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ABB, the Swiss engineering group, announced plans to sell 80.1% of the electricity grids division of Power Grids, which is estimated at $11 billion, to Japanese company Hitachi. It is reported that the net income from the sale, expected in ...
Norwegian state-owned oil and gas company Equinor announced the start of gas production at the Aasta Hansteen field in the Norwegian Sea and the sending of the first batch of gas that has already entered the market on Monday. This field is ...
Aircraft companies Boeing and Embraer entered into a strategic partnership agreement providing for the purchase by American Boeing 80% of joint venture with Brazilian Embraer for 4 billion 200 million dollars. The remaining 20% of the joint ...
The financial director of American corporation Google, which is part of the Alphabet holding, Ruth Porat, announced the company's plans to build a new office in New York. It is planned to spend 1 billion dollars to build a new office, which ...
The GE Digital division of American General Electric will be allocated to a separate company, which will remain part of General Electric, but will promote its products under its own brand. A General Electric statement said the new company will ...
The Bank of Latvia improved the growth forecast for the current year from 3.9% to 4.7%. For 2019, the economic growth forecast was raised from 3% to 3.6%, the Deputy President of the Central Bank, Zoja Razmusa, reported. In 2020, the Latvian ...
According to the US Federal Reserve, in November, industrial production in the country increased by 0.6% compared to October, when there was a decrease of 0.2%. The growth rate is two times higher than the growth by 0.3%, predicted by experts. ...
French company LVMH, which produces luxury goods and owns the Bulgari hotel brand, announced that it had reached an agreement to acquire the British hotel operator Belmond for $2,600 million, finversia.ru writes. The offer in the amount of ...
The last meeting of the Federal Reserve System this year is scheduled for December 18-19, and world investors expect that, based on its results, the base rate will be raised to 2.25% -2.5% per annum. However, the main intrigue remains the number ...
IHS Markit showed preliminary data on the composite business activity index in the eurozone in December. The corresponding index was 51.3 points against 52.7 points in November, noting the minimum value since November 2014. In the service sector, ...
The European Automobile Manufacturers' Association reported a decline in car sales in the EU by 8% in annual terms to 1 million 121 thousand cars in November. The reduction has been observed for three months already, which is caused by the ...
According to the results of a survey of 60 economists conducted by The Wall Street Journal, most experts lowered their forecast for the Federal Reserve System’s rate hike in 2019 from 3 to 2. According to their estimates, at the Fed meeting ...
The Ministry of Finance of China announced that starting from January 1 for a period of 90 days the duties on cars imported from the USA will be reduced from 40% to 15%. This move will ease trade tensions between Beijing and Washington. According ...
US-based Adobe Systems, which develops image processing software, reported an increase in net profit of 35% in annual terms to 678 million 200 thousand dollars at the end of the fourth fiscal quarter ended November 30. Quarterly revenue reached ...
Experts at Bank of America Merrill Lynch expect in 2019 a slowdown in global GDP growth to 3.6% from 3.8% this year. According to them, this could lead to a reduction in energy demand and lower oil prices. However, they do not expect a significant ...
According to the trading data, after the end of the meeting of OPEC ministers, as well as OPEC member countries and its partners, on Friday by 23:00 Moscow time, oil prices slowed their growth after a jump of 5%. The price of Brent crude oil ...
Taxi service Uber, which provides services in 65 countries, submitted an application for an IPO to the Securities and Exchange Commission. According to informed sources, Uber filed documents confidentially and the exact date of the IPO is not ...
Altria Group, the largest manufacturer of tobacco products in the United States, announced its intention to purchase a 45 percent stake in Canadian Cronos Group, which specializes in the cultivation of cannabis for medical purposes, for 2 billion ...
The US non-farm sector in November increased the number of employed by 155 thousand, slowing growth rates compared with an increase of 237 thousand in October. Experts had expected growth rate of 200 thousand jobs. The lowest level of employment ...
In November, the US consumer confidence index was 98.3 points, down from 99.6 points in October, preliminary data from the University of Michigan showed. Nevertheless, the index value was higher than the experts' forecast of 98 points. The ...
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