BREAKING:

*JAPAN INTERVENES TO SUPPORT YEN FOR THE FIRST TIME SINCE 1998

(didn't they say a while ago they couldn't/wouldn't ?)

GB News @GBNEWS
18m
The Bank of England has said it now expects a 0.1% fall in GDP over the current quarter, indicating that the country is already in a recession.

Stocks close lower, major averages on track for weekly losses

All the major averages finished Thursday’s post-Fed trading session lower, with all the major averages on track to finish the week with losses.

The S&P 500 dropped 0.84% to 3,757.99, while the Nasdaq Composite tumbled 1.37% to 11,066.81. The Dow Jones Industrial Average closed 107.10 points lower, or 0.35%, at 30,076.68

FXStreet News @FXStreetNews
7m
German DAX bear market to drag on for several more months – Commerzbank

After joining Biden to condemn Saudi Arabia, their business has significantly dropped. Now Scholz will be crawling back to MBS this weekend, asking for Oil and Gas and business...........MBS will be
As the Saudis buy huge quantities of Oil from Russia, maybe Scholz can buy that to use it for the three Russian refineries they bluntly seized back home. Those refineries can only use Russian oil.

What a clown show those wannabe leaders put on every day.

Oh, I heard, China will now be their "friend" too, for a while. "Europe wants China to be their new Russia"...Huh!...I'm sure the Chinese would not want that. But of course they will do business. Chinese are business driven.

Open Outcrier @OpenOutcrier
10m
Euro zone likely entering recession as price rises hit demand -PMI

https://www.reuters.com/markets/europe/ ... 022-09-23/

Ogee wrote: Fri Sep 23, 2022 10:20 pm Open Outcrier @OpenOutcrier
10m
Euro zone likely entering recession as price rises hit demand -PMI

https://www.reuters.com/markets/europe/ ... 022-09-23/

There have been talks that BASF , the largest chemical manufacturer on this planet with a huge plant and headquarters in Germany (54,000 employees) might have to close their doors as they heavily depend on Russian gas. They consume more gas than Switzerland. If so, Germany's economy is done. By they way, BASF set up a new and by far the biggest manufacturing plant in South China. The Chinese will be happy.

RplusT wrote: Fri Sep 23, 2022 10:57 pm There have been talks that BASF , the largest chemical manufacturer on this planet with a huge pant and headquarters in Germany (54,000 employees) might have to close their doors as they heavily depend on Russian gas. They consume more gas than Switzerland. If so, Germany's economy is done. By they way, BASF set up a new and by far the biggest manufacturing plant in South China. The Chinese will be happy.

welcome to China
It's okay not to pay workers here

Banner: Chinese Communist Party Gives Back Our Money

honje19960321 wrote: Fri Sep 23, 2022 11:00 pm welcome to China
It's okay not to pay workers here

Banner: Chinese Communist Party Gives Back Our Money

....yeah, but I'm sure BASF does pay their workers.

Li Zhanshu: Russia and China will fight NATO expansion together.



Russia, China to fight together against NATO expansion — head of NPC
Li Zhanshu noted that the joint counteraction to American hegemony, harassment and the policy of force is an important direction in strategic interaction of both countries
MOSCOW, September 9. /TASS/. Russia and China will fight together against the expansion of the North Atlantic Treaty Organization and the "double containment" of Moscow and Beijing, Chairman of the Standing Committee of the National People's Congress of China (NPC) Li Zhanshu said at a meeting with the leaders of State Duma factions on Friday.

"They (NATO countries - TASS) hammer together narrow-bloc structures as well as implement Indo-Pacific strategy precisely in order to contain our development through two oceans - the Pacific Ocean and the Indian Ocean. From this standpoint, the pertinence of bolstering our strategic interaction will only grow and we will battle together their hegemony and the policy of force," he noted.

The official noted that the joint counteraction to American hegemony, harassment and the policy of force is an important direction in strategic interaction of both countries. "We see how nowadays, the Americans view Russia and China as their strategic rivals in order to maintain its domination worldwide. And they implement the double containment against us. This is about unchecked NATO expansion eastward and profound meddling in the affairs of the Asia-Pacific region. As well as about their attempt to reduce our strategic space on the Eurasian continent," he added.

Li Zhanshu stressed that China and Russia "are in the forefront of shaping a new type of transnational relations considering that the more complicated the external situation is, the more pertinent it is for us to boost strategic support and interaction."