Financial news

09.07.2019 13:00:54

Turkmenistan's GDP grew by 6.2% in the first half of the year

The economy of Turkmenistan in the first half of 2019 grew by 6.2% due to a stable fiscal and monetary policy. During this period, there was an increase in state budget revenues and investments. Speaking at a government meeting, Ggurbanguly ...
09.07.2019 13:00:54

China's foreign exchange reserves exceeded forecasts in June

China has the largest foreign exchange reserves in the world. According to the People’s Bank of China, in June their volume increased by $18.23 billion compared to May, reaching $3 trillion 119.23 billion. This is the highest figure since ...
09.07.2019 13:00:54

Deutsche Bank announced the implementation of the largest business transformation

Deutsche Bank announced the largest business transformation, aimed at increasing the bank’s profitability and the profitability of its shareholders. By 2022, the bank plans to significantly reduce investment banking operations and annual ...
09.07.2019 12:00:58

Sales of cars in China rose in June for the first time since May 2018

The China Passenger Car Association reported an increase in domestic car sales of 4.9% in May compared with the same month last year. In total, 1.8 million cars were sold in the country. In previous months, the association recorded a drop in ...
08.07.2019 14:00:58

The budget deficit of India in this fiscal year will be 3.3% of GDP

The budget plan of India for the fiscal year, which began on April 1, was submitted by the government to the country's parliament. It provides for expenses at the level of 410 billion dollars. Due to the growth in spending by 13%, the budget ...
08.07.2019 14:00:57

The Fed is ready to lower rates to support the economy

Against the background of increased uncertainty regarding forecasts for the US and world economy, the Federal Reserve announced that, if necessary, it would be ready to move to lower interest rates. The Fed notes a slowdown in US GDP growth ...
08.07.2019 14:00:57

The number of jobs in the US exceeded forecasts in June

In June, the growth in the number of jobs in the United States exceeded market forecasts. As shown by the data of the country's Ministry of Commerce, 224,000 more jobs, compared to April, were created in the American economy. According to economists, ...
08.07.2019 14:00:57

The Chinese analog of Nasdaq will start working on July 22

The launch of the Chinese stock exchange for technology companies is scheduled for July 22 this year. The exchange will work by analogy with the American Nasdaq. The Chinese authorities hope that its launch will contribute to the fact that ...
08.07.2019 14:00:57

Jaguar Land Rover invests £ 1 billion to build electric vehicles in the UK

The British car manufacturer Jaguar Land Rover has announced that the next generation of its zero-emission cars would be manufactured at its plants in the UK. To implement this goal, it intends to invest about 1 billion pounds. The company ...
08.07.2019 14:00:57

Experts predict a further increase in the cost of palladium

Since the beginning of 2019, palladium has risen in price by 30%. In January, its price reached the highest level among all precious metals for the first time since 2002, surpassing the price of gold. In June, its price increased by 16% and ...
05.07.2019 15:01:00

Retail sales in the euro area declined in May

According to Eurostat, in May, retail sales in the euro area dropped by 0.3% after their decline by 0.1% in April. For economists, this was a surprise, since their forecast suggested a growth rate of 0.3%. Compared to the same month last year, ...
05.07.2019 15:01:00

Retail sales in Australia rose by 0.1% in May

Australian retail sales rose 0.1% in May after rising 0.1% in April, the Australian Bureau of Statistics reported. Experts had expected a monthly increase of 0.2%. Based on weak retail sales growth in May, Marseil Tieliant, an economist at ...
05.07.2019 15:01:00

Experts expect the pound sterling to grow by 6% by the end of the year

The Swedish banking company, Svenska Handelsbanken, believes that the UK exit from the EU can be postponed for a third time, which will affect the rate of the British national currency. According to the bank, by the end of the year, a pound ...
04.07.2019 11:01:04

Business activity in the service sector of China grew in June at the slowest pace in 4 months

The service sector of China recorded in June the lowest growth in business activity for 4 months. A survey conducted by Caixin Media and IHS Markit showed that the PMI was 52 points, down from the May value of 52.7 points. Government policies ...
04.07.2019 11:01:04

Service activity in the UK declined in June

Research company IHS Markit reported a decrease in the index of business activity in the UK services sector in June to 50.2 points from the May value of 51 points. Over the past three months, the June value of the index was the lowest. Economists ...
04.07.2019 10:01:06

The Ministry of Finance of South Korea lowered the forecast for GDP growth for 2019 to a minimum level of seven years

The Ministry of Economy and Finance of South Korea has worsened the forecast for economic growth in the country for 2019. The agency expects the rise to be between 2.4% and 2.5%. Previous growth estimates ranged from 2.6% to 2.7%. Thus, the ...
04.07.2019 10:01:05

Tesla shipments rose by more than 50% in the second quarter

In the second quarter, supplies of Tesla electric vehicles reached a record level of 95.2 thousand cars. The figure jumped 51.1% from the first quarter, exceeding the economists' estimate of 91 thousand cars. The quarterly sales figure includes ...
04.07.2019 10:01:05

Business growth in the euro area accelerated in June to a maximum level since November 2018

According to the IHS Markit, in June the euro area showed the highest business growth since November 2018. The corresponding composite index was 52.2 points last month. Its value has grown relative to the May level of 51.8 points. In the services ...
03.07.2019 14:01:01

Australian Central Bank lowered the rate to a record low of 1%

At the end of the July meeting, the Reserve Bank of Australia lowered its key interest rate to a record low of 1%. A month earlier, the Australian regulator decided to lower the rate for the first time in 3 years. Then it was reduced by 0.25 ...
03.07.2019 14:01:01

Producer prices in the euro area fell in May by 0.1%

Producer prices in the euro area fell in May by 0.1% compared to April, when they decreased by 0.3%, Eurostat reported. Compared with May of last year, the figure increased by 1.6%. Energy sector companies reduced prices by 0.6% over the month. ...
03.07.2019 14:01:01

Business activity in the UK construction sector fell in June at the fastest pace since 2009

Analytical company IHS Markit has surveyed the leaders of British construction companies, the results of the survey indicated the most significant decline in business activity in the sector in 10 years. The corresponding index, calculated by ...
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