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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: The decline in Japanese exports slowed significantly in September. Survey: Half of smaller companies will have to cut costs. Analysts: Industry was unpleasantly surprised, September should be better. EBRD expects a more significant economic decline in the countries where it operates. According to institutes, the recovery of the German economy is slowing. Year-on-year inflation fell to 3.2 percent in September, and it will probably fall further. Reuters: Interest in special EU bonds is at a record high. China's economic growth accelerated to 4.9 percent in the third quarter. Bloomberg: The virus has dragged a record number of large companies into losses in the US. Epiq: The number of corporate bankruptcies in the US has increased by a third so far this year. Proposal: Part of the future EU money for employment will be spent on transport. South Korea's economy returned to growth in the third quarter. BR Group's operations are complicated by Covid-19, but production is being ensured. Deloitte in the Czech Republic withdrew a study on the impact of global warming on the economy. Switzerland improved its outlook for this year's economic development. The decline in the US economy was milder in the quarter than expected. Economists: Thanks to the new Nobel Prize laureates, auctions are common. The Chinese encouraged the domestic economy during the holiday week.

Stock markets: The company Polyus has the largest gold deposit in the world in Siberia. The US is imposing tariffs on aluminum sheets from 18 countries.

Finance: Spanish central bank: strict quarantine will worsen the expected crisis. The largest Saudi Arabian bank will strengthen its position by taking over a competitor. The Bundesbank has called on German banks to prepare for a wave of insolvencies. According to Rusnok, the financial market has made great progress since the 1990s. Housing loans increased by 30 percent year-on-year in August to CZK 17 billion. The G20 group extended the deferral of repayments for poor countries. Association: Banks ready to help clients affected by the pandemic. The Czech National Bank revoked the license of the Prague currency exchange office Changer. Hypoindex: The average mortgage rate fell for the sixth time in a row in September. EY: 7,500 jobs in the financial sector left Britain due to Brexit. A company from the Bohemia Energy group buys the supplier Energie ČS. The Fed extended the restriction on dividend payments and share buybacks for banks. S&P surprisingly improved the outlook for Italy's credit rating. IMF: Africa needs USD 1.2 trillion to overcome the impacts of Covid. JP Morgan increased its profit, while rival Citigroup earned less. The ECB is considering changing its current policy due to coronavirus. Association: Interest in deferring payments is declining, Czechs are starting to pay off loans. World central banks are preparing their own digital currencies. Morgan Stanley bank has significantly increased its profit thanks to trading. KPMG: Household finances are starting to feel the cooling of the economy. Central banks are appealing to governments to continue pumping money. Banks have confirmed to the Ministry of Finance their readiness to deal with deferring payments individually. Bubenik Partners: Changes in company management take into account current developments. American bank Citigroup must pay a fine of $400 million. Analyst: The price of gold will be 2.5 times higher by the end of the decade.