Company news

UK construction sector unexpectedly boosted growth in October

The purchasing managers index in the UK construction sector rose in October to 53.2 points from 52.1 points in the previous month, according to IHS Markit. The growth of the construction sector was a surprise for economists, who had expected ...
05.11.2018

There was a decline in the oil market before the entry into force of US sanctions against Iran

On Friday, oil prices fell moderately based on expectations of the entry into force of additional US sanctions against Iran on November 4. Experts expect that this event will entail a drop in the supply of Iranian oil by about 1-1.5 million ...
05.11.2018

Chevron doubled quarterly earnings

Following the results of the third quarter, the American oil corporation, Chevron, reported an increase in net profit 2.1 times in annual terms to 4 billion 50 million dollars. Per share, the indicator rose to 2 dollars 13 cents, while experts ...
05.11.2018

The US external deficit reached a 7-month high in September

The US external deficit in September reached a maximum in the last 7 months - a value of 54 billion 19 million dollars. The growth rate for the month was 1.3%, the US Department of Commerce reported. According to economists' forecasts, a less ...
05.11.2018

Quarterly revenue of Alibaba increased 54.5%

Chinese Internet company Alibaba Group Holding in the second fiscal quarter recorded a rise in net profit by 13.4% in annual terms to 20 billion 33 million yuan. Adjusted earnings of 9.6 yuan per share exceeded analysts' forecast of 7.43 yuan ...
05.11.2018

The Bank of England lowered its economic growth forecast for 2018 and 2019

The Bank of England lowered its forecast for the growth of the UK economy in 2018 from 1.4% to 1.3%. For the next year, the forecast was lowered from 1.8% to 1.7%, while the estimate of GDP growth for 2020 remained the same – at the level of ...
02.11.2018

China cuts oil purchases in Iran by 34% in September

In September of this year, China bought Iranian oil by 34% less than in September last year. The volume of purchases amounted to 2 million 130 thousand tons, data from the General Administration of Customs of China showed. Relative to the previous ...
02.11.2018

South Korea agreed with the United States on the continuation of purchases of Iranian oil after the imposition of sanctions

South Korea managed to get permission from the United States to continue oil imports from Iran after the introduction of the second part of the US sanctions, Bloomberg writes, referring to sources in senior government circles in South Korea. ...
02.11.2018

Shell reported an increase in quarterly profit 1.5 times

The British-Dutch oil company, Royal Dutch Shell, following the results of the third quarter, reported about the growth of adjusted profit by 51% in annual terms to 5 billion 570 million dollars. The indicator includes changes in production ...
02.11.2018

US labor productivity rose 2.2% in the third quarter

Labor productivity in the United States, which does not include agriculture, increased by 2.2% in the third quarter. The US Department of Labor reported that the growth rate slowed compared with a rise of 3% in the previous quarter. Following ...
02.11.2018

The growth rate of manufacturing activity in Ireland was the slowest in 7 months

The growth rate of manufacturing activity in Ireland in October was the slowest in 7 months, finversia.ru writes. According to a survey conducted by IHS Markit, the purchasing managers index for the Irish manufacturing industry dropped to 54.9 ...
02.11.2018

Quarterly sales of DowDuPont rose 10%

DowDuPont was established in 2017 after the merger of Dow Chemical and Du Pont, and became the largest chemical company in the world. In the third quarter, its sales increased by 10% to $20 billion 100 million, helped by growing demand for ...
02.11.2018

American Avon increased its quarterly profit almost 10 times

The American cosmetics company, Avon Products, which operates in more than 100 countries around the world, following the results of the first nine months, reported a net profit of $55,700,000, whereas a year earlier it had a loss of $70,400,000. ...
02.11.2018

The UK industrial sector grew in October at its slowest rate in two years

The purchasing managers index in the UK industrial sector dropped in October to 51.1 points from 53.6 points in the previous month, IHS Markit reported. This is the minimum value of the indicator for 27 years. Experts had expected a less significant ...
02.11.2018

The fall of the dollar caused a sharp increase in gold prices

Gold rose in price substantially on Thursday after dropping to a 3-week low on Wednesday, finversia.ru writes. The increase in the value of precious metals contributed to the decline in the US dollar index amid reports of progress in the negotiations ...
02.11.2018

Gold prices fell to a 2-week low amid rising US dollar

Data on consumer confidence in the United States pushed the dollar to the highest value in a year. Against this background, the cost of gold on Wednesday dropped to a minimum of two weeks. The reason for its decline was also the restoration ...
01.11.2018

Elon Musk has become the largest shareholder of Tesla

The SEC received a notification from the founder and CEO of Tesla, Elon Musk, that he had acquired a Tesla stake of 10 million dollars, CNBC reported. Taking into account the shares acquired earlier by Musk in the amount of $25 million, 9 million ...
01.11.2018

Sanofi quarterly profit exceeded forecasts

The net profit of Sanofi, the pharmaceutical concern from France, grew in the third quarter by 10.3% and amounted to 2 billion 300 million euros. The indicator exceeded the experts' forecasts of 2 billion 140 million euros. Revenues for the ...
01.11.2018

Yum! Brands following the results of the first 9 months increased net profit by 34%

Yum! Brands, the operator of fast-food chains, reported that in nine months its net profit grew by 34% in annual terms and amounted to 1 billion 200 million dollars. Diluted earnings per share increased to 3 dollars 64 cents from 2 dollars ...
01.11.2018

American Ford and Chinese Baidu have entered into an agreement to test unmanned vehicles in China

American car manufacturer Ford Motor and Chinese Internet company Baidu have entered into a partnership agreement in the field of testing unmanned vehicles in China. They will test self-driving cars of the fourth category. Previously, the cooperation ...
01.11.2018
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