Financial news

10.05.2018 11:00:12

Oil imports in April reached a record high in China

In April 2018, China increased oil imports by 4% to 39 million 460 thousand tons, which is a record indicator for the time of settlement, the data of the Main Customs Administration of the People's Republic of China showed. Over the period ...
10.05.2018 11:00:12

Quarterly profit of Italian bank Intesa has grown by 39%

The net profit of the Italian bank Intesa Sanpaolo grew by 39% year-on-year to €1 billion 250 million in the first quarter, thanks to an increase in net interest income, commission fees and insurance revenue. Analysts had expected the profit ...
10.05.2018 11:00:12

Siemens to restructure in connection with sanctions against Russia

Europe's largest equipment manufacturer, the German concern Siemens has reached an agreement with the unions on the reduction of 7,000 jobs. The concern reported on the harmonization of cost saving measures for the units “Energy and Gas Production” ...
10.05.2018 11:00:12

ECB is confident in the rise of the euro area economy

The chief economist and member of the executive board of the European Central Bank, Peter Prat, speaking in Geneva, said he was confident in the economic recovery of the eurozone, despite disappointing economic data, Bloomberg reports. According ...
10.05.2018 10:00:13

British Foreign Secretary criticized Theresa May's customs plan

British Foreign Minister Boris Johnson criticized the proposal for a customs partnership with the European Union, for which Prime Minister Teresa May spoke and which was supported by Finance Minister Philip Hammond, Daily Mail writes. The British ...
10.05.2018 10:00:13

Munich Re increased its net profit 1.5 times in the first quarter

The net profit of Munich Re, the second-largest reinsurance company, in the first quarter increased by 49% to €827 million due to a reduction in losses. Net investment income of the company decreased for the quarter to 1.8 billion euros from ...
08.05.2018 12:00:20

EC approved ArcelorMittal to buy Italian Ilva

The European Commission allowed the international concern ArcelorMittal to acquire the Italian steel producer Ilva, Deutsche Welle reports. According to the EU Commissioner for Competition, Margrethe Vestager, this transaction will not have ...
08.05.2018 12:00:20

Rystad Energy forecasts an increase in number of approved offshore projects in 2018

Norwegian consulting company Rystad Energy predicts that the number of approved offshore projects in 2018 will grow to 100 compared with 60 projects in 2017, which will contribute to the current rise in the oil market. According to еру experts ...
08.05.2018 11:00:13

Head of the German Steel Association urged EU not to allow flooding of the market with foreign steel

The introduction of the US steel duties has led to an increase in the volume of this metal in the European market, as some producers redirect their products to the EU countries. This was stated by the chairman of the Economic Association of ...
08.05.2018 11:00:13

Japanese regulators announced a tightening of the regulation of crypto exchanges

Japanese regulators are trying to prevent new problems after the hacking in January of the Coincheck exchange. They announced a tightening of the regulation of crypto exchanges. The financial services agency of Japan will introduce more stringent ...
08.05.2018 11:00:13

Wells Fargo settled a securities fraud lawsuit for $480 million

Wells Fargo reported that it had settled a securities fraud lawsuit for 480 million dollars, the finversia.ru project wrote with reference to Dow Jones. Settlement for this amount, accrued as of March 31, has not yet been approved by the District ...
08.05.2018 11:00:13

Blackstone intends to buy Gramercy real estate investment fund for 7.6 billion dollars

The world's largest management company in the field of alternative investments, Blackstone Group, announced the conclusion of an agreement on the acquisition of the real estate investment fund Gramercy Property Trust for 7.6 billion dollars. ...
08.05.2018 10:00:07

Currency reserves of PRC in April fell to a minimum for 5 months

China's foreign exchange reserves, which are the largest in the world, declined in April by 0.6% from March to 3 trillion 124 billion 850 million dollars, which is the minimum figure for 5 months, according to the data of the People's Bank ...
08.05.2018 10:00:07

Industrial production in Latvia increased by 4.5% in the first quarter

According to the results of the first quarter, industrial production in Latvia increased by 4.5% compared to the same quarter last year, data of the Office for Central Statistics showed. Production in the manufacturing industry increased by ...
08.05.2018 10:00:07

Iran opposed the increase in oil prices

Iran, against which the US can restore sanctions, opposed the increase in oil prices. As Bloomberg reports, this is a signal of a split with other OPEC members. Iran's political rival, Saudi Arabia, supports OPEC's readiness to continue the ...
08.05.2018 09:00:07

Economy of Armenia in the first quarter increased by 10.6%

The GDP of Armenia in the first quarter grew by 10.6% in annual terms, the country's Office for National Statistics reported. The volume of industrial production increased by 8.2%. The growth of agricultural production was 2.2%, growth in construction ...
07.05.2018 11:00:11

Unemployment in the US fell below 4% for the first time since 2000

Unemployment in the US in April fell below 4% for the first time since 2000 to 3.9%. During the previous 6 months, unemployment was at the level of 4.1%. According to the US Department of Labor, the number of jobs in the US economy in April ...
07.05.2018 11:00:11

Quarterly revenue of Alibaba grew by 61%

China's Internet giant Alibaba Group Holding in the fourth fiscal quarter, ended in March, reduced its net profit by 33% to 7 billion 561 million yuan in connection with a large one-time financial income in the same quarter a year earlier. ...
07.05.2018 11:00:11

Annual inflation in OECD countries in March accelerated to 2.3%

Consumer prices in the countries of the Organization for Economic Co-operation and Development rose 2.3% in annual terms in March, compared to a rise of 2.2% a month earlier. The price of energy carriers increased by 5.3%, food - by 1.7%. Excluding ...
07.05.2018 11:00:11

Net profit of the IAG in the first quarter increased 13.4 times

The International Consolidated Airline Group, which includes British Airway, in the first quarter of 2018 increased its net profit by 13.4 times year on year to 794 million euros. Operating profit was 919 million euros, up from 141 million ...
07.05.2018 11:00:11

Societe Generale increased its quarterly profit by 13.8%

The French bank Societe Generale in the first quarter of this year increased its net profit by 13.8% year-on-year to 850 million euros. Experts had predicted the figure at 811.5 million euros. Quarterly revenue of the bank amounted to 6 billion ...
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