Financial news

08.05.2018 11:00:13

Wells Fargo settled a securities fraud lawsuit for $480 million

Wells Fargo reported that it had settled a securities fraud lawsuit for 480 million dollars, the finversia.ru project wrote with reference to Dow Jones. Settlement for this amount, accrued as of March 31, has not yet been approved by the District ...
08.05.2018 11:00:13

Blackstone intends to buy Gramercy real estate investment fund for 7.6 billion dollars

The world's largest management company in the field of alternative investments, Blackstone Group, announced the conclusion of an agreement on the acquisition of the real estate investment fund Gramercy Property Trust for 7.6 billion dollars. ...
08.05.2018 10:00:07

Currency reserves of PRC in April fell to a minimum for 5 months

China's foreign exchange reserves, which are the largest in the world, declined in April by 0.6% from March to 3 trillion 124 billion 850 million dollars, which is the minimum figure for 5 months, according to the data of the People's Bank ...
08.05.2018 10:00:07

Industrial production in Latvia increased by 4.5% in the first quarter

According to the results of the first quarter, industrial production in Latvia increased by 4.5% compared to the same quarter last year, data of the Office for Central Statistics showed. Production in the manufacturing industry increased by ...
08.05.2018 10:00:07

Iran opposed the increase in oil prices

Iran, against which the US can restore sanctions, opposed the increase in oil prices. As Bloomberg reports, this is a signal of a split with other OPEC members. Iran's political rival, Saudi Arabia, supports OPEC's readiness to continue the ...
08.05.2018 09:00:07

Economy of Armenia in the first quarter increased by 10.6%

The GDP of Armenia in the first quarter grew by 10.6% in annual terms, the country's Office for National Statistics reported. The volume of industrial production increased by 8.2%. The growth of agricultural production was 2.2%, growth in construction ...
07.05.2018 11:00:11

Unemployment in the US fell below 4% for the first time since 2000

Unemployment in the US in April fell below 4% for the first time since 2000 to 3.9%. During the previous 6 months, unemployment was at the level of 4.1%. According to the US Department of Labor, the number of jobs in the US economy in April ...
07.05.2018 11:00:11

Quarterly revenue of Alibaba grew by 61%

China's Internet giant Alibaba Group Holding in the fourth fiscal quarter, ended in March, reduced its net profit by 33% to 7 billion 561 million yuan in connection with a large one-time financial income in the same quarter a year earlier. ...
07.05.2018 11:00:11

Annual inflation in OECD countries in March accelerated to 2.3%

Consumer prices in the countries of the Organization for Economic Co-operation and Development rose 2.3% in annual terms in March, compared to a rise of 2.2% a month earlier. The price of energy carriers increased by 5.3%, food - by 1.7%. Excluding ...
07.05.2018 11:00:11

Net profit of the IAG in the first quarter increased 13.4 times

The International Consolidated Airline Group, which includes British Airway, in the first quarter of 2018 increased its net profit by 13.4 times year on year to 794 million euros. Operating profit was 919 million euros, up from 141 million ...
07.05.2018 11:00:11

Societe Generale increased its quarterly profit by 13.8%

The French bank Societe Generale in the first quarter of this year increased its net profit by 13.8% year-on-year to 850 million euros. Experts had predicted the figure at 811.5 million euros. Quarterly revenue of the bank amounted to 6 billion ...
07.05.2018 11:00:11

Retail sales in the euro area rose in March by 0.1%, in the EU - decreased by 0.1%

In March of this year, retail sales in the euro area grew by 0.1% compared to February, when their rise was 0.3%, data of the Statistical Office Eurostat showed. In annual terms, growth was 0.8%. Analysts had expected an increase in the first ...
07.05.2018 11:00:11

Annual increase in sales of cars in Western Europe in April was 9.1%

Sales of cars in Western Europe in April grew by 9.1% year-on-year to 1 million 220 thousand cars, according to industry data collected by the automobile agency LMC. The growth of the index was promoted by the days allocated this year for the ...
07.05.2018 11:00:11

NIESR lowered forecast for the growth of British economy in 2018 to 1.4%

The National Institute for Economic and Social Research lowered the UK's economic growth forecast for 2018 to 1.4% from the previously expected 1.8% rise after a weak GDP growth in the first quarter - just 0.1%. NIERS economist, Amit Kara, ...
07.05.2018 11:00:11

Lenovo shares will be excluded from Hang Seng Index

Shares of Lenovo, the Chinese manufacturer of personal computers and electronics, due to a sharp drop in quotes will be excluded from the Hang Seng Index on June 4, Bloomberg reports. Instead, the index will include the papers of the pharmaceutical ...
07.05.2018 10:00:11

Price of Brent crude oil exceeded $74 per barrel

Following the results of last week, oil showed growth: Brent grew by 0.7%, WTI - by 1.3%. On Friday, oil also showed growth as the timing of consideration of the US participation in the agreement on Iran's nuclear program approached. If the ...
04.05.2018 10:00:12

Bayer cut its net profit in the first quarter by 6%

German chemical and pharmaceutical concern Bayer in the first quarter reduced its net profit by 6.2% in annual terms to 1 billion 950 million euros. Analysts had expected profits at the level of 1 billion 530 million euros. The decrease is ...
04.05.2018 10:00:12

IKEA Group intends to cut 150 jobs in Europe

The Netherlands furniture group IKEA, which owns and operates 362 IKEA department stores in 29 countries, announced its intention to cut 150 jobs in Sweden, the Netherlands and Belgium as part of the plan to reorganize global functions. The ...
04.05.2018 10:00:12

Growth in the volume of world passenger air travel accelerated in March

The International Air Transport Association (IATA) reported that the growth in the volume of world passenger air travel accelerated in March to 9.5% in annual terms from 7.6% in February. The March growth rate was the highest for the last year. ...
04.05.2018 10:00:12

Germany will have to increase contributions to the budget due to Brexit

The European Commission called on Germany, Europe's largest economy, to increase payments to the EU budget in the next 10 years to 12 billion euros a year after the UK's withdrawal from the EU. Germany, as the largest payer in the Union's budget, ...
04.05.2018 10:00:11

DowDuPont reported on a quarterly profit increase that exceeded the forecasts

DowDuPont, formed as a result of the merger of two chemical giants Dow Chemical and DuPont, in the first quarter increased its net profit from continuing operations to 1.1 billion dollars compared to a profit of 888 million dollars for the ...
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