Company news

The head of the Federal Reserve Bank of San Francisco spoke in favor of a slow and gradual increase in interest rates

The head of the Federal Reserve Bank of San Francisco, Mary Daly, who recently took the post of the head of the Federal Reserve Bank, in her first public speech stated the need for a slow and gradual increase in interest rates by the Federal ...
18.10.2018

Saudi Aramco export capacity increased by resuming Yanbu terminal

Restoring the operation of the Yanbu South Terminal in Saudi Arabia, represented by a tank farm for receiving, storing and loading Arab light and super-light oil, strengthens the role of Saudi Aramco as a reliable supplier of energy resources ...
18.10.2018

Bank of America has reduced staff by 30% since 2010

Bank of America CEO Brian Moynihan said in an interview with CNBC that since 2010, when he was appointed head of the bank, Bank of America has reduced its staff by 30%, and at the end of the third quarter of 2018, it accounts for 204,000 employees. ...
18.10.2018

Residential real estate in the UK went up in August by 3.2% in annual terms

In August 2018, residential real estate in the UK went up by 3.2% compared to August last year, which was the smallest growth since 2013, ONS reported. Housing prices in London, where they have stagnated for 6 months, declined by 0.2% in August. ...
18.10.2018

The EU is ready to extend the Brexit transition period for a year

The European Union is ready to prolong the transition period after the UK’s withdrawal from the EU at the end of October next year, since additional time is needed to conclude a trade agreement between the parties. Western media, citing diplomats ...
18.10.2018

The net profit of UnitedHealth rose 28.3% in the third quarter

The largest US health insurance company UnitedHealth Group in the third quarter recorded a net profit of $3 billion 188 million, which is 28.3% higher than a year earlier. Adjusted earnings were 3 dollars 24 cents per share, an increase of ...
17.10.2018

Consumer prices in Italy rose by 1.4% in September

Annual inflation in Italy in September, calculated according to national standards, was 1.4%. Compared with the August figure of 1.6%, inflation slowed down in September, the final data from Istat showed. Relative to the previous month there ...
17.10.2018

Investor confidence in the German economy fell in October

In October, the index of investor and analyst confidence in the German economy over the next six months was minus 24.7 points, down from minus 10.6 points in September, the ZEW Research Institute reported. Over the previous two months, it has ...
17.10.2018

Unemployment in the UK for 3 months to August was 4%

For the period from June to August, unemployment in the UK, calculated according to the methods of the International Labor Organization, dropped to 4% from 4.2% in the previous three months, statistics from ONS showed. The index in June-August, ...
17.10.2018

BlackRock reported quarterly profit growth of nearly 30%

In the third quarter, the net profit of BlackRock, the world's largest company in terms of assets, grew by almost 30% in annual terms to $1 billion 220 million. The adjusted profit of the US investment company at 7 dollars 52 per share exceeded ...
17.10.2018

German automakers have a 50% chance of maintaining world leadership in the next 10 years

German automakers need to transform their business in accordance with the new rules, obliging to reduce emissions by 35% by 2030. Otherwise, their chance to remain leaders in the automotive industry will be only 50%, Volkswagen CEO Herbert ...
17.10.2018

Experts expect a slowdown in China’s GDP growth in the third quarter to a minimum since 2009

68 economists, who took part in a Bloomberg survey, expect, following the results of the third quarter, the growth of the Chinese economy by 6.6% year-on-year from the first quarter of 2009 due to the trade war between the USA and China. However, ...
17.10.2018

Uber received an IPO offer from Morgan Stanley and Goldman Sachs

American corporation Uber Technology has received from Morgan Stanley and Goldman Sachs banks a proposal to organize an initial public offering of its shares, Dow Jones reports, citing informed sources. Banks calculated that the cost of Uber ...
17.10.2018

Johnson & Johnson increased its quarterly profit by 4.5%

The world's largest producer of health products, Johnson & Johnson, reported an increase in net profit in the third quarter by 4.6% in annual terms to 3 billion 934 million dollars. Adjusted earnings were 2 dollars 5 cents per share, while ...
17.10.2018

Oil shipments from the United States to China dropped sharply in the third quarter

China has lost the status of the largest buyer of American oil, which had in the first half, The Wall Street Journal writes. In the third quarter, oil exports from the United States to China plummeted amid a trade war between the two countries. ...
17.10.2018

US retail sales rose weakly in September

Data from the US Department of Commerce showed that in September, weak growth in retail sales in the country by only 0.1% compared to August was significantly lower than analysts' forecasts, who had expected growth of 0.6%. The consequences ...
16.10.2018

The National Bank of Kazakhstan raised the base rate for the first time since February 2016

For the first time since February 2016, the National Bank of Kazakhstan raised the base rate to 9.25% per annum with a +/- 1% corridor. The increase was 0.25%. This was reported by the regulator on Monday. The chairman of the Central Bank of ...
16.10.2018

Bank of America increased its third-quarter net profit by a third

Bank of America, the second in terms of assets American bank, according to the results of the third quarter, reported an increase in net profit by 33.3% in annual terms to $7 billion 200 million. Calculated per share, the bank's profit was ...
16.10.2018

Spanish petrochemical corporation Cepsa postponed IPO

Spanish petrochemical corporation Cepsa has postponed initial public offerings due to the situation in global stock markets under pressure in the context of ongoing trade disputes between the US and China, as well as due to Brexit uncertainty ...
16.10.2018

American Sears has declared bankruptcy

The American corporation Sears Holdings, which owns retail stores and in its century-long history not so long ago held a leading position in the United States, announced the commencement of bankruptcy proceedings in accordance with Chapter ...
16.10.2018
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