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US GDP in the fourth quarter of last year slowed growth to 2.2% in annual terms against a 3.4% rise in the previous quarter. Thus, the country's Department of Commerce revised downward its preliminary estimate of a 2.6% growth. Economists had ...
Brazilian state and judicial bodies have frozen assets of the mining company Vale in the amount of more than 16 billion reals. This was reported by the Brazilian company, which due to an accident at a mine in Minas Gerais on January 25 suspended ...
In the coming days, Japanese corporation Sony will close its plant for the production of smartphones in Beijing. Production will be transferred to the company's plant in Thailand. According to Reuters, Sony expects to cut costs 2 times, which, ...
A sharp rise in the price of palladium has caused the appearance of a “bubble”, Anglo American CEO, Mark Cutifani, said during the Financial Times Commodities Global Summit in London. At the same time, Cutifani does not expect its steady decline ...
The European Commission published data on the level of business and consumer confidence in the eurozone economy in March. The data indicated that the corresponding composite index in the region dropped to the lowest since October 2016 - to ...
Four high-ranking sources in the US government told Reuters about large-scale concessions made by China in the technology sector during trade negotiations with the United States. In particular, this is a move away from forcing US companies ...
The operator of the Tokyo Stock Exchange JPX intends to buy the Tokyo Commodity Exchange Tocom. In June, it is expected that a tender for the purchase of Tocom shares will be announced. The merger transaction should be completed in fiscal 2020. ...
Chinese company ZTE, which produces telecommunications equipment, reported that by the end of 2018 recorded a net loss in the amount slightly above $1 billion. The company became unprofitable last year as a result of paying a fine to the US ...
Next month, German carmaker Daimler may conclude an agreement on the sale of 50% of Smart, the division of Chinese Geely, which became Daimler’s majority shareholder last year. This was reported by sources familiar with the situation. The Smart ...
American insurance corporation Centene acquires its competitor WellCare Health Plans. According to Reuters, the company confirmed this information. The transaction is estimated at 15 billion 270 million dollars, which the American insurer will ...
The volume of retail sales in the UK dropped sharply in March of this year, falling by 18% in annual terms, a survey of 105 British firms, conducted by the Confederation of British Industry, showed. The March drop in the indicator was the most ...
If the deal with the European Union, proposed by British Prime Minister Theresa May, is not ratified by the British Parliament, the European Union can offer to postpone the withdrawal of the United Kingdom on March 31, 2020, the Guardian writes, ...
In January, Canada’s trade deficit amounted to 4 billion 200 million US dollars, having decreased from the December level of 4 billion 800 million dollars. Exports grew for the first time since July 2018, reaching 47 billion 600 million dollars. ...
Next month, German carmaker Daimler may conclude an agreement on the sale of 50% of Smart, the division of Chinese Geely, which became Daimler’s majority shareholder last year. This was reported by sources familiar with the situation. The Smart ...
Chinese authorities are phasing out a subsidy program for manufacturers of cars on alternative energy sources. Reuters writes that the relevant information is available on the website of the Ministry of Finance of China. The five-year subsidy ...
Japan’s state budget for the fiscal year, which begins April 1, 2019 and ends March 31, 2020, for the first time in country's history exceeded 100 trillion yen. The Kyodo agency reported that the state budget was adopted by the Upper House ...
French automaker Renault intends to return to negotiations with Japanese automaker Nissan on the merger of companies, the Financial Times writes, citing informed sources. According to sources, Renault also plans to purchase the Fiat Chrysler ...
The profit of industrial enterprises in China in the first two months of the year showed a record drop since the end of 2011. According to the National Bureau of Statistics, the cumulative figure for January and February amounted to 708 billion ...
In January, the US trade deficit was fixed at the level of 51 billion 100 million dollars. According to the country's Department of Commerce, the figure fell by 14.6% against December, showing the fastest rate of decline since March 2018. Economists ...
Finnish coffee manufacturing company Pauling announced plans to reorganize its business operating model. The reorganization involves the creation of four units instead of the existing division by brand and product category. It will affect the ...
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