Financial news

24.07.2019 13:01:05

Iran warns Brazil over ship barred from refueling

Iran has threatened to reduce its imports from Brazil if it does not allow the refueling of two Iran’s ships stranded off the Brazilian coast. Iran sees it as a sign of the global repercussions of U.S. sanctions on Iran. The ambassador ...
24.07.2019 12:00:56

Italian banks consider conditions for Carige rescue unacceptable

Depositor guarantee fund FITD in Italy considers the conditions to join a rescue plan for unhealthy Carige unacceptable. Italian cooperative bank Cassa Centrale Banca (CCB) set the conditions to rescue Carige, the bank in Genoa. CCB planned ...
24.07.2019 12:00:55

Deutsche Bank posts over 3 billion euro Q2 loss on restructuring costs

Deutsche Bank informed about bigger than forecast quarterly loss of over 3 bn euros. It also underlined the challenges it faces trying to turn around the business. In July, Deutsche Bank reported it would lose almost 3 billion euros in ...
24.07.2019 12:00:55

Boris Johnson became a new prime minister of UK

Boris Johnson was elected as a new leader of the British Conservative party and a new British prime minister. He has been the minister of Foreign Affairs for two years — from summer 2016 to summer 2018. Thus, on 24 July 2019 he became ...
24.07.2019 10:00:42

PSA Group sharply increased its profit

French car producer company PSA Group reported a significant profit growth in the first half of the year. Weaker emerging market sales may change because PSA Group defies a global industry downturn. Peugeot’s operating margin lifted ...
24.07.2019 10:00:42

Nissan is going to cut more than 10,000 workplaces

Nissan Motor Co Ltd plans to turn around its business by expanding job cuts to more than 10,000. The corporation’s profit keeps plunging, and Nissan tries to cope with management upheaval. The company’s global plan includes ...
24.07.2019 09:01:19

Brazilian Petrobras Distribuidora’s stock prices set at the level of 24,5 reais

Petrobras Distribuidora, the Brazilian oil company, has priced its next share offering on Tuesday at 24,5 reais per stock. Around 1% discount was added to the offering price to the stock closing on 23 July. Petroleo Brasileiro SA, a parent ...
24.07.2019 09:01:19

Euro beat 2 month low, markets wait for ECB’s next step

The euro hits its 2-month minimum on Wednesday. This time markets waited the ECB’s stance on monetary policy. Expectations were all around interest rates’ decline and global easing tendention. The currency changed its value ...
24.07.2019 08:01:03

U.S. real estate sales dropped more than expected

Home sales in the US reduced in June more than analysts expected. The properties shortage led to the prices growth to its maximum. Experts suggest that the real estate market was fighting to restore its speed. Sales in real estate fell ...
24.07.2019 08:01:02

Asian shares rose on Wednesday, euro hit lows

Asia stocks increased which was caused by changes in U.S.-China relations. At the same time, the euro updated its lows and the ECB is going to ease monetary policy. American Trade Representative is coming to Shanghai next week to meet China’s ...
23.07.2019 14:01:29

Bitcoin is on the threshold of its new increase

The world’s largest cryptocurrency is going to grow next weeks. Past days the coin has lost about 12% and bounced off the previous level twice. In spite of the fact that Bitcoin was falling during almost all June experts hope the ...
23.07.2019 14:01:29

Millions of oil barrels got stuck in China’s ports

Barrels of Iranian oil are offloaded in Chinese ports for storage. Thus, the biggest oil customer now got a hoard of oil near its boundaries. In April, the White House banned the Iranian oil, so the nation’s crude is being sent to China. ...
23.07.2019 14:01:29

Hasbro ended Q2 with revenues that exceeded expectations

Toys producer Hasbro reported Q2 revenues that beat experts’ expectations on Tuesday. It’s also reported that earning topped analysts’ forecasts. The company’s leaders said earning per share was $0,78 while revenues ...
23.07.2019 14:01:29

China has added new rules to regulate the banks ownership

The Chinese government has intensified ownership regulations of commercial banks. The regulators tightened a crackdown on financial risk bounded with the recent state takeover of a regional lender. All commercial banks in China will have to ...
23.07.2019 13:01:11

Supermarkets sales reduced in Britain in annual terms

Grocery sales fell by 0,5% for the first time since 2016. The figure decline was fixed in the latest 12 week period and became the biggest in sector. Kantar, a market researcher said that the decline was caused by the heatwave during this ...
23.07.2019 13:01:10

GBP is ready to fall before no-deal Brexit

Investors worried about pound’s future falling. Boris Johnson is the UK’s new candidate for a prime minister post. There is a lot of expectations of a hard Brexit linked with him. Johnson’s political views could create a big ...
23.07.2019 13:01:10

European shares showed better-than-expected results

European stocks shares increased on Tuesday. Better-than-expected results could have been observed on Wall Street and on Asia stock exchanges. The figures for Halliburton, Swiss bank UBS, and Apple rose, while the European stocks benchmark ...
23.07.2019 13:01:10

The economy of South Korea is going to grow

South Korea may return to economic growth in Q2. A contraction in the first quarter was surprising and happened mainly due to state spendings. The Republic of Korea is estimated to be adjusted by 1% since April in sequential terms. The median ...
23.07.2019 13:01:10

China-U.S. trade conflict led to a sales hit in UK

British sales fell due to a maintaining trade war between China and the United States. The IQE, a semiconductor wafers maker, reports new deals with customers from Asia. They may supply chains and provide bigger volumes. IQE which products ...
23.07.2019 13:01:10

UBS showed its best financial results on Tuesday

The biggest Swiss bank UBS delivered its best results over the last decade in Tuesday. It also said that the profit in its corporate transactions helped maintain revenues in investment banking. UBS CEO suggested that diversification had ...
23.07.2019 13:01:08

Dollar rose to its two-week maximum

Donald Trump and the leaders of Congress reached a deal on Monday on the debt limit. Fears of government default disappeared while the greenback surpassed its two-week high. Dollar added 0,24% while most of other currencies fell down. Thus, ...
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