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Mandy Op.

Mandy Op.

NSD introduces a marketing period for tax procedures for US securities - Frank RG

NSD introduces a marketing period for tax procedures for US securities - Frank RG

NSD will not charge fees for processing tax disclosure services for payments of income on foreign securities subject to U.S. tax code regulation from November 1, 2022 to January 7, 2023. Also, the period during which no fees will be charged for acceptance for safekeeping and removal from safekeeping

Alibaba reported six months of fiscal year 2023

Alibaba reported six months of fiscal year 2023

Earnings per share were $1.82, compared to expectations of $1.65. Revenue was worse than expected: $29.12 billion, compared to the forecast of $29.61 billion. Revenue from cloud computing also fell short of expectations: ¥20.76 billion, compared with a forecast of ¥21.11 billion. The company

U.S. economy is too strong: Retail sales rose 1.3% month-over-month in October

U.S. economy is too strong: Retail sales rose 1.3% month-over-month in October

Last month was better than forecasts. Retail sales were flat in September. But already in October they were 0.3% better than the seasonally adjusted forecast. But this is a negative for the markets. In anticipation of the holiday season, Americans are already starting to buy more goods. Sales are

The U.S. stock market will rise today. Producer inflation slows rapidly

The U.S. stock market will rise today. Producer inflation slows rapidly

The annual core U.S. producer price index fell to 6.7% in October after 7.2% a month earlier. Forecasts were far from so optimistic. Analysts had expected the index to hold steady. After last week's CPI data, optimism returned to the US market. Today's

U.S. Secretary of State Blinken to Visit China After Biden and Xi Meet - White House

U.S. Secretary of State Blinken to Visit China After Biden and Xi Meet - White House

Tensions over the Taiwan issue as well as the trade standoff between the PRC and the U.S. will rise as China's restrictions are lifted. Now U.S. policymakers will do their best to curb China's further moves. But they are unlikely to succeed. At least

The Central Bank discusses the illegality of holding Meta shares

The Central Bank discusses the illegality of holding Meta shares

Deputy Chairman of the Central Bank Chistyukhin said. "It seems to me that criminal risks may threaten after the legal status of paper holders will be clarified. We first need to decide on step number one - whether we will consider Meta* shares to be exactly extremist investments. If

Oil is down 1.5% today, although there are no clear reasons

Oil is down 1.5% today, although there are no clear reasons

Brent is approaching $93 again. It is unlikely to be a trend reversal, as several factors speak for continued growth: the possible conflict between Saudi Arabia and Iran, the embargo on Russian oil supplies and the opening of China. The domestic stock market needs high oil prices today, as the

Clothing brands Zara and Bershka will no longer sell their items in Russia, - "Izvestia" with reference to Inditex

Clothing brands Zara and Bershka will no longer sell their items in Russia, - "Izvestia" with reference to Inditex

Earlier it was reported that Daher will sell its products, but under its own brand. However, Inditex said: "Daher Group will do business in Russia under its own brands and with its own collections, having nothing to do with Inditex".

According to De Gindos of the ECB further rate hikes are necessary

According to De Gindos of the ECB further rate hikes are necessary

According to him, Europe's central bank will definitely start to reduce the balance sheet as early as 2023. Eurozone retail sales (m/m) for September increased by 0.4%, in line with the forecast. Last time the indicator was losing 0.3%. On an annualized basis, the figure

Renault's electric car business is worth $10 billion

Renault's electric car business is worth $10 billion

Renault expects its electric car business to be valued at €10 billion in an IPO on the Euronext Paris exchange next year. The business will be spun off into a separate company, Ampere, and the one related to combustion engines into Horse. Interestingly, the market capitalization of Renault itself currently