The currency of South Africa, the leading platinum producer, weakened as a result of the collapse in Turkey, which hit other markets, Reuters reports. The South African rand lost 10% last week against the US dollar. The price of platinum fell to a ten-year low. Its value fell below $780 per ounce, losing 25% from the high level of January. The price of metal last week dropped to the lowest level since October 2008. The key factor in the price drop is still the excess of supply of metal over demand. The decline in demand for platinum is due to weak sales of diesel cars, in which this metal is used for autocatalysts.
A group of hackers stole about $60 million after the hacker attack on the Japanese cryptocurrency exchange15.07.2019
Daimler recorded a net loss of 1.6 billion euros in the second quarter21.03.2019
French fashion house Hermes in 2018 increased its net profit by 16%16.01.2019
JPMorgan profit increased 1.7 times in the last quarter of 2018