Financial news

19.04.2019 09:01:05

Taiwan Semiconductor's profit and revenue fell in the first quarter

Taiwan Semiconductor, the world's largest chip maker and one of the main suppliers of American Apple, said that in the first quarter of 2019, its net profit fell almost 3 times compared to the same quarter a year earlier, amounting to 61 billion ...
19.04.2019 09:01:05

Eurozone business activity declined in April

Markit Economics has published preliminary data on the level of business activity in the industry and services of the eurozone in April. The composite PMI for this month was 51.3 points, down from March's value of 51.6 points. The service sector ...
19.04.2019 09:01:05

Nestle sales growth exceeded forecasts in the first quarter

Swiss corporation Nestle, the world's largest food producer, recorded organic sales growth at 3.4% in the first quarter of 2019. Compared to the increase of 2.8% in the first quarter of last year this year, its growth rates accelerated. The ...
19.04.2019 09:01:05

Amazon to close online store in China

American Amazon has decided to close the online store in China by July 18. Amazon was unable to implement its plans to conquer the Chinese e-commerce market against the backdrop of strong competition from Chinese companies such as Alibaba Holding, ...
19.04.2019 09:01:05

Net profit of Schlumberger declined by almost 20% in the first quarter

The world's largest oilfield service company Schlumberger reported the results of the first quarter of this year. Its net profit over the earnings period decreased by almost 20% in annual terms to $421 million. The decline is due to weak demand ...
19.04.2019 09:01:05

Union Pacific increased net profit by 6% in the first quarter

American Union Pacific Railroad, which owns the largest rail network in the United States, reported that in the first quarter it had recorded a net profit of $1 billion 391 million, which is 6% more than in the same quarter a year earlier. ...
19.04.2019 09:01:05

US retail sales rose 1.6% in March

The US Department of Commerce published a report on the dynamics of retail sales in March, noting the record growth rate since September 2017 last month. The volume of retail sales grew by 1.6% compared to February, when the figure fell by ...
19.04.2019 08:02:36

Unilever increased revenue by 3.1% in the first quarter

The Anglo-Dutch concern Unilever, which produces consumer goods, reported a 3.1% increase in revenue in the first quarter of this year, which was supported by an increase in sales and producer prices. Total sales increased by 1.2% for the quarter, ...
19.04.2019 08:02:36

Watch exports from Switzerland rose by 4.4% in March

The Federation of the Swiss watch industry reported an acceleration in the growth of watch exports in March to a record 4.4% since October 2018 from 3.4% in February. Its volume amounted to 1 billion 742 million Swiss francs. The growth in ...
18.04.2019 11:01:31

Housing prices in the UK rose in February at the weakest pace in 7 years

The housing market of Great Britain recorded in February the slowest price growth rate in 7 years in annual terms. As reported by the Office for National Statistics, housing prices in the country rose by 0.6% in February after an annual growth ...
18.04.2019 10:01:24

Eurozone inflation slowed in March to 1.4%

In March, annual inflation in the eurozone was 1.4%, slowing down from 1.5% in February, Eurostat data showed, confirming economists' forecasts. Consumer price growth compared with the previous month was at 1%. The annual inflation rate, which ...
18.04.2019 10:01:23

Inflation in the UK in March remained at the level of February

The British Office for National Statistics recorded an increase in consumer prices in the UK by 1.9% in annual terms in March, just as a month earlier. According to experts, it was expected that March inflation would reach the target level ...
18.04.2019 10:01:23

IBM quarterly revenue declined for the third quarter in a row

The world's largest provider of computer services, International Business Machines, reported in the first quarter that it had reduced revenue by 5% in annual terms to $18 billion 180 million. US IBM revenue declines for the third quarter in ...
18.04.2019 10:01:23

Car sales in the European Union fell by 3.9% in March

The European Automobile Manufacturers' Association (ACEA) reported that in March, car sales in the countries of the European Union fell by 3.9% in annual terms to 1 million 722 thousand cars after declining by 0.9% in February. The fall in ...
18.04.2019 10:01:23

Industrial production in China fell by 8.5% in March

The National Bureau of Statistics of China published two reports on the results of March. According to the first, industrial production in China increased by 8.5% in annual terms, which turned out to be much better than economists' forecasts, ...
18.04.2019 10:01:23

Japan's trade balance surplus fell by 33% in March

The Ministry of Finance of Japan reported that Japan’s trade balance surplus was 528.5 billion yen in March, a decline of 33% from March last year. In March, Japan ended the fiscal year, following which the country recorded the first deficit ...
18.04.2019 10:01:23

China's GDP growth in the first quarter was 6.4%, having exceeded forecasts

The Chinese economy in the first quarter maintained the growth rate of the fourth quarter of last year. At the same time, this indicator shows the minimum increase since the first quarter of 2009. As the National Bureau of Statistics of China ...
18.04.2019 10:01:23

L’Oreal increased revenues by 11% in the first quarter

French L’Oreal, one of the world's largest manufacturer of cosmetics, following the results of the first quarter, reported revenue growth by 11.4% in annual terms to 7 billion 550 million euros. Experts had expected the figure at 7 billion ...
18.04.2019 10:01:23

Netflix attracted a record number of new subscribers in the first quarter

American company Netflix, which supplies movies and TV series based on streaming media, reported that in the first quarter of this year, the number of new users of the service grew by a record 9 million 600 thousand paid subscribers. The indicator ...
17.04.2019 09:02:20

German entrepreneurs appreciate the benefits of EU membership

The Association of German Chambers of Industry and Commerce conducted an online survey of owners and top managers of 1,800 enterprises from all key sectors of Germany. 67% of respondents said that the European Union is better than they think ...
17.04.2019 09:02:20

Investor confidence in the German economy exceeded forecasts in April

Economic sentiment in Germany improved significantly in April. As the data of the ZEW Institute showed, the index of investors' and analysts' expectations for the German economy for the next six months reached 3.1 points, rising from March ...
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