Company news

Australia expects the reduction of steel production in China in 2019

The Australian Ministry for Industry, Innovation and Science expects steel production in China to reach a peak of 886 million tons in 2018, and then to decline in 2019 to 861 million tons due to weaker domestic demand, which will be observed ...
03.10.2018

PepsiCo quarterly profit grew by 16%

The world's largest US producer of soft drinks PepsiCo reported that following the results of the third fiscal quarter ended September 8, its net profit in annual terms grew by 16% to 2 billion 498 million dollars. Adjusted earnings reached ...
03.10.2018

EU tightens control over cash flow

The press service of the Council of the European Union reported that the new regulation, approved to improve control over cash, will make it possible to more effectively combat the financing of terrorism, money laundering and tax fraud. Back ...
03.10.2018

Thomson Reuters completes the sale of F&R majority stake in American Blackstone

Thomson Reuters announced the completion of a deal with the American Blackstone Group for the sale of a majority stake of the Financial&Risk unit, finversia.ru writes. The cost of the unit providing data and news mainly to clients in the ...
03.10.2018

Goldman Sachs to become AIFC Exchange shareholder

The press service of the International Financial Center of Astana in Kazakhstan announced that Goldman Sachs had become another shareholder of the AIFC Stock Exchange. One of the world's largest investment banks agreed to buy back about 108,480 ...
03.10.2018

Tesla shares rose 15% based on information on dispute settlement between Musk and the SEC

Last week on Friday, the SEC announced the launch of an investigation against the founder of Tesla, Elon Musk, who announced on Twitter that he was going to make the company non-public. Because of this message, Tesla shares fell by 13.9% to ...
02.10.2018

Shares of General Electric rose 15% after the resignation of the head of the company

On Monday, General Electric CEO John Flannery resigned, promising to reduce the number of jobs and close several units to make the company smaller. However, as reported by the company, the pace of transformation under the leadership of Flannery ...
02.10.2018

Oil prices continued to grow

Fears of a shortage of fuel amid US sanctions against Iran are pushing oil prices up. As of 5 pm Moscow time on Monday, Brent crude futures for December delivery rose 48 cents to 83 dollars 13 cents a barrel. WTI oil rose in price by 27 cents ...
02.10.2018

Fitch affirmed Kazakhstan's ratings at BBB with a stable outlook

The international rating agency Fitch affirmed the ratings of Kazakhstan at the level “of BBB”, reporting on a “stable” outlook on the ratings. The agency pointed to strong state and external balance sheets of the country. At the same time, ...
02.10.2018

The partnership between Ford, Uber and Lyft will give city authorities unprecedented access to traffic data

Ford, Uber and Lyft have announced a collaboration on the SharedStreets project, which transforms data from various sources into a publicly available global standard. The project contributes to more efficient management of transport infrastructure ...
02.10.2018

A decline in the Australian real estate market lasts for a year

In the real estate market in Australia, a decline has been observed for a year already, Bloomberg writes. In September, property prices fell by 0.5%. In this case, half of all sales of homes in Australia in terms of money accounted for Sydney ...
02.10.2018

EU considers the work with the United States on the implementation of the July agreements constructive

The European Commission believes that it constructively cooperates with the United States on the implementation of trade agreements reached in July by US President Donald Trump and EC head Jean-Claude Juncker, a spokesman for the European Commission ...
02.10.2018

The business activity index in the US manufacturing sector fell in September lower than it was expected

The business activity index in the US manufacturing sector in September was 59.8 points, having decreased from 61.3 points in August, the Institute for Supply Management told. The fall of the index turned out to be more significant than it ...
02.10.2018

Business growth in the eurozone is at a minimum of two years in September

PMI in the manufacturing sector of the eurozone dropped in September to a minimum for 2 years of 53.2 points from 54.6 points in August, according to IHS Markit. However, the index remained above 50 points, that is, in the zone of business ...
02.10.2018

Implementation of a $200 billion solar project in Saudi Arabia postponed indefinitely

Saudi government officials told The Wall Street Journal that the implementation of the world's largest solar energy project worth $200 billion in the country has been postponed indefinitely. It was planned that the project in partnership with ...
02.10.2018

Prices for homes in Hong Kong decreased in August for the first time in 29 months

In Hong Kong in August, it was recorded a decline in house prices for the first time since March 2016. According to the Hong Kong rating and valuation department, the decrease compared to July was 0.076%. According to calculations conducted ...
01.10.2018

The volume of M&A in the world declined in the third quarter

The volume of mergers and acquisitions in the world decreased by 35% in the third quarter relative to the second quarter and amounted to 783 billion dollars, finversia.ru reports citing Reuters. The reason for the reduction of M&A is the ...
01.10.2018

The world's largest pharmacy chain to pay $34.5 million fine

US Securities and Exchange Commission (SEC) concluded that the statements of the former chief executive and CFO of Walgreens Boots Alliance that the merger of Walgreen and Alliance Boots in 2012 would increase financial costs more than it was ...
01.10.2018

JPMorgan expects an increase in Apple's capitalization by 20% by the end of 2019

Capitalization of the American Apple, which exceeded a trillion dollars in August, will grow by another 20% by the end of 2019, the price of its one share will be 272 dollars, analysts of JPMorgan believe. According to analyst Samik Chatterjee, ...
01.10.2018

Economic forecast for October 1

Australia will present an index of activity in the manufacturing sector from AIG and inflation data from TD Securities. In Japan, there will be indices of business activity in the services sector and in the manufacturing sector.Eurozone will ...
01.10.2018
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