Unternehmensnachrichten

UK consumer confidence improved in May

In May, consumer confidence in the UK economy, according to GfK, amounted to minus 10 points, rising from minus 13 points in April. The figure exceeded economists' forecasts, who had expected it to rise to minus 12 points. Last month, only ...
03.06.2019

The head of the European Commission rejected the possibility of revising the Brexit agreement

The European Union does not plan to hold new negotiations with the UK to conclude another agreement on Brexit. This was stated by the head of the European Commission, Jean-Claude Juncker, which denied messages in the media made by a number ...
30.05.2019

Business conditions in the UK services sector continued to deteriorate rapidly

Over the three months to May, the UK services sector has experienced further deterioration. A survey of service providers conducted by the Confederation of British Industry, showed a drop in the balance of business volumes by 19%, which is ...
30.05.2019

Bank of Canada expectedly kept interest rates unchanged

The Bank of Canada announced the decision taken at the meeting in May to leave interest rates unchanged. The overnight rate was kept at 1.75%. The Canadian regulator expects economic growth to accelerate in the second quarter. According to ...
30.05.2019

Capri Holdings predicted earnings in the current quarter below analysts' expectations

American fashion house Capri Holdings reported that, according to its estimates, profits in the current fiscal quarter would not reach economists' forecasts, since the company planned large investments after purchasing the Versace brand and ...
30.05.2019

US banks increased net profit by 8.7% in the first quarter

In the first quarter, US banks increased their cumulative net income by 8.7% year-on-year to $60.7 billion. These data are reported by the Federal Deposit Insurance Corporation. Of the 5,362 US financial institutions, statements of which were ...
30.05.2019

Sweden's economy grew by 0.6% in the first quarter

According to official statistics, the economy of Sweden in the first quarter increased by 0.6% compared to the fourth quarter, when economic growth was twice as high - at the level of 1.2%. At the same time, the growth rate was better than ...
30.05.2019

Unemployment in Germany rose in May to 5%

In Germany, in May, unemployment was recorded at the level of 5%, data from the country's Federal Employment Agency showed. Compared with the April level of 4.9%, the unemployment rate rose in May, while analysts assumed that it would remain ...
30.05.2019

Quarterly growth of the French economy is estimated at 0.3%

The final data from Insee confirmed a preliminary estimate of France’s GDP growth in the first quarter at 0.3% compared with the previous quarter, when a rise of 0.4% was recorded. The indicator met the forecasts of economists. Relative ...
30.05.2019

Inflation in France slowed down to 1% in May, consumer spending rose above forecasts

In May, consumer prices in France, according to national standards, increased by 1% from the same month a year earlier, a preliminary assessment of Insee statistics showed. Compared with the April price increase of 1.1%, annual inflation slowed ...
30.05.2019

Inflation in Venezuela in 2018 exceeded 130 thousand percent

The first report on inflation in the country, published over 3 years by the Central Bank of Venezuela, showed that in 2018 its level reached 130060%. Since the beginning of 2019, the largest increase in consumer prices – by 196.6 – ...
30.05.2019

The Association of German Chambers of Industry and Commerce lowered the forecast for economic growth in the country for 2019

The Association of German Chambers of Industry and Commerce, based on data from a survey of about 25 thousand companies, has worsened Germany’s GDP growth forecast for 2019 from 0.9% to 0.6%, which is mainly due to lower expectations ...
29.05.2019

Car sales in the US fell by 2.1% in May, according to experts from industry consulting companies

Experts from consulting companies JD Power and LMC Automotive expect car sales in the United States in May to be about 1.56 million units, down 2.1% from a year earlier. At the same time, retail sales of new cars, according to their estimates, ...
29.05.2019

The Swiss economy grew 0.6% in the first quarter

The Swiss economy in the first quarter increased by 0.6% compared to the fourth quarter, when growth was at the level of 0.3%. This was announced by the Swiss State Secretariat for Economic Affairs. According to economists, an increase of only ...
29.05.2019

Watch exports from Switzerland fell by 0.4% in April

The Federation of the Swiss watch industry published data on the dynamics of watch exports from Switzerland in April, recording the first decline in four months. A total amount of Swiss watches shipped abroad is 1.755 billion Swiss francs. ...
29.05.2019

US Global Payments and Total System have agreed to merge

Global Payments and Total System Services, which provide payment processing services in the United States, will merge through a share exchange. As informed sources told Bloomberg, the transaction volume is estimated at $21.5 billion. In the ...
29.05.2019

The composite confidence index in the euro area rose in May

The European Commission published data on the dynamics of the composite business and consumer confidence index in the euro area in May. The Institution recorded its growth for the first time since June 2018. Index value in May was at the level ...
29.05.2019

General Electric plans to cut 1,000 jobs in France

The diversified American company General Electric can reduce about one thousand jobs in France. According to a union source, the dismissal will affect mainly the company's employees working at its site in Belfort, in the east of France, where ...
29.05.2019

Consumer sentiment in Germany will worsen in June

The research company GfK expects a deterioration in consumer sentiment in Germany in June amid falling economic expectations. The leading consumer confidence index, calculated by GfK, was 10.1 points, falling from the May value of 10.2 points. ...
29.05.2019

Brazilian Petrobras may sell stake in 27 oil and gas fields

Petrobras, the largest oil and gas company in Brazil, announced its intention to sell 100% of its share in the oil and gas fields in the state of Espirito Santo in the south-east of the country. The sale offer also includes infrastructure accompanying ...
29.05.2019
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