Business activity in China rose more than expected in January, government data showed on Tuesday, as the recent easing of COVID-19 measures and Lunar New Year celebrations helped overcome a 3-month slump. China’s manufacturing business activity index (PMI) rose to 50.1 in January, higher than the expected 49.8 and December’s 47.0. A reading below 50 […]

US bank Goldman Sachs Group (NYSE:GS) has transferred a number of assets in Russia to former top managers of Russian businesses, the Financial Times writes, citing informed sources. According to the sources, Goldman’s stakes in HeadHunter (MCX:HHRUDR) and Cian were sold to Maxim Klimov and Anton Shrader. They previously worked as managing directors of the […]

There are signs that the weather in the United States may turn bad at some point. But it doesn’t look like it will happen fast enough to stop the bears from pushing natural gas futures lower. The March Henry Hub gas contract on the New York Mercantile Exchange fell 17.2 cents, or 6%, to $2.677 […]

A U.S. appeals court on Monday rejected Johnson & Johnson’s attempt to transfer tens of thousands of lawsuits against its talcum powder products to bankruptcy court, Reuters writes. J&J is among 4 large companies in the U.S. that have declared 2-stage bankruptcy to avoid potential massive lawsuits by creating subsidiaries to cover liabilities and immediately […]

In 2022, central banks will accumulate 1,136 tons of gold worth about $70 billion – a record amount since 1967, Reuters writes, citing data from the World Gold Council (WGC). There has been a noticeable change in attitudes toward gold since the 1990s and 2000s, when central banks, especially in Western European countries holding large […]

The ChatGPT chatbot from OpenAI, a company co-founded by Iron Man himself, promises to become almost the main discovery of the year. Already now the neural network can dialog, search for errors in the code, compose poems, write scripts and even articles. It is encouraging that the bot is not very good at investing. When […]

Twitter (NYSE:TWTR) CEO Ilon Musk is going to organize the platform’s payment system so that crypto features can be added to it in the future, Cointelegraph writes. Musk has long planned to create Twitter a “universal app for everything.” He envisioned that the payments feature on the platform would support the launch of fiat currencies, […]

The US Federal Reserve will begin its 2-day monetary policy meeting today amid weakening economic data, although the International Monetary Fund has slightly raised its forecasts for this year. The Eurozone appears to have avoided recession in the second half of last year, but it too is suffering from a loss of momentum at the […]

Warren Buffett’s Berkshire Hathaway Corporation shares have fallen nearly 1% this year, compared to a 5% rise in the benchmark S&P 500 index and a 10% rise in the Nasdaq Composite, meaning Buffett’s personal fortune has shrunk by $529 million to $107 billion, making him the only one of the world’s 10 richest people whose […]

The Central Bank of Azerbaijan has increased the discount rate by 25 basis points (b.p.) – up to 8.5% per annum. The Central Bank reports that the lower threshold of the interest rate corridor was increased from 6.25% to 6.75%, the upper threshold – from 9.25% to 9.5%. This decision comes into force on February […]

One of the largest gas storage facilities in the EU suspended operation due to an accident, and experts assessed the consequences of the introduction of the digital ruble for banks and retailers – these and other important news for Wednesday morning, February 1, in our daily review. In one of the largest underground gas storage […]

UK mobile operator Vodafone Group (LON:VOD) Plc has reaffirmed its outlook for the 2023 financial year, which ends in March. According to the company’s press release, adjusted EBITDA is still expected to be in the range of €15-15.2 billion. Free cash flow is estimated at around €5.1 billion. Vodafone generated revenue of €11.638 billion in […]

U.S. PayPal Holdings Inc (NASDAQ:PYPL). the payment system operator, plans to cut about 7% of its employees as part of an overall cost-cutting program. The cuts will affect about 2,000 jobs, Chief Executive Officer Dan Shulman told employees. “While we have already made serious progress in optimizing our cost structure by focusing resources on our […]

Electronic Arts (NASDAQ:EA), one of the world’s leading developers of computer games, saw its Q3 fiscal 2023 revenue rise 5.1% to $1.881 billion from $1.789 billion, the company said in a statement. Meanwhile, the company’s net orders received in the past quarter fell to $2.34 billion from $2.58 billion a year earlier. Analysts surveyed by […]

In January 2023, loading on the network of Russian Railways amounted to 99.2 million tons, which is 4.8% less than in the same period last year, the company reported. Cargo turnover for January 2023 increased by 1.5% year-on-year to 228.4 billion tariff ton-kilometers. Cargo turnover including empty wagon mileage for the same period increased by […]

The continuation of the U.S. confrontation with China will be a new partnership that the White House is counting on – with India. It should help both countries compete with China in military hardware, semiconductors and artificial intelligence, Reuters writes. The White House’s goal is to deploy more Western cell phone networks in India to […]

In January, the NASDAQ Composite stock index, which consists of shares of high-tech companies, rose by 11%, which was the best dynamics for this period since 2001. Then at the peak of the high-tech boom of the late 1990s-early 2000s Nasdaq grew by 12.2% in January, writes “Kommersant”. Analysts believe the reason for such positive […]