Company news

PepsiCo's net profit increased 2.6 times in 2018

PepsiCo, an American manufacturer of soft drinks, reported on the results of the fourth quarter and the total 2018. According to a quarterly report, the company recorded a net profit of $6 billion 850 million, while a year earlier it reported ...
18.02.2019

The price of palladium in the near future may exceed 1 thousand 400 dollars per ounce, experts say

Palladium during trading in New York on Thursday went up to 1 thousand 396 dollars 40 cents per troy ounce. Then the growth of its price slowed down to 1 thousand 382 dollars 60 cents per ounce. Palladium is constantly growing in price, updating ...
15.02.2019

US retail sales fell 1.2% in December

In December, the maximum decline in retail sales since 2009 was recorded in the USA. According to the US Department of Commerce, they fell by 1.2% compared to November. This was a surprise for economists, who had predicted a growth rate of ...
15.02.2019

China's oil and gas imports showed significant growth in January

The volume of oil imported by China in January increased in annual terms by 4.8% to 42,600,000 tons, the Central Custom Authority of China reported. The figure for third months in a row is higher than 10 million barrels per day. The January ...
15.02.2019

Bombardier in 2018 realized a net profit against a loss a year earlier

Canadian Bombardier, specializing in the field of mechanical engineering, in its reporting for 2018 indicated a net profit of $318 million, while a year earlier the report indicated a loss of $525 million. Revenues amounted to 16 billion 236 ...
15.02.2019

JPMorgan announced the release of its own cryptocurrency

American bank JPMorgan was the first among large banks to announce the release of its own cryptocurrency. According to the CNBC, the cryptocurrency released by the bank was named JPM Coin. It will be used for instant payment between bank customers. ...
15.02.2019

Airbus increased net profit by 66% in fourth quarter

European Aircraft Corporation Airbus Group reported impressive financial results in the fourth quarter. According to its statements, the net profit in the amount of 1 billion 601 million euros showed an annual increase of 66%. At the same time, ...
15.02.2019

Nestle shares climbed to historic highs thanks to good financial results

Swiss food manufacturer Nestle reported that in the fourth quarter, its organic sales growth accelerated to 3.7% from 2.8% in the first 9 months and exceeded the increase expected by experts by 3.5%. At the end of 2018, the figure increased ...
15.02.2019

In Britain, in the next 3 months, the maximum since February 2011 drop in housing prices is expected

In January, the UK house price balance was minus 22 points, down from minus 19 points in December, the Royal Institute of Chartered Surveyors (RICS) reported. The indicator fell to the lowest since July 2012 level. According to the institute's ...
15.02.2019

Renault's net profit in 2018 decreased by 36.6%

French automaker Renault in 2018 reduced its net profit for the first time in five years. The company reported a 36.6% drop to 3 billion 302 million euros. Revenue and operating profit of the company also showed a decline. Revenue in the amount ...
15.02.2019

This year, Valentine's Day is expected to show the record US spending growth

The US National Retail Federation NRF surveyed American citizens about their spending on the Valentine's Day. Despite the fact that this year the share of those who celebrate the holiday has decreased to 51% from 55% in 2018 and 63% in 2007, ...
15.02.2019

Venezuela plans to double oil exports to India amid US sanctions

India, the second largest consumer of Venezuelan oil after the United States, became of particular interest аor the state oil company of Venezuela, PDVSA, which came under US sanctions, because Indian refiners buy oil for cash. According to ...
14.02.2019

Industrial production in the euro area fell in December

Statistical Office Eurostat published data on the state of industrial production in the Eurozone in December. According to these data, the volume of industrial production fell in the last month of last year by 0.9%. The speed of its fall slowed ...
14.02.2019

UK inflation slows to 1.8% in January

In January, in the UK, there was recorded an inflation slowdown to 1.8% from 2.1% a month earlier. The report of the Office for National Statistics notes that January inflation was the lowest in two years, being below the target level of the ...
14.02.2019

South Korean POSCO Daewoo will acquire a 75% stake in a grain terminal in Ukraine

The decision to purchase a 75% stake in the grain terminal in Ukraine was made by the largest trading company in South Korea, POSCO Daewoo, Reuters writes, citing a report from the National Investment Council of Ukraine. The construction of ...
14.02.2019

The United States again sharply raised the forecast of oil production in the country

The US Department of Energy is now reviewing its estimates for the development of the US energy market almost every month, as shale production in the country continues to outpace forecasts. Thus, in the forecast updated in February, it is expected ...
14.02.2019

In the US, consumer prices remained unchanged in January

According to the US Department of Labor, in January, just like in December, consumer prices in monthly terms remained in the country unchanged. Analysts had predicted their increase by 0.1%. In annual terms, prices in January amounted to 1.6%, ...
14.02.2019

Luxoft reported lower quarterly revenue and earnings

Luxoft, software and IT solutions developer, following the results of the third quarter, which ended in December, reported about the decline in financial performance. During the earnings period, revenue fell by 2.6% in annual terms to $230 ...
14.02.2019

Saudi Aramco plans to extract oil around the world

Saudi Minister of Energy, Khalid al-Falih, announced plans of Saudi Aramco, a state-owned company, to switch from oil production at the country's fields to exploration and production around the world, the Financial Times writes. Thus, the strategy ...
13.02.2019

The growth of oil prices accelerated after OPEC’s monthly review

Information that OPEC countries reduced oil production by 800,000 barrels in January, contained in the monthly review of the cartel, pushed oil prices to a more intensive rise on Tuesday. By 18:30 Moscow time, the price of Brent crude oil reached ...
13.02.2019
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