Broadbent, deputy governor of the Bank of England: The pattern of price increases in the past few years is not consistent with the inflation pattern driven by money supply.

Bank of England Deputy Governor Broadbent: Ignoring monetary aggregates is obviously wrong.

Bank of England Deputy Governor Broadbent: Money supply can be a useful indicator.

Bank of England Deputy Governor Broadbent disagreed with concerns over inflation triggered by quantitative easing.

Samsung SDI and General Motors agreed to invest more than $3 billion in U.S. factories.

Samsung SDI and General Motors agreed to form a joint venture to build a battery factory in the United States.

UBS CEO Ermotti: There is no immediate need for layoffs.

UAE Minister of Economy: Some UAE government entities will be exempted from corporate tax.

UAE Minister of Economy: The UAE will provide more details on corporate tax in the coming months.

UBS CFO: The new funds come from new clients and clients of Credit Suisse.

UBS CEO Ermotti said he did not think the Credit Suisse deal would face regulatory hurdles.

Spot palladium fell below $1,500 an ounce, an intraday drop of 2.69%.

UN Humanitarian Affairs: We have had to reduce our presence in areas of Sudan affected by heavy fighting.

South African International Relations Spokesperson: Two buses are evacuating South African citizens from Sudan and have now arrived at the Egyptian border.

EU countries ratified the EU agreement that will increase the carbon market linear reduction factor to 4.3% from 2024-2027 and 4.4% from 2028-2030.

EU countries ratified the EU agreement to include shipping in the carbon market, covering 40% of shipping emissions from 2024 and 100% from 2026.

EU countries ratify EU reached agreement to phase out free CO2 allowances for industry from 2026 to 2034.

EU countries ratify EU agreement to launch a second carbon market in 2027 for emissions from fuels used in buildings and transport.

Spot palladium fell 2.00% on the day and is now at $1509.66 an ounce.