Financial news

11.05.2018 11:00:09

Growth of industrial production in Italy in March exceeded the forecasts

Industrial production in Italy increased by 1.2% in March compared to February, when the index fell by 0.5%, as Istat data showed. March's growth exceeded expectations of the analysts, who had predicted an increase of only 0.5%. Industrial ...
11.05.2018 11:00:09

Property price index in the UK fell in April to a 5 year minimum

Property Price Index in the UK in April fell to its lowest level since November 2012 - minus 8 points, according to Bloomberg, citing data from the Royal Institution of Chartered Surveyors. The largest price decrease was observed in London ...
11.05.2018 11:00:09

Positive trade balance of Japan fell by 21%

The surplus of Japan's trade balance in the 2017 financial year, which ended on March 31, 2018, declined by 21%. As reported by the Ministry of Finance of Japan, the decline was due to rising costs for increased in price oil and natural gas. ...
11.05.2018 11:00:09

Against the backdrop of the forecasts of BT Group, its shares fell to lowest level in 15 months

The British telecommunications company BT Group said that its revenue will decrease, because in the next 3 years it must pay 2.1 billion pounds to finance the pension deficit, which is 11.3 billion pounds, Bloomberg reports. BT predicts in ...
11.05.2018 11:00:09

RBS will pay 4.9 billion dollars for the settlement of US claims

Royal Bank of Scotland has reached a preliminary agreement with the US Department of Justice on the payment of $4.9 billion to settle claims through the investigation of transactions with mortgage securities, Bloomberg reports. The bank hopes ...
11.05.2018 10:00:09

Bank of England kept the base rate at the same level and lowered the forecast for GDP growth to 1.4%

The Bank of England retained the benchmark interest rate at 0.5% per annum. The volume of the program of redemption of state bonds is left at the level of 435 billion pounds, the volume of purchase of corporate bonds - at the level of 10 billion ...
11.05.2018 10:00:09

Industrial production in the UK increased in March short of forecast

In March, industrial production in the UK increased by 0.1% compared to February, when the rise was also 0.1%. In annual terms, growth was 2.9%, according to the Office for National Statistics. Analysts had predicted the growth of the first ...
10.05.2018 13:00:12

Shell sold its stake in Canadian Natural for $3.3 billion

Shell Gas, a division of British-Dutch oil and gas company Royal Dutch Shell, reported the sale of its stake in Canadian Natural Resources, which is developing oil sands in Canada, the finversia.ru project wrote. It is noted that Shell Gas ...
10.05.2018 13:00:12

Demand of the population of China for gold decreases

The demand for gold in China, the world's largest consumer of this precious metal, is moving downwards, according to an analysis of China's foreign trade statistics for the first quarter conducted by the research agency GFMS. According to analyst ...
10.05.2018 12:00:19

Rise in property prices in Britain unexpectedly slowed in March

Property prices in the UK unexpectedly slowed their growth, it added signs of weakness in the UK housing market and the consumer economy as a whole, Reuters reports. According to the Halifax mortgage lender, in April home prices in the country ...
10.05.2018 12:00:19

China's trade surplus with the US rose to 22 billion 190 million dollars

According to the data of the Chinese customs administration, in April the trade surplus of the PRC with the US rose to 22 billion 190 million dollars from 15 billion 430 million dollars in March. In the first four months of 2018, China's trade ...
10.05.2018 11:00:12

Oil imports in April reached a record high in China

In April 2018, China increased oil imports by 4% to 39 million 460 thousand tons, which is a record indicator for the time of settlement, the data of the Main Customs Administration of the People's Republic of China showed. Over the period ...
10.05.2018 11:00:12

Quarterly profit of Italian bank Intesa has grown by 39%

The net profit of the Italian bank Intesa Sanpaolo grew by 39% year-on-year to €1 billion 250 million in the first quarter, thanks to an increase in net interest income, commission fees and insurance revenue. Analysts had expected the profit ...
10.05.2018 11:00:12

Siemens to restructure in connection with sanctions against Russia

Europe's largest equipment manufacturer, the German concern Siemens has reached an agreement with the unions on the reduction of 7,000 jobs. The concern reported on the harmonization of cost saving measures for the units “Energy and Gas Production” ...
10.05.2018 11:00:12

ECB is confident in the rise of the euro area economy

The chief economist and member of the executive board of the European Central Bank, Peter Prat, speaking in Geneva, said he was confident in the economic recovery of the eurozone, despite disappointing economic data, Bloomberg reports. According ...
10.05.2018 10:00:13

British Foreign Secretary criticized Theresa May's customs plan

British Foreign Minister Boris Johnson criticized the proposal for a customs partnership with the European Union, for which Prime Minister Teresa May spoke and which was supported by Finance Minister Philip Hammond, Daily Mail writes. The British ...
10.05.2018 10:00:13

Munich Re increased its net profit 1.5 times in the first quarter

The net profit of Munich Re, the second-largest reinsurance company, in the first quarter increased by 49% to €827 million due to a reduction in losses. Net investment income of the company decreased for the quarter to 1.8 billion euros from ...
08.05.2018 12:00:20

EC approved ArcelorMittal to buy Italian Ilva

The European Commission allowed the international concern ArcelorMittal to acquire the Italian steel producer Ilva, Deutsche Welle reports. According to the EU Commissioner for Competition, Margrethe Vestager, this transaction will not have ...
08.05.2018 12:00:20

Rystad Energy forecasts an increase in number of approved offshore projects in 2018

Norwegian consulting company Rystad Energy predicts that the number of approved offshore projects in 2018 will grow to 100 compared with 60 projects in 2017, which will contribute to the current rise in the oil market. According to еру experts ...
08.05.2018 11:00:13

Head of the German Steel Association urged EU not to allow flooding of the market with foreign steel

The introduction of the US steel duties has led to an increase in the volume of this metal in the European market, as some producers redirect their products to the EU countries. This was stated by the chairman of the Economic Association of ...
08.05.2018 11:00:13

Japanese regulators announced a tightening of the regulation of crypto exchanges

Japanese regulators are trying to prevent new problems after the hacking in January of the Coincheck exchange. They announced a tightening of the regulation of crypto exchanges. The financial services agency of Japan will introduce more stringent ...
Something went wrong
Message: