Company news

Gold fell in price at the end of the week in connection with the expectations of the Fed meeting

The last meeting of the Federal Reserve System this year is scheduled for December 18-19, and world investors expect that, based on its results, the base rate will be raised to 2.25% -2.5% per annum. However, the main intrigue remains the number ...
17.12.2018

Business activity in the eurozone grew in December at the lowest rate in more than 4 years

IHS Markit showed preliminary data on the composite business activity index in the eurozone in December. The corresponding index was 51.3 points against 52.7 points in November, noting the minimum value since November 2014. In the service sector, ...
17.12.2018

Car sales in the EU fell by 8% in November

The European Automobile Manufacturers' Association reported a decline in car sales in the EU by 8% in annual terms to 1 million 121 thousand cars in November. The reduction has been observed for three months already, which is caused by the ...
17.12.2018

Most economists expect fewer rate hikes from Fed

According to the results of a survey of 60 economists conducted by The Wall Street Journal, most experts lowered their forecast for the Federal Reserve System’s rate hike in 2019 from 3 to 2. According to their estimates, at the Fed meeting ...
17.12.2018

China will reduce duties on cars imported from the United States for 90 days

The Ministry of Finance of China announced that starting from January 1 for a period of 90 days the duties on cars imported from the USA will be reduced from 40% to 15%. This move will ease trade tensions between Beijing and Washington. According ...
17.12.2018

Adobe reported a quarterly profit growth by a third

US-based Adobe Systems, which develops image processing software, reported an increase in net profit of 35% in annual terms to 678 million 200 thousand dollars at the end of the fourth fiscal quarter ended November 30. Quarterly revenue reached ...
17.12.2018

BoAML expects global GDP growth to slow next year

Experts at Bank of America Merrill Lynch expect in 2019 a slowdown in global GDP growth to 3.6% from 3.8% this year. According to them, this could lead to a reduction in energy demand and lower oil prices. However, they do not expect a significant ...
10.12.2018

Oil price growth slowed at the end of trading on Friday after the OPEC + meeting

According to the trading data, after the end of the meeting of OPEC ministers, as well as OPEC member countries and its partners, on Friday by 23:00 Moscow time, oil prices slowed their growth after a jump of 5%. The price of Brent crude oil ...
10.12.2018

Uber has filed preliminary papers for IPO

Taxi service Uber, which provides services in 65 countries, submitted an application for an IPO to the Securities and Exchange Commission. According to informed sources, Uber filed documents confidentially and the exact date of the IPO is not ...
10.12.2018

Altria Group to invest $1 billion 800 million in the Canadian Cronos Group

Altria Group, the largest manufacturer of tobacco products in the United States, announced its intention to purchase a 45 percent stake in Canadian Cronos Group, which specializes in the cultivation of cannabis for medical purposes, for 2 billion ...
10.12.2018

US employment growth slowed in November

The US non-farm sector in November increased the number of employed by 155 thousand, slowing growth rates compared with an increase of 237 thousand in October. Experts had expected growth rate of 200 thousand jobs. The lowest level of employment ...
10.12.2018

US consumer confidence declined in November

In November, the US consumer confidence index was 98.3 points, down from 99.6 points in October, preliminary data from the University of Michigan showed. Nevertheless, the index value was higher than the experts' forecast of 98 points. The ...
10.12.2018

Consumer prices in Brazil fell in November at the highest rate in 1.5 years

Consumer prices in Brazil fell in November at the fastest pace in a year and a half. According to IBGE, the fall was 0.21%, while experts had predicted a decrease in prices by only 0.09%. Annual inflation also showed a slowdown, reaching 4.05% ...
10.12.2018

Estimates of eurozone GDP growth confirmed at 0.2%

The Statistical Office of the EU published the final data on the growth of the eurozone economy in the third quarter, confirming a preliminary estimate of a quarterly increase by 0.2%, which reflects the lowest rate since the second quarter ...
10.12.2018

The EU plans to attract more than 20 billion euros for the development of artificial intelligence

To implement the plan to promote the development and use of artificial intelligence, the European Union intends to attract more than 20 billion euros of investment by the end of 2020. This was stated by the Vice President for the Digital Single ...
10.12.2018

China's foreign exchange reserves rose in November for the first time since July

The People’s Bank of China reported an increase in foreign exchange reserves by $9 billion to $3 trillion 62 billion in November, which is noted for the first time since the monthly decline in July. For experts who had expected a reduction ...
10.12.2018

Unipec will resume oil imports from the United States during the truce in the trade war

The truce in the trade war between the United States and China enables Chinese Unipec, the Sinopec trade division, to resume supplies of American oil until the completion of the 90-day negotiation period on March 1. This was reported to Reuters ...
06.12.2018

Bayer predicts sales to grow by 4% in 2019

According to estimates of German concern Bayer, its sales for the current year will amount to 44 billion 600 million euros. And next year, the company expects growth of 4% to 46 billion euros. The company plans that in subsequent years until ...
06.12.2018

Solar power will occupy 70% of the global energy market by 2050

The European technology and innovation platform for photovoltaic cells, having conducted research at the Lappeenranta University of Technology, concluded that by 2050 solar power stations and roof panels could make up 69% of the energy market. ...
06.12.2018

UK Services Sector Business PMI declined in November

The business activity index in the UK services sector fell in November to a minimum since July 2016 50.4 points compared to 52.2 points in October, IHS Markit reported. British companies that participated in the IHS Markit survey noted that ...
06.12.2018
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