AuthorOliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

Friday stock performance is 0.8-1.8 percent lower

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The stock exchanges in New York closed considerably lower on Friday. Just like a day earlier, sentiment was again depressed by concerns about the new corona virus and the economic consequences of the ongoing outbreak. Investors also focused on, among other things, operating results such as those of tractor builder Deere. The Dow-Jones index closed 0.8 percent lower at 28,992.41 points. The broad...

German market drives Alumexx turnover higher, but the exact figures are yet unknown

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Amsterdam-listed Alumexx, wants to pay extra attention to further growth in Germany in the first half of this year. The manufacturer of aluminum ladders for the do-it-yourself market reported this with its trade update. Alumexx cannot yet reveal the results for 2019, because the company has not yet been able to find a suitable accountant. Alumexx said it saw its turnover increase strongly on the...

Japanese economy has contracted in Q4 2019

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The Japanese economy contracted sharply last quarter. A tax increase led to a sharp fall in business and consumer spending in the Asian country. This is the first contraction for Japan in more than a year. Moreover, the setback is much stronger than the average economists expected. The so-called gross domestic product (GDP) shrank by 6.3 percent on an annual basis in the three months to the end...

Kenes Rakishev and Roman Trotsenko are in the race for GV Gold as Chinese Fosun bites the dust

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The major Chinese investment fund Fosun steps down from the competition for one of the few gold mining companies available for sale. It has been reported that Fosun no longer pursuits the acquisition of Russian GV Gold mining company. RBK, a reputable source in business information, said that only Kenes Rakishev from Kazakhstan and Roman Trotsenko from Russia left competing for the Yakutia and...

CNOOC goes on partial quarantine

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The Chinese state oil and gas company CNOOC has stopped accepting supplies of liquefied natural gas (LNG) due to the outbreak of the new corona virus. Sources reported this to Bloomberg news agency. CNOOC would invoke force majeure. According to the insiders, CNOOC has informed LNG suppliers such as Shell and Total not to purchase LNG for the time being. The state-owned company is the largest...

Corona virus pushes Nikkei back

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The Japanese stock market started on Monday with a substantial loss in the last week of January. The fear that the outbreak of the corona virus in China is more difficult to contain than hoped and the rapidly rising death toll caused a negative mood. Companies in the tourism sector in particular were under pressure from the expectation that people will travel less because of the corona virus. At...

Bombardier and Alstom think of merging railway branches

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Canadian aircraft and train manufacturer Bombardier is talking to French company Alstom about a merger of the two companies’ train branches. That is what Bloomberg press agency writes based on insiders. This also involves preliminary discussions that may not lead to a deal at all. Moreover, a cooperation can still encounter competition concerns. Major train manufacturers have been trying...

Race for GV Gold continues as Fosun left Kenes Rakishev and Roman Trotsenko competing for the company

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With gold price rising and the precious metal returning as a valuable mean of security the fight for decent mining operations intensifies. GV Gold – a full-cycle gold mining company is up for sale. And the competitions is very tight, Talk Finance points out. Fosun investment umbrella corporation does not intend to buy GV Gold mining company also known as “PAO Vysochayshiy”...

Urgent advice to the government: switch off Citrix

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The national government is strongly advised to eliminate Citrix. This is the new recommendation of the National Cyber โ€‹โ€‹Security Center (NCSC) of the Ministry of Justice and Security, partly based on advice from the intelligence service AIVD. Vital organizations, such as the energy supply, the telecom and financial sectors, are also advised to deport Citrix, which is used, among other things, to...

KLM is no longer flying over Iran and Iraq

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After intensive internal consultation, KLM has decided, until further notice, not to fly through the airspaces of Iran and Iraq. The same applies to other international airlines. According to KLM, flights will be made via alternative routes. A KLM spokesperson reports that there was no crisis consultation this morning on the situation in the Middle East. “We are always optimizing flights...

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