Company news

Annual inflation in the OECD countries accelerated to 2.8% in June

Consumer prices in the countries participating in the Organization for Economic Cooperation and Development rose 2.8% in June in annual terms after rising by 2.6% in May. The increase in energy prices accelerated to 10.4% from 9.1% a month ...
03.08.2018

LSE increased its pre-tax profit by 30% following the results of the first half of the year

The operator of the London Stock Exchange in the first half of the year increased its pre-tax profit by 30% year-on-year to 360 million pounds sterling. Adjusted operating profit rose 21% to 480 million pounds, while analysts had predicted ...
03.08.2018

The Australian Government has allocated a grant of 8 million 300 thousand dollars to a cryptocurrency start-up

The Australian Government has allocated a grant of 8 million 300 thousand dollars to the start-up named TravelbyBit, finversia.ru wrote. According to the Cointhelegraph, Australian authorities plan to develop tourism by creating new outlets ...
03.08.2018

Oil continued to decline based on data on reserves in the US

On Thursday, oil prices continued to decline based on data on the unexpected growth of commercial inventories in the US. According to official data, last week commodity stocks of oil in the US increased by 3 million 800 thousand barrels, while ...
03.08.2018

Net profit of Prada increased by 10.7% following the results of the half-year

Italian fashion house Prada in the first half of 2018 increased its net profit by 10.7% in annual terms to 105 million 700 thousand euros. The profit before tax and interest payments increased by 16% and amounted to 159 million 200 thousand ...
03.08.2018

The Bank of England raised its benchmark interest rate from 0.5% to 0.75%

The Bank of England at its meeting on August 2 decided to increase the base interest rate by 0.25 percentage points to 0.75%. The regulator first unveiled its vision of a neutral rate level, in which monetary policy will neither stimulate nor ...
03.08.2018

The mayor of London expects that the loss of jobs in the financial sector by the official date of Brexit will amount to 5 thousand to 13 thousand

The Mayor of London, Charles Bowman, said that the loss of jobs in the financial sector by March 30, 2019 will be from 5 thousand to 13 thousand. The authorities of the City of London estimate that job cuts after Brexit are lower than those ...
03.08.2018

Producer prices in the euro area and the EU rose by 0.4% in June

Producer prices in the euro area increased by 0.4% in June 2018 compared to the previous month, when their growth was 0.8%, according to Eurostat. Analysts had expected a 0.3% rise in producer prices. Compared with June last year, the price ...
03.08.2018

The largest financial group of the Netherlands ING increased its quarterly profit by 4.2%

The largest financial group of the Netherlands, ING, reported second-quarter net profit growth of 4.2% year-on-year to 1 billion 429 million euros, helped by higher interest income and commission income. The basic pre-tax profit amounted to ...
03.08.2018

The net profit of Air France-KLM fell more than 5 times in the second quarter

The Franco-Dutch company Air France-KLM, Europe's largest air carrier, reported a 81.6% fall in annual earnings, or 5.4 times, in the second quarter, to 109 million euros, due to losses because of strikes. Operating profit decreased from 586 ...
02.08.2018

The fall in oil prices intensified on Wednesday

The fall in oil prices intensified on Wednesday based on data on the unexpected growth of oil reserves in the United States. Last week, oil reserves in the US increased by 5 million 600 thousand barrels, distillates - by 2 million 900 thousand ...
02.08.2018

Restaurant Brand increased its net profit 1.4 times following the results of the first half of the year

Restaurant Brand International, one of the world's largest operators of fast food chains, increased its net profit 1.4 times year-on-year to $593 million in the first half of the year, finversia.ru reported citing company reports. Revenues ...
02.08.2018

Tesla intends to invest 5 billion dollars in the construction of a plant in China

American company Tesla, specializing in the production of electric vehicles, solar cells and other energy storage systems, plans to invest $5 billion in the construction of a plant near Shanghai. The company said that it intends to launch production ...
02.08.2018

Activity in the manufacturing sector of the UK increased at the slowest pace in 3 months in July

The purchasing managers index in the manufacturing industry of the UK fell to 54 points in July from 54.3 points a month earlier, IHS Markit showed. The growth of the industrial sector in July was the slowest in 3 months. The growth rates of ...
02.08.2018

China Tower has attracted 6 billion 900 million dollars during the IPO

China Tower Corp, the world's largest in terms of revenue owner of cellular towers, has hosted the world's largest IPO in the last two years, CNBC reported. During the initial public offering of shares on the Hong Kong stock exchange, the company ...
02.08.2018

The Central Bank of Azerbaijan has kept the discount rate at the level of 10%

The Central Bank of Azerbaijan has kept the discount rate at the level of 10%, the lower threshold of the interest corridor is kept at 8%, the upper one - at the level of 12%. This was stated by the Chairman of the Board of Directors of the ...
02.08.2018

Internet giant Baidu increased quarterly profit 1.5 times

The net income of the Chinese Internet giant Baidu in the second quarter of 2018 increased by 45% in annual terms, or 1.5 times, to 6 billion 400 million yuan. Adjusted earnings per share were 21.06 yuan, while analysts had predicted 16.46 ...
02.08.2018

Freight traffic in China rose by 6.9% in the first half of the year

The total volume of freight traffic by various modes of transport in China in the first half of 2018 increased in annual terms by 6.9% to 23 billion 210 million tons, the Ministry of Transport of China reported. Cargo transportation by rail ...
02.08.2018

The net profit of Ferrari increased by 18% in the second quarter

The Italian manufacturer of sports cars Ferrari in the second quarter increased its net profit by 18% year-on-year to 160 million euros. On a per share basis, the figure rose to 85 cents, while analysts had predicted 80 cents. Quarterly revenues ...
02.08.2018

Unemployment in the euro area remained at the May level of 8.3%

In June 2018, the unemployment rate in the euro area remained at the May level of 8.3%, which is the lowest since December 2008, Eurostat reported. The indicator coincided with the forecasts of analysts. Unemployment in the European Union remained ...
01.08.2018
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