Financial news

10.05.2019 09:00:53

The growth of the US trade deficit in March was lower than expected

The US trade deficit in March amounted to $50 billion, an increase from $49.3 billion in February, the country's Department of Commerce reported. The figure was less than $50.2 billion, predicted by economists. The USA exported goods in March ...
08.05.2019 10:00:27

March growth in industrial orders in Germany did not reach forecasts

According to the preliminary data of Destatis, the volume of production orders in Germany increased by 0.6% in March compared to February, when the decline was recorded at 4%. March growth did not reach the forecasts of experts at 1.5% and ...
08.05.2019 10:00:26

Car sales in the UK fell in April

The SMMT reported that in April of the current year in the UK 161 thousand 64 new cars were registered, which is 4.1% less than a year earlier. The April figure was the second lowest since 2012. At the same time, sales to private motorists ...
08.05.2019 10:00:26

The European Commission predicts a slowdown in Russia's GDP growth in 2019 to 1.5%

The European Commission lowered the forecast for economic growth in Russia for 2019 from 1.6% to 1.5%. For 2020, the growth forecast is maintained at 1.8%. Thus, the European Commission expects this year a slowdown in Russia's GDP growth compared ...
08.05.2019 10:00:26

The European Commission has worsened the assessment of eurozone GDP growth for 2019 and 2020

The new forecast of the European Commission suggests that in 2019, the eurozone economy will increase by 1.2%, whereas, according to its February forecast, a rise of 1.3% was expected. The report notes that uncertainty persists in global markets, ...
08.05.2019 09:00:29

BMW net profit in the first quarter fell 4 times

German carmaker BMW reported weak financial results for the first quarter of 2019. Net profit, recorded in the amount of 561 million euros, fell over the year by 75%. Experts had expected it to fall even more - to 489 million euros. Pre-tax ...
08.05.2019 09:00:29

Philadelphia Head of the Federal Reserve Bank expects one rate increase in 2019

The US Federal Reserve may raise the rate once in 2019 and once in 2020, Patrick Harker, head of the Federal Reserve Bank of Philadelphia, says. However, the Fed leadership in general does not expect a rate hike this year. According to Harker, ...
08.05.2019 09:00:29

AB InBev quarterly profit increased 3.5 times

Brewing corporation AB InBev, following the results of the first quarter, reported about the growth of net profit 3.5 times compared to the same period a year earlier to $3.57 billion. EBITDA, which does not take into account one-time factors, ...
08.05.2019 09:00:29

Business activity in the manufacturing sector of Japan increased for the first time in 3 months

The manufacturing sector in Japan has increased business activity for the first time in the last 3 months. According to Markit/Nikkei, in April, the purchasing managers index in the industrial sector of Japan rose to 50.2 points from 49.2 points ...
08.05.2019 09:00:29

Australia's central bank keeps rates low

Following the meeting on May 7, the Reserve Bank of Australia did not change the base interest rate, leaving it at a record low level of 1.5% per annum. Analysts had expected easing of the monetary policy of the Australian Central Bank amid ...
08.05.2019 09:00:29

Henkel financial performance in the first quarter was worse than expected

German Henkel, producing goods for the consumer market, reported weak results for the first quarter, which did not reach the market forecasts. Net income per share amounted to 1.34 euros, a decrease of 6% over the year. Sales increased by 0.7% ...
07.05.2019 10:00:33

Swiss Re in the first quarter reduced its net profit by 6.1%

The Swiss reinsurance company Swiss Re reported in the first quarter about a decrease in net profit by 6.1% compared to the same period a year earlier to $429 million. According to economists, it was expected to grow to 657 million dollars. ...
07.05.2019 10:00:33

Indonesia's GDP grew by 5.1% in the first quarter

Indonesia's GDP growth in the first quarter of this year was 5.07% compared to the same period a year earlier, official data showed a slowdown compared with a rise of 5.18% in the previous quarter. According to experts, it was expected to maintain ...
07.05.2019 10:00:33

Berkshire Hathaway's operating profit in the first quarter increased by 5%

American investment company Berkshire Hathaway, which is owned by billionaire Warren Buffett, reported that in the first quarter its operating profit amounted to 5.56 billion dollars, an increase of 5% over the year. At the end of the quarter, ...
07.05.2019 10:00:33

The growth of activity in the service sector of China accelerated in April

In April, China recorded an acceleration in business activity in the service sector, helped by a significant increase in new orders. According to Caixin Media and IHS Markit, the PMI in the services sector was 54.5 points, up from 54.4 points ...
07.05.2019 10:00:33

Volkswagen reduced quarterly profit by 7.5%

The quarterly report of the German car manufacturer Volkswagen showed a decrease in net profit in the first quarter by 7.5% compared to the same period a year earlier to 3.05 billion euros. As noted in the company's message, deductions to reserves ...
07.05.2019 10:00:33

Eurozone recorded in April a minimum growth in business activity in three months

In April, business activity in the eurozone grew at the lowest pace in the last 3 months. Research company IHS Markit reported that the corresponding index calculated by its specialists was 51.6 points, rising from 51.5 points in March. Nevertheless, ...
07.05.2019 10:00:33

Ukraine's GDP, according to the Ministry of Economic Development and Trade, grew by 2.2% in the first quarter

The Ministry of Economic Development and Trade of Ukraine reported preliminary data on the country's GDP growth in the first quarter, according to which the Ukrainian economy grew by 2.2% in annual terms, slowing growth rates compared to a ...
07.05.2019 10:00:33

The price of benchmark crudes dropped to a minimum of five weeks

US President Donald Trump wrote on Twitter about his intention to raise duties on Chinese exports of $200 billion in total from 10% to 25%. This statement influenced the dynamics of oil prices on Monday. By 15:16 Moscow time, their cost dropped ...
07.05.2019 10:00:33

The minimum wage in the United States reached the highest level ever

Economist Ernie Tedeschi, who heads the tax analysis department of investment and consulting firm Evercore and previously worked in the US Treasury, believes that the minimum wage in the United States could reach the highest level in history ...
07.05.2019 10:00:33

Global sales of semiconductors in the first quarter fell by 13%

The Semiconductor Industry Association reported a decrease in sales of semiconductors in the world for the third month in a row. In the first quarter, sales were recorded at $96.8 billion, their decline in annual terms was 13%. The fall of ...
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