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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: Study: In the Czech Republic, bankruptcies of companies and entrepreneurs increased in August. Indian company Adani faces accusations of manipulating the price of its companies' shares. The inflation rate in the US accelerated to 3.7 percent in August from 3.2 percent in July. Exports from China fell for the fourth consecutive month in August, trade slowdown persists. Moody's: Due to persistent high inflation, global economic growth will slow down. Survey: 60 percent of companies are skeptical about the development of the Czech economy. Analysts: Industrial production in the Czech Republic fell the most in July since last April. Michl rejects an early interest rate cut, expects low inflation next year. According to analysts, the decline in inflation slowed in August, they expect it to be over eight percent. Entrepreneurs appeal to the government to remove obstacles to strategic investments. According to analysts, the decline in agricultural prices should make food cheaper. Portuguese banker: ECB could reduce inflation to two percent earlier. CVVM: 57 percent of people perceive the economic situation in the Czech Republic as bad. Fuel prices in the Czech Republic continued to rise in the week, reaching multi-month highs. The average wage in the second quarter fell by 3.1 percent in real terms, reaching 43,193 CZK. Česmad: There are fewer orders for truck carriers, this may be a harbinger of a crisis. Inflation in Britain unexpectedly fell by a tenth of a point in August to 6.7 percent. Inflation in the eurozone in August remained at 5.3 percent, growth was expected to moderate. Analysts: Higher costs are behind the decline in construction output, it is not worth building. Unemployment in the Czech Republic has risen to 3.6 percent, economic stagnation is not reflected in it. Orders from German industry have fallen, German exporters are now pessimistic. Study: Older people have money, yet traders ignore it.

Stock exchanges: FT: Uranium prices are at their highest in 12 years thanks to governments' interest in nuclear energy. Oil prices are falling ahead of the US central bank's decision. Reuters: The G7 group is preparing to announce an embargo on the import of Russian diamonds. Bloomberg: Prices of one of the most popular diamond sizes are falling sharply.

Finance: Study: Non-cash transactions will increase by 17 percent worldwide this year to 1.3 trillion. WSJ: Visa and Mastercard are preparing to increase fees for traders. Economist and former member of the Czech National Bank's board Kamil Janáček has died. Analysis: Only one percent of Czechs have financial assets over five million crowns. Britain has suspended interest rate increases, the base rate remains at 5.25 percent. FT: The Norwegian sovereign wealth fund has become the largest shareholder of the Swiss bank UBS. The Turkish central bank has increased the base rate to 30 percent due to inflation. CNB: Banks' net profit in the first half of the year increased by 1.1 billion to 55.7 billion CZK. The CNB warned against the activities of entities that imitate the names of other companies. Association: The number of payment cards in the Czech Republic increased by 750,000 this year to 14.75 million. Swiss bank UBS had a record profit thanks to the takeover of Credit Suisse. Survey: Czechs need to have 1.46 million CZK saved for retirement for peace of mind. The Russian central bank has increased the base rate to 13 percent due to inflation. Comparator: Ten bond issuers are insolvent in a year and a half, or 1.7 percent. Bauer Media and Netrisk will own Srovnejto.cz, Klik.cz and ePojisteni.cz in the Czech Republic. Hypoindex: The average mortgage rate fell to 6.1 percent at the beginning of September. Survey: A quarter of people in the Czech Republic have experienced a store stopping accepting cards. J&T Bank's net profit rose by two billion to 3.1 billion crowns in the first half of the year. DPA: The Russian economy is growing, but the impacts of the war in Ukraine are becoming increasingly noticeable.