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Nissan Secures $1.44 billion Green Loan

Japan’s Nissan has agreed to a 200 billion yen ($1.44 billion) green loan to finance investments in zero-emission mobility, as announced by the automaker behemoth on Wednesday.

According to a statement, the syndicated loan was arranged by Mizuho Bank and MUFG Bank with terms of five and seven years. Nissan states that the money will be used for research & development on zero-emission vehicles, electric vehicle parts, and other carbon-neutral projects.

MACROECONOMIC DATA ANALYSIS

Russia is willing to ease restrictions on transactions by so-called ‘hostile non-residents’ in exchange for the unfreezing of Russian assets abroad, according to the country's central bank on Tuesday. Following Western sanctions over Moscow's actions in Ukraine, Russia implemented capital controls which prevented foreign investors from unfriendly states, including those that have imposed sanctions, from selling securities issued by Russian issuers.

A survey released on Wednesday revealed that the price of fresh food in British stores increased in November at the fastest annual rate since records have been kept, dealing yet another blow to households already struggling with the cost-of-living crisis. Fresh food costs this month are 14.3% higher than they were a year ago, according to the British Retail Consortium (BRC). According to the report, the price of other food items increased at the fastest rate ever in November, rising to 12.4% from 11.6% the previous month.

CURRENCIES

The U.S. dollar was down on Wednesday morning with expectations of slower interest rate hikes by the Fed, while majority of Asian currencies edged up as markets awaited more monetary policy cues from Federal Reserve Chair Jerome Powell, though weak economic data from China and ambiguity surrounding the nation's COVID policy dampened sentiment.

The Dollar Index, which measures the value of the U.S. dollar against a basket of six other currencies, fell 0.09% to 106.675.

GOLD

Gold prices increased marginally on Wednesday’s early hours, thanks to a decline in the value of the dollar greenback. Investors were mainly watching Federal Reserve Chair Jerome Powell's speech for clues about the direction the U.S. central bank will take its monetary policy. Gold futures increased by 0.21% to $1,752 per ounce.

OIL

Oil prices saw gains of more than 1% in Asian trade on Wednesday morning due to declining U.S. crude inventories and a weaker dollar. Yet, gains were constrained by worries that OPEC+ will maintain output at its upcoming meeting and weak China data. Brent crude futures climbed by 0.76% to $84.88 a barrel, while West Texas Intermediate crude rose by 0.77% to $78.81 a barrel.

INDICES

USA: S&P500 -0.16%, Dow Jones Industrial Average +0.01%, Nasdaq Composite -0.73%

Europe: FTSE 100 +0.51%, DAX -0.19%, CAC 40 +0.06%

Asia: Nikkei 225 -0.21%, Hang Seng +0.38%, CSI 300 -0.27%, Nifty 50 +0.15%

Newest

Morgan Stanley Fines Employees For Messaging Breaches

Morgan Stanley has fined employees who use messaging apps like WhatsApp and others for work-related communications, the Financial Times reported on Thursday. The fines, which ranged from a few thousand dollars to over $1 million per employee, were established by taking into account various elements, including the quantity of messages sent, seniority, and whether or not they had previously been warned.

Twitter Ad Spending Falls 70% in December

Top advertisers cut their spending on Twitter by 71% in December as a result of Elon Musk’s recent takeover, according to data from an advertising research firm.

The latest Standard Media Index (SMI) data comes as Twitter works to reverse the advertiser exodus. It has launched a slew of initiatives to win back advertisers, including offering some free ads, lifting a ban on political advertising, and giving businesses more control over the placement of their ads.

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