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Company news

20.02.2019 14:01:38

American Walmart reported a 32.4% drop in net profit in 2018-2019 fiscal year

American retail chain Walmart has published a report for the 2018-2019 fiscal year, which ended in late January. During the earnings period, the company recorded a drop in net profit by 32.4% to 6 billion 670 million dollars. At the same time, ...

20.02.2019 14:01:38

Danone's net profit declined by 4.1% in 2018

Report of Danone, the French manufacturer of dairy products, showed that in 2018 its net profit fell by 4.1%, reaching 2 billion 349 million euros. Operating profit of 2 billion 741 million euros marked a further decline, falling by 26.5%. ...

20.02.2019 14:01:38

WTO warned of global trade slowdown

The World Trade Organization reported that the index, reflecting the state of global trade, fell to its lowest level since 2010, amounting to 96.3 points. The WTO develops the index, taking into account data from world trade, export orders, ...

20.02.2019 14:01:38

India launched the first large-scale lithium-ion battery-based energy storage system

On February 13, a ceremony of launching a large-scale lithium-ion battery-based energy storage system was held in the Indian city of Roaymee, Delhi. Its owners and operators are its developers at AES Corporation and Mitsubishi Corporation. ...

20.02.2019 14:01:38

Internet retailer JD.com to reduce the number of top managers by 10%

Representatives of the Chinese online retailer JD.com, the second largest in China after the Alibaba Group, confirmed to Sina Tech the intention of its leadership to reduce the number of top managers this year. It is expected that the composition ...

20.02.2019 13:01:00

Investor confidence in the German economy grew in February

The economic sentiment of German investors and analysts improved in February. The corresponding confidence index, calculated by the ZEW institute, was minus 13.4 points, having increased from January value to minus 15 points. Experts had predicted ...

20.02.2019 13:01:00

Unemployment in the UK is at the lowest since February 1975 level of 4%

In the fourth quarter of 2018, unemployment in the UK was 4%, showing the lowest level since February 1975 and slightly decreasing from 4.1% in the previous quarter, data from the Office for National Statistics showed. The unemployed for this ...

20.02.2019 13:01:00

Watch exports from Switzerland rose by 0.2% in January

The report of the Federation of the Swiss watch industry showed that in January the export of watches from the country grew slightly - by 0.2%, whereas in December it was reported that it fell by 2.8%. In total, in other countries, watches ...

20.02.2019 13:01:00

The largest European bank HSBC reported growth rates in 2018

The largest bank in Europe, HSBC Holdings, following the results of 2018, reported the growth of all indicators. Net income in the amount of 12 billion 610 million dollars showed an increase over the year by 30%. Profit before taxes increased ...

19.02.2019 13:01:51

China unveiled a plan to turn Hong Kong and 10 neighboring cities into an economic hub

The State Council of the People's Republic of China plans to turn Hong Kong and 10 neighboring cities located in the area of the Pearl River Delta into a global center for technology, innovation and economic activity. The South China Morning ...

19.02.2019 13:01:51

London property owners have increased asking prices for homes in February

In London, property owners increased their asking home prices by 3.4% in February, according to the Rightmove real estate website. The average cost of a house in the British capital thus rose to 614,182 pounds, although it still remained 2.1% ...

19.02.2019 13:01:51

The battle against plastic waste will significantly reduce the demand for oil

The results of the fight against plastic waste in the world will have a greater impact on oil and gas companies than expected, the Financial Times writes. In cafes and restaurants, they no longer use plastic straws. Many countries have already ...

19.02.2019 13:01:51

Saudi Arabia will invest $20 billion in Pakistan’s economy

The Crown Prince of Saudi Arabia, Mohammed Bin Salman Al Saud, met with the Prime Minister of Pakistan, Imran Khan, during a trip to Asia. According to Bloomberg, during this meeting, the prince said that the two countries were planning to ...

19.02.2019 13:01:51

UBS predicts China will increase debt in 2019 to support the economy

To support the growth of the Chinese economy, China in 2019 will continue to increase debt, analysts at UBS Group predict. The aggregate financing index in China, according to their estimates, will grow this year by 12%, accelerating the pace ...

19.02.2019 13:01:51

Honda may close a factory in England in 2022, dismissing 3.5 thousand employees

Japanese company Honda, one of the world's largest manufacturers of cars and motorcycles, will soon announce plans to close its plant in the city of Swindon in the UK in 2022, Sky News reported. The report notes that the termination of the ...

19.02.2019 11:02:36

Macquarie raised its iron ore price forecast for 2019 by 22%

Australian company Macquarie Wealth Management reported an increase in the forecast for iron ore prices this year by 22% to 77 dollars per ton, the following year - by 3% to 65 dollars per ton, because of a sharp reduction in oil production ...

19.02.2019 11:02:36

British Reckitt Benckiser in 2018 reduced its net profit 2.9 times

The British manufacturer of household chemicals and medical products, Reckitt Benckiser, following the results of 2018, reported on the fall of net profit by 65%, or 2.9 times, to 2 billion 160 million pounds sterling. Such a significant drop ...

19.02.2019 11:02:36

Car sales in China fell by 17.7% in January

China Association of Automobile Manufacturers (CAAM) has published a report indicating a decline in car sales in the country for the seventh consecutive month. In January, sales fell by 17.7% relative to the first month of 2018. In December, ...

19.02.2019 11:02:36

Head of the Federal Reserve Bank of San Francisco believes the Fed will not raise rates this year

The Chairman of the Federal Reserve Bank of San Francisco, Mary Daily, in an interview with The Wall Street Journal, expressed the view that the Federal Reserve System would not raise the base interest rate this year, since there were no signs ...

18.02.2019 13:03:19

The volume of industrial production in the US unexpectedly declined in January

The report of the US Federal Reserve System on the state of industrial production in January showed that its volume in January relative to December decreased by 0.6%. Experts' forecast suggested an increase of 0.1%. The processing industry ...

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