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#Bucharest#stocks closed once again lower with the benchmark BET index plunging 2%. Medlife, the largest private #healthcare provider in #Romania, led blue-chip decliners, shrinking by 4.44%.
#Romania saw the biggest increase (2.8%) in
#construction works in the #EU in September m-o-m, High #interestrates and continued #lending helped Romania's #banking sector generate a RON11.5 billion record high net #profit in January-September 2024,
#US#tech giant #Amazon to close its Machine Learning department in Romania
👉Read more #Romanian #market news at:
https://t.co/DQs41H6vdL
#Romanians are being called to the polls to elect the future #president, for a mandate of five years on Sunday (Nov. 24, 2024) and on 8 Dec. 2024 if no candidate receives an absolute majority of the vote and all the members of Parliament (MPs and senators) on Dec. 1, 2024.
For the first time since 2004, the two elections will be held in the same year.
Fourteen people are in the running to replace Klaus Iohannis, who has been President since first elected in 2014. The outgoing head of State, who is completing his 2nd term in office, is not eligible for another candidacy, as the Romanian Constitution allows a President to be re-elected only once
👉Read more at:
https://t.co/hQZ7h7p4Zq
#ASX closed higher on Friday, #Chinese#stocks plunged, the Confederation of #Agriculture and #Livestock of #Brazil (CNA) projects a 1.9% decline in the sector’s Gross Production Value (GPV) for 2024,
The #Nigerian National #Petroleum Corporation Limited (NNPCL) has introduced its latest #crudeoil grade, the Utapate crude oil blend, to the international market.
👉Read more #WorldMarkets news at:
https://t.co/cFJElQFBA3
#voting for #Romania's #presidentialelections began abroad, with the first polling station being opened on Friday (Nov. 22) in #NewZealand,
#Romania’s major #banks should sustain healthy
#asset quality and solid #profitability as the improved operating environment remains favourable for
#business generation, #FitchRatings said
👉Read more #Romanian #market news at:
https://t.co/Jx453rqMt1
#Gold rallied on Friday (Nov. 22) on safe-haven demand and was on track for its biggest weekly gain in over a year amid #geopolitical risks.
👉Read more at:
https://t.co/q8gNkDpw0l
A total of 4,392 new #companies with foreign #capital were established in Romania in January-September 2024, down 16.22% compared to the same period in 2023.
Read more #Romanian#market news at:
https://t.co/i8ZODV5geS
New ad has been added at https://t.co/rqB6x4ITZx
For sale in Evros, Greece: Two storey house 134.85m2 and and commercial space 104sqm
Price:12.500 euro
Read more at:
https://t.co/hPjA6fXGoX
#Investors sent #US#megacap#tech#stocks and other #assets tumbling on #growth concerns on Friday.
Significant weakness was also visible among #gold stocks, which moved lower along with the price of the
#preciousmetal, dragging the #NYSE Arca Gold Bugs Index down by 2.7%
#Banking stocks also saw considerable weakness on the day, resulting in a 2.6% slump by the KBW Bank Index.
#GoldmanSachs has cut its predictions for #copper prices in 2025 to $10,100 per ton, down from the earlier projection of $12,000 by late 2024.
#Aluminum prices also saw a revision, now set at $2,540 per ton next year from $2,850, reflecting wider
#economic challenges.
S&P expects #GulfCooperationCouncil #banks to sustain strong performance throughout 2024, absent any unexpected #shock.
In H1 2024, the institutions have benefited from increasing #lending volumes, higher #fee income, stable margins, and strong cost efficiency.
However, the GCC banks remain exposed to
#geopolitical risks, potentially slower #economic
#growth because of #oil market dynamics and the potential unwinding of imbalances in #realestate, the credit rating agency noted.