Company news

China reduced gold production, but increased its consumption

According to the Chinese Gold Association, the total gold production in China in the first 9 months of this year decreased by 0.57% and amounted to 372 tons 827 kilograms, which was caused by more stringent environmental requirements for gold ...
07.11.2018

Morgan Stanley lowers oil price forecast for next year

According to the new Morgan Stanley forecast, the average price of Brent crude will be $77.5 per barrel in the period from the fourth quarter of this year to the end of the third quarter of next year and $80 per barrel in October-December 2019. ...
07.11.2018

Mitsubishi Motors reported a half-year profit growth of 7%

Japanese car manufacturer Mitsubishi Motors, in the financial half-year to September 30, increased its net profit by 7.2% in annual terms to 51 billion 900 million yen, finversia.ru writes, citing company reporting. Per share, net income increased ...
07.11.2018

Quarterly profit of Pandora fell 25%

Pandora Jewelry House, located in Denmark, in the third quarter lost 25% of profit before taxes, interest, depreciation and amortization. The quarterly EBITDA was 1 billion 450 million krones. According to experts, the profit was expected to ...
07.11.2018

The ECB expects acceleration of inflation in the eurozone against the background of economic growth

The European Central Bank pointed out in its report that the lack of production capacity of eurozone companies could cause an acceleration of inflation in the region, Bloomberg reports. Against the background of previously published data indicating ...
07.11.2018

Investor confidence index in the euro zone fell to a 2-year low in November

The investor confidence index in the eurozone in November was 8.8 points, having decreased compared to the October value of 11.4 points, the results of the Sentix survey, which was attended by 991 investors, showed. The November figure was ...
06.11.2018

PMI in the UK services sector declined in October more than expected

The purchasing managers index in the UK services sector fell in October to 52.2 points from 53.9 points in the previous month, according to IHS Markit. The rate was the lowest since March of this year. Economists had expected the index to drop ...
06.11.2018

Sales of new cars in the UK fell in October

Sales of new cars in the UK fell by 2.9% in October compared to the same month last year to 153,599 cars, data from the SMMT showed. The reason for the negative dynamics was the insufficient number of cars for some brands due to changes in ...
06.11.2018

Inflation in Turkey accelerated to 25.24%

Consumer prices in Turkey rose by 25.24% in October this year compared with October last year, data from the Turkish Statistical Institute showed. Regarding September, when the price index was at the level of 24.52%, annual inflation in the ...
06.11.2018

Berkshire Hathaway almost doubled its operating profit in the third quarter

American company Berkshire Hathaway, which is owned by billionaire Warren Buffet, reported that in the third quarter, its operating profit increased almost 2-fold in annual terms to 6 billion 880 million dollars. The indicator surpassed analysts' ...
06.11.2018

The damage from the tsunami in the past 20 years amounted to 289 billion dollars

The total damage from the tsunami in the past 20 years, which led to the death of 251,770 people, amounted to 280 billion dollars, according to a UN study. The most significant damage caused by the tsunami was observed on the coasts of the ...
06.11.2018

Hong Kong property market expects correction

Raising interest rates in Hong Kong for the first time in 12 years, as well as the ongoing trade dispute between the United States and China, led to signs of a downturn in the Hong Kong real estate market, Bloomberg writes. In the five weeks ...
06.11.2018

Blair says the British parliament should reject any version of the Brexit deal

Former British Prime Minister Tony Blair said that, whatever the Brexit agreement, it must be rejected by the British Parliament, since any deal would be unacceptable for the country. As the Guardian newspaper reported, Blair believes that ...
06.11.2018

China intends to continue trade and economic cooperation with Iran, despite US sanctions

China will continue to trade with Iran even after the entry into force of the US sanctions aimed primarily at the Iranian oil industry, its banking structure and shipping. This was announced at a briefing by the Deputy Director of the Foreign ...
06.11.2018

Gold prices showed weak dynamics against the backdrop of a stable dollar

Gold prices did not change much on Monday, as a stable dollar did not affect their dynamics. After Monday's morning decline, the price of the December gold futures on the Comex stock exchange increased by 0.02% to 1 thousand 233.5 dollars per ...
06.11.2018

Canada's unemployment rate fell to a 40-year low in October

The number of jobs in the Canadian economy grew by 11,000,200 in October, Statistics Canada reported. However, the figure turned out to be lower than the forecasts of experts, who had expected it to increase by 15 thousand places. Unemployment ...
05.11.2018

Car sales in the US rose 0.8% in October

In October, analytical corporation Autodata recorded an annual increase in sales of new cars in the United States by 0.8% to 1 million 318 thousand cars. This was a surprise for analysts who had expected a decline of 2.1%. Sales growth from ...
05.11.2018

Net profit of Exxon Mobil exceeded forecasts in the third quarter

American oil company Exxon Mobil reported that in the third quarter, its net profit amounted to 6 billion 240 million dollars. The indicator per share of 1 dollar 46 cents exceeded the estimates of experts of 1 dollar 23 cents per share, which ...
05.11.2018

Production in Italy fell in October to a minimum of 4 years

The manufacturing activity index in Italy for the first time since August 2016 dropped below 50 points in October of the current year, IHS Markit reported. In October, the decline in production was the most significant in the country over the ...
05.11.2018

India's manufacturing sector grew in September due to increased number of new orders

The purchasing managers index in the manufacturing sector of India from Nikkei in October was 53.1 points, an increase from 52.2 points in September, finversia.ru writes, referring to the IHS Markit. The growth rate in the Indian industry is ...
05.11.2018
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