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China’s exports set a record against energy shortages

China’s export growth accelerated in September, despite a nationwide shortage of electrical power that led to factory closures, increasing against expectations for a slowdown. According to the data released by the General Administration of Customs on Wednesday, exports increased by 28.1 percent in dollar terms in September compared to the same month of the previous …

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A $54 trillion industry in China is on edge

The CCDI, one of the most powerful institutions of the Communist Party of China, opened one of the most critical fronts in Xi’s intense offensive since he took office: the trillions-dollar financial industry audit. under. Inspectors of the Disciplinary Control Center Commission (CCDI) in China knocked on the doors of institutions that constitute the cornerstones …

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Year-end inflation forecast in Russia raised to 7.4 percent

The Russian Ministry of Economic Development raised its year-end inflation forecast for the country to 7.4 from 5.8 percent. Russian Economic Development Minister Maksim Reshetnikov made evaluations about the Russian economy in a statement to journalists in the capital Moscow. Pointing out that there have been important developments especially in the world and Russian food …

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Britain failed to reach pre-epidemic levels despite growth

While the UK grew by 0.4 percent in August compared to the previous month, it recorded a quarterly growth of 2.9 percent. The median expectation of 32 economists surveyed by Bloomberg was 0.5 percent monthly growth. While industrial production in the UK increased by 3.7 percent year-on-year in August, exceeding the expectation of 3.3 percent, …

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BIST company buys containers from China

Qua Granite stated that a contract was signed for the purchase of containers from China. According to the statement made by the company to the Public Disclosure Platform, with regard to international logistics activities, in order to eliminate the problems of finding containers in international transportation, to protect price competition, to make healthier planning, to …

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The public offering frenzy does not slow down

International auditing and consulting company EY (Ernst & Young) has announced the third quarter results of its Global Public Offering Trends 2021 Report. According to the report; In the third quarter of 2021, the number of public offering transactions increased by 18 percent from the record level in the third quarter of 2007, while the …

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Biggest drop in European industrial production in 16 months

Euro zone industrial production fell 1.6 percent in August compared to the previous month. The median expectation of economists surveyed by Bloomberg was for a 1.7 percent decline. Production of capital goods decreased by 3.9 percent in August compared to the previous month, while production of durable goods decreased by 3.4 percent. Intermediate goods production …

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China launches inspection for regulators, public banks

For the first time in six years, Chinese authorities have launched an inspection of the country’s financial regulators, major state-owned banks, insurance companies and bad debt managers, in an effort to crack down on corruption in the $54 trillion financial system. A team led by the Central Commission for Discipline Inspection will initiate a two-month …

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Operating license tariff for financial institutions has been determined

Financial institutions within the scope of the Communiqué regarding the decision no. 32 on the protection of the Turkish currency value will pay a fee ranging from 6 million TL to 2 million TL, depending on the region of operation, to the Ministry of Treasury and Finance for the activity and branch operating permit. According …

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The century-old bank goes fully digital

While traditional banking occupies a very large and important position in the world, especially those involved in the race with technological innovations and current banking regulations support change in banks. Siam Commercial Bank, Thailand’s third largest bank in terms of assets, whose history dates back to the early 1900s, announced that it has completely stopped …