Company news

Turkey to impose import quotas on steel from October 17

The World Trade Organization announced Turkey’s decision to introduce import quotas on steel from October 17. In addition, the country will also additionally impose duties in the amount of 25% for any deliveries in excess of the established ...
09.10.2018

Saudi Aramco and Total announced the beginning of the development of design documentation for a petrochemical complex in Saudi Arabia

Saudi Aramco, the state-owned oil company of Saudi Arabia, and Total, a French oil and gas company, have announced the start of joint work on the development of documentation for a petrochemical complex in Al Jubail. As previously reported, ...
09.10.2018

IPO of Saudi Aramco will take place until 2021

Saudi Arabian Crown Prince Mohammed bin Salman denied rumors that the state’s oil-producing company Saudi Aramco’s IPO was being postponed and could not be held, saying in an interview with Bloomberg that the initial public offering of oil ...
09.10.2018

Ford plans to reorganize its staff worldwide

American automaker Ford Motor announced that it would reorganize the company as part of a broad plan of Ford's chief executive officer, Jim Hackett, aimed at reducing costs, increasing revenues and restoring stock prices, Dow Jones reports. ...
09.10.2018

Traded value of the London Metal Exchange has grown 9% since the beginning of the year

Traded value on the London Metal Exchange has grown 9% since the beginning of 2018, Matthew Chamberlain, the head of the exchange, said in the interview with Financial Times. The world's largest raw exchange market has increased the indicator ...
09.10.2018

Operating profit of Samsung hit a record in the third quarter

The South Korean company Samsung Electronics, following the results of the third quarter, reported on the growth of operating profit by 20.4% in annual terms to 17.5 trillion won due to good quarterly results of the semiconductor unit. The ...
08.10.2018

The US trade deficit rose to a maximum in six months in August

In August, the US trade deficit reached a maximum of six months value of 53 billion 200 million dollars, having increased from 50 billion dollars in July, official data showed. Experts had predicted an even stronger growth - up to 53 billion ...
08.10.2018

Central Bank of India kept interest rates unchanged

Following the results of the meeting on Friday, the Central Bank of India decided to keep interest rates unchanged, while analysts had expected the Central Bank to raise interest rates in order to reduce inflationary pressure. The regulator ...
08.10.2018

Gold prices have been falling for six months in a row

Gold prices have been falling for six consecutive months amid metal purchases by global central banks. At the end of September, gold fell by 0.9%. Since the beginning of the year, the cost of this precious metal has decreased by 8% and reached ...
08.10.2018

More than 100 British financial companies intend to work in Ireland after Brexit

The popularity of Ireland as a financial hub after the UK’s exit from the EU increased significantly. More than 100 British banks have applied to the Central Bank of Ireland for renewal of their license. After Brexit, they intend to transfer ...
08.10.2018

The head of the European Commission is confident that a compromise on the Brexit issue will be found

The head of the European Commission, Jean-Claude Juncker, said in an interview with the Australian media that “the absence of a deal” under the terms of the UK’s exit from the European Union was not beneficial for any of the parties. In his ...
08.10.2018

Oil prices ended the week in positive territory

Against the background of concerns about the limited supply of fuel in the future due to the introduction of US sanctions against Iran over the past week, Brent crude has risen by 2.4%, WTI - by 2.1%. Analysts also express concerns that Saudi ...
08.10.2018

Canada's unemployment rate fell to 5.9% in September

In September, unemployment in Canada was 5.9%, having decreased from 6% in August, Statistics Canada reported. September unemployment rate coincided with the forecasts of experts. Due to the increase in part-time work, the Canadian economy ...
08.10.2018

Unemployment in the US has fallen to a minimum since 1969

Unemployment in the United States fell in September 2018 to a minimum since 1969 value of 3.7%, the country's Department of Labor reported. In August, unemployment was at 3.9%. Expert estimates suggested a decline in September to 3.8%. The ...
08.10.2018

Housing in the eurozone rose in price by 4.3% in the second quarter

Housing in the euro zone rose in price in the second quarter by 4.3% in annual terms, Eurostat data showed. In the previous month, the annual growth was at 4.5%. Compared to the first quarter, prices rose by 1.4% after rising 0.5% a quarter ...
08.10.2018

Central Bank of India may raise rates for the third time in four months

Reuters conducted a survey in September, which was attended by 64 economists. The results of the survey showed that 35 respondents stated that they expected the rate increase by the Central Bank of India on Friday this week. In July, there ...
05.10.2018

Car sales in the UK fell by 20.5% in September

The number of registered cars in the UK fell by 20.5% in September in annual terms and amounted to 338 thousand 834 cars, the data from SMMT showed. The decline in supply due to the introduction of new testing requirements has negatively affected ...
05.10.2018

The Association of German Banks has lowered German GDP growth forecast for 2019

The Association of German BdB Banks has worsened the forecast for the growth of the German economy in 2019 to 1.8% from 1.9% amid a slowdown in private investment, Reuters reports. The decline in investment by German companies also forced the ...
05.10.2018

Saudi Arabia intends to invest $20 billion in reserve capacity for oil production

The energy minister of Saudi Arabia, Khalid-al-Falih, said that in the next few years, the country's authorities intend to send $20 billion to maintain and expand reserve capacity for oil production. Earlier, he announced plans to increase ...
05.10.2018

Italian bank, the oldest in the world, intends to sell Belgian business to American investment fund

Next week, Italian bank Banca Monte dei Paschi di Siena may announce a sale of about 50 million euros of its division in Belgium to the American investment fund Warburg Pincus, L’Echo reported, citing informed sources. The Belgian business ...
05.10.2018
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