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Watch exports from Switzerland rose by 4.4% in March

The Federation of the Swiss watch industry reported an acceleration in the growth of watch exports in March to a record 4.4% since October 2018 from 3.4% in February. Its volume amounted to 1 billion 742 million Swiss francs. The growth in ...
19.04.2019

UK retail sales up 1.1% in March

In March, retail sales in the UK rose by 1.1% compared to February, when their rise was recorded at 0.6%. As reported by the ONS, the volume of retail sales has been growing for three months in a row. Analysts did not predict a monthly growth ...
19.04.2019

Taiwan Semiconductor's profit and revenue fell in the first quarter

Taiwan Semiconductor, the world's largest chip maker and one of the main suppliers of American Apple, said that in the first quarter of 2019, its net profit fell almost 3 times compared to the same quarter a year earlier, amounting to 61 billion ...
19.04.2019

Eurozone business activity declined in April

Markit Economics has published preliminary data on the level of business activity in the industry and services of the eurozone in April. The composite PMI for this month was 51.3 points, down from March's value of 51.6 points. The service sector ...
19.04.2019

Eurozone inflation slowed in March to 1.4%

In March, annual inflation in the eurozone was 1.4%, slowing down from 1.5% in February, Eurostat data showed, confirming economists' forecasts. Consumer price growth compared with the previous month was at 1%. The annual inflation rate, which ...
18.04.2019

Inflation in the UK in March remained at the level of February

The British Office for National Statistics recorded an increase in consumer prices in the UK by 1.9% in annual terms in March, just as a month earlier. According to experts, it was expected that March inflation would reach the target level ...
18.04.2019

IBM quarterly revenue declined for the third quarter in a row

The world's largest provider of computer services, International Business Machines, reported in the first quarter that it had reduced revenue by 5% in annual terms to $18 billion 180 million. US IBM revenue declines for the third quarter in ...
18.04.2019

Car sales in the European Union fell by 3.9% in March

The European Automobile Manufacturers' Association (ACEA) reported that in March, car sales in the countries of the European Union fell by 3.9% in annual terms to 1 million 722 thousand cars after declining by 0.9% in February. The fall in ...
18.04.2019

Industrial production in China fell by 8.5% in March

The National Bureau of Statistics of China published two reports on the results of March. According to the first, industrial production in China increased by 8.5% in annual terms, which turned out to be much better than economists' forecasts, ...
18.04.2019

Japan's trade balance surplus fell by 33% in March

The Ministry of Finance of Japan reported that Japan’s trade balance surplus was 528.5 billion yen in March, a decline of 33% from March last year. In March, Japan ended the fiscal year, following which the country recorded the first deficit ...
18.04.2019

China's GDP growth in the first quarter was 6.4%, having exceeded forecasts

The Chinese economy in the first quarter maintained the growth rate of the fourth quarter of last year. At the same time, this indicator shows the minimum increase since the first quarter of 2009. As the National Bureau of Statistics of China ...
18.04.2019

L’Oreal increased revenues by 11% in the first quarter

French L’Oreal, one of the world's largest manufacturer of cosmetics, following the results of the first quarter, reported revenue growth by 11.4% in annual terms to 7 billion 550 million euros. Experts had expected the figure at 7 billion ...
18.04.2019

Netflix attracted a record number of new subscribers in the first quarter

American company Netflix, which supplies movies and TV series based on streaming media, reported that in the first quarter of this year, the number of new users of the service grew by a record 9 million 600 thousand paid subscribers. The indicator ...
18.04.2019

Housing prices in the UK rose in February at the weakest pace in 7 years

The housing market of Great Britain recorded in February the slowest price growth rate in 7 years in annual terms. As reported by the Office for National Statistics, housing prices in the country rose by 0.6% in February after an annual growth ...
18.04.2019

Investor confidence in the German economy exceeded forecasts in April

Economic sentiment in Germany improved significantly in April. As the data of the ZEW Institute showed, the index of investors' and analysts' expectations for the German economy for the next six months reached 3.1 points, rising from March ...
17.04.2019

Lufthansa finished the first quarter with a loss of 336 million euros

The European airline Deutsche Lufthansa reported preliminary financial results of the first quarter, according to which a corrected loss of 336 million euros against EBIT of 52 million euros in the first quarter a year earlier was recorded. ...
17.04.2019

Unemployment in the UK fell in February to 3.9%

Between December last year and February of this year, unemployment in the UK declined by 0.2 percentage points to 3.9% from the previous three months. This figure, calculated according to the methodology of the International Labor Organization ...
17.04.2019

The head of the Federal Reserve Bank of Boston believes that the Fed should change its inflation target to 2%, expanding its range

The unemployment rate in the United States will continue to decline in the short term, despite a slight slowdown in economic growth in the country, the head of the Federal Reserve Bank of Boston, Eric Rosengren, said. He pointed out that even ...
17.04.2019

Johnson & Johnson's net profit in the first quarter decreased by 14.2%

American Johnson & Johnson, the world's largest manufacturer of medical products, following the results of the first quarter, reported the decline in net profit by 14.2% in annual terms to 3 billion 749 million dollars. Adjusted earnings ...
17.04.2019

OECD calculated US, Chinese and global trade losses from high duties

The Organization for Economic Cooperation and Development expects that trade duties, which in 2018 were introduced by the United States and China, will have a negative impact on the growth of world trade. Its pace by 2020 will decrease by 0.4 ...
17.04.2019
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