Financial news

06.05.2019 13:01:08

Fiat Chrysler reduced quarterly profit by 47%

Fiat Chrysler Automobile reported weak financial results for the first quarter, but confidently confirmed its forecasts for the current year. The quarterly report of the Italian-American company showed a decrease in net profit by 47% from the ...
06.05.2019 13:01:08

Unemployment in the US fell in April to the minimum level since 1969

Data from the US Department of Labor on the state of the US labor market in April indicated an increase in the number of jobs in the country by 263,000, after increasing by 189,000 a month earlier. The April figure significantly exceeded the ...
06.05.2019 13:01:08

The Norwegian Pension Fund made record returns in the first quarter

According to the results of the first quarter, the Norwegian State Pension Fund reported on the largest volume of profit from investments in NOK in its history. The indicator reached 9.1%. At the end of last year, the first net loss of a Norwegian ...
06.05.2019 13:01:08

Air France-KLM recorded a quarterly loss growth of 19%

Air France-KLM, the largest in Europe airline, in the first quarter recorded a net loss increase of 19% compared with the same quarter last year to 320 million euros. At the same time, the operating loss amounted to 303 million euros, having ...
06.05.2019 13:01:08

Eurozone inflation accelerated in April to 1.7%

According to a preliminary estimate of Eurostat, the annual consumer price growth in the eurozone accelerated in April to 1.7% from 1.4% in March. At the same time, economists predicted annual inflation at 1.6% last month. The inflation rate, ...
06.05.2019 13:01:08

British bank HSBC increased quarterly profit by one third

The net profit of the British bank HSBC in the first quarter amounted to 4.13 billion dollars, an increase of 33.7% over the year. This was facilitated by the growth of the adjusted pre-tax profits of the retail banking and wealth management ...
06.05.2019 13:01:08

Business activity in the US service sector unexpectedly fell in April

In April, a slowdown in business activity was recorded in the US services sector. According to the Institute for Supply Management ISM, processing the data of US companies representing 62 segments of the service sector, the corresponding index ...
06.05.2019 13:01:08

Net profit of Societe Generale in the first quarter decreased by 26%

French bank Societe Generale, following the results of the first quarter, reported the fall in net profit by 26% to 631 million euros, which, however, surpassed the figure predicted by economists in 558 million euros. Revenue at 6.19 billion ...
06.05.2019 13:01:08

Adidas net profit increased by 17.1% in the first quarter

The German sporting goods manufacturer Adidas reported that in the first quarter its net profit increased by 17.1% relative to the same period a year earlier, reaching 632 million euros. The index exceeded the forecasts of economists, who had ...
06.05.2019 13:01:08

Demand for gold in the world grew in the first quarter by 7%

In the first quarter of this year, the demand for gold in the world compared to the same period last year showed an increase of 7%, amounting to 1,053.3 tons. As reported by the World Gold Council, the quarterly growth rate was recorded due ...
26.04.2019 10:00:31

Bayer reduced net profit by 36.5% in the first quarter

According to the results of the first quarter, pharmaceutical concern Bayer reported revenue growth and lower profits. The quarterly report of the German company showed that due to the costs associated with the restructuring and acquisition ...
26.04.2019 10:00:31

Net profit of United Parcel Services in the first quarter decreased by 17.4%

The world's largest express delivery service, United States company United Parcel Service, following the results of the first quarter, reported the decline in net profit due to the costs of business reorganization, as well as due to bad weather ...
26.04.2019 09:00:26

Tesla finished the first quarter with a loss and revenue worse than forecasts

The American company Tesla, specializing in the production of electric cars and solar panels, reported a net loss of $702,135,000 in the first quarter of 2019. The index slightly decreased compared with a loss of 709 million 551 thousand dollars ...
26.04.2019 09:00:26

Microsoft reported strong quarterly results

The financial results of the world's largest software maker Microsoft in the third fiscal quarter ended March 31 were higher than market forecasts. The company recorded net profit growth of 18.7% from the same period of the previous year to ...
26.04.2019 09:00:26

Quarterly profit of Facebook reduced by half

American Facebook, which owns the world's largest social network of the same name, reported that in the first quarter its net profit due to payments made for possible payments fell by 51% compared to the same period last year to 2,430 million ...
26.04.2019 09:00:26

The Bank of Japan, following the April meeting, did not change the key parameters of monetary policy

At the end of the April meeting, the Bank of Japan announced its intention to keep the rate “extremely low” at least until spring of 2020. The bank first indicated the date until which this level would be maintained. The Japanese regulator ...
26.04.2019 08:00:35

South Korea's economy shrunk by 0.3% in the first quarter

The Bank of Korea published preliminary data on the state of the economy in the first quarter, which showed a decline in GDP by 0.3% compared to the fourth quarter of last year and its growth by 1.8% compared with the same quarter a year earlier. ...
26.04.2019 08:00:35

Swiss bank UBS in the first quarter reduced its net profit by 27%

Switzerland's largest bank UBS, following the results of the first quarter, reported that net profit fell by 27% from the same period a year earlier to $1 billion 141 million. Economists had expected a further fall in the index - up to $900 ...
26.04.2019 08:00:35

Visa quarterly profit jumps 14%

American company Visa in the second fiscal quarter, which ended in March, recorded a net profit of $2 billion 977 million, which is 14.3% higher than the same period of the previous year. Earnings per share were at the level of 1 dollar 31 ...
26.04.2019 08:00:35

Deutsche Bank and Commerzbank terminate merger talks

Commerzbank reported on a decision taken jointly with Deutsche Bank to terminate negotiations on merging the operations of two German financial institutions, as their specialists, after careful analysis, concluded that “the merger does not ...
25.04.2019 14:00:33

Saudi Arabia recorded a budget surplus for the first time since 2014

During a financial summit held in Riyadh on Wednesday, Saudi Finance Minister Mohammed al-Jadaan reported that following the results of the first quarter, the country recorded a budget surplus of 27 billion 800 million Saudi riyals for the ...
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