Financial news

03.06.2019 13:01:26

The Turkish economy slowed down to 2.6% in the first quarter

Turkey's GDP in the first quarter continued to decline, dropping in annual terms by 2.6%, the Turkish Statistical Institute reported. In the fourth quarter, the economy shrank by 3%. Economists had expected GDP to decline by 2.5% in the first ...
03.06.2019 12:01:35

Uber in the first quarter recorded a net loss of $1 billion

American company Uber, the creator of the mobile application of the same name for ordering a taxi and delivering food, recorded a net loss of $1.012 billion in the first quarter, while a year earlier it reported a net profit of $3.748 billion. ...
03.06.2019 12:01:35

Business activity in China’s industry declined in May

In May, the purchasing managers' index in the processing industry of the PRC, according to official statistics, was 49.4 points, down from 50.1 points in April. Economists had expected a less significant decrease in the index - to 49.9 points. ...
03.06.2019 12:01:35

US consumer confidence exceeded forecasts in May

In May, the consumer confidence index in the United States reached its highest level since September 2018 – 100 points compared to 97.2 points in the previous month. Such final data was provided by the University of Michigan. Forecasts ...
03.06.2019 12:01:35

Revenues and expenses of Americans rose in April above expectations

The US Department of Commerce reported a maximum since the beginning of the year growth in incomes of American citizens, which in April was at the level of 0.5% compared to the March increase of 0.1%. Analysts had predicted revenue growth of ...
03.06.2019 12:01:35

Canadian economy increased 0.5% in March, having exceede the forecast

The Canadian economy grew in March by 0.5% compared to February, statistics showed. Economists had expected GDP to grow by 0.4% after a February decline of 0.2%. In annual terms, the Canadian economy increased by 1.4% to 1.955 trillion Canadian ...
03.06.2019 11:01:46

Industrial production in Japan grew by 0.6% in April

In April, industrial production in Japan increased by 0.6% compared to March, when its decline was recorded at 0.6%, preliminary statistics showed. The April growth rate surpassed the forecasts of economists, who had expected an increase of ...
03.06.2019 11:01:46

UK consumer confidence improved in May

In May, consumer confidence in the UK economy, according to GfK, amounted to minus 10 points, rising from minus 13 points in April. The figure exceeded economists' forecasts, who had expected it to rise to minus 12 points. Last month, only ...
30.05.2019 11:01:19

The head of the European Commission rejected the possibility of revising the Brexit agreement

The European Union does not plan to hold new negotiations with the UK to conclude another agreement on Brexit. This was stated by the head of the European Commission, Jean-Claude Juncker, which denied messages in the media made by a number ...
30.05.2019 11:01:19

Business conditions in the UK services sector continued to deteriorate rapidly

Over the three months to May, the UK services sector has experienced further deterioration. A survey of service providers conducted by the Confederation of British Industry, showed a drop in the balance of business volumes by 19%, which is ...
30.05.2019 11:01:19

Bank of Canada expectedly kept interest rates unchanged

The Bank of Canada announced the decision taken at the meeting in May to leave interest rates unchanged. The overnight rate was kept at 1.75%. The Canadian regulator expects economic growth to accelerate in the second quarter. According to ...
30.05.2019 11:01:19

Capri Holdings predicted earnings in the current quarter below analysts' expectations

American fashion house Capri Holdings reported that, according to its estimates, profits in the current fiscal quarter would not reach economists' forecasts, since the company planned large investments after purchasing the Versace brand and ...
30.05.2019 11:01:19

US banks increased net profit by 8.7% in the first quarter

In the first quarter, US banks increased their cumulative net income by 8.7% year-on-year to $60.7 billion. These data are reported by the Federal Deposit Insurance Corporation. Of the 5,362 US financial institutions, statements of which were ...
30.05.2019 10:01:24

Sweden's economy grew by 0.6% in the first quarter

According to official statistics, the economy of Sweden in the first quarter increased by 0.6% compared to the fourth quarter, when economic growth was twice as high - at the level of 1.2%. At the same time, the growth rate was better than ...
30.05.2019 10:01:24

Unemployment in Germany rose in May to 5%

In Germany, in May, unemployment was recorded at the level of 5%, data from the country's Federal Employment Agency showed. Compared with the April level of 4.9%, the unemployment rate rose in May, while analysts assumed that it would remain ...
30.05.2019 10:01:24

Quarterly growth of the French economy is estimated at 0.3%

The final data from Insee confirmed a preliminary estimate of France’s GDP growth in the first quarter at 0.3% compared with the previous quarter, when a rise of 0.4% was recorded. The indicator met the forecasts of economists. Relative ...
30.05.2019 10:01:23

Inflation in France slowed down to 1% in May, consumer spending rose above forecasts

In May, consumer prices in France, according to national standards, increased by 1% from the same month a year earlier, a preliminary assessment of Insee statistics showed. Compared with the April price increase of 1.1%, annual inflation slowed ...
30.05.2019 10:01:23

Inflation in Venezuela in 2018 exceeded 130 thousand percent

The first report on inflation in the country, published over 3 years by the Central Bank of Venezuela, showed that in 2018 its level reached 130060%. Since the beginning of 2019, the largest increase in consumer prices – by 196.6 – ...
29.05.2019 13:01:43

China Association of Automobile Manufacturers expects that this year car sales in China will remain at last year’s level

The China Association of Automobile Manufacturers expects that this year, car sales in China will be at last year's level of 28 million 100 thousand cars. Of this number, sales of passenger cars will amount to 23,700,000 units, which will also ...
29.05.2019 13:01:43

The Association of German Chambers of Industry and Commerce lowered the forecast for economic growth in the country for 2019

The Association of German Chambers of Industry and Commerce, based on data from a survey of about 25 thousand companies, has worsened Germany’s GDP growth forecast for 2019 from 0.9% to 0.6%, which is mainly due to lower expectations ...
29.05.2019 13:01:43

Car sales in the US fell by 2.1% in May, according to experts from industry consulting companies

Experts from consulting companies JD Power and LMC Automotive expect car sales in the United States in May to be about 1.56 million units, down 2.1% from a year earlier. At the same time, retail sales of new cars, according to their estimates, ...
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