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Company news

15.03.2019 11:02:08

Lufthansa lowered net profit by 39% in the fourth quarter

Germany's leading airline Lufthansa, following the results of the fourth quarter, reported on the fall in net profit by 38.7% in annual terms to 343 million euros. Its revenue in the amount of 8 billion 950 million euros showed an annual growth ...

15.03.2019 11:02:08

Inflation in France was 1.3% in February

In February, consumer price growth in France, according to national standards, accelerated in annual terms to 1.3% from 1.2% in January, and in monthly terms, prices remained unchanged. This is evidenced by the final report of Insee. February ...

15.03.2019 11:02:08

Wholesale prices in India rose by 2.93% in February

One of the most important inflation indicators for the Central Bank of India, the wholesale price index, rose in February by 2.93%. Regarding the increase of 2.76% in March last year, the growth rate of the index accelerated in February, but ...

15.03.2019 11:02:08

The number of companies planning to hire new employees has declined in China

The number of companies planning to hire new employees in the second quarter of this year has decreased in China, CNBC writes. According to a survey of 4 thousand 209 Chinese firms conducted by ManpowerGroup, only 6% of respondents stated their ...

15.03.2019 11:02:08

Sinopec plans IPO of the sales division

Chinese petrochemical corporation Sinopec, which announced plans to restructure its oil business in February, plans to hold an IPO of Sinopec Sales. According to the president of Sinopec, Ma Yunshen, the sales division is currently considering ...

15.03.2019 11:02:08

SoftBank and Toyota intend to invest $1 billion in the unit dealing with drones

Reuters, referring to informed sources, reported that negotiations were held by a group of investors led by Japanese companies SoftBank and Toyota Motor on investments of about $1 billion in the unmanned driving unit of Uber Technologies, finversia.ru ...

15.03.2019 11:02:08

Net profit of the German RWE decreased in 2018 5.7 times

The net profit of the German energy company RWE in 2018 decreased 5.7 times to 335 million euros. During the earnings period, the adjusted EBITDA fell by 28.4%, amounting to 1 billion 540 million euros. Revenue at the end of the year was at ...

15.03.2019 11:02:08

Most Wall Street economists are waiting for the Fed to raise rates until September

In March, The Wall Street Journal conducted a survey of 66 Wall Street economists, which showed that 57% of respondents predict that the Federal Reserve would raise the base interest rate in September or even later. The share of such survey ...

15.03.2019 10:02:03

Industrial production in China grew in the first two months of 2019 at the lowest rate in 17 years

Industrial production in China for the period from January to February 2018 increased by 5.3% compared to the same period a year earlier, the Office for National Statistics of the country reported. Its report points to a slowdown in growth ...

14.03.2019 11:01:27

National Bank of Georgia has lowered refinancing rate for the second time since the beginning of the year

The National Bank of Georgia announced the decision taken at the March meeting to lower the refinancing rate to 6.5% from 6.75% per annum. This year, the National Bank of Georgia has reduced the rate already 2 times. The regulator said that ...

14.03.2019 11:01:27

The British Ministry of Finance has lowered the forecast for GDP growth in the UK for 2019

British Secretary to the Treasury, Philip Hammond, during a spring appeal to parliament, reported a drop in the forecast for GDP growth in the UK in 2019 to 1.2% from a 1.6% rise expected earlier. The Ministry of Finance left the forecast for ...

14.03.2019 11:01:27

Rothschild family intends to take bank Edmond de Rothschild Group private

Bloomberg reported on the plans of the family of French banker Benjamin de Rothschild to repurchase all shares of the Edmond de Rothschild Group, as well as its intention to delist the Swiss bank founded by Benjamin’s father Edmond de Rothschild ...

14.03.2019 11:01:27

The number of the US durable goods orders rose 0.4% in January

In January, the number of orders for durable goods in the United States rose by 0.4% compared to December, when there was an increase of 1.3%, the country's Department of Commerce reported. This came as a surprise to economists, since they ...

14.03.2019 10:01:23

Adidas increased revenue in 2018 to a record level

German sports goods manufacturer Adidas reported that in 2018, revenue and profit margins reached record levels due to substantial sales growth in North America and China, as well as due to increased sales through online stores. Revenues amounted ...

14.03.2019 10:01:23

Annual profit of the world's largest clothing retailer increased by 2%

Spanish company Inditex, which owns large chains of clothing stores, reported on the results of the fiscal year ended January 31. According to its accounts, net profit amounted to 3 billion 440 million euros, having increased over the year ...

14.03.2019 10:01:23

Nissan intends to withdraw the Infiniti brand from Western Europe

The reporting of the Japanese automaker Nissan at the end of last year showed weak sales of Infiniti cars in the European market, which caused the company’s decision to withdraw this brand from the Western European market in early 2020. The ...

14.03.2019 10:01:23

India’s inflation accelerated to 2.57% in February

Consumer prices in India fell in February compared with January by 0.07%, official data showed. At the same time, annual inflation accelerated to 2.57% from the January level of 1.97%, but its value remains well below the target level of the ...

14.03.2019 10:01:23

Brexit without a deal will result in a loss of 2.35% of GDP for Belgium

Belgium may lose more than 42 thousand jobs and 2.35% of GDP due to the UK's withdrawal from the EU without an agreement. This was announced to journalists in Brussels by the representative of the Federation of Belgian Enterprises, Peter Timmermans. ...

14.03.2019 10:01:23

Worldwide spending on artificial intelligence will grow by 38% annually

Analysts of the international research company International Data Corporation predict that in 2019 the cost of artificial intelligence systems in the world will grow by 44%, reaching almost 35 billion 800 million dollars. In the future, each ...

13.03.2019 13:02:05

German carmaker Volkswagen reported on the results of 2018

The report of German automaker Volkswagen for 2018 showed a net profit increase of 6.1% to 4 billion 620 million euros and an increase in revenue by 1.7% to 78 billion euros. According to the annual report, the Volkswagen Group, which owns ...

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