Company news

Credit Suisse doubled its net profit following the results of the second quarter

Swiss bank Credit Suisse Group in the second quarter increased its net profit 2 times year-on-year to 647 million Swiss francs. Analysts had expected the figure at 596 million francs. The gain was 5 billion 600 million francs, while analysts ...
01.08.2018

Oil prices decreased moderately

On Tuesday, oil prices declined moderately on reports of an increase in production in Russia and amid lower fears concerning Iranian oil. As a source familiar with statistics told Interfax, in July, Russia produced 1 million 530 thousand tons ...
01.08.2018

Inflation in the euro area accelerated in July to a maximum since late December 2012

In July, the growth of the composite consumer price index in the euro area reached its highest level since December 2012 – 2.1%, after an increase of 2% in June, according to data from Eurostat. Thus, finversia.ru wrote, inflation in the eurozone ...
01.08.2018

The revenue of Chinese Huawei increased by 15% in the first half of the year

Huawei, one of the leading manufacturers of smartphones in China, in the first half of the year increased its revenue by 1% in annual terms to 325 billion 700 million yuan. Operating margin was 14%. The company said that “ensuring the security ...
01.08.2018

The quarterly profit of Panasonic grew by 18%, revenue - by 8%

The net profit of Panasonic, one of the leading consumer electronics manufacturers, increased by 18% year-on-year in the first financial quarter, which ended in June, to 57 billion 400 million yen. Operating profit was 100 billion yen, increased ...
01.08.2018

BMW to invest 1 billion euros in the construction of a plant in Hungary

The German manufacturer of luxury cars BMW announced its intention to invest about 1 billion euros in the construction of a new plant in the Hungarian city of Debrecen. At the plant, which will produce up to 150,000 cars a year, more than 1,000 ...
01.08.2018

GDP growth of Italy was 0.2% in the second quarter, GDP of Spain was 0.6%

GDP of Italy grew in the second quarter of this year by 0.2% compared to the first quarter, when the rise was 0.3%, according to the statistical agency Istat. Thus, the economic growth in Italy has slowed, but coincided with the forecasts of ...
01.08.2018

The economy of the eurozone grew by 0.3% in the second quarter

The economy of the eurozone in the second quarter grew at the weakest pace since the second quarter of 2016. According to preliminary data of Eurostat, GDP of the euro area grew by 0.3% compared to the first quarter and by 2.1% in annual terms. ...
01.08.2018

BP increased quarterly profits 3-fold

British oil company BP in the second quarter increased the adjusted by cost of reserves replacement profits 3.2 times in annual terms to 1 billion 789 million dollars due to higher oil prices and increased production. According to the results ...
01.08.2018

Oil rose in price against the background of risks of supply disruptions

Oil prices showed growth on Monday amid continuing risks of supply disruptions. Because of the beginning of the workers' protest action, three deposits in the North Sea reduce oil production. The supply of oil by Saudi Arabia through the Bab-el-Mandeb ...
31.07.2018

Business and consumer confidence in the euro area declined in July

In July 2018, the consolidated business and consumer confidence index in the euro area economy fell to the lowest since August 2017, to the value of 112.1 points from 112.3 points in June, the European Commission reported. Analysts had predicted ...
31.07.2018

The economy of Sweden exceeded forecasts in the second quarter

In the second quarter of this year, GDP of Sweden increased by 1% compared to the first quarter, when its growth was 0.7%, according to preliminary official data. Analysts had predicted a slowdown to 0.5%. Compared to the same period last year, ...
31.07.2018

GDP growth of Latvia slowed in the second quarter

In the second quarter, the economy of Latvia, adjusted for seasonal fluctuations and adjustments for working days, increased by 0.8% compared to the previous quarter, when growth was 1.5%, according to preliminary data from the Bureau for Central ...
31.07.2018

Consumer prices in Germany increased by 2% in July

Consumer prices in Germany, calculated according to national standards, increased in July by 2% in annual terms after growth of 2.1% in June, preliminary data of the Office for Federal Statistics show. Analysts had expected the index to grow ...
31.07.2018

Mortgage lending in the UK in June reached a 5-month high

Approved applications for mortgages in the UK reached a 5-month maximum in June 2018, the Bank of England said. In June, creditors approved 65 thousand 619 mortgage loans in comparison with approved in May 64 thousand 684 loans. Growth in consumer ...
31.07.2018

China invited the UK to negotiate a free trade agreement after Brexit

Foreign Minister Wang Yi, speaking to journalists after a meeting with British Foreign Minister Jeremy Hunt, said that the countries agreed to strengthen trade ties and increase mutual investment. Jeremy Hunt noted that the Chinese Foreign ...
31.07.2018

Net profit of Caterpillar increased 2.1 times in the second quarter

The American company Caterpillar, the world's largest producer of road construction and mining equipment, said that in the second quarter, its net profit increased 2.1-fold year-on-year to $1 billion 710 million. Adjusted earnings increased ...
31.07.2018

The prices for Apple products can grow after the introduction of the new US duties on goods produced in China

Apple devices can fall under new US tariffs on products manufactured in China, which, in turn, can lead to higher prices for company products, the Financial Times reported. Smart watches, speakers and headphones, representing the fastest growing ...
31.07.2018

Referendum on the final conditions of Brexit can be held in the UK

Journalists of The Independent initiated a petition calling for a referendum on the final conditions for the withdrawal of Britain from the European Union. The petition has already collected signatures of about 378 thousand Britons, and the ...
31.07.2018

Quarterly indicators of profit and revenue of Moody's surpassed market forecasts

Moody's Corporation, which owns one of the world's largest rating agencies, reported a second quarter increase in its net profit to 376 million 200 thousand dollars from 312 million 200 thousand dollars for the same period last year. Adjusted ...
30.07.2018
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