https://www.facebook.com/103536569338017/

NewsOx

The most important things about finance, investment, business and technology.

19/02/2023

BRUSSELS (Reuters) -Hungary must bolster the independence of its judiciary "very soon" to stand a realistic chance of getting any of the 15.4 billion euros envisaged for Budapest from the European Union's COVID recovery stimulus, a senior EU official said.

Hungary can receive some 5.8 billion euros ($6.20 billion) in free grants and a further 9.6 billion euros in cheap loans from the EU, but the bloc has suspended any payments until Budapest implements reforms to improve judicial independence and tackle corruption.

19/02/2023

BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban said on Saturday that Europe was "indirectly at war with Russia" as several European countries pledge to send battle tanks to help Ukraine fight Moscow's invasion.

Nationalist Orban, who was reelected in 2022 for a fourth consecutive term, reiterated that being a NATO member was "vital" for Hungary, but said his government would not send arms to Ukraine or sever its economic relations with Moscow

18/02/2023

African countries are getting a raw deal from the international financial system which charges them "extortionate" interest rates, the U.N. chief said on Saturday, as he announced $250 million in crisis funding, including for famine risk on the continent.
The United Nations Secretary-General Antonio Guterres wants far-reaching reforms to the structure of international finance to serve the needs of developing countries more efficiently, he told the opening ceremony of the annual African Union summit in Ethiopia.

18/02/2023

Hungary must bolster the independence of its judiciary "very soon" to stand a realistic chance of getting any of the 15.4 billion euros envisaged for Budapest from the European Union's COVID recovery stimulus, said a top official in the bloc.
Hungary can get some 5.8 billion euros ($6.20 billion) in free grants and another 9.6 billion euros in cheap loans from the EU but the bloc has suspended any payments until Budapest implements reforms to improve judicial independence and tackle corruption.

17/02/2023

The S&P 500 posted 9 new highs and 1 new lows; the Nasdaq recorded 90 new highs and 58 new lows.

Volume on U.S. exchanges was relatively light, with 11.0 billion shares traded, compared to an average of 11.7 billion shares over the previous 20 sessions.

17/02/2023

Shopify (NYSE:SHOP) Inc sank almost 16% after the Canadian e-commerce company forecast slowing revenue growth for the current quarter despite price hikes and new product launches.

Across the U.S. stock market, declining stocks outnumbered rising ones by a 2.5-to-one ratio.

16/02/2023

And when you consider how strong the job market is, the expectation is that the Fed may raise rates a few more times and then get to a point when it does not need to raise anymore, but there's no reason for it to cut (later this year)."

After a massive selloff in 2022, the main stock indexes have climbed this year on the back of upbeat earnings and expectations the U.S. central bank will switch to smaller rate hikes.

16/02/2023

A Labor Department report showed the highest rise in producer prices in seven months in January as the cost of energy products surged.

It also showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence that the labor market remains tight.

"The PPI was up almost twice the forecast and that is clearly a negative for the market overall," said David Russell, vice president of Market Intelligence at TradeStation.

Address

52 Gloucester Road, Clashbane
Limerick
IV252RJ

Website

facebook.com

Alerts

Be the first to know and let us send you an email when NewsOx posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.