility to the central bank’s monetary policy.
Author: Article based upon analysis from Reuters Breakingviews
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

China’s tech rise is merely slowed down by Washington’s chip export rules

President Xi Jinping’s ambition to transform China into a technological powerhouse was quenched by Washington’s recent restrictions on semiconductors exports to Beijing.
Author: Article based upon analysis from Reuters Breakingviews
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

A major breakthrough in Sino-American negotiations over inspections of Chinese audits

Beijing is discussing for over a decade with American regulators the logistics of allowing onsite investigations of audits made to Chinese companies listed in New York.
Author: Article based upon analysis from Reuters Breakingviews
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Lagarde and Bailey raise interest rates again and promise further increases

The European Central Bank and the Bank of England raised their key interest rates by 50 basis points on Thursday, less than 24 hours after the Fed did the same.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

Eurozone downturn eases and inflation pressures fall as supply improves

The eurozone downturn extended into its sixth successive month in December, according to flash PMI data, though the rate of decline of business activity moderated for a second month running amid a reduced rate of loss of orders
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: < 1 minute

With Tesla underperforming this year, it’s getting harder for Musk to convince investors

Elon Musk has a selling target of 20 million cars a year by the end of the decade, twice as much as the current global leader Toyota Motors sold in 2019
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

Fed raises rates by 50 bps and signals more to come

The Federal Reserve voted today to raise the Fed Funds target rate range by 50bp to 4.25-4.5%, in line with market expectations.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Energy firms are pumping out free cash flow, making things harder for the ESG movement

The global energy crisis has fueled massive profits at companies like Chevron and Exxon Mobil, making the ESG movement’s mission harder to move forward.
Author: Article based upon analysis from Reuters Breakingviews
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: < 1 minute

Chinese lockdown exit is again showing positive effects, but there’s a twist

Chinese stock exchanges have been on the rise in the last month, being among the best-performing in the world in this period.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

Crypto exchange Binance tumbles after gloomy „proof of reserves” report

After the collapse of Crypto exchange FTX, Binance CEO urged other crypto exchanges to reveal details regarding their financial health (especially the level of reserves), which was supposed to restore investors’ confidence.
Author: Financial Market
Author: Financial Market
Timp de citit: 6 minute

Leonardo Badea (BNR): The reversal of the cheap money regime implies adjustments in the trends of international financial markets

For a very long time the activity on the international financial markets has been dominated by expectations regarding the main central banks of developed economies maintaining accommodative monetary conditions.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: < 1 minute

Exxon and Chevron have set aside $40 billion for shale projects next year

Oil giants Exxon Mobil and Chevron are set to spend up to $39 billion combined in shale investments in 2023. They also seek to lower the carbon intensity of production, while increasing returns to investors if crude prices stay elevated.
Author: Article based upon analysis from Reuters Breakingviews
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Venture investors don’t run out of options in sticking with Buy-now-pay-later companies

Online financial services providers like Klarna and Affirm saw their value drop over the past year. But the business model remains attractive to venture investors, who are now putting their money on E-commerce financers that lend to small businesses rather than consumers.
Author: Article based upon analysis from Reuters Breakingviews
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

BlackRock’s chief booed by UK activist investor for not being ESG enough

Bluebell Capital Partners has its eyes on BlackRock chief Larry Fink over what has been termed his “apparent hypocrisy” over environmental, social, and governance (ESG) investment criteria.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

Euro area GDP up by 0.3% in the third quarter of 2022

In the third quarter of 2022, seasonally adjusted GDP increased by 0.3% in the euro area and by 0.4% in the EU, compared with the previous quarter, according to an estimate published by Eurostat. In the second quarter of 2022, GDP had grown by 0.8% in the euro area and by 0.7% in the EU.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Despite solid data, something makes ECB twice as prudent in supervising banks

ECB’s top representatives are saying that lenders are overly optimistic while a future recession could pose serious threats to the banking system.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

China loosens anti-COVID measures trying to boost economic growth

China announced these days that it is further relaxing its Covid-19 measures, two policies being on the agenda. The first is that many people will not need to test anymore.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: < 1 minute

Mutual funds set to have their best year of outperformance against benchmarks

According to research from Goldman Sachs, 56% of the 548 active funds in U.S. are currently outperforming their benchmarks.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

UiPath reported third quarter financial results that came above analysts’s expectations. Stock surged more than 10%

UiPath, Inc. (NYSE: PATH), a leading Romanian enterprise automation software company, announced last week financial results for its third quarter fiscal 2023 ended October 31, 2022 that were better than expected, with revenue up 19% yoy while loss per share was 10 cents vs consensus of $-0.18/share.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

The current intertwined crises of capitalism fire the analysts’ imagination

There’s still some bubble to deflate on the U.S. stock market, while inflation is far from being under control in many parts of the world. High interest rates didn’t yet manage to tame rising prices, rather putting pressure on borrowers.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

US Non farm payrolls rose by 263,000 in November, more than expected despite Fed rate hikes

The US economy added 263,000 jobs in November, ahead of the 200,000 consensus estimate, even when accounting for a 23,000 downward revision to the past couple of months of data.
Author: Financial Market
Author: Financial Market
Timp de citit: 2 minute

Eurozone inflation comes down to 10% in November

Inflation dropped more than expected from 10.6 to 10% in November, mainly on energy price developments while core inflation remained stable at 5% though
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Even if the pay hits a plateau, working in private equity still beats investment banking

Unfavorable market conditions marked by rising interest rates and volatility from geopolitical tensions such as the Russia-Ukraine war have prevented private equity firms, including Carlyle, from cashing out investments for top dollar.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

Raiffeisen Bank placed a new issue of sustainable bonds in local currency

Raiffeisen Bank S.A. successfully placed on Friday, November 25, a new issue of corporate bonds in RON, being the fourth non-preferential senior bond issue out of the bank’s six eligible bond issues.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

The more Beijing officials struggle to be in control, the more they lose it

Protests in China intensify, while new Covid cases exploded to over 40,000 on Sunday. Officials in Beijing are now facing interrelated economic, health, and political crises.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 8 minute

Santa Claus Rally? – Here are 10 companies to look for

Santa Claus rally – a phenomenon in the stock market, which for many traders has woven a successful Christmas, and with a bit of luck – even spent in some exotic corner in pleasant company.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

The two main tools in curbing price hikes, less effective for U. S. than UK

When fighting inflation, what works for some is of little or no use for others. If prices go up due to supply bottlenecks, increasing the key interest rate could prove as unusefull as cutting an apple in half for the same purpose.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 4 minute

Leonardo Badea (BNR): Financial education – strengthening the resilience of the population and financial stability in the context of overlapping crises

The current context is still dominated by a series of overlapping crises. As the effects of the COVID-19 pandemic appear to be gradually diminishing throughout Europe and the US, they remain high in China and continue to affect a significant part of supply chains
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Indonesian nickel is making China’s Lygend Resources hungry for a successful IPO

Price of nickel jumped 20% since the beginning of the year, bringing very healthy profits for companies in the field. Take China’s Lygend Resources & Technology for example, who’s bottom line grew to 2.3 billion yuan in the first half of 2022.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

Zoom growth slows down from it’s peak while guidance disappoints investors

Zoom Video Communications, the rockstar company during the pandemic has lost more than 80% of its market capitalization since its peak in mid-2020.
Author: Financial Market
Author: Financial Market
Timp de citit: 3 minute

Eurozone economic contraction eases in November, price pressures cool

The seasonally adjusted Eurozone PMI Composite Output Index rose from 47.3 in October to 47.8 in November, according to the preliminary ‘flash’ reading based on approximately 85% of usual survey responses.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Coinbase struggles to alleviate contagion from FTX collapse

Bonds issued by cryptocurrency exchange Coinbase have slumped as investor confidence in the industry slid in the wake of FTX’s collapse.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

CAPEX.com Announces In-Principle Approval of Crypto Trading License

CAPEX.com announced today that it has received the In-Principle Approval to operate a cryptocurrency trading license in Abu Dhabi. It is not the first time the brand has received a vote of confidence from ADGM (Abu Dhabi Global Market), as it has been developing its strong MENA region presence since 2019.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Agreement for loss and damage fund, the key takeaway from COP27

Creating a specific fund for loss and damage marked an important point of progress, to what otherwise would have been a flop at recently ended COP27.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 4 minute

Companies that have a chance to profit from the FIFA World Cup

The FIFA Qatar 2022 World Cup is scheduled to run from November 20 to December 18 this year. In the stadiums and in front of TVs we will be accompanied by football emotions, while on the screens of trading platforms the impressions will not be any less.
Author: Financial Market
Author: Financial Market
Timp de citit: 2 minute

Siemens reported strong revenue growth for fiscal year 2022. Net income more than doubled

Siemens delivered strong performance in fiscal year 2022 that ended at 30 september, with a record-high profit of more than €10 billion in Industrial Business.
Author: Financial Market
Author: Financial Market
Timp de citit: 2 minute

Ipopema Securities recommends BUY for Impact Developer & Contractor. Upside 36% as of today

Polish broker Ipopema Securities sees a 36% upside for Impact shares (Impact Developer & Contractor) after releasing financial results for the last quarter of 2022.
Author: Financial Market
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Global coordination may prove the most challenging aspect of regulating crypto

When your cryptocurrency exchange is based in the Bahamas or has no headquarters at all, chances of reclaiming your money are slim.
Author: Article based upon analysis from Reuters Breakingviews
Author: Article based upon analysis from Reuters Breakingviews
Timp de citit: 2 minute

Alphabet is under pressure to axe the workforce and other costs

British billionaire Chris Hohn called on Google parent Alphabet to get in line with other big tech companies in terms of layoffs and pay cuts.
Author: Article based upon analysis from Reuters Breakingviews
Author: Financial Market
Timp de citit: 2 minute

Cisco reported a 6% increase in revenue, upon easing supply situation

Cisco Systems reported third quarter (Q1 FY2023) results that beat analysts’ expectations and lifted its guidance for fiscal 2023.
Author: Financial Market
Author: Financial Market
Timp de citit: < 1 minute

Walmart reported strong revenue growth for the third quarter with strength across all business segments

Walmart, the world’s largest retailer, reported strong revenue growth globally, with strength in Walmart U.S., Sam’s Club U.S., Flipkart, and Walmex.
Author: Financial Market
Author: Financial Market
Timp de citit: 2 minute

Salt Edge expands its Open Banking offering to the Saudi Arabia market

Salt Edge, a global Open Banking pioneer, has announced its expansion to the Kingdom of Saudi Arabia, aiming to help banks and other financial institutions to bring innovative solutions to the market and contribute to the Kingdom’s efforts toward the digital rise of technologies via Open Banking.
Author: Financial Market
Author: Financial Market
Timp de citit: 3 minute

Infineon Technologies reported strong fourth quarter and full year financial results

Group revenue grew by €525 million or 15 percent to €4,143 million in the fourth quarter of the 2022 fiscal year, compared with €3,618 million in the previous three-month period.
Author: Financial Market