Net profit of state-owned enterprises in China grew by 23%
The aggregate profit of China's state-owned enterprises grew by 23% in the first half of 2018, compared to the same period in 2017, to 887 billion 790 million yuan, according to the State Property Committee of the PRC. Revenue was 13 trillion ...
Wells Fargo's quarterly profit fell more than it was expected
Wells Fargo, the leader of the US mortgage market, following the results of the second quarter, reported on the reduction of net profit to 5 billion 190 million dollars from 5 billion 810 million dollars a year earlier. Earnings per share were ...
Economic outlook for July 16
China will present data on economic growth for the second quarter of this year, the volume of retail sales and industrial production.In the UK, the Rightmove housing price index will be released. Eurozone will publish the trade balance for ...
The semi-annual net profit of Geely can grow by more than 50%
The Chinese automaker Geely Automobile Holdings, which owns the Swedish Volvo Cars, said it expects its net profit to grow by more than 50% year-on-year in the first half of 2018. The expected growth in profits is mainly due to an increase ...
House prices in London continued to fall
Prices for houses in London continue to fall amid a decline in demand for housing in the capital, Bloomberg reports, citing the Royal Institute of Chartered Appraisers. Over the period from January to June, the number of agents who had reported ...
Sales of BMW increased by 1.8% in the first half of the year
Sales of the German automaker BMW in the first half of the year increased by 1.8% to 1 million 242.5 thousand cars, noting a record for the first half of the year. The June sales figure also became record, having increased by 2.7% to 238 thousand ...
Steel prices in Shanghai reached a 4-month high
Steel during trades in China has risen in price for the fourth consecutive session, and the price of hot-rolled steel and steel reinforcement has peaked since March this year. The armature with October delivery at the Shanghai Futures Exchange ...
American Delta Air reduced quarterly profit by almost 14%
In the second quarter of 2018, the American airline company Delta Air reduced its net profit in annual terms by 13,9% to 1 billion 25 million dollars in connection with a rise in prices for fuel. As the airline's CEO Ed Bastian said, the expenses ...
Foreign direct investment in China increased in June by 5.8%
In June, foreign direct investment in the non-financial sector of mainland China increased in dollar terms by 5.8% compared to June 2017 and amounted to 15 billion 660 million dollars, the country's Ministry of Commerce reported. Regarding ...
Oil prices rose after the collapse the day before
Oil prices recovered on Thursday after the collapse the day before, triggered by US statements about plans to introduce new duties on Chinese goods. On Wednesday, WTI crude oil fell at a record pace for the year, and Brent - for almost 2 years. ...