Financial news

04.05.2018 09:00:07

EC confirmed the forecasts for the GDP of the eurozone for 2018-2019

The European Commission confirmed the forecast for GDP growth in the eurozone in 2018 at 2.3%, since, in its view, the weakening of the rise in the first quarter is temporary. The growth forecast for 2019 is kept at the level of 2%. The EC ...
04.05.2018 09:00:07

Rate of Turkish lira fell to a record low based on inflation data in Turkey

Consumer prices in Turkey rose in April to a maximum of 4 months 10.85% from 10.2% in March, according to official data. The largest increase in prices was recorded in housing, utility services, transportation, household appliances, clothing ...
04.05.2018 09:00:07

Skoda in the first quarter recorded record levels of profit, sales and revenue

The Czech automaker Skoda Auto, part of the Volkswagen concern, reported first-quarter profit growth of 5.3% year-on-year to a record-high of 437 million euros. Quarterly revenue of 4 billion 547 million euros also became a record, increased ...
04.05.2018 09:00:07

Inflation in euro area slowed in April

In April, the growth in consumer prices in the euro area in annual terms slowed to 1.2% from 1.3% a month earlier, according to preliminary data from Eurostat. Without taking into account the price of energy, food and alcohol, consumer prices ...
04.05.2018 09:00:07

Canadian Bombardier increased its quarterly profit 7.3 times

Canadian engineering company Bombardier, following the results of the first quarter, reported on net profit growth 7.3 times to 44 million dollars, the finversia.ru project wrote with reference to the company's accounts. Diluted profit in terms ...
03.05.2018 12:00:14

Growth of the euro area economy slowed in the first quarter

The economy of the euro area in the first quarter increased by 0.4% compared to the last quarter of 2017 and by 2.5% compared to the same period last year, preliminary data of the Statistical Agency Eurostat showed. GDP growth slowed down compared ...
03.05.2018 11:00:09

Amazon starts delivery to car trunks

American company Amazon has launched the delivery of parcels not to the porch of the house or to the mail box, but directly into the trunk of the client's car. The delivery scheme to the trunk of the car is the same as the delivery to the house ...
03.05.2018 11:00:09

Goldman Sachs to pay $110 million for violations in the foreign exchange market

To settle the regulators' allegations against Goldman Sachs Group, related to violations in the foreign exchange market, the bank will have to pay 110 million dollars. According to Dow Jones, the bank will pay to the Federal Reserve System ...
03.05.2018 11:00:09

Apple reported on the growth of quarterly earnings and revenue that exceeded forecasts

The net profit of the American corporation Apple in the second fiscal quarter ended March 31 reached a record 13.8 billion dollars against 11 billion dollars a year earlier. Experts had expected the figure at $13.5 billion. Revenues rose 16% ...
03.05.2018 11:00:09

World prices for non-ferrous metals rose

World prices for non-ferrous metals rose on Wednesday, when trading in mainland China was resumed after two holidays, Bloomberg reported. The leader of growth was nickel. At the London Metal Exchange, the value of its contract with delivery ...
03.05.2018 11:00:09

Growth of the activity index of US factories slowed down in April

In April, US factories slowed their activity for the second month in a row amid rising raw material prices due to the application of duties on imports of steel and aluminum, Reuters reported. According to the survey of the Institute for Supply ...
03.05.2018 11:00:09

Number of employed people in the US increased in March by 204 thousand

The number of employed people in the private sector of the US increased in April by 204 thousand. Compared with the growth in March, growth rate in April slowed. Analysts had predicted an increase of 200 thousand. Small enterprises increased ...
03.05.2018 11:00:09

Growth in manufacturing activity in the euro area slowed in April

The index of supply managers in the euro area fell in April to 56.2 points from 56.6 points in March, the final data of IHS Markit showed. The April figure was minimal for 13 months. According to IHS Markit/BME, in Germany, the purchasing managers' ...
03.05.2018 11:00:09

PMI in the UK construction sector showed growth in April

The purchasing managers' index in the construction sector in the UK increased to 52.5 points in April from 47 points a month earlier, the IHS Markit survey showed. The March value of the index was minimal for 20 months. In April, the construction ...
03.05.2018 10:00:10

Quarterly profit of Standard Chartered increased by 20%

In the first quarter of 2018, the profit of Standard Chartered before tax grew by 20% year on year to $1 billion 260 million, thanks to the increased demand for loans and improved asset quality. Analysts had predicted the figure at 1 billion ...
03.05.2018 07:30:18

General Motors completed the first quarter with decline in net profit by 2.6 times

In the first quarter, the largest US automotive concern General Motors reduced its net profit by 60%, or 2.6 times, in annual terms due to high restructuring expenses in South Korea in the amount of almost $1 billion and a decrease in production ...
03.05.2018 07:30:18

Quarterly loss of Lufthansa fell by 16%

The net loss of German airline Deutsche Lufthansa in the first quarter decreased by 16% to 57 million euros compared to a loss of 68 million euros a year earlier. Adjusted EBIT increased from 25 million euros to 26 million euros, being three ...
03.05.2018 07:30:18

Ford net profit in the first quarter increased by 9%

The second largest automaker of the US, Ford Motors, following the results of the first quarter, reported on the growth of net profit by 9% to 1 billion 750 million dollars. Adjusted profit was 43 cents per share, which was higher than analysts' ...
03.05.2018 07:30:18

Barclays suffered losses in the first quarter due to fines in the US

British bank Barclays reported that in the first quarter it had recorded a net loss of 764 million pounds sterling against a profit of 190 million pounds over the same period last year due to fines imposed by the US authorities. Quarterly revenues ...
03.05.2018 07:30:18

Volkswagen reported a decrease in quarterly profit

In the first quarter of 2018, the German autoconcern Volkswagen reduced its net profit to 3.3 billion euros from 3.4 billion euros a year earlier. Operating profit amounted to 4.2 billion euros, decreased by 3.6%. Quarterly revenue increased ...
03.05.2018 07:30:18

ECB left the stakes unchanged again

The European Central Bank has kept the main refinancing rate unchanged - at zero level. The deposit rate remained at the level of minus 0.4%. According to the economists, the program of buying bonds will end this year. Most of them still expect ...
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