Financial news

21.05.2019 13:01:38

Bundesbank predicts stagnation of the German economy in the second quarter

The Bundesbank published a monthly report in which it set forth a new assessment of Europe’s largest economy. The Central Bank expects that in the second quarter Germany may experience stagnation amid a weakening manufacturing sector, ...
20.05.2019 15:02:30

German Lilium will launch a 5-seater flying taxi in the mid-20s

The representative of the American startup Lilium during the demonstration of a prototype of a five-seater autonomous flying taxi developed and produced by this German manufacturer, said that this device was driven by 36 electric motors and ...
20.05.2019 14:03:03

Russia's GDP in the first quarter increased by 0.5%

The economy of the Russian Federation in the first quarter increased by 0.5% compared to the same period a year earlier, continuing to slow down in the fourth quarter of last year, the Federal State Statistics Service reported. This growth ...
20.05.2019 14:03:03

EasyJet's loss increased in the first half of the year due to rising fuel costs

The British low-cost airline easyJet reported the results of the first half of the year, which ended in March. According to published reports, its pre-tax loss rose to 272 million pounds from 68 million pounds in the same period a year earlier ...
20.05.2019 14:03:03

Euro area inflation accelerated in April to 1.7%

Eurostat published a final estimate of the level of inflation in the euro area in April. As of April 2018, consumer prices increased by 1.7%, accelerating growth against the March rise of 1.4%. The figure for April coincided with the expectations ...
20.05.2019 14:03:03

NVidia's net income and revenue fell in the first fiscal quarter

American company NVidia, specializing in the release of graphics processors, following the results of the first fiscal quarter to April 28, reported the decline in net profit by 68% compared to the same period last year to $394 million. Per ...
17.05.2019 15:02:04

Consumer spending on technology in the world in 2019 will exceed 1.3 trillion dollars

Analytical company International Data Corporation expects growth in consumer spending on technology in 2019 by 3.5% to 1 trillion 320 billion dollars. According to IDC analysts, by the end of 2022, the global technology market will reach 1 ...
17.05.2019 12:03:41

Euro area foreign trade surplus exceeded forecasts in March

Euro area trade surplus rose to 22.5 billion euros in March this year from 17.9 billion euros a month earlier, Eurostat reported. According to economists' forecasts, a less significant increase was expected - up to 19.9 billion euros. Eurozone ...
16.05.2019 11:01:31

Tencent's net profit rose 17% in the first quarter

Chinese Internet company Tencent reported that in the first quarter of this year, its net profit grew by 17% from the same period a year earlier to 27.21 billion yuan. Experts had expected less significant profit growth - up to 19.9 billion ...
16.05.2019 11:01:31

Adjusted profit of RWE increased 3.5 times in the first quarter

One of the leading energy companies in Europe, German RWE, completed the first quarter of 2019 with an increase in adjusted earnings 3.5 times compared to the same period a year earlier. Its quarterly figure was 273 million euros. Adjusted ...
16.05.2019 11:01:31

Inflation in France accelerated to 1.3% in April

In France in April of this year, the acceleration of annual inflation was recorded, according to national standards, up to 1.3% from 1.1% in March. Such final data was provided by Insee. For the month, consumer prices rose by 0.3%. Economists ...
16.05.2019 11:01:31

Credit Agricole in the first quarter reduced its net profit by 11%

French bank Credit Agricole reported the financial results of the first quarter of this year. In a press release, the bank said that during the earnings period, its net profit declined by 11% in annual terms to 763 million euros, since a year ...
16.05.2019 11:01:31

Industrial production growth in China slowed in April

In April, industrial production in China grew by 5.4% year-on-year, the country's national Bureau of Statistics reported. Compared to the March rise by 8.5%, its growth slowed. Economists had expected a less significant slowdown - up to 6.5%. ...
16.05.2019 11:01:31

Euro area economy up 0.4% in the first quarter

The final assessment of the growth of the euro area economy is kept at the level of preliminary data. As Eurostat management reported, in the first quarter of 2019, euro area GDP grew by 0.4%, noting the maximum acceleration of growth over ...
16.05.2019 11:01:31

Alibaba completed fiscal year with net profit growth of 37%

The largest Internet company in China, Alibaba, reported the results of the fiscal year ended March 31. The company's statements showed that its net profit reached $13.053 billion. Over the year, the figure rose by 37%. Earnings per share rose ...
16.05.2019 11:01:31

US retail sales fell 0.2% in April

The US Department of Commerce published data on the dynamics of retail sales in April. Last month, retail sales fell by 0.2% in the United States compared to March, when they grew by 1.7%. For experts, the decline was a surprise, they had expected ...
16.05.2019 11:01:31

Lithium production in China has become cheaper due to technological breakthrough

The introduction of new technologies in the process of lithium mining in China has reduced the cost of production of this essential component of batteries for electric vehicles to 15,000 yuan per ton, which is a record low, the South China ...
16.05.2019 11:01:31

US industrial production fell 0.5% in April

In April, industrial production in the United States fell by 0.5%, noting the third drop in the index over the past 4 months, the Federal Reserve reported. Economists had not expected a decline. They had predicted an increase of 0.1%. American ...
15.05.2019 14:01:24

Car sales in India fell 17.1% in April

In April 2019, the number of cars sold in India amounted to 247,541 cars, the Society of Indian Automobile Manufacturers reported. The fall in sales relative to the same month last year was 17.1% and was the most significant since 2011. Car ...
15.05.2019 14:01:24

Operating profit of Nissan for the fiscal year fell 1.8 times

Japanese car manufacturer Nissan Motor reported on the results of the fiscal year, which ended on March 31. According to published reports, its operating income declined 1.8 times, reaching 318.2 billion yen. Net profit at the end of the year ...
15.05.2019 14:01:24

Investor confidence in the German economy declined in May

The results of a survey conducted by ZEW showed a deterioration of economic sentiment in Germany in May. The index of investor and analyst sentiment for the next six months fell to minus 2.1 points from 3.1 points in the previous month. Experts ...
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