Company news

General Motors in the third quarter returns to net profit

In the third quarter, the largest in the United States automotive concern General Motors recorded a net profit of $2.5 billion against a loss of $3 billion a year earlier. The growth of revenue and quarterly results of the financial division ...
01.11.2018

Eurozone inflation in October was 2.2%

In October, consumer prices in the euro zone rose by 2.2% compared to October last year. Compared with September, when inflation was 2.1%, in October its acceleration was observed, Eurostat reported. October price growth rates coincided with ...
01.11.2018

The level of unemployment in the euro area did not change in September

In September 2018, the level of unemployment in the eurozone remained unchanged, maintaining the August value of 8.1%, which was the lowest since November 2008, Eurostat data showed. The September figure confirmed market forecasts. In the EU ...
01.11.2018

Airbus has tripled its quarterly profit

Following the results of the third quarter, the largest aerospace concern in Europe, Airbus Group, reported an increase in net profit 3.1 times compared to the same quarter a year earlier to 957 million euros. Factors such as the acquisition ...
01.11.2018

Growth in the number of jobs in the US private sector exceeded forecasts in October

The US private sector continued to increase the number of jobs at a high rate in October. According to the ADP Research Institute, last month the figure rose by 227 thousand, significantly exceeding the increase expected by experts in the amount ...
01.11.2018

General Electric in the fourth quarter received a loss of $22 billion 800 million

In the third quarter, General Electric recorded a net loss of $22 billion 810 million against a net profit of $1 billion 320 million over the same period of 2017. Adjusted earnings of 14 cents per share were lower than experts' forecast of ...
31.10.2018

Coca-Cola financial results for the third quarter exceeded forecasts

American soft drink manufacturer Coca-Cola increased its net profit by 30% in the third quarter from a year earlier to $1 billion 880 million. Earnings, not taking into account one-off factors, of 58 cents per share exceeded economists’ forecast ...
31.10.2018

Eurozone confidence index fell to a minimum in 17 months in October

In October, the composite consumer and business confidence index in the eurozone was 109.8 points, down from 110.9 points in August, the European Commission reported. The decline in the index has been observed in the eurozone for 10 months ...
31.10.2018

Eurozone economy grew by 0.2% in the third quarter

Consolidated GDP of the 19 eurozone countries in the third quarter showed minimal growth rates since the second quarter of 2014. According to Eurostat, its growth was 0.2% compared with a 0.4% rise in the previous quarter. According to experts, ...
31.10.2018

Volkswagen increased quarterly profit 2.7 times

In the third quarter, German automaker Volkswagen reported an increase in net profit 2.7 times compared with the same period last year to 2,670 million euros. The revenue figure of 55 billion 200 million euros did not reach experts' forecasts ...
31.10.2018

Pfiza net profit following the results of the first nine months increased by 28%

American pharmaceutical company Pfiza, one of the world leaders in this industry, from January to September 2018, increased its net profit by 28% in annual terms to 11 billion 546 million dollars, finversia.ru writes, referring to the company's ...
31.10.2018

Rising home prices in the United States are ahead of wage growth

Housing prices in the US over the past 6 months have risen faster than wages, Bloomberg reports. Housing from March 31, 2012 to the present, has risen in price by 60%. Over the same period, household income growth was less than 30%, according ...
31.10.2018

Oil prices continue to decline

During trading on Tuesday, there was a decline in oil prices, as volatility persisted in global stock markets and fears of reducing global demand for fuel rose against the backdrop of the trade war between the United States and China. The American ...
31.10.2018

Consumer confidence in the United States in October reached a maximum level in 18 years

The US consumer confidence index rose to 137.9 points in October from 135.3 points in September, the Conference Board data showed. The October index value was the highest in the last 18 years. Experts had expected growth rate to 136.4 points. ...
31.10.2018

Fiat Chrysler quarterly profit dropped 1.6 times

Fiat Chrysler Automobile, producing cars, following the results of the third quarter, has reported that its net profit decreased to 564 million euros from 910 million euros a year earlier, which is explained by a write-off of 700 million euros ...
31.10.2018

China can halve car tax

The economy of China may slow against the background of the strengthening of the trade war with the United States. To support economic growth and demand for cars, the Chinese government department proposed halving the tax on car purchases, ...
30.10.2018

Asian and Latin American countries may impose new taxes on IT companies such as Google and Facebook

A number of countries in Latin America and Asia, including Mexico, Chile, South Korea and India, are exploring the possibility of imposing additional taxes on the activities of IT giants like Google and Facebook. In addition to the existing ...
30.10.2018

Oil prices fell on Monday due to concerns about a decline in global demand

Fears about a possible decrease in demand for oil led to a drop in oil prices during trading on Monday. The projected global demand for oil is adversely affected by the slowdown in the growth of profits of industrial enterprises in China for ...
30.10.2018

The share of American companies raising wages hit the highest level

According to a survey conducted by the National Association of Business Economics, 56% of US companies that took part in it reported an increase in employee pay, and no one plans to lower wages in the fourth quarter. The share of companies ...
30.10.2018

US companies operating in China plan to move production out of the country

Against the backdrop of a trade war between the United States and China, which has an impact on the profits of American corporations, more than 70% of US companies operating in the south of China are planning to reduce investment, as well as ...
30.10.2018
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