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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Goldman Sachs bank improved the outlook for the Chinese economy for this year and next. Study: The global mergers and acquisitions market is slowly recovering, it increased by a tenth this year. Prague company of the year is switchboard manufacturer Conteg, goldsmith Polová is a sole proprietor. The Nobel Prize in Economics was awarded to scientists for their research into the influence of institutions on prosperity. The growth of the Chinese economy slowed to 4.6 percent in the quarter, but exceeded estimates. Study: Thanks to production at Třinecké železárny, the state earned CZK 54 billion in 14 years. Inflation in Turkey fell below 50 percent in September for the first time in more than a year. SB: The growth of the Chinese economy will continue to slow down next year. Experts: The Czech economy needs cheaper energy, but it will not get it soon. SAO: The contribution of money to increasing employment of the disadvantaged cannot be evaluated. WTO improved this year's estimate of growth in world trade in goods to 2.7 percent. Analysts: CNB will decide between reducing rates and maintaining their stability. A chip development center began operating in Brno in cooperation with Taiwan. Industry and foreign trade in the Czech Republic improved in September, construction weakened. Analysts expect an acceleration of year-on-year inflation in September due to the comparative base. CNB: Czech household debts rose to 2.34 trillion crowns in September. The Nobel Prizes in Science will be awarded on Monday, APA has 22 favorites. Industrial prices slowed down year-on-year growth in September, while agriculture moderated the decline. Survey: 56 percent of small entrepreneurs considered closing their businesses.

Stock exchanges: Economist: Gold investors have made around ten percent in real terms since Covid. The price of gold has exceeded $2,700 per troy ounce for the first time. Silver has climbed to a 12-year high, and gold is also breaking records. Mining giant Rio Tinto is negotiating the takeover of lithium miner Arcadium. The Czech National Bank bought almost five tons of gold in the third quarter, holding 46.41 tons.

Finance: The new head of HSBC is changing the corporate structure, and the CFO will be a woman for the first time. Index: The average Czech investor in funds earned 8.65 percent this year. Hypomonitor: The volume of mortgages in September fell by CZK 8.1 billion to CZK 24.2 billion. PPF Group's net profit fell by 10.6 percent to CZK 16 billion in the first half of the year. Survey: Two-thirds of the Czech population does not know what a long-term investment product is. Boeing needs up to USD 35 billion, is struggling with production problems and strikes. Bank identity launched electronic signing without registration. Survey: Czechs prefer real estate investments, followed by savings accounts. Morgan Stanley bank increased quarterly profit by a third to USD 3.2 billion. Study: Fintech companies' revenues increased last year, but market valuations fell. South Korea's central bank cut interest for the first time in more than four years. Buffett's investment firm continued to sell shares, holds record cash. Quarterly profit of Bank of America and Citigroup fell, Goldman Sachs earned more. CNB fined Fio bank for violating the law against money laundering. Survey: The share of Czechs who save over CZK 5,000 per month has risen to 27 percent. The world's longest-serving central bank chief may get another term. Pressure is growing at the ECB to further cut interest rates, with Slovak governor Kažimír opposed. Swiss bank UBS returned to profit in the third quarter, beating estimates. The European Central Bank will likely cut rates in October, the French governor said. The ECB has cut interest rates by a quarter of a percentage point, with the deposit rate at 3.25 percent. The Russian central bank has raised its base interest rate to a record 21 percent.