Company news

British banks claim slower business investment

The leaders of large UK banks told Reuters about the weakening activity of corporate clients in recent months amid statements by two candidates for the post of British Prime Minister about the readiness to hold Brexit without a deal. Commercial ...
16.07.2019

Aircraft Boeing 737 MAX will not be able to resume flights before 2020

After the suspension of Boeing 737 Max flights worldwide in March of this year due to two aircraft crashes with fatal outcomes, their American manufacturer took up troubleshooting these models. However, it will take a lot of time. Therefore, ...
16.07.2019

The index of manufacturing activity from the Federal Reserve Bank of New York rose in July by 13 points

The index of manufacturing activity from the Federal Reserve Bank of New York rose in July by 13 points and amounted to 4.3 points. The indicator managed to move into the positive zone. The index value exceeded the forecast. Analysts had expected ...
16.07.2019

China's economy grew by 6.2% in the second quarter

The Chinese economy in the second quarter, according to the National Bureau of Statistics, showed the slowest growth rates since the nineties due to the ongoing trade dispute with the United States. China's GDP grew by 6.2%, slowing down from ...
16.07.2019

Analysts expect a decline in profits of the largest US enterprises in the second quarter at a record pace over 3 years

Analytical company FactSet conducted a survey before the start of the corporate earnings season. Survey participants expect a decline in profits of the largest US companies from the Standard & Poor’s 500 index by 3% in annual terms, ...
16.07.2019

AB InBev Asia delays pricing the largest IPO

Investors linked the postponement of the initial public offering of shares of the Asian business AB InBev with a high price, although the company's explanations boiled down to poor market conditions. AB InBev, the world's largest brewing company, ...
16.07.2019

PSA Group reduced sales by 12.8% in the first half

French carmaker PSA Group, the second-largest car manufacturer in Europe after Volkswagen, published a report, according to which, following the results of the first half of this year, 1.903 million cars were sold. Relative to the same period ...
16.07.2019

Citigroup increased quarterly profit by 7%

Citigroup, one of the largest US banks, reported net profit growth of 7% in the second quarter compared to the same period last year to $4.799 billion. The bank recorded adjusted earnings of $1.94 per share, while experts had predicted $1.81 ...
16.07.2019

Singapore's economy fell 3.4% in the second quarter

The Ministry of Trade and Industry of Singapore reported the strongest fall in GDP since the third quarter of 2012. In the second quarter, Singapore’s economy contracted by 3.4% compared with the first three months of this year. In the ...
15.07.2019

The surplus of China's foreign trade balance in the first half of the year increased by 41.6%

The volume of China's exports in the first half of the year, according to the General Customs Administration, grew by 6.1% compared with the same period a year earlier. The import volume increased by 1.4%. China's foreign trade surplus was ...
15.07.2019

Johnson & Johnson shares collapsed amid reports the US launched a criminal investigation against the company

In relation to the American corporation Johnson & Johnson, the US Department of Justice is conducting a criminal investigation, examining the possibility of the company hiding information that the use of talcum powders could have resulted ...
15.07.2019

Foreign direct investment in China increased by 3.5% in the first half of the year

The Ministry of Commerce of China in the first half of the year recorded $70.74 billion of foreign direct investment in mainland China. Over twelve months, the figure rose by 3.5%, indicating their steady growth in the country. In national ...
15.07.2019

US producer prices rose 0.1% in June

In June of this year, the weakest annual increase in producer prices in nearly 2.5 years was recorded in the USA. According to the US Department of Labor, the June price increase was at the level of 0.1%, as well as a month earlier, which confirmed ...
15.07.2019

Growth in industrial production in the euro area exceeded forecasts in May

In May, data from Eurostat indicated the faster pace of recovery of industrial production in the euro area than it was expected. May growth compared to the previous month was recorded at 0.9% after the April decline of 0.4%. Experts had expected ...
15.07.2019

Volkswagen and Ford will spend billions of dollars on the joint development of self-driving cars

Under the partnership agreement, automakers - American Ford Motors and German Volkswagen - intend to invest billions of dollars in the joint development and production of electric and self-driving cars. The acquisition by the German company ...
15.07.2019

Daimler recorded a net loss of 1.6 billion euros in the second quarter

The German car manufacturer Daimler in the second quarter of 2019 recorded a net loss of $1.6 billion. According to the results of the same period a year earlier, the automobile company reported a net profit of 2.6 billion euros. Defective ...
15.07.2019

Facebook faces a $5 billion fine

Facebook may face a $5 billion fine, The Wall Street Journal reports. The US Federal Trade Commission has accused the company of leaking user data. An investigation has shown that in 2018, the British company Cambridge Analytica received data ...
15.07.2019

Fitch downgraded Turkey to “BB-“

Fitch revised the rating of Turkey. It has been lowered from “BB” to “BB-“. The forecast is negative. The factors that influenced the decision were reported in the message. The main reasons for the downgrade were the ...
15.07.2019

Fed Chairman asked Facebook to clarify a number of important questions about Libra project

Speaking at a meeting of the US House of Representatives Committee, Jerome Powell, the head of the Federal Reserve System, said that the launch of the Facebook project to create Libra, its own cryptocurrency, should be postponed until all the ...
12.07.2019

Delta Air Lines reported the results of the second quarter

The American airline Delta Air Lines has published a report on financial results for the second quarter of this year. Relative to the same period last year, its net profit jumped by 39%, reaching $1.44 billion at the end of the earnings period. ...
12.07.2019
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