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Money

Ally/Warren Buffett: auto loan stake signals confidence in consumer credit

Financial Times | Aug 17, 2022 at 2:02 PM

…Wall Street is worried about the finances of the US consumer as well as a normalisation in the auto market….

Cineworld considers capital restructuring to save indebted chain

Financial Times | Aug 17, 2022 at 12:49 PM

…sheet” and not just “another smaller fix”. Earlier this year, Cineworld averted bank ruptcy for the second time in two years despite facing an almost $1bn…

NFL Franchise Houston Texans to Accept Cryptocurrencies for Single Game Suites

Bitcoin.com | Aug 17, 2022 at 12:00 PM

The professional American football team the Houston Texans revealed that it has entered an exclusive partnership with the company Bitwallet.

UK bond market flashes economic warning after hot inflation data

Financial Times | Aug 17, 2022 at 11:44 AM

…Short-term UK government bonds sold off sharply on Wednesday as blistering inflation data lifted expectations for Bank of England rate rises, sending a measure…

Ruble up against dollar, euro as foreign currency trading starts on MOEX

TASS Russian News Agency | Aug 17, 2022 at 9:47 AM

The ruble went up against the dollar and euro compared with previous closing as foreign currency trading started on Moscow Exchange on Wednesday.

Russian stocks up as main session begins on Wednesday

TASS Russian News Agency | Aug 17, 2022 at 9:42 AM

The Russian stock market went up at the beginning of the main session on Wednesday.

UK inflation rate rises to 40-year high of 10.1%

Financial Times | Aug 17, 2022 at 9:37 AM

…along with robust wage growth in the second quarter — would stiffen the Bank of England’s resolve, encouraging the central bank to raise interest rates…

ISW Russian Offensive Campaign Assessment, August 16

Kyiv Post | Aug 17, 2022 at 9:07 AM

Attacks on Russian positions in and around Crimea are likely part of a coherent Ukrainian counter-offensive to regain control of the west bank of the Dnipro River.

Are markets ignoring defaults?

Financial Times | Aug 17, 2022 at 7:30 AM

…of S&P 500 companies have negative real sales growth, according to Bank of America. That’s all to say: how much you believe this…

Taiwan tensions force multinationals to rethink China risk

Financial Times | Aug 17, 2022 at 7:02 AM

…he said. The head of Asia execution at a Wall Street investment bank said investors had been asking about strategies to hedge against Taiwan risk…

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