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US industrial production declined by 0.1% in March

In March, industrial production in the United States decreased by 0.1% after rising 0.1% in February. This was reported by the US Federal Reserve. The figure last month fell unexpectedly, as experts expected it to grow by 0.2%. The Fed report ...
17.04.2019

Growth in construction in the eurozone reached a two-year high in February

In February, an increase in construction volumes of 3% was recorded in the eurozone compared to the previous month, when they decreased by 0.8%, Eurostat reported. This was the highest increase since February 2017. Compared with the same month ...
17.04.2019

Bank of America increased net profit by 6% in the first quarter

One of the largest banks in the United States, Bank of America, following the results of the first quarter, reported about the growth of net profit by 6 % in annual terms up to 7 billion 300 million dollars. Earnings per share in the amount ...
17.04.2019

German entrepreneurs appreciate the benefits of EU membership

The Association of German Chambers of Industry and Commerce conducted an online survey of owners and top managers of 1,800 enterprises from all key sectors of Germany. 67% of respondents said that the European Union is better than they think ...
17.04.2019

Quarterly profit of Goldman Sachs fell 20%

American bank Goldman Sachs, following the results of the first quarter, reported on the reduction of its net profit by 20% in annual terms to 2 billion 182 million dollars. Profit of 5 dollars 71 cents per share, however, turned out to be ...
16.04.2019

Sales of mobile phones in China fell by 6% in March

The China Academy of Information and Communications Technology under the Ministry of Industry and Information Technology reported a decline in mobile phone shipments in the country for the fifth month in a row. According to the ministry, in ...
16.04.2019

Citigroup increased net profit by 2% in the first quarter

One of the largest US banks, Citigroup, reported that in the first quarter, its net profit amounted to 4 billion 710 million dollars, having increased by 2% compared to the same period last year. Profit per share amounted to 1 dollar 87 cents ...
16.04.2019

The World Bank and the IMF have launched a test cryptocurrency

The International Monetary Fund and the World Bank have launched a private testing of the private blockchain and “quasi-cryptocurrency” called Learning Coin, which has no real value and is not a classic cryptocurrency. According to the Financial ...
16.04.2019

Houses in the UK rose in price by 1.1% in April

In April, house prices in the UK rose by 1.1% compared to March, Rightmove informs. Compared with April last year, the price of homes in the country fell by 0.1%. The average selling price of a home was £305,450. It is noted that houses for ...
16.04.2019

Trafigura commodity trader will gain control over the Nyrstar zinc company

Belgian Nyrstar, which is experiencing financial difficulties, reported that in October last year it had begun to revise its structure of share capital. In the fourth quarter of 2018 and the first quarter of this year, it experienced an outflow ...
16.04.2019

S&P affirmed the ratings of Georgia, having improved the forecast

The international rating agency S&P Global Ratings reported that it had confirmed Georgia's long-term foreign and national currency ratings at BB-. Short-term ratings affirmed at “B”. The agency also changed the forecast of the ratings ...
16.04.2019

The National Bank of Kazakhstan reduced the base rate to 9%

The National Bank of Kazakhstan announced a decision to lower the base rate from 9.25% to 9% with an interest rate corridor of +/- 1. Such a move by the regulator is due to rising prices in foreign markets and a slowdown in inflation in the ...
16.04.2019

Unemployment in Turkey has reached its highest level in almost 10 years

For the period from December to February, unemployment in Turkey reached 14.7%, noting the highest level in almost 10 years, according to official statistics. In the previous three months to January, unemployment was at the level of 13.5%. ...
16.04.2019

Analysts expect Chinese GDP to grow by 6.3% in the first quarter

Reuters conducted a survey of economists, which showed that in the first quarter of this year, China’s economic growth is expected to slow down to the weakest level in 27 years. Reports that a trade deal between the United States and China ...
16.04.2019

Quarterly profit of Wells Fargo exceeded forecasts

Wells Fargo, the second largest US bank, reported on the results of the first quarter of 2019. During the earnings period, the bank recorded a net profit of $5 billion 860 million, which is 14% more than in the same period a year earlier. Earnings ...
15.04.2019

German Merck buys American Versum for 5 billion 800 million euros

German Merck, the world's oldest pharmaceutical, chemical and biological company, announced its intention to acquire American electronic components manufacturer Versum for 5 billion and 800 million euros. The boards of directors of both companies ...
15.04.2019

US consumer confidence declined in April

US consumer confidence declined in April. According to preliminary data from the University of Michigan, the corresponding index was 96.9 points, down from 98.4 points in March. According to economists, it was expected to have a less significant ...
15.04.2019

German inflation slowed to 1.4% in March

In March of this year, inflation in Germany, calculated according to EU standards, slowed to 1.4% from 1.7% in February. According to Destatis, the March figure was the lowest since April 2018. Compared to the previous month, the increase in ...
12.04.2019

China recorded inflation at 2.3% in March

Consumer prices in China rose in March compared to the same month of 2018 by 2.3%. As shown by data from the National Bureau of Statistics, inflation accelerated compared with its February value of 1.5%. The largest price increase was recorded ...
12.04.2019

Volkswagen is exploring the possibility of acquiring a large stake in Chinese JAC Motors

German automaker Volkswagen is considering the possibility of buying a large stake in the Chinese JAC Motor, which is its partner in the joint production of electric vehicles in China. For this purpose, Goldman Sachs investment bank was involved ...
12.04.2019
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