Financial news

21.05.2018 09:00:10

Citigroup was fined $57 million by regulator of Hong Kong for a failed IPO

Asian division of Citigroup was fined HK$57 million by the financial regulator of Hong Kong, which accused it of violations in assessing the financial performance of the Chinese company Real Gold Mining before the initial placement of its shares ...
21.05.2018 09:00:10

Samsung tops the world chip market following the results of the first quarter

In the first quarter of 2018, Samsung Electronics again became a leader in the semiconductor market, ahead of the American corporation Intel. Samsung is leading the world chip market since the second quarter of 2017. Samsung's quarterly revenue ...
21.05.2018 09:00:10

Largest producer of miners became interested in the market of artificial intelligence

The Chinese company Bitmain Technologies, the largest manufacturer of ASIC-miners for bitcoins and other cryptocurrencies, considers the release of devices for the artificial intelligence industry as an alternative source of income, fearing ...
18.05.2018 13:00:07

Debt of emerging markets makes them vulnerable, Fitch said

The volume of outstanding debt securities of developing countries for 10 years increased to 19 trillion dollars from 5 trillion dollars. As stated by the international rating agency Fitch Ratings, the increased in almost 4 times debt makes ...
18.05.2018 13:00:07

Walmart cut its quarterly net profit by 30%

The world's largest retailer, American Walmart, following the results of the first fiscal quarter ended April 30, reported a 30% decrease in net profit in annual terms to $2 billion 130 million. Adjusted earnings were 1 dollar 14 cents per ...
18.05.2018 13:00:07

Brent exceeded $80 per barrel for the first time since November 2014

On Thursday, there was an acceleration in the rise of oil prices against the backdrop of increased geopolitical risks in the Middle East and the Korean peninsula. Brent exceeded the mark of $80 per barrel for the first time since November 2014, ...
18.05.2018 13:00:07

Quarterly profit and revenue of Cisco exceeded analysts' forecasts

The American transnational company Cisco, which develops and sells network equipment, said that in the third financial quarter ended April 28, its profits and revenues exceeded analysts' expectations. The revenue of the unit offering solutions ...
18.05.2018 13:00:07

Volume of industrial production in the US rose by 0.7% in April

The volume of industrial production in the US rose in April by 0.7%, as well as in March, the Federal Reserve Bank said, noting that these data indicate the acceleration of the growth of the US economy in the second quarter. Production of equipment ...
18.05.2018 11:00:10

Volume of construction in the euro area declined by 0.3% in March

In March, in the euro area there was a decline in construction volumes by 0.3% compared to February, when the index fell by 0.7%, according to the data of the Statistical Office Eurostat. The pace of construction in the euro area is declining ...
18.05.2018 11:00:10

British Prime Minister said that Britain would leave the Customs Union after Brexit

British Prime Minister, Teresa May, said at a European summit in Sofia that London would not apply to the European Union with a request to extend the country's membership in the Customs Union after the exit from the EU. The prime minister said: ...
18.05.2018 11:00:10

Revenue of Moeller-Maersk grew by more than 30% in the first quarter

Net profit of the Danish transport company Moller-Maersk, the world leader in the field of container transportation, in the first quarter increased to 2 billion 475 million dollars from 245 million dollars a year earlier. EBITDA increased to ...
18.05.2018 10:00:11

Chinese regulator has approved a deal to buy a Toshiba unit by a consortium of investors led by Bain Capital

The Chinese antitrust regulator approved a deal to acquire the Toshiba chip manufacturing unit by a consortium of investors led by the US private equity fund, Bain Capital. This was written by The Wall Street Journal with reference to an informed ...
18.05.2018 10:00:11

Foreign direct investment in China declined by 1.1% in April

In April of this year, foreign direct investment in the non-financial sector of mainland China declined by 1.1% year-on-year to 59.24 billion yuan, data of the Ministry of Commerce said. The indicator contracted for the first time since December ...
17.05.2018 12:00:18

British Burberry increased annual profit by 4%

British company Burberry, one of the world's leading manufacturers of luxury goods, for the fiscal year ended March 31, increased its operating profit by 4% to 410 million pounds. Pre-tax profit was 413 million pounds, increased by 5%. The ...
17.05.2018 12:00:18

Production of oil and condensate in Norway decreased by 1.8% in April

In April, Norway reduced oil and condensate production by 1.8% compared to the previous month to 1 million 868 thousand barrels per day, the Norwegian Petroleum Directorate said. In annual terms, production fell by 11.6%. For a month, sales ...
17.05.2018 12:00:18

Price growth for new housing in China accelerated in April

Prices for new housing in 70 major cities in China increased by 0.6% in April compared to March, when growth was 0.4%, according to the Wall Street Journal, based on data from the Office for National Statistics of China. In annual terms, the ...
17.05.2018 12:00:17

Annual inflation in the eurozone was 1.2% in April

In April 2018, consumer prices in the euro area rose by 1.2% in annual terms and by 0.3% compared to March, when the annual inflation of 1.3% was recorded, the final data of the Statistical Office Eurostat showed. The indicators coincided with ...
17.05.2018 12:00:17

IEA lowered forecast of global oil demand for this year by 100 thousand barrels per day

The International Energy Agency lowered the forecast of the global oil demand for 2018 by 100 thousand barrels per day to 99.2 million barrels per day. The agency's report says that demand in 2018 has been revised downwards by 60,000 barrels ...
16.05.2018 12:00:19

Comparable sales of Home Depot were lower than forecasts in the first quarter

Comparable sales of Home Depot, the largest US chain of stores selling tools for repair and building materials, in the first quarter ended April 29, 2018, for the first time in the last 7 quarters did not reach Wall Street forecasts. The reason ...
16.05.2018 12:00:19

Pre-tax profit of Commerzbank decreased by 12% for the first quarter

The profit of German creditor Commerzbank before taxes in the first quarter fell by 12% to 289 million euros due to weak markets and increase in bank expenses, although Commerzbank's efforts are aimed at restructuring. Analysts had expected ...
16.05.2018 10:00:11

Oil prices rose amid continuing clashes in the Middle East

On Tuesday, Brent crude oil exceeded $79 per barrel for the first time since November 2014 amid continuing clashes in the Middle East. Investors remain focused on riots in the gas sector and the expected consequences of US sanctions against ...
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