Financial news

29.05.2019 12:01:42

The Swiss economy grew 0.6% in the first quarter

The Swiss economy in the first quarter increased by 0.6% compared to the fourth quarter, when growth was at the level of 0.3%. This was announced by the Swiss State Secretariat for Economic Affairs. According to economists, an increase of only ...
29.05.2019 12:01:42

Watch exports from Switzerland fell by 0.4% in April

The Federation of the Swiss watch industry published data on the dynamics of watch exports from Switzerland in April, recording the first decline in four months. A total amount of Swiss watches shipped abroad is 1.755 billion Swiss francs. ...
29.05.2019 12:01:42

US Global Payments and Total System have agreed to merge

Global Payments and Total System Services, which provide payment processing services in the United States, will merge through a share exchange. As informed sources told Bloomberg, the transaction volume is estimated at $21.5 billion. In the ...
29.05.2019 12:01:42

The composite confidence index in the euro area rose in May

The European Commission published data on the dynamics of the composite business and consumer confidence index in the euro area in May. The Institution recorded its growth for the first time since June 2018. Index value in May was at the level ...
29.05.2019 12:01:42

General Electric plans to cut 1,000 jobs in France

The diversified American company General Electric can reduce about one thousand jobs in France. According to a union source, the dismissal will affect mainly the company's employees working at its site in Belfort, in the east of France, where ...
29.05.2019 12:01:42

Consumer sentiment in Germany will worsen in June

The research company GfK expects a deterioration in consumer sentiment in Germany in June amid falling economic expectations. The leading consumer confidence index, calculated by GfK, was 10.1 points, falling from the May value of 10.2 points. ...
29.05.2019 12:01:42

Brazilian Petrobras may sell stake in 27 oil and gas fields

Petrobras, the largest oil and gas company in Brazil, announced its intention to sell 100% of its share in the oil and gas fields in the state of Espirito Santo in the south-east of the country. The sale offer also includes infrastructure accompanying ...
28.05.2019 14:01:17

China's large industrial enterprises reduced profit by 3.7% in March

In China, the slowdown in growth in manufacturing activity in April affected the profits of large Chinese industrial companies, aggregate figure of which fell by 3.7% from the same month a year earlier to 515.4 billion yuan. This was reported ...
28.05.2019 14:01:17

Consumer confidence index in Finland fell in May

Finnish consumer confidence continued to decline in May. As shown by the statistics of the country, the consumer confidence index in Finland fell to minus 1.8 points from April value of minus 1.7 points. The indicator, which determines household ...
28.05.2019 14:01:17

Japan will limit foreign ownership of companies in the field of information technology and telecommunications

The Japanese government has introduced a new rule, according to which high-tech industries will be added to the list of sectors where foreign ownership is limited to Japanese companies. Now, foreign ownership in 20 sectors of information technology ...
28.05.2019 14:01:17

Investments of Japanese companies in the United States over the past 2 years exceeded $2.2 billion

Japanese Prime Minister Shinzo Abe during a press conference held in Tokyo following his meeting with US President Donald Trump, said that over the past two years, Japanese companies have invested more than 240 billion yen in the US. During ...
28.05.2019 14:01:17

Nasdaq will not buy Oslo Stock Exchange

The American stock exchange operator NASDAQ announced that it had withdrawn its offer to acquire Oslo Boers VPS Holding. The company explained the refusal by saying that many of its shareholders did not support the NASDAQ proposal to acquire ...
28.05.2019 14:01:16

The fall in housing prices in Manhattan was the strongest since 2010

The demand for homes in Manhattan increased significantly due to the maximum rate of declining housing prices in this area of New York in almost a decade. The StreetEasy portal, which calculates the housing price index, reported that last month ...
28.05.2019 13:01:34

Nestle fulfilled cost reduction plan almost by half

The cost-cutting plan of the Swiss food company Nestle is almost half done. Developed and approved in 2016, the plan envisages that by 2020, the company's expenditures will decrease by 2-2.5 billion Swiss francs. According to Francois-Xavier ...
28.05.2019 13:01:34

Fiat Chrysler and Renault are negotiating partnerships

Automakers Fiat Chrysler Automobile and Renault are negotiating partnerships, discussing the exchange of shares and the prospect of a full merger. This was reported to The Financial Times and the Wall Street Journal by sources familiar with ...
27.05.2019 16:01:24

Trade tensions between the United States and China negatively affect US companies in the PRC

The American Chambers of Commerce in China and Shanghai conducted a survey of American companies engaged in manufacturing, trading and distribution activities in the PRC. Its results showed that the majority of respondents felt the negative ...
27.05.2019 16:01:24

A zero growth in retail sales was recorded in April in the UK

In April, the volume of retail sales in the UK remained at the level of March, when an increase of 1.2% was recorded, data from the ONS showed. According to economists, an increase of 0.3% was expected. Sales growth in annual terms was at the ...
27.05.2019 16:01:24

Bosch, as a member of the diesel scandal, will pay 90-million-euro fine

The prosecutor's office of Stuttgart obliged Bosch, a supplier of components for automobiles, to pay a fine of 90 million euros. It is believed that the dosage sensor software of the German company “contained partially unauthorized strategies.” ...
27.05.2019 16:01:24

Mexico's economy slowed growth to 1.2% in the first quarter

The Mexican economy in the first quarter, according to official data, slowed growth to 1.25% in annual terms, compared with an increase of 1.7% in the fourth quarter of 2018. Relative to the last quarter of last year, Mexican GDP fell by 0.17% ...
23.05.2019 10:01:33

Brazilian Natura Cosmeticos buys American Avon

Brazilian company Natura Cosmeticos buys American company Avon, specializing in the production and direct sales of cosmetics. According to The Wall Street Journal, several months of negotiations between the companies ended in approval of the ...
23.05.2019 10:01:33

Marks & Spencer increased annual profit by 27%

Marks & Spencer Group, the British network of department stores, reported the results of the fiscal year ended March 30. According to its reports, profit before tax was 84.6 million pounds, an increase of 27% over the year. In the reports ...
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