Financial news

23.05.2019 10:01:33

Annual inflation in the UK accelerated in April to 2.1%

In April, annual inflation in the UK accelerated to 2.1% from the March value of 1.9%. As reported by ONS, the indicator exceeded the Bank of England's target value of 2% for the first time since the beginning of the year, which was caused ...
23.05.2019 10:01:33

British Royal Mail reduced annual profit by 26%

The report of the British postal service Royal Mail for the fiscal year ended in March showed a decrease in its adjusted operating profit by 26% to 509 million pounds. During the earnings period, the company spent 133 million pounds on reorganization. ...
23.05.2019 10:01:33

Japanese exports fell in April more than expected

In April, goods and services worth 6.65 trillion yen were exported from Japan. Compared with April last year, exports fell by 2.4%, just as a month earlier, the country's finance ministry reported. The drop in Japanese exports has been observed ...
23.05.2019 10:01:33

Goldman predicts a drop in Apple profits if its products are banned in China

Goldman Sachs calculated how much American Apple profits would decline if China bans the sale of its products after the American authorities have added Chinese Huawei to the list of companies that can buy goods and services in the US only after ...
23.05.2019 10:01:33

American Lowe’s increased quarterly profit by 6%

Lowe’s, which owns the second largest chain of household goods stores in the United States, reported the results of the first fiscal quarter ended May 3. For the year, the net profit of the American company grew by 5.9% to 1.046 billion ...
23.05.2019 10:01:33

Growth in retail sales in Canada accelerated in March

Official statistics from Canada showed that in March, retail sales in the country increased by 1.1% compared to February, when their rise was also noted. Growth was shown by 7 out of 11 sub-sectors. Gas stations increased sales by 6%. The index ...
23.05.2019 10:01:33

British Steel has declared bankruptcy

British steelmaker British Steel has declared bankruptcy. Its report says that the management of the company, despite the efforts made over the course of 3 years, could not restore the unprofitable business. A lot of work that was done in the ...
23.05.2019 09:01:53

The head of the Federal Reserve Bank of St. Louis believes that the rate increase in December was superfluous

The head of the Federal Reserve Bank of St. Louis, James Ballard, in an interview with Bloomberg, expressed the opinion that perhaps in December it was not necessary to raise the rate on federal credit funds. After raising the base interest ...
22.05.2019 11:01:47

Singapore's GDP in the first quarter increased at the slowest pace in 10 years

Singapore's economy in the first quarter grew at the slowest pace in almost 10 years, having increased by 1.2% compared to the same period last year. In the previous quarter, GDP growth was at 1.7%. The Ministry of Trade and Industry of Singapore ...
22.05.2019 11:01:47

Thailand's economy grew by 2.8% in the first quarter

The growth of the Thai economy slowed in the first quarter, noting the slowest rates since the fourth quarter of 2014 due to the negative impact on exports of the US trade war with China. According to the Office of the National Economic and ...
22.05.2019 11:01:47

American business in 2018 paid minimum taxes in 70 years

Data of the US IRS tax administration on tax revenues to the state treasury in 2018 showed a decline in the share of the American corporate sector to a minimum of 70 years, i.e. since 1960. Of the approximately $3.5 trillion business revenue, ...
22.05.2019 11:01:47

Industrial orders in the UK fell in May at the fastest pace since the end of 2016

Orders of industrial enterprises in the UK fell sharply in May. According to the Confederation of British Industrialists, the monthly balance of orders fell to minus 10 points from minus 5 points a month earlier. The indicator was the lowest ...
22.05.2019 11:01:47

Chinese airline demands compensation from Boeing over 737 MAX grounding

Eastern China became the first Chinese company to demand compensation over 737 MAX grounding from the American Aircraft Building Corporation Boeing. According to thepaper.cn, the airline from China is demanding compensation for the grounding ...
22.05.2019 11:01:47

Home Depot increased sales by 2.5% in the first fiscal quarter

Home Depot, the largest home improvement store chain in the United States, reported that its comparable sales increased 2.5% in the first fiscal quarter to May 5 from the same period a year earlier. The indicator disappointed economists who ...
22.05.2019 11:01:47

Citigroup and UBS analysts expect Brent to rise to $75 in the short term

According to Citigroup analysts, the price of Brent crude oil in the short term will increase by 3.6% to $75 per barrel and then continue to rise to $78. The main reason for the increase in its value is investors' concerns regarding the reduction ...
22.05.2019 11:01:47

Annual sales of Mitsubishi increased by 5%

At the end of the fiscal year ended March 31, the Japanese car manufacturer Mitsubishi Motors reported an increase in sales of 5% to 1 million 244 thousand cars. At the end of the earnings period, its net profit reached 132 billion 871 million ...
21.05.2019 14:01:21

Ryanair annual profit fell 1.6 times

Irish airline Ryanair reported the results of the fiscal year ended March 31. The annual reports of the largest in Europe airline discounter was posted by finversia.ru. It is reported that at the end of the earnings period, its net profit amounted ...
21.05.2019 13:01:38

Goldman Sachs может приобрести сеть бюджетных отелей B&B

A division of Goldman Sachs, which is in charge of deals in the field of direct investment, may acquire a European network of budget B & B Hotels, Financial Times writes. The sale is negotiated by the French direct investment fund PAI Partners, ...
21.05.2019 13:01:38

Japan's GDP grew by 2.1% in the first quarter

The Japanese economy grew by 2.1% in the first quarter compared to the same period a year earlier, accelerating growth against a 1.6% increase in the last quarter of 2018. The acceleration of economic growth was a surprise for economists, who ...
21.05.2019 13:01:38

China's ban on waste imports revives US processing industry

In the United States, there has been an increase in investment in recycling plants after restrictions on importation of waste paper and plastic waste into China in January 2018, the Associated Press reports. The resulting excess waste paper ...
21.05.2019 13:01:38

Major US IT companies refuse Huawei

After reporting that Google has disconnected Chinese technology leader Huawei Technologies from Android, other major US IT companies are stopping software and component shipments for it. The US Department of Commerce announced the blacklisting ...
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