Financial news

17.07.2019 13:01:09

Johnson & Johnson increased net profit by 42% in the second quarter

American manufacturer of health products Johnson & Johnson, following the results of the second quarter, reported a net profit growth 1.4 times compared with the same period a year earlier to $5.607 billion. Adjusted earnings, which do ...
17.07.2019 12:01:04

Renault Group reduced sales by 6.7% in the first half of the year

The French automaker Renault Group, following the results of the first half of the year, reported a drop in sales of 6.7% from the same period a year earlier to 1.94 million vehicles. Nevertheless, the group was able to keep the global car ...
17.07.2019 12:01:04

Unemployment in the UK in March-May remained at a 44-year low

Between March and May, unemployment in the UK did not change, keeping the 44-year-old low of the previous three months at 3.8%. Economists also did not expect a change in the indicator. At the same time, a slight decrease in the level of employment ...
17.07.2019 12:01:04

Investor confidence in the German economy declined in July

The ZEW Institute has published data on the investor and analyst confidence index in Germany for the next six months. Its value dropped this month to minus 24.5 points from the June level to minus 21.1 points. ZEW experts have noted that the ...
17.07.2019 12:01:04

Eurozone's foreign trade surplus rose to 23 billion euros in May

Eurostat reported that in May the export volume of the euro area increased by 7.1% compared to the same month a year earlier and reached 203.4 billion euros. Euro area countries imported products worth 180.3 billion euros this month, which ...
16.07.2019 13:01:15

British banks claim slower business investment

The leaders of large UK banks told Reuters about the weakening activity of corporate clients in recent months amid statements by two candidates for the post of British Prime Minister about the readiness to hold Brexit without a deal. Commercial ...
16.07.2019 13:01:15

Aircraft Boeing 737 MAX will not be able to resume flights before 2020

After the suspension of Boeing 737 Max flights worldwide in March of this year due to two aircraft crashes with fatal outcomes, their American manufacturer took up troubleshooting these models. However, it will take a lot of time. Therefore, ...
16.07.2019 13:01:15

The index of manufacturing activity from the Federal Reserve Bank of New York rose in July by 13 points

The index of manufacturing activity from the Federal Reserve Bank of New York rose in July by 13 points and amounted to 4.3 points. The indicator managed to move into the positive zone. The index value exceeded the forecast. Analysts had expected ...
16.07.2019 12:00:50

China's economy grew by 6.2% in the second quarter

The Chinese economy in the second quarter, according to the National Bureau of Statistics, showed the slowest growth rates since the nineties due to the ongoing trade dispute with the United States. China's GDP grew by 6.2%, slowing down from ...
16.07.2019 12:00:50

Analysts expect a decline in profits of the largest US enterprises in the second quarter at a record pace over 3 years

Analytical company FactSet conducted a survey before the start of the corporate earnings season. Survey participants expect a decline in profits of the largest US companies from the Standard & Poor’s 500 index by 3% in annual terms, ...
16.07.2019 12:00:49

AB InBev Asia delays pricing the largest IPO

Investors linked the postponement of the initial public offering of shares of the Asian business AB InBev with a high price, although the company's explanations boiled down to poor market conditions. AB InBev, the world's largest brewing company, ...
16.07.2019 12:00:49

PSA Group reduced sales by 12.8% in the first half

French carmaker PSA Group, the second-largest car manufacturer in Europe after Volkswagen, published a report, according to which, following the results of the first half of this year, 1.903 million cars were sold. Relative to the same period ...
16.07.2019 12:00:49

Citigroup increased quarterly profit by 7%

Citigroup, one of the largest US banks, reported net profit growth of 7% in the second quarter compared to the same period last year to $4.799 billion. The bank recorded adjusted earnings of $1.94 per share, while experts had predicted $1.81 ...
15.07.2019 12:01:10

Singapore's economy fell 3.4% in the second quarter

The Ministry of Trade and Industry of Singapore reported the strongest fall in GDP since the third quarter of 2012. In the second quarter, Singapore’s economy contracted by 3.4% compared with the first three months of this year. In the ...
15.07.2019 12:01:10

The surplus of China's foreign trade balance in the first half of the year increased by 41.6%

The volume of China's exports in the first half of the year, according to the General Customs Administration, grew by 6.1% compared with the same period a year earlier. The import volume increased by 1.4%. China's foreign trade surplus was ...
15.07.2019 12:01:10

Johnson & Johnson shares collapsed amid reports the US launched a criminal investigation against the company

In relation to the American corporation Johnson & Johnson, the US Department of Justice is conducting a criminal investigation, examining the possibility of the company hiding information that the use of talcum powders could have resulted ...
15.07.2019 12:01:10

Foreign direct investment in China increased by 3.5% in the first half of the year

The Ministry of Commerce of China in the first half of the year recorded $70.74 billion of foreign direct investment in mainland China. Over twelve months, the figure rose by 3.5%, indicating their steady growth in the country. In national ...
15.07.2019 12:01:10

US producer prices rose 0.1% in June

In June of this year, the weakest annual increase in producer prices in nearly 2.5 years was recorded in the USA. According to the US Department of Labor, the June price increase was at the level of 0.1%, as well as a month earlier, which confirmed ...
15.07.2019 12:01:10

Growth in industrial production in the euro area exceeded forecasts in May

In May, data from Eurostat indicated the faster pace of recovery of industrial production in the euro area than it was expected. May growth compared to the previous month was recorded at 0.9% after the April decline of 0.4%. Experts had expected ...
15.07.2019 12:01:09

Volkswagen and Ford will spend billions of dollars on the joint development of self-driving cars

Under the partnership agreement, automakers - American Ford Motors and German Volkswagen - intend to invest billions of dollars in the joint development and production of electric and self-driving cars. The acquisition by the German company ...
15.07.2019 12:01:09

Daimler recorded a net loss of 1.6 billion euros in the second quarter

The German car manufacturer Daimler in the second quarter of 2019 recorded a net loss of $1.6 billion. According to the results of the same period a year earlier, the automobile company reported a net profit of 2.6 billion euros. Defective ...
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