British banks claim slower business investment
The leaders of large UK banks told Reuters about the weakening activity of corporate clients in recent months amid statements by two candidates for the post of British Prime Minister about the readiness to hold Brexit without a deal. Commercial ...
China's economy grew by 6.2% in the second quarter
The Chinese economy in the second quarter, according to the National Bureau of Statistics, showed the slowest growth rates since the nineties due to the ongoing trade dispute with the United States. China's GDP grew by 6.2%, slowing down from ...
AB InBev Asia delays pricing the largest IPO
Investors linked the postponement of the initial public offering of shares of the Asian business AB InBev with a high price, although the company's explanations boiled down to poor market conditions. AB InBev, the world's largest brewing company, ...
PSA Group reduced sales by 12.8% in the first half
French carmaker PSA Group, the second-largest car manufacturer in Europe after Volkswagen, published a report, according to which, following the results of the first half of this year, 1.903 million cars were sold. Relative to the same period ...
Citigroup increased quarterly profit by 7%
Citigroup, one of the largest US banks, reported net profit growth of 7% in the second quarter compared to the same period last year to $4.799 billion. The bank recorded adjusted earnings of $1.94 per share, while experts had predicted $1.81 ...
Singapore's economy fell 3.4% in the second quarter
The Ministry of Trade and Industry of Singapore reported the strongest fall in GDP since the third quarter of 2012. In the second quarter, Singapore’s economy contracted by 3.4% compared with the first three months of this year. In the ...
US producer prices rose 0.1% in June
In June of this year, the weakest annual increase in producer prices in nearly 2.5 years was recorded in the USA. According to the US Department of Labor, the June price increase was at the level of 0.1%, as well as a month earlier, which confirmed ...
Facebook faces a $5 billion fine
Facebook may face a $5 billion fine, The Wall Street Journal reports. The US Federal Trade Commission has accused the company of leaking user data. An investigation has shown that in 2018, the British company Cambridge Analytica received data ...
Fitch downgraded Turkey to “BB-“
Fitch revised the rating of Turkey. It has been lowered from “BB” to “BB-“. The forecast is negative. The factors that influenced the decision were reported in the message. The main reasons for the downgrade were the ...
German inflation rate confirmed at 1.6% in June
In June, the German Statistical Office Destatis recorded inflation at 1.6% in the country. Regarding the May consumer price increase of 1.4%, annual inflation accelerated last month, confirming economists' forecasts. Prices in monthly terms ...
Delta Air Lines reported the results of the second quarter
The American airline Delta Air Lines has published a report on financial results for the second quarter of this year. Relative to the same period last year, its net profit jumped by 39%, reaching $1.44 billion at the end of the earnings period. ...