AuthorMaurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

Delta joins the no-flight-to-China club

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The American airlines Delta Air Lines and American Airlines have also stopped their flights to China for the time being. Concerns about the spread of the new corona virus in that country prompted companies to take this measure. Delta was the first American airline to follow the example of KLM, Air France and British Airways, among others. American Airlines announced the same decision moments...

December US home sales fall m/m, still strong

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The number of home sales handled in the United States fell by 4.9 percent in December compared to a month earlier. The American branch association of brokers reported this. It is the largest decrease since May 2010, partly because fewer homes were put up for sale. On average, economists had expected an increase in the number of provisional sales by 0.5 percent. In November these upcoming home...

Semiconductor companies enjoy Intel better-than-expected report

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The European chip sector may move on Friday after the better-than-expected results of the American chip company Intel. The company benefited from the increasing demand for chips for data centers last quarter. Partly as a result, the chip maker turned its strongest year ever in terms of turnover. Intel also set ambitious plans for 2020. Investors were pleased with the results. In the so-called...

Hugo Boss sales figures increased 4 percent in Q4 2019

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The German fashion house Hugo Boss posted a higher profit and turnover in the fourth quarter of 2019. The company mainly benefited from better sales performance in Europe and in particular in Great Britain and France. Sales also increased in mainland China, but business in the United States declined. Revenue adjusted for exchange rate effects, on the basis of preliminary figures, increased by 4...

Jet Airways is transferring its Dutch activities to KLM

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The bankrupt Indian airline Jet Airways is transferring its Dutch activities to KLM. Jet reported this in a statement to the Indian stock market regulator. There was no mention of the assets in question. Jet did, however, say that when the deal is completed, it only concerns the sale of parts and that the shareholder structure is not affected. Jet was once the largest airline company in India...

Kenes Rakishev acquired 100 percent of Amanat Insurance Co

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Fincraft Investment House bought 100 percent share of the Amanat insurance company, KASE reports. Fincraft is owned by Kenes Rakishev. The acquisition of Amanat made Fincraft a leading player on the Kazakhstan insurance market both in retail and the business segments. Fincraft decision was permitted by the National Bank of Kazakhstan. 23 December the National Bank adopted the order to allow...

German inflation at 1.5 percent in December

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Inflation in Germany in December was 1.5 percent on an annual basis. The German Federal Statistical Office reported this on the basis of a definitive figure.
A month earlier, consumer prices went up by 1.1 percent. German consumer prices rose by 0.5 percent on a monthly basis. On the basis of the European harmonized measurement method, German inflation amounted to 1.5 percent.

Malaysia Airlines suspended the infamous 737 Max jet order

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Aviation company Malaysia Airlines has suspended the order for aircraft of the type 737 MAX at Boeing this year. It is therefore the first airline in Southeast Asia to take such a step, since the aircraft have been grounded for safety reasons worldwide. This after two fatal crashes in a short time. Malaysia Airlines came to the decision, because it is still unclear when the jets will be put back...

Nissan management intends to put an end to cooperation with Renault

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The management of automaker Nissan is investigating whether it can end the many years of cooperation with partner Renault. The British business newspaper Financial Times writes this based on insiders. The plan would include a division of the production and design departments. The poor relations between the Japanese and the French came to the fore in the aftermath of the fall of car magnate Carlos...

Asian stock exchanges entered the New Year with optimism

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The Chinese stock markets gained ground on Thursday. The vote was supported by a positive figure on Chinese industry and a measure by the Chinese central bank to boost slowed economic growth. The other stock exchanges in the region showed a mixed picture on the first trading day of the new year. The stock exchange was still closed in Japan. Trading in Tokyo will not resume until Monday, January 6...

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