Financial news

18.05.2018 11:00:10

British Prime Minister said that Britain would leave the Customs Union after Brexit

British Prime Minister, Teresa May, said at a European summit in Sofia that London would not apply to the European Union with a request to extend the country's membership in the Customs Union after the exit from the EU. The prime minister said: ...
18.05.2018 11:00:10

Revenue of Moeller-Maersk grew by more than 30% in the first quarter

Net profit of the Danish transport company Moller-Maersk, the world leader in the field of container transportation, in the first quarter increased to 2 billion 475 million dollars from 245 million dollars a year earlier. EBITDA increased to ...
18.05.2018 10:00:11

Chinese regulator has approved a deal to buy a Toshiba unit by a consortium of investors led by Bain Capital

The Chinese antitrust regulator approved a deal to acquire the Toshiba chip manufacturing unit by a consortium of investors led by the US private equity fund, Bain Capital. This was written by The Wall Street Journal with reference to an informed ...
18.05.2018 10:00:11

Foreign direct investment in China declined by 1.1% in April

In April of this year, foreign direct investment in the non-financial sector of mainland China declined by 1.1% year-on-year to 59.24 billion yuan, data of the Ministry of Commerce said. The indicator contracted for the first time since December ...
17.05.2018 12:00:18

British Burberry increased annual profit by 4%

British company Burberry, one of the world's leading manufacturers of luxury goods, for the fiscal year ended March 31, increased its operating profit by 4% to 410 million pounds. Pre-tax profit was 413 million pounds, increased by 5%. The ...
17.05.2018 12:00:18

Production of oil and condensate in Norway decreased by 1.8% in April

In April, Norway reduced oil and condensate production by 1.8% compared to the previous month to 1 million 868 thousand barrels per day, the Norwegian Petroleum Directorate said. In annual terms, production fell by 11.6%. For a month, sales ...
17.05.2018 12:00:18

Price growth for new housing in China accelerated in April

Prices for new housing in 70 major cities in China increased by 0.6% in April compared to March, when growth was 0.4%, according to the Wall Street Journal, based on data from the Office for National Statistics of China. In annual terms, the ...
17.05.2018 12:00:17

Annual inflation in the eurozone was 1.2% in April

In April 2018, consumer prices in the euro area rose by 1.2% in annual terms and by 0.3% compared to March, when the annual inflation of 1.3% was recorded, the final data of the Statistical Office Eurostat showed. The indicators coincided with ...
17.05.2018 12:00:17

IEA lowered forecast of global oil demand for this year by 100 thousand barrels per day

The International Energy Agency lowered the forecast of the global oil demand for 2018 by 100 thousand barrels per day to 99.2 million barrels per day. The agency's report says that demand in 2018 has been revised downwards by 60,000 barrels ...
16.05.2018 12:00:19

Comparable sales of Home Depot were lower than forecasts in the first quarter

Comparable sales of Home Depot, the largest US chain of stores selling tools for repair and building materials, in the first quarter ended April 29, 2018, for the first time in the last 7 quarters did not reach Wall Street forecasts. The reason ...
16.05.2018 12:00:19

Pre-tax profit of Commerzbank decreased by 12% for the first quarter

The profit of German creditor Commerzbank before taxes in the first quarter fell by 12% to 289 million euros due to weak markets and increase in bank expenses, although Commerzbank's efforts are aimed at restructuring. Analysts had expected ...
16.05.2018 10:00:11

Oil prices rose amid continuing clashes in the Middle East

On Tuesday, Brent crude oil exceeded $79 per barrel for the first time since November 2014 amid continuing clashes in the Middle East. Investors remain focused on riots in the gas sector and the expected consequences of US sanctions against ...
16.05.2018 10:00:11

German investor confidence in the country's economy remained in May at the level of April

In May this year, the index of investors 'and analysts' expectations for Germany's economy for the next six months amounted to minus 8.2 points, maintaining the level of April, data of the ZEW research institute showed. The May value of the ...
16.05.2018 10:00:11

Growth in industrial production in the eurozone in March was 0.5%

In March 2018, industrial production in the euro area increased by 0.5% compared to February, when the figure fell by 0.9%, according to the data of the Statistical Office Eurostat. In annual terms, the volume of industrial production in the ...
16.05.2018 10:00:11

Eurozone GDP grew by 0.4% in the first quarter

Eurozone GDP in the first quarter grew by 0.4% compared to the previous quarter, which was the weakest economic growth since the third quarter of 2016, according to the final data of the Statistical Office Eurostat. In annual terms, the economy ...
16.05.2018 10:00:11

Unemployment in the UK was 4.2% in the first quarter

In the first quarter of 2018, unemployment in the UK, calculated according to the methodology of the International Labor Organization, was 4.2%, which is the lowest level since 1975, the Office for National Statistics reported. The level of ...
16.05.2018 10:00:11

China housing sales growth has slowed to 9.5% from January to April

The growth in sales of residential property in China in the first 4 months of the year slowed to 9.5% compared to the same period last year to 3 trillion 60 billion yuan amid tightening requirements in the field of mortgage lending. This is ...
16.05.2018 10:00:11

Green economy will help create 24 million new jobs by 2030

The measures taken in the world, aimed at the transition to an ecologically clean economy and the retention of global warming within 2 degrees Celsius, will create 24 million new jobs by 2030, according to the report of the International Labor ...
16.05.2018 10:00:11

Net profit of Raiffeisen Bank increased by 81% in the first quarter

Austrian Raiffeisen Bank International in the first quarter increased its net profit by 81% due to a reduction in the volume of problem loans, the finversia.ru project wrote with reference to the bank's accounts. Quarterly consolidated net ...
15.05.2018 12:00:35

Bank of France expects the country's economy to grow by 0.3% in the second quarter

The Bank of France predicts that in the second quarter of 2018 the country's GDP will grow by 0.3%, maintaining the growth rate of the first quarter. The forecast of the Bank of France is based on the data of a monthly survey, which makes it ...
15.05.2018 12:00:35

In January-April, China's budget revenues grew by 12.9%

For the period from January to April 2018, China's budget revenues increased by 12.9% year-on-year to 6.9 trillion yuan, the country's Finance Ministry said. Revenues from goods and services collection increased by 18.4%, corporate income tax ...
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