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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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% ...