Financial news

17.07.2018 12:00:24

Renault Group reported the growth of sales by 10% following the results of the first half of the year

For the first half of 2018, sales of passenger cars and light commercial vehicles of Renault Group worldwide increased by 9.8% and amounted to 2 million 100 thousand cars. During this period, the group's share increased by 0.2 percentage points ...
16.07.2018 10:00:10

UK intends to conclude ambitious free trade agreement with the US after Brexit

British Prime Minister Teresa May, at a joint press conference with US President Donald Trump, said that Britain intends to conclude an ambitious trade deal with the United States after Brexit. Earlier, Donald Trump, repeatedly criticizing ...
16.07.2018 10:00:10

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 ...
16.07.2018 10:00:10

Net profit of Citigroup exceeded the forecasts in the second quarter

The net profit of Citigroup, one of the top three US banks, in the second quarter increased to 4 billion 490 million dollars against 3 billion 870 million dollars for the second quarter of last year. In earnings per share, profit was 1 dollar ...
16.07.2018 10:00:10

Apple intends to create a fund for investment in clean energy in China

The American corporation Apple intends with its ten suppliers in China to create a fund for investments in clean energy named China Clean Energy Fund in volume of 300 million dollars . The Wall Street Journal writes that this move by Apple ...
16.07.2018 10:00:09

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 ...
16.07.2018 09:00:11

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 ...
16.07.2018 09:00:11

Consideration of the merger of Siemens and Alstom by the European Commission is scheduled to be completed by November 21

The European Commission, the EU's main anti-monopoly regulator, said it has begun an in-depth inspection of the merger of German Siemens units and French Alstom in the field of railway engineering. The consideration is scheduled to be completed ...
16.07.2018 09:00:11

Chinese ZTE will receive a loss in the first half of the year because of sanctions from the US

According to preliminary data of the Chinese manufacturer of telecommunications equipment ZTE, due to sanctions from the US, its loss in the first half of the year could be from 7 billion to 9 billion yuan against a profit of 2 billion 300 ...
16.07.2018 09:00:11

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 ...
16.07.2018 09:00:11

US consumer confidence index fell in July lower than it was expected

The US consumer confidence index in July was 97.1 points, down from 98.2 points in June, preliminary data from the University of Michigan showed. The July value of the index became minimal since January. Experts had expected the decrease to ...
13.07.2018 12:00:30

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 ...
13.07.2018 12:00:29

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 ...
13.07.2018 12:00:26

The fall in the number of applications for unemployment benefits in the US for the week exceeded forecasts

Last week, the number of US citizens who had applied for unemployment benefits for the first time fell by 18,000 to 214,000, the country's Ministry of Labor said. The indicator has become minimal since the beginning of May. Experts had expected ...
13.07.2018 11:00:14

EC lowered the forecast for GDP growth in the eurozone for 2018 from 2.3% to 2.1%

The European Commission lowered the forecast for the growth of the euro area economy for 2018 from 2.3% to 2.1%. In 2019 GDP is expected to grow by 2%. The estimation of economic growth in 27 EU countries for 2018 was reduced from 2.5% to 2.3%. ...
13.07.2018 11:00:13

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 ...
13.07.2018 11:00:13

Rio Tinto sells its stake in Inalum's Grasberg mine for $ 3.5 billion

The Australian-British mining company Rio Tinto sells its stake in the Indonesian mine Grasberg, owned by Inalum, for 3.5 billion dollars, the finversia.ru project wrote with reference to the message from Rio Tinto. It is noted that the companies ...
13.07.2018 10:00:12

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 ...
13.07.2018 10:00:12

The head of the Cleveland FBI believes that the US economy will be able to “digest” 2 more rate hikes this year

The high growth rate of the US economy, low unemployment and stable inflation are sufficient grounds for continuing a steady increase in the base interest rate in the US, the head of the Federal Reserve Bank of Cleveland, Loretta Mester, told ...
13.07.2018 10:00:12

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 ...
13.07.2018 09:00:11

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. ...
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