Financial news

12.07.2018 12:00:27

India increased steel production by 6.2% in the first fiscal quarter

In the first financial quarter, which ended in June, India increased steel output by 6.2% year-on-year to 26 million 80 thousand tons. According to the preliminary data of the ministry, the steelmaking of hot-rolled steel increased by 11% in ...
12.07.2018 12:00:23

The sales of cars in China grew by 5.6% in the first half of the year

Sales of cars in China for the first half of 2018 increased by 5.6% in annual terms to 14 million 100 thousand cars, the data of the Chinese Association of Automobile Manufacturers CAAM. Sales of Ford Motor Company for the first half of the ...
12.07.2018 11:00:15

Retail sales of Burberry did not change in the first fiscal quarter

The British company Burberry Group, one of the world's leading manufacturers of luxury goods, reported that its retail sales in the first fiscal quarter ended June 30, in annual terms, did not change a lot and amounted to 479 million pounds ...
12.07.2018 11:00:15

Palladium launched the first in the history ICCO

On June 10, Palladium, the blockchain company from Malta, launched the first in the history initial offering of convertible tokens ICCO, the finversia.ru project wrote with reference to local media. The main difference between the Palladium ...
12.07.2018 11:00:15

Financial division at JD.com doubled market value by attracting $2 billion investments

The financial department of JD.com attracted at least 13 billion yuan from Chinese investors. According to sources familiar with the situation, this doubled the company's market value before the expected IPO to 120 billion yuan. The price of ...
12.07.2018 11:00:15

MINI and Great Wall Motor agreed on joint production of electric vehicles in China

MINI and the Chinese automaker Great Wall Motor have signed an agreement on the production of electric vehicles at the plant in China. Companies will have equal shares in the joint venture, which will be based in Jiangsu Province. In this province, ...
12.07.2018 10:00:15

Tin exports of Indonesia declined 55% in June

In June, Indonesia reduced tin exports by 55.1% compared to May, when its growth was recorded more than three times. According to the Ministry of Commerce of Indonesia, shipment of tin in ingots and tin solder abroad in June this year amounted ...
12.07.2018 10:00:15

Oil prices fell after Libya's report on the removal of force majeure circumstances in the main ports

Oil prices showed a decline on Wednesday based on reports from Libya, MarketWatch writes. The Libyan National Oil Corporation NOC announced the removal of force majeure circumstances in the ports of Ras Lunaf, Sidr, Al-Harik and Zuwein after ...
12.07.2018 10:00:15

Vietnam expects a weakening of economic growth in the second half of the year

In the third quarter of 2018, the Vietnam Institute for Economic and Policy Research expects the slowdown in the economic growth in the country to 6.65% in annual terms from 7.38% in the first quarter. For the fourth quarter, the Institute ...
12.07.2018 10:00:12

Shale gas reserves in China exceeded 1 trillion cubic meters

Shale gas reserves in China currently exceed 1 trillion cubic meters, the Ministry of Natural Resources of China reported. In 2017, the explored oil reserves in the country fell to 877 million tons from 1 billion 552 million tons in 2012, natural ...
11.07.2018 14:00:13

The number of oil and gas installations in the world increased in June for the second consecutive month

In June, the number of operating oil and gas drilling rigs in the world increased to 2 thousand 152 against 2 thousand 96 in May, according to the data of the oil service company Baker Hughes. The growth of installations is observed for the ...
11.07.2018 13:00:12

The two largest oil refineries in Japan announced a merger

Two largest oil refineries of Japan, Idemitsu Kosan and Showa Shell Shell Sekiyu, announced their intention to merge. As reported by Nikkei, this decision was preceded by more than two years of disputes and disagreements. In November 2015, ...
11.07.2018 13:00:12

BofAML experts raised the forecast for the earnings growth of companies from S&P 500 in 2018

Experts at Bank of America Merrill Lynch expect in 2018 the earnings growth of companies included in the Standard & Poor's 500 index by 20% in annual terms to 159 dollars per share. The forecast is increased by 4% compared to the previous ...
11.07.2018 13:00:11

Fox is preparing an improved application for Sky and wants to sidestep Comcast

American multinational media holding 21st Century Fox is preparing a new application for the remaining 61 percent stake in Sky and wants to sidestep Comcast. The finversia.ru project writes that it is reported by Dow Jones with reference to ...
11.07.2018 13:00:11

Bicycle and scooter rental service Lime attracted $335 million from Uber and Alphabet

The car-hailing service Uber Technologies and Alphabet Holding invested $335 million in the bicycle and scooter rental service Lime. Lime says that Uber will become a strategic partner of Lime. The Uber brand will appear on Lime electric scooters, ...
11.07.2018 12:00:22

Tesla plans to build a plant in China to produce cars

American manufacturer of electric vehicles Tesla wants to build a plant in China to produce cars, which will manufacture up to 500 thousand cars a year, according to Bloomberg, citing informed sources. According to sources, an agreement is ...
11.07.2018 12:00:22

The US regulator approved the purchase of Irish Shire by the Japanese company Takeda Pharmaceutical for 61 million dollars

The US Federal Trade Commission approved the purchase of the Irish pharmaceutical company Shire by Japanese Takeda Pharmaceutical, the largest pharmaceutical company in Asia, for 46 billion pounds sterling. The message of Takeda said that the ...
11.07.2018 12:00:22

Net profit of PepsiCo decreased in the second quarter by 14%

American PepsiCo, the world's second-largest producer of soft drinks, in the second quarter reduced its net profit by 14% year-on-year to 1 billion 820 million dollars. Excluding one-time factors, profit was 1 dollar 61 cents per share, while ...
11.07.2018 12:00:22

The GDP of Kazakhstan increased by 4.1% in the first half of the year

The economy of Kazakhstan in the first half of 2018 grew by 4.1%, the Minister of National Economy Timur Suleimenov said at a government meeting. He noted that “the economic recovery is taking place against the backdrop of the continued slowdown ...
11.07.2018 12:00:22

Taiwan Semiconductor increased its revenue by 12% in the first half of the year

The revenue of Taiwan Semiconductor Manufacturing, the world's leading chip maker, in the first half of 2018 increased by 12% to $7 billion 850 million, despite the continued weakening of the global smartphone market. According to preliminary ...
10.07.2018 13:00:09

The sentiment of investors in the eurozone improved in July

The investor confidence index in the euro zone unexpectedly rose to 12.1 points in July from 9.3 points in June, according to a poll by the Sentix Analytical Center. Analysts had expected the value of the index at 9 points. However, experts ...
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