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Advisors to the German government lowered the forecast for GDP growth in 2019

Advisors to the Federal Government worsened the forecast for German economic growth in 2019 to 0.8% from 1.6%. They predict that in 2020, GDP will grow by 1.3%. At the same time, experts do not expect a recession in the German economy, noting ...
20.03.2019

China's budget revenues in the first two months of the year increased by 7%

In the first two months of 2019, China’s budget revenues increased by 7% to 3 trillion 910 billion yuan in annual terms, according to data from the Ministry of Finance. The central government noted an increase in budget revenues by 6.6% to ...
20.03.2019

Foxconn to build LCD manufacturing plant in Wisconsin

Foxconn Technology Group, the world's largest contract electronics manufacturer from Taiwan, is returning to its plans to produce LCD displays in the US state of Wisconsin after negotiations in February between US President Donald Trump and ...
20.03.2019

Following the results of 2018, Xiaomi realized a net profit against a loss a year earlier

Chinese company Xiaomi, specializing in the production of electronics, reported that following the results of 2018, it received a net profit of 13 billion 480 million yuan while a year earlier it recorded a net loss of 43 billion 890 million ...
20.03.2019

The growth of investor confidence in the German economy in March exceeded forecasts

ZEW Research Institute published data on the level of investor confidence in the German economy in March. The corresponding index calculated by the institute was minus 3.6 points, having increased from February level to minus 13.4 points. The ...
20.03.2019

The unemployment rate in the UK is at the lowest level in 44 years

The unemployment rate in the UK for the period from November 2018 to January 2019 has decreased to a minimum level of 3.9% since 1975 versus 4.1% in the previous 3 months, the Office for National Statistics reported, based on the calculation ...
20.03.2019

The price of palladium for the first time exceeded 1 thousand 600 dollars per troy ounce

The data of trades in London on Tuesday showed that the spot price of palladium rose to 1,601 dollars 52 cents per troy ounce. Relative to the previous session, the price of metal went up by 1.4%, and its value exceeded 1 thousand 600 dollars ...
20.03.2019

Watch exports from Switzerland rose by 3.4% in February

According to the Federation of the Swiss Watch Industry, in February, there was a growth in exports of watches from Switzerland by 3.4% to 1 billion 755 million Swiss francs. Growth rates accelerated compared with the January increase of 0.2%. ...
20.03.2019

Advisers to the German government lowered the forecast for GDP growth in 2019

Advisors to the Federal Government worsened the forecast for German economic growth in 2019 to 0.8% from 1.6%. They predict that in 2020, GDP will grow by 1.3%. At the same time, experts do not expect a recession in the German economy, noting ...
20.03.2019

Wages in the euro area rose by 2.3% in the fourth quarter

The growth of hourly wages in the eurozone in the fourth quarter of 2018 in annual terms was 2.3%, just as in the previous quarter, Eurostat reported. In December, eurozone unemployment fell to its lowest level since October 2008, reaching ...
20.03.2019

IDC expects 15.3% increase in wearable electronic device sales in 2019

Research company International Data Corporation expects the growth in sales of wearable electronic devices by 15.3% to 198.5 million units. According to its estimates, the average annual growth rate of sales in the period up to 2023 will be ...
20.03.2019

Inflation in Germany remained at 1.7% in February

Distatis released final data on inflation in Germany in February. Compared to February of last year, prices according to EU standards showed an increase of 1.7%. Inflation in February was at its lowest level since April 2018, which was observed ...
15.03.2019

Lufthansa lowered net profit by 39% in the fourth quarter

Germany's leading airline Lufthansa, following the results of the fourth quarter, reported on the fall in net profit by 38.7% in annual terms to 343 million euros. Its revenue in the amount of 8 billion 950 million euros showed an annual growth ...
15.03.2019

Inflation in France was 1.3% in February

In February, consumer price growth in France, according to national standards, accelerated in annual terms to 1.3% from 1.2% in January, and in monthly terms, prices remained unchanged. This is evidenced by the final report of Insee. February ...
15.03.2019

Wholesale prices in India rose by 2.93% in February

One of the most important inflation indicators for the Central Bank of India, the wholesale price index, rose in February by 2.93%. Regarding the increase of 2.76% in March last year, the growth rate of the index accelerated in February, but ...
15.03.2019

The number of companies planning to hire new employees has declined in China

The number of companies planning to hire new employees in the second quarter of this year has decreased in China, CNBC writes. According to a survey of 4 thousand 209 Chinese firms conducted by ManpowerGroup, only 6% of respondents stated their ...
15.03.2019

Sinopec plans IPO of the sales division

Chinese petrochemical corporation Sinopec, which announced plans to restructure its oil business in February, plans to hold an IPO of Sinopec Sales. According to the president of Sinopec, Ma Yunshen, the sales division is currently considering ...
15.03.2019

SoftBank and Toyota intend to invest $1 billion in the unit dealing with drones

Reuters, referring to informed sources, reported that negotiations were held by a group of investors led by Japanese companies SoftBank and Toyota Motor on investments of about $1 billion in the unmanned driving unit of Uber Technologies, finversia.ru ...
15.03.2019

Net profit of the German RWE decreased in 2018 5.7 times

The net profit of the German energy company RWE in 2018 decreased 5.7 times to 335 million euros. During the earnings period, the adjusted EBITDA fell by 28.4%, amounting to 1 billion 540 million euros. Revenue at the end of the year was at ...
15.03.2019

Most Wall Street economists are waiting for the Fed to raise rates until September

In March, The Wall Street Journal conducted a survey of 66 Wall Street economists, which showed that 57% of respondents predict that the Federal Reserve would raise the base interest rate in September or even later. The share of such survey ...
15.03.2019
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