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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: Slovak inflation slowed to 8.2 percent in September, the lowest since last year. Zamrazilová: Monetary policy was weaker than central banks would have liked. Inflation in Britain remained at 6.7 percent in September, a slight decline was expected. Analysts say the decline in agricultural prices should make food cheaper. Bloomberg: CEO departures from US companies are at a record high this year. Michl: Czech National Bank keeps all options open for monetary policy talks in November. China's gross domestic product rose by 4.9 percent year-on-year in the third quarter. Study: Excise tax on sugary drinks will bring in billions and reduce obesity. Michl rejects early interest rate cuts, expects low inflation next year. Unemployment in the Czech Republic remained at 3.6 percent in September, the weak economy is not showing. TPA: The number of mergers and acquisitions in the Czech Republic and their volume in the 3rd quarter increased year-on-year. Economist: The global economy has shifted from liberalism to greater state intervention. Analysts: Czechs' concerns about the economic situation are behind the decline in retail sales. The inflation rate in the eurozone fell to 4.3 percent in September, a more moderate decline was expected. Inflation in September was 6.9 percent, the decline exceeded the expectations of analysts and the Czech National Bank. The Liberec Region's company of the year is the synthetic crystal manufacturer Crytur. The German central bank expects the economy to decline this quarter.

Stock exchanges: Analyst: Commodity prices on the markets have been falling this year, the index is down 4.5 percent. China will limit exports of graphite, an important raw material for batteries, from December. The price of gas for the European market continues to rise, climbing to 50 euros per MWh. FT: Wheat prices fall as Russia replaces Ukrainian supplies. FT: Can Europe be green without important minerals from China?. The second largest American producer of synthetic diamonds has gone bankrupt. Oil prices are falling before the US central bank's decision. The price of gas in Europe has reached its highest level since February, rising by 45 percent in a week.

Finance: IIF: Global debt rose to a record $307 trillion in the quarter. Reuters: China's Country Garden has not paid its debt repayment, creditors want to negotiate. Partners Bank plans to start operations for the public in March 2024. Křetínský: EU is losing competitiveness against the US due to climate policy. Italian banking group UniCredit increased its profit by 36 percent in the third quarter. IMF: In the event of an economic downturn, about five percent of banks may have problems. Economist and former member of the Czech National Bank Board Kamil Janáček has died. Deutsche Bank's net profit in the third quarter fell by eight percent due to taxes. Czech National Bank: Banks' net profit in the first half rose by 1.1 billion to 55.7 billion CZK. Bank of America increased its quarterly profit by a tenth, but Goldman Sachs' profit fell. Hungary's central bank surprisingly reduced its base interest rate to 12.25 percent. Roubini: The Eurozone and Britain must raise rates further due to the risk of stagflation. PPF Group had a net profit of 17.4 billion CZK in the first half, compared to last year's loss of 9.8 billion. Bauer Media and Netrisk will own Srovnejto.cz, Klik.cz and ePojisteni.cz in the Czech Republic. Study: Artificial intelligence could revolutionize healthcare in the future. Index: Czechs' debt is the tenth lowest in the EU, 46 percent of people in the Czech Republic have a loan. Index: The average Czech investor in funds earned 5.1 percent by the end of September. Court of Auditors: Errors in EU budget spending increased significantly in 2022. IBM bought the Czech-American software company Manta. Study: Developers pay for projects most often with loans in addition to their own capital.