Financial news

15.07.2019 12:01:10

Growth in industrial production in the euro area exceeded forecasts in May

In May, data from Eurostat indicated the faster pace of recovery of industrial production in the euro area than it was expected. May growth compared to the previous month was recorded at 0.9% after the April decline of 0.4%. Experts had expected ...
15.07.2019 12:01:09

Volkswagen and Ford will spend billions of dollars on the joint development of self-driving cars

Under the partnership agreement, automakers - American Ford Motors and German Volkswagen - intend to invest billions of dollars in the joint development and production of electric and self-driving cars. The acquisition by the German company ...
15.07.2019 12:01:09

Daimler recorded a net loss of 1.6 billion euros in the second quarter

The German car manufacturer Daimler in the second quarter of 2019 recorded a net loss of $1.6 billion. According to the results of the same period a year earlier, the automobile company reported a net profit of 2.6 billion euros. Defective ...
15.07.2019 12:01:09

Facebook faces a $5 billion fine

Facebook may face a $5 billion fine, The Wall Street Journal reports. The US Federal Trade Commission has accused the company of leaking user data. An investigation has shown that in 2018, the British company Cambridge Analytica received data ...
15.07.2019 12:01:09

Fitch downgraded Turkey to “BB-“

Fitch revised the rating of Turkey. It has been lowered from “BB” to “BB-“. The forecast is negative. The factors that influenced the decision were reported in the message. The main reasons for the downgrade were the ...
12.07.2019 14:01:18

German inflation rate confirmed at 1.6% in June

In June, the German Statistical Office Destatis recorded inflation at 1.6% in the country. Regarding the May consumer price increase of 1.4%, annual inflation accelerated last month, confirming economists' forecasts. Prices in monthly terms ...
12.07.2019 14:01:18

Fed Chairman asked Facebook to clarify a number of important questions about Libra project

Speaking at a meeting of the US House of Representatives Committee, Jerome Powell, the head of the Federal Reserve System, said that the launch of the Facebook project to create Libra, its own cryptocurrency, should be postponed until all the ...
12.07.2019 14:01:17

Delta Air Lines reported the results of the second quarter

The American airline Delta Air Lines has published a report on financial results for the second quarter of this year. Relative to the same period last year, its net profit jumped by 39%, reaching $1.44 billion at the end of the earnings period. ...
12.07.2019 14:01:17

Chinese ZTE launches its cybersecurity lab in Europe

The Xinhua News Agency announced the opening of a cybersecurity lab in Brussels by the Chinese telecommunications company ZTE. During the opening ceremony, a spokesman for ZTE, Zhong Hong, said that representatives from all countries of the ...
12.07.2019 14:01:17

Belgium reduced diamond imports by 26% in monetary terms in the first half of the year

Belgium, which is the largest center for trading precious stones in the world, purchased rough diamonds worth $4.36 billion for the period from January to June, which is 26% less than the same period last year. Diamond imports by volume fell ...
12.07.2019 14:01:17

US inflation slowed to 1.6% in June

The US Department of Labor reported that in June, consumer prices in the country increased by 0.1% compared to May when their rise was also noted by 0.1%. The June price increase corresponds to the market forecast. In annual terms, prices rose ...
12.07.2019 13:01:11

Inflation in France accelerated in June to 1.2%

In June, the annual consumer price inflation in France, according to the final estimate of the Insee statistics, was 1.2%. Compared with May, when it was at the level of 0.9%, inflation accelerated, coinciding with the market estimate. This ...
12.07.2019 13:01:11

Equinor to build the world's largest floating wind power plant in South Korea

The Norwegian oil and gas company Equinor has entered into an agreement with South Korea's Korea East-West Power to build Donghae 1, the floating wind farm in South Korea, which will be the first in Asia. The message from the Norwegian company ...
11.07.2019 15:00:58

Industrial production in the UK exceeded forecasts in May

In May of this year, the Office for National Statistics recorded an increase in industrial production in the UK by 1.4% compared to April, when it fell by 2.9%. Forecast by economists suggested an increase of 1.5%. Compared with the same month ...
11.07.2019 15:00:58

US announces significant relaxation of Huawei ban

The Trump administration has announced a significant relaxation of its restrictions on US companies selling to Huawei, saying the ban will only apply to products that are related to national security. According to The Financial Times, in other ...
11.07.2019 15:00:58

Airbus can bypass Boeing in the number of aircraft deliveries in 2019

One of the largest aircraft manufacturing companies in the world, Airbus, in the first half of this year, increased deliveries of aircraft by 28% compared to the same period last year. The figure reached 389 aircraft, indicating that in 2019 ...
11.07.2019 14:00:57

France introduces eco-tax on flights from 2020

The French government plans to increase the environmental tax on airline tickets, starting in 2020, Deutsche Welle reported. The new environmental fee will vary from 1.5 to 18 euros, depending on the type of ticket. So, the tax for economy ...
11.07.2019 13:01:26

The European Commission raised its forecast for Lithuanian economic growth in 2019 to 3.1% from 2.7%

The European Commission has revised its growth forecasts regarding the Baltic countries for the current year. Its outlook for Lithuania has been improved to 3.1% from a May estimate of 2.7%. The EC noted the continuing immunity of Lithuanian ...
11.07.2019 13:01:26

EC worsens the euro area and EU GDP growth forecast for 2020

The European Commission announced a downward revision of the GDP growth forecasts of the euro area and the European Union for 2020. Now, the EC expects the euro area economy to grow by 1.4% next year, rather than by 1.5%, as previously predicted. ...
10.07.2019 15:01:08

BASF worsened revenue forecast for 2019

The world's largest chemical concern BASF announced that by the end of the current year it expects a decline in revenues and profits instead of the previously projected growth. The deterioration of the forecast is based on the fact that the ...
10.07.2019 15:01:08

Geely expects a 40% decline in profit in the first half of the year

The Chinese company Geely, specializing in the production of cars of well-known brands, said that it expects weak financial indicators for the first half of the year, which is explained by the weakening of the Chinese automobile market. According ...
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