Company news

US producer prices rose 0.2% in September

In September, producer prices in the United States increased by 0.2% compared with August, when the figure unexpectedly fell by 0.1%, the country's Department of Commerce reported. The rise in prices in August coincided with the forecasts of ...
11.10.2018

The price of benchmark crude started to fall on Wednesday

Oil prices on Wednesday accelerated their negative movement, the fears related to the approach of Hurricane Michael, which is expected to be the strongest for the state of Florida in the last 14 years, did not prevent the fall. Official data ...
11.10.2018

Inflation in Greece reached a 9-month high in September

In September, consumer prices in Greece increased by 1.1% year-on-year, which was the highest since November 2017, the Hellenic Statistical Authority reported. In August, inflation was at 1%. The acceleration of inflation in the country has ...
11.10.2018

The growth of wholesale orders in the US accelerated in August

According to the US Department of Commerce, wholesale inventories in the country increased by 1% in August after rising 0.6% a month earlier. In annual terms, the growth of reserves amounted to 5.3%. Expected further growth in wholesale stocks ...
11.10.2018

Hong Kong to add artificial islands to solve the problem of housing shortage

In Hong Kong, they plan to solve the problem of housing shortages by adding artificial islands, on the territory of which they will build on a large scale. According to Demographia, the property market in Hong Kong over the past 8 years is ...
11.10.2018

Macquarie expects Tesla shares could rise by more than 70%

Experts at Macquarie Research predict Tesla shares will grow by more than 70%. Macquarie assigned a “better than market” rating to the American automaker, noting that investors should regard Tesla as a technology company, not as a car manufacturer. ...
10.10.2018

The economic optimism index in the United States rose unexpectedly in October

The economic optimism index in the US rose in October to 57.8 points from 55.7 points a month earlier, data from the Investor’s Business Daily and TechnoMetrica Institute of Policy and Politics showed. The growth of the index, which is noted ...
10.10.2018

Ford intends to reduce the number of jobs

Ford’s chief financial officer, Bob Shanks, said in an interview with NBC News that the American automaker, as part of a strategic plan to improve the company's operations, intends to make the staff more compact by reducing the number of jobs. ...
10.10.2018

Chinese Internet giant Tencent bears a significant loss in market value

The capitalization of the Chinese Internet company Tencent has decreased by 38% since January 2018, when the value of its shares jumped 100-fold after the initial public offering of shares in Hong Kong in 2004. This is the most significant ...
10.10.2018

A group of investors is considering the purchase of Nielsen for $ 17 billion

A number of large institutional investors, such as Blackstone and H&F private equity funds, plan to file a joint application for the acquisition of Nielsen Holdings, which provides data and marketing information, the Financial Times reports, ...
10.10.2018

Volkswagen sales plummeted in September due to new testing procedure

Sales of German automaker Volkswagen in September fell by 18.3% compared with the same month last year and amounted to 485 thousand cars. Such a sharp drop in sales was caused by the introduction of a new procedure for testing passenger cars ...
10.10.2018

South Korean Hahn&Co completes the acquisition of SK Shipping

South Korean investment company Hahn&Co announced the completion of the acquisition of a 90% stake in the shipping company SK Shipping for $1, 350 million from the energy conglomerate SK Group, finversia.ru writes. According to LNG World ...
10.10.2018

HSBC predict the return of the attractiveness of European stocks in 2019

HSBC Private Banking predicts that next year the stock market in Europe will recover due to slower growth in the US economy. This year, about 43 billion dollars were withdrawn from the European market, as investors were wary of risks of a political ...
10.10.2018

The IEA called its major producers for an increase in oil production

The International Energy Agency called the countries of OPEC and other major oil producers for the increase of their production, Bloomberg reports. In its appeal, the IEA notes the danger of the current situation, as the oil markets are entering ...
10.10.2018

Oil prices grow as Hurricane Michael gets closer

The suspension of oil production in the Gulf of Mexico due to the approaching hurricane “Michael” raised concerns about a possible shortage of fuel in the market and pushed oil prices to further increase. It is expected that hurricane “Michael” ...
10.10.2018

BHGE to buy a 5 percent stake in the ADNOC drilling division

One of the world's largest American oilfield services companies, Baker Hughes, a GE announced that it intends to acquire a 5% stake in ADNOC Drilling, a drilling division of the Abu Dhabi National Oil Company, for $550 million, finversia.ru ...
09.10.2018

Export of oil from Iran continues to decline in October

In September, export of oil from Iran decreased by 450 thousand barrels per day compared to the level before the introduction of US sanctions and amounted to 1 million 700 thousand barrels per day. This calculation was provided by the Norwegian ...
09.10.2018

France's economy is expected to grow 0.5% in the third quarter

The Bank of France surveyed the leaders of the French business, the survey showed that the French economy would grow by 0.5% in the third quarter. The previous forecast suggested an increase of 0.4%. The business activity index in manufacturing ...
09.10.2018

French Connection has announced the possible sale of the company

Chairman of the Board of Directors and Executive Director of French Connection, the British retailer of clothes, Stephen Marks, said last weekend that he wanted to sell his 41.6 percent stake in the company, Sky News reported. Another 27% stake ...
09.10.2018

The BCC survey showed that the UK economy was stuck in a routine

In the third quarter, growth in the British economy slowed down, and business confidence declined, a quarterly survey of the British Chamber of Commerce BCC showed. The balance of production companies that reported a decrease in domestic sales ...
09.10.2018
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