Company news

The economy of France rose by 0.3% in the fourth quarter

Statistical Office of France reported the final data following the results of the fourth quarter, according to which the country's GDP grew in the fourth quarter of last year by 0.3% compared to the previous quarter and by 0.9% compared with ...
01.03.2019

UK consumer confidence rose slightly in February

The UK consumer confidence index for the country's economy in February was minus 13 points, having increased from January to minus 14 points, GfK NOP reported. The negative value of the index has been observed for 38 months in a row. The British ...
01.03.2019

The economy of Switzerland increased by 0.2% in the fourth quarter

The Swiss economy grew in the fourth quarter by 0.2% after a decline of 0.3% a quarter earlier, the State Secretariat for the Economic Affairs reported. Experts had predicted a more significant increase - by 0.4%. Compared to the same period ...
01.03.2019

Activity in the processing industry in China fell in February to 3-year low

PMI activity index in the processing industry of China amounted to 49.2 points in February, having decreased from the January level of 49.5 points to the minimum level for the last 3 years, data from the country's National Bureau of Statistics ...
01.03.2019

French Engie will leave 20 countries, implementing a strategy based on renewable energy sources

French energy and gas company Engie announced its new strategy aimed at developing renewable energy sources. In the next three years, she intends to leave 20 countries where it has been mining for coal, getting rid of these traditional energy ...
01.03.2019

The economy of India grew 6.6% in the fourth quarter

In the fourth quarter of 2018, the growth of the Indian economy slowed to 6.6% relative to the same quarter last year from 7.1% in the third quarter, official data showed. Economists also expected a slowdown in economic growth, but only to ...
01.03.2019

Economic growth in Brazil in the fourth quarter did not reach forecasts

The Brazilian economy in the fourth quarter added 0.1% compared to the third quarter, when its growth was at the level of 0.5%, official data showed. Economists had expected a 0.2% rise in GDP. Compared with the same quarter a year earlier, ...
01.03.2019

Net profit of IAG increased by 45% in 2018

Aviation holding International Consolidated Airlines Group, following the results of 2018, reported on the net profit growth by 45% to 2 billion 890 million euros. Revenues amounted to 24 billion 410 million euros, an increase of 6.7%. During ...
01.03.2019

Sweden's GDP growth in the fourth quarter exceeded forecast 2 times

The Swedish economy grew by 1.2% in the fourth quarter after declining by 0.1% in the previous quarter, official data showed. The quarterly figure exceeded twice the growth by 0.6%, which was predicted by economists and the Swedish Central ...
01.03.2019

Aston Martin completed 2018 with a loss of 68 million 200 thousand pounds sterling

British Aston Martin Lagonda, which produces sports cars, following the results of 2018, reported a pre-tax net loss of 68 million 200 thousand pounds sterling, whereas in the previous year it reported a profit of 84.5 million pounds. The cost ...
01.03.2019

German Bayer reduced its net profit by 9.1% in 2018

Bayer, the German chemical and pharmaceutical concern, reported on its results for the fourth quarter and 2018 as a whole. In the fourth quarter, the company recorded a net loss of 3 billion 924 million euros, compared with a profit of 148 ...
28.02.2019

Inflation in Canada slowed to 1.4% in January

Annual inflation in Canada slowed down in January to 1.4% from 2% in December, official statistics showed. Economists had expected a less significant slowdown - up to 1.5%. A significant backlog of inflation from the Bank of Canada's target ...
28.02.2019

Rio Tinto increased its net profit by 56% in 2018

Mining company Rio Tinto reported a net profit growth of 56% to $13 billion 640 million in 2018, which was promoted by the sale of some assets. EBITDA at the end of the year was $18 billion 140 million, a decrease of 2% over the year. At the ...
28.02.2019

Marks & Spencer and Ocado announced the creation of a joint venture in the field of food trade

Two British companies - Marks & Spencer, a chain of department stores, and Ocado, the online supermarket, - create a joint venture in the field of food trade. The companies published a joint announcement announcing that they would own 50% ...
28.02.2019

Hong Kong's economy grew by 3% in 2018

The growth rate of the Hong Kong economy in the fourth quarter of last year was the slowest since the first quarter of 2016. The growth was at the level of 1.3% compared to the same quarter of 2017, while the increase expected by experts was ...
28.02.2019

Government of the Netherlands increased its equity stake in Air France-KLM

The Dutch government has increased its stake in the French-Dutch airline Air France-KLM to 12.68% from 5.9%. According to the Minister of Finance of the country, Wopke Hoekstra, the government plans to continue acquiring the shares of the air ...
28.02.2019

Fiat Chrysler to invest $4.5 billion in capacity expansion

Fiat Chrysler Automobile plans to invest 4.5 billion dollars in the expansion of production capacity, implementing a plan for its reorganization, the implementation of which was launched by the former head of the American automaker, Sergio ...
28.02.2019

General Electric reduced its staff by 30 thousand employees in 2018

The annual report of General Electric showed that the American corporation in 2018, carrying out the restructuring of operations, sold a number of assets and reduced the number of staff by 30 thousand to 283 thousand. This figure was the lowest ...
28.02.2019

Net profit of Best Buy doubled in the fourth quarter

The quarterly report of the world's largest electronics retailer, Best Buy, for the three months to February 2 showed a 2-fold net profit growth compared with the same period a year earlier to $735 million. Adjusted earnings of 2 dollars 72 ...
28.02.2019

Business and consumer confidence in the eurozone fell in February to the lowest level since 2016

The aggregate index of business and consumer confidence in the eurozone in February pointed to a deterioration in confidence in the region for the 10th month in a row and was the lowest since November 2016. According to the European Commission, ...
28.02.2019
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