Financial news

03.07.2019 14:01:01

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 ...
02.07.2019 13:01:08

South Korea's exports fell in June for the seventh consecutive month

South Korea in June reduced exports by 13.5% compared to the same month last year to $44.18 billion, official data showed. The decline in exports has been observed in the country for the past seven months, which is caused by lower prices for ...
02.07.2019 13:01:07

Gold has fallen in price to a minimum level for the year against the backdrop of the truce between the US and China

The leaders of the United States and China during their meeting at the G20 summit in Osaka managed to reach an agreement on an armistice in a trade war between these world's largest economies. Information about this, as well as the fact that ...
02.07.2019 13:01:07

The optimism of Japanese companies fell to a minimum level in almost 3 years

The level of confidence of Japanese companies in the processing industry to the country's economy dropped in the second quarter to its lowest level since the third quarter of 2016. According to the Bank of Japan, the Japanese Tankan index was ...
02.07.2019 13:01:07

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 ...
02.07.2019 12:01:27

The euro area recorded in May the lowest unemployment rate since July 2008

According to Eurostat, unemployment in the euro area was 7.5% in May, the lowest level since July 2008. Economists had predicted that the index in May would remain at the April's level of 7.6%. A total of 12.348 million unemployed people were ...
02.07.2019 08:01:09

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 ...
02.07.2019 08:01:09

Renewable electricity production in the United States surpassed coal generation for the first time

The Energy Information Administration of the United States Department of Energy reported that in April, the use of renewable sources for generating electricity in the country for the first time exceeded the use of coal. In total, its production ...
02.07.2019 08:01:09

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 ...
27.06.2019 15:00:56

British employers' confidence in the country's economy improved in June

The Recruitment & Employment Confederation surveyed British employers, the results of the survey showed that their confidence in the UK economy improved significantly due to the postponement of the Brexit deadline from March 29 to October ...
27.06.2019 15:00:56

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, ...
27.06.2019 15:00:56

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 ...
27.06.2019 15:00:56

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 ...
27.06.2019 15:00:56

The price of Bitcoin has grown by more than 200% since December 2018

During trading on Wednesday, the Bitcoin rate was 12 thousand 900 dollars, an increase of 14%. Since December 2018, its price jumped more than 200%. In connection with the increased enthusiasm of investors, caused by plans to launch Facebook's ...
27.06.2019 14:01:02

The escalation of the conflict between the US and China will lead to a slowdown in the global economy, Fitch predicts

Experts of the international rating agency Fitch calculated the likely losses for the global economy, the economies of the United States and China from the introduction of the US 25 percent duty on Chinese imports in the amount of 300 billion ...
27.06.2019 14:01:02

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 ...
27.06.2019 14:01:01

Deliveries of wearable devices in Europe grew 2.2 times in the first quarter

In the first quarter, 10 million wearable devices were delivered to the European market. As reported by the International Data Corporation, the rate for the year increased by 118.5%. Headphones accounted for 40.1% of total supplies. The share ...
26.06.2019 11:01:02

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 ...
26.06.2019 11:01:02

Steel production in the world since the beginning of the year increased by 5%

The World Steel Association reported that from the beginning of the year to May, the world produced 764.072 million tons of steel. Compared with the same period in 2018, its volume increased by 5%. The increase in steel output was recorded ...
26.06.2019 11:01:02

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 ...
26.06.2019 11:01:02

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 ...
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