UK house price growth slowed in June
The National Building Society reported the slowdown in housing prices in the UK in June. Compared with June of last year, prices rose by 0.5% against an increase of 0.6% in May. At the same time, economists had expected an even greater slowdown ...
Business activity in China’s industrial sector declined in June
Business activity in the processing industry of China remained weak in June. According to official data, the corresponding PMI did not rise above 50 points, retaining the value of May at 49.4 points. Thus, the weakening of activity is observed ...
Nike fourth-quarter net profit fell 13%
The American company Nike, which manufactures sportswear and footwear, following the results of the 4th financial quarter till May 31, reduced its net profit by 13% compared to the same period a year earlier to $989 million. Earnings per share ...
Apple moves Mac Pro computer production to China
American Apple is preparing to transfer the production of Mac Pro computers, which cost 6 thousand dollars, from the USA to China, sources familiar with the situation informed The Wall Street Journal. Apple signed a contract with Taiwanese ...
Consumer confidence in France reached a 14-month high
Consumer confidence in France improved in June to a 14-month high. Such data was published by the French statistical office Insee. The corresponding index was 101 points, having increased from May value of 99 points. According to economists, ...
German consumer confidence index to fall in July
In July, consumer confidence in Germany is expected to deteriorate, according to a survey by research firm GfK. The consumer sentiment index was 9.8 points, down from the June value of 10.1 points. In June, there was a stabilization of economic ...
Apple buys autonomous vehicle startup Drive.ai
Axios announced the acquisition of Drive.ai, a manufacturer of systems for unmanned vehicles, by the American company Apple. The agency received confirmation from Apple of this acquisition, but the corporation did not disclose how much the ...
FedEx reported quarterly loss amid slowing global growth
The report of the FedEx Corporation, which provides logistics services worldwide, for the fourth fiscal quarter to May 31 showed that its net loss was $1.97 billion, whereas a year earlier it reported a net profit of $1.13 billion. Adjusted ...
Libra may be viable, according to Fitch
Experts of the international rating agency Fitch believe that Libra, Facebooks' cryptocurrency, the launch of which is expected in 2020, may be viable. After analyzing the possibilities of a new digital currency, the agency indicated that Libra ...
Manufacturing confidence in France worsened in June
In June, manufacturing confidence in France weakened amid a decline in external demand and weak manufacturing prospects in the country. A report of Insee revealed a decline in the index of industrial relations to 102 points from the May value ...
New Zealand's trade balance surplus fell in May
The trade balance surplus of New Zealand in May of this year was reduced to 264 million NZD from 383 million NZD in April, according to official statistics. Growth in exports by 8.5% over the year to 5.81 billion New Zealand dollars exceeded ...