US Crude Oil Inputs Climb by 330,000 as Inventories Surge
(EIA) The US reported an average of 15.7 million barrels per day of crude oil refinery inputs in the week that ended October 1, up 330,000 bpd from the previous…
Soros Fund CFO Believes Bitcoin is More than a Store of Value. Reveals BTC Holdings
(Cryptopotato) Soros Fund Management CFO Dawn Fitzpatrick now sees cryptocurrencies as technology and booming industry beyond just an asset class or inflation hedge. Fitzpatrick, who revealed that Soros Fund owns…
US Private Sector Adds 568,000 Jobs in September
(ADP) Total private sector employment in the US gained by 568,000 from August to September, underlining labor market recoveries constrained by the challenges of hiring. Large businesses added the most…
UK Construction Sector Slows as Sub-Contractor Fees Hit a Record High
(IHS Markit) The UK Construction sector output expanded the slowest in eight months as subcontractors’ charges rose the sharpest in 23 years due to supply and demand imbalance. Construction business…
Europe’s Auto Sector’s 15-Month Output Run Comes to an End in September
(IHS Markit) The output in the European automobiles and auto parts segment dropped steeply in September for the first time since May last year amid a sharp rise in work…
Retail Trade Sales Gain 0.3% In the Euro Area and EU in August
(Eurostat) Retail trade sales surged by 0.3% in the euro area and EU in August from July. The retail sales remained unchanged in the euro area and increased in the…
Tesco Revises Full-Year Guidance After a 163.5% Jump in H1 EPS
(Tesco Plc.) Tesco’s diluted EPS rose by 163.5% to 10.7 pounds in the first half-year of 2021/2022, from 4.06 pounds reported in the same period last year. The company announced…
Germany’s Factory Orders Fall by a Worse Than Feared 7.7% in August
(Destatis) Germany’s factory orders were down by 7.7% in August, more than the forecasted decline of 2.1%. The decline reflected persistent delivery bottlenecks. The factory orders were still higher than…
JP Morgan’s Output Index Rise to 53.0 in Sept. Signalizing Further Global Growth
(IHS Markit) JP Morgan Global Composite Output Index was 53.0 in September, an increase from a seven-month low of 52.5 in August. The index signals global growth for the fifteenth…
US Bank Launch Crypto Custody Service Amid Growing Client Interest
(Cryptopotato) US Bank has announced that it will launch crypto custody services for institutional fund managers as client interest in cryptocurrencies rise. The fifth-largest US retail bank partnered with the…
International Report Meaning Across The Globe And Business Graph
Global Growth to Average Below July’s 6% Forecast in 2021 – IMF
(Reuters) The International Monetary Fund now expects global economic growth in 2021 to slightly miss its July forecast of 6% as inflation and uneven Covid-19 recovery bites. IMF chief Kristalina…
U.S. Service Sector Expands at a Slower Pace as Work Backlogs Surge
(IHS Markit) The U.S. service sector expansion slowed to a PMI of 54.9 in September, a drop compared to 55.1 in August. Fig: U.S. Service PMI Business Activity Index September…
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