Financial news

04.06.2018 08:54:52

JPMorgan has become the world's largest currency trader

American financial holding JPMorgan Chase has become the world's largest currency trader by market share, the finversia.ru project writes referring to the results of the poll of the Euromoney Institutional Investor. Citigroup, which topped ...
04.06.2018 08:54:52

Analysts of oil markets expect oil above $70 per barrel due to high demand

Analysts of oil markets, who took part in the Reuters poll in May, expect oil prices above $70 per barrel this year due to good demand. According to their estimates, the demand for oil will be able to level even a possible increase in production ...
04.06.2018 08:54:52

European Commission wants to create in EU budget mechanism to support troubled eurozone countries

The European Commission is considering the possibility of creating a stabilization function for investments in the next long-term budget of the European Union for 2021-2027. The report of the European Commission says that this instrument will ...
04.06.2018 08:54:52

Car production in Britain rose in April by 5.3%

In April 2018, car production in the UK increased by 5.3% compared to the same month in 2017 to 127 thousand 952 cars, according to the British Society of Motor Manufacturers and Traders. The increase in output was facilitated by the strengthening ...
04.06.2018 08:54:52

Economy of Estonia in the first quarter increased by 3.6%

The economy of Estonia in the first quarter increased by 3.6% to 5 billion 700 million euros at current prices, according to the statistical agency of the country. The GDP of Estonia, adjusted for seasonality, decreased by 0.1% compared to ...
25.05.2018 12:00:16

Retail sales in the UK rose 1.6% in April

The volume of retail sales in the UK increased in April compared to March by 1.6% and compared with April last year - by 1.4%, according to the Office for National Statistics. Analysts had expected growth of the first indicator by 0.9%, the ...
25.05.2018 12:00:16

China plans to lower duties on import of a number of consumer goods starting from July 1

China will reduce duties on imports of a number of consumer goods. This will affect a significantly larger number of categories of goods than the decline by almost 200 varieties of goods announced last year, Bloomberg reports referring to unnamed ...
25.05.2018 12:00:16

Consumer sentiment in Germany deteriorated in May

The indicator of consumer sentiment in Germany declined in May to 10.7 points from 10.8 points a month earlier, a poll of about 2 thousand Germans conducted by the Nuremberg Institute of GfK showed. Consumer sentiment declines for two consecutive ...
25.05.2018 11:00:08

Uber in the first quarter earned profit against loss a year earlier

Uber Technology in the first quarter received a net profit of $2 billion 460 million dollars against a net loss of $847 million a year earlier. According to The Wall Street Journal, the company has made a profit by consolidating operations ...
25.05.2018 11:00:08

Cryptocurrency market lost $50 billion of capitalization in 72 hours

On Wednesday, capitalization of the cryptocurrency market lost about 50 billion dollars within 72 hours and amounted to 326 billion dollars. On Thursday, the downward trend continued. The bitcoin rate at 11:45 Moscow time on Thursday fell to ...
24.05.2018 14:00:12

EC recommended that France reject the procedure of compulsory reduction of the budget deficit

Vice President of the European Commission, Valdis Dombrovskis, said at a press conference that the European Commission recommended that France reject the procedure of compulsory reduction of the budget deficit. He noted that under this procedure, ...
24.05.2018 14:00:12

SoftBank has agreed to sell its entire stake in Flipkart to Walmart

The Japanese telecommunications media corporation SoftBank Group announced that it had agreed to sell its stake in the Indian Flipkart Group, the world's largest e-commerce company, to the American corporation Walmart. According to Dow Jones, ...
24.05.2018 14:00:12

China takes measures to simplify the registration of companies with foreign investment

China from the end of June will significantly simplify the registration of enterprises with the participation of foreign investment, in order to increase the inflow of foreign funds into the country. Innovations that, according to the requirements ...
24.05.2018 14:00:12

Gap between the earnings per share of US and European companies is at a maximum for 30 years

Despite the maximum for 10 years rise of the eurozone economy in 2017, the growth rate of corporate profits in Europe lags far behind the United States, The Wall Street Journal writes. The profits of the companies from the S & P 500 index ...
24.05.2018 13:00:13

Tiffany increased its quarterly profit by 53%

The world's second largest jewelry retailer, Tiffany, in the first financial quarter ended April, increased its net profit by 53% year-on-year to 142 million 300 thousand dollars. The US company's revenue amounted to 1 billion 33 million dollars, ...
24.05.2018 13:00:12

Economic growth in OECD countries in the first quarter slowed to 0.5%

The growth in real GDP of the countries that are members of the Organization for Economic Cooperation and Development in the first quarter of 2018 slowed to 0.5% compared with the 0.6% rise in the previous quarter. Among the G7 countries, growth ...
24.05.2018 13:00:12

Barclays is exploring the possibility of merging with Standard Chartered

The British financial conglomerate Barclays is exploring the possibility of merging with competitors, the media write. According to The Financial Times, citing sources, Barclays is considering a potential merger with Standard Chartered, which ...
24.05.2018 13:00:12

Marks & Spencer cut its annual profit 2.6 times

The British chain of department stores Marks & Spencer Group following the results of the financial year, which ended March 31, reported about the drop in pre-tax profit by 62%, or 2.6 times, to 66 million 800 thousand pounds sterling. ...
24.05.2018 13:00:12

Consumer prices in the UK rose by 0.4% in April

Consumer prices in the UK rose in April by 0.4% compared to March, when growth was 0.1%. In annual terms, inflation slowed to 2.4% from 2.5%, according to the Office for National Statistics. Analysts had predicted the growth of the first indicator ...
24.05.2018 13:00:12

Number of British citizens who received German citizenship increased by 162% last year

The number of holders of British passports, who became citizens of Germany, increased by 162% in 2017 against the background of the forthcoming UK withdrawal from the EU next year, the German Office for Federal Statistics said. The total number ...
23.05.2018 12:00:18

China intends to reduce the duty on imports of cars by 10%

The State Council of China decided to lower the duty on the import of cars from 25%, operating for more than 10 years, to 15%, Bloomberg reports with reference to informed sources. Decrease in the duty on import of cars is a favorable factor ...
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