Financial news

15.05.2018 12:00:35

US demands during NAFTA negotiations may not be sufficient to return jobs to the country's automobile sector

During negotiations on the North American Free Trade Agreement, US demands may not be enough to return jobs to the automobile sector of the country, Reuters reports. Mark Wakefield from the consulting company AlixPartners notes that the increase ...
15.05.2018 11:00:31

Excess capacity threatens the shares of China's steel producers

The market valuation of steel companies in China is affected by expectations of the recovery of steel production and signs of a weakening demand in the country. Steel prices in China this year fell after a 2-year rapid growth. Shares of most ...
15.05.2018 10:00:27

Net profit of China's commercial banks rose by 5.86% in the first quarter

The net profit of China's commercial banks in the first quarter of this year increased by 5.86% to 522 billion 200 million yuan. The growth of the index accelerated compared to the rise of 1.25% a year earlier, according to the State Committee ...
15.05.2018 10:00:27

Chinese corporation CTG intends to acquire the Portuguese EDP

Chinese state corporation Three Gorges announced its readiness to acquire the largest Portuguese company Energias de Portugal (EDP) for 9 billion 70 million euros. Chinese CTG already owns a 23 percent stake in EDP, which produces and distributes ...
15.05.2018 10:00:27

Thailand legalized operations with cryptocurrencies

In Thailand on May 13, the law, regulating the turnover of cryptocurrencies and digital assets, came into force, the finversia.ru project reported. The law obliges all persons engaged in the sale of cryptocurrency to obtain registration within ...
15.05.2018 10:00:27

HSBC conducted the world's first financial transaction using a blockchain

One of the largest financial conglomerates of the world, HSBC Holdings, held the world's first commercial finance transaction based on the blockchain technology. HSBC reported that it, together with ING, successfully completed the transaction ...
15.05.2018 10:00:27

Oil started to grow on OPEC statements

Oil prices moved to growth after the statement of the Organization of the Petroleum Exporting Countries on its readiness to support the stability of the oil market. In its monthly report, OPEC noted that inventory levels in OECD countries declined ...
15.05.2018 10:00:27

Electricity consumption in China increased by 7.8% in April

One of the main parameters for assessing economic activity in China is the consumption of electricity in the country. This figure in April 2018 compared with the same month last year increased by 7.8% and amounted to 521 billion 700 million ...
14.05.2018 09:00:10

Mario Draghi noted the importance of creating a single budgetary fund in the euro area to deal with crises

President of the European Central Bank, Mario Draghi, noted the importance of creating a fund in the euro area that would allow euro zone states to resist future crises, Bloomberg reports. Speaking at the event in Florence, he said: 'The goal ...
14.05.2018 09:00:10

Oil finished last week in positive territory

Oil prices finished last week at the maximum levels since November 2014: Brent went up by 3.4%, WTI - by 2.2%. The rise in prices was facilitated by the US decision to withdraw from the agreement on Iran's nuclear program, which would lead ...
14.05.2018 09:00:10

Chief economist of First Advisors forecasts growth of the economy and the US stock market in 2018-2019

Chief economist of First Trust Advisors, Brian Westbury, recognized as the most accurate forecaster for statistical data from the United States in April, predicts that in 2018, the US GDP will grow by 3%, the stock indexes – by an average of ...
14.05.2018 09:00:10

Consumer confidence in the US remained in May at the level of April

The consumer confidence index in the US in May was 98.8 points, as well as in April, according to data from the University of Michigan. Experts had expected the index to fall to 98.7 points. The tax reform was named a positive factor by about ...
14.05.2018 09:00:09

Unemployment rate in Canada did not change in April

In April, unemployment in Canada was 5.8%, maintaining the level of March and coinciding with the forecasts of the analysts, official data show. Last month, the number of jobs in the Canadian economy fell by 1,000 after an increase of 32,300 ...
14.05.2018 09:00:09

Sales of electric vehicles in China increased by 2.5 times for the first 4 months of the year

In China, total vehicle sales, including trucks and buses, rose 11.5% in annual terms to 2 million 320 thousand units in April, the China Automobile Manufacturers Association (CAAM) said. Cars were sold in the amount of 1 million 910 thousand, ...
14.05.2018 09:00:09

Volume of lending in China in April showed growth contrary to expectations

In April 2018, the volume of new bank lending in China in national currency increased to 1 trillion 180 billion yuan from 1 trillion 120 billion yuan in the previous month, according to the data of the People's Bank of China. Experts had predicted ...
14.05.2018 09:00:09

Economy of Hong Kong in the first quarter grew at the fastest rate since 2011

Hong Kong's GDP in the first quarter of 2018 grew by 4.7% in annual terms and showed the highest rate since the second quarter of 2011, according to official data. Experts had expected GDP to rise by 3.7%. Growth in the economy was boosted ...
14.05.2018 09:00:09

It is expected that economy of Japan in the first quarter will decline for the first time in 2 years

The economy of Japan in the first quarter may decline for the first time in two years due to weak domestic consumption and a softer demand for exports, the Reuters survey showed. Prior to this, the Japanese economy expanded eight consecutive ...
14.05.2018 09:00:09

Most German companies expect positive changes in foreign markets

The DIHK study showed that about 40% of the 5,000 German companies that participated in the survey expect positive changes in foreign markets over the next 12 months, despite the growth of political and trade risks. This is the highest rate ...
11.05.2018 12:00:16

UniCredit's quarterly profit exceeded market expectations

The largest bank of Italy, UniCredit, reported that in the first quarter of 2018 net profit rose to 1.1 billion euros, the finversia.ru project wrote with reference to the bank's accounts. Net profit growth was the best result of the bank since ...
11.05.2018 12:00:16

Next sales in the first quarter exceeded forecasts

Sales of British clothing retailer Next in the first fiscal quarter ended May 7, amounted to about 40 million pounds, exceeding the company's forecasts due to better weather in April. A week before the end of February, Next sales fell by 10% ...
11.05.2018 12:00:16

Number of applications for unemployment benefits in the US last week did not change

Last week, the number of US citizens, who had applied for unemployment benefits for the first time, was 211,000, remaining unchanged from the previous week, the country's Ministry of Labor reported. Experts had expected the growth of the indicator ...
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