Company news

Oil prices rose based on data on the reduction in stocks in the US

On Wednesday, oil prices accelerated their growth, reaching maximum marks for the week, based on data on a sharp decline in US fuel inventories. As reported by the American Petroleum Institute, last week, oil reserves in the US fell by 5 million ...
23.08.2018

Quarterly earnings and revenue of Xiaomi exceeded forecasts

Chinese electronics manufacturer Xiaomi Corporation following the results of the second quarter of 2018 recorded a net profit of 14 billion 630 million yuan against a loss of 11 billion 970 million yuan for the same quarter last year. The company's ...
23.08.2018

The growth in commissioned construction projects in Australia exceeded forecasts in the second quarter

The volume of commissioned construction projects in Australia in the second quarter of 2018 increased by 1.6% compared to the previous quarter, when the rise was 2.4%, finversia.ru wrote with reference to the data of the Australian Bureau of ...
23.08.2018

The Central Bank of Japan can reduce large-scale incentive measures due to the steady growth of the country's economy

 Former board member of the Bank of Japan, Koji Ishida, said in an interview with Reuters that a confident growth of the Japanese economy should allow the country's Central Bank to reduce large-scale incentive measures even before the ...
23.08.2018

American Airlines announced the reduction of 11 flights in late 2018 - early 2019

The world's largest in terms of revenue airline, American Airlines Group, reported that it would cut 11 international routes in late 2018 - early 2019 to reduce costs. As reported by the International Air Transport Association (IATA), jet fuel ...
23.08.2018

The US authorities approved the sale of 11 million barrels of oil from the strategic reserve

The US Department of Energy reported that the country's authorities approved the sale of 11 million barrels of oil from the strategic reserve in the period from October 1 to November 30 this year. The Budget Law of 2015 and the Health Act of ...
23.08.2018

Decrease in retail sales in Canada coincided with forecasts in June

In June of this year, retail sales in Canada decreased by 0.2% compared to the previous month, when growth was registered by 2.2%, up to 50 billion 666 million Canadian dollars, according to the Statistics Canada. The indicator coincided with ...
23.08.2018

German Chancellor Angela Merkel to discuss supplies of Caspian gas to Europe during her visit to Baku

German Chancellor Angela Merkel meets with the President of Azerbaijan, Ilham Aliyev, during a visit to Baku on Saturday to discuss the supply of Caspian gas to Europe via the Southern Gas Corridor. The Southern Gas Corridor Project stipulates ...
23.08.2018

The budget surplus of the UK exceeded forecasts in July

In July 2018, the budget surplus of the UK increased by £1 billion compared to June last year and reached its maximum of 2 billion pounds, data of the Office for National Statistics showed. Traditionally, the budget deficit is fixed in July, ...
22.08.2018

Credit Suisse was the first bank to issue debt linked to the SOFR rate

Swiss bank Credit Suisse was the first among banks to issue debt, tied to the rate of SOFR instead of the traditional LIBOR. The Financial Times, citing sources, wrote that the New York division Credit Suisse placed a 6-month deposit certificate ...
22.08.2018

Samsung does not plan to enter the automotive market

South Korean corporation Samsung said that it did not plan to enter the automotive market. The official statement was published in response to rumors that Samsung is working on its own self-managed car, and reports of the company's allocation ...
22.08.2018

Adab Solutions launches the first Islamic cryptocurrency exchange

Adab Solution has launched the first Islamic cryptocurrency exchange, which meets the standards set by the Shariah Advisory Council. The new exchange will use only halal cryptocurrency transactions, that is, only those that are allowed and ...
22.08.2018

British manufacturers continue to benefit from the weakening of pound

Manufacturers of Great Britain continue to benefit from the dropping pound sterling, Bloomberg reports. The volume of production and orders in the country grew in August at a rate exceeding the long-term average, although the overall economic ...
22.08.2018

Directorate General of Craftsmen and Artisans of Turkey proposes to abandon the “all inclusive” system in hotels

Directorate General of Craftsmen and Artisans of Turkey again proposed to abolish the all-inclusive system in hotels, Mynet Haber writes. Representatives of the Directorate General believe that this system “destroys the authenticity of the ...
22.08.2018

The composite leading indicators index of South Africa increased in June

The composite leading indicators index of South Africa increased in June to 107.1 points from 105.9 points in May, finversia.ru writes referring to data from the South African Reserve Bank. A positive contribution to the composite index in ...
22.08.2018

Industrial orders in the UK slowed their growth in August

The balance of industrial orders in the UK fell in August to 7 points from 11 points a month earlier, a survey of British manufacturers conducted by the Confederation of British Industry showed. 31% of producers pointed at the increase in the ...
22.08.2018

Aluminum production in the world grew by 2.8% in July

Aluminum production in the world increased in July this year by 2.8% in annual terms to 5 million 472 thousand tons, according to the International Aluminum Institute. The most significant drop in production was recorded in South America - ...
22.08.2018

The growth rates of British food retailers are far behind German Aldi and Lidl

The growth rates of British food retailers are far behind the German discounters Aldi and Lidl, Kantar Worldpanel said. Over 12 weeks to 12 August, sales of the largest retailer Tesco rose by 1.8%, helped by the rise in stores of the Express ...
22.08.2018

The current account surplus of Germany will remain the largest in the world this year, according to Ifo

The current account surplus of Germany, despite the increased trade tension, is likely to remain the largest in the world in 2018 for the third consecutive year, according to the report of Ifo. To reduce global economic imbalances and stimulate ...
21.08.2018

Chinese consumers of Iranian oil move their cargoes to Iranian tankers

To keep the volume of Iranian oil supplies at the same level after the introduction of US sanctions against Iran, Chinese oil consumers are beginning to move their cargoes to vessels belonging to the National Iranian Tanker company, Reuters ...
21.08.2018
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