AuthorPeretz M.

Akzo supplies Hudson Yards coatings in New York

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For the glass and steel structure of Hudson Yards 30 New York uses powder coatings from the paint concern AkzoNobel. This is the recently completed tower that is slightly higher than the Empire State Building. No financial details of the prestigious job were revealed.   Hudson Yards 30 is about 387 meters high and also has the highest outside observation deck in the western hemisphere. That is at...

Beyond Meat exceeds expectations

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Beyond Meat, producer of meat substitutes has strongly boosted sales in its first quarter as a listed company. However, the net loss was also higher, but this was partly due to higher interest charges and spending on research and development. The operational loss, on the other hand, declined. Turnover was three times as high as in the first quarter of the broken financial year 2018 and amounted...

US consumer spending further up

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Consumer spending in the United States increased by 0.3 percent in April compared to a month earlier. The US Department of Commerce announced the data. Economists generally expected an increase of 0.2 percent. In March, spending went up by a revised 1.1 percent. Consumer spending accounts for around 70 percent of the US economy. The personal incomes of American consumers increased by 0.5 percent...

Turkey out of recession, but for how long?

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The Turkish economy recovered in the first quarter and is therefore no longer in recession. In the run-up to the Turkish elections, Turkish banks provided more loans and spending went up, suggesting a temporary revival. Gross domestic product in the country grew by 1.3 percent on a quarterly basis. The previous three quarters have contracted. On a yearly basis there was a contraction of 2.6...

US economic growth slightly less strong

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The economy of the United States grew slightly less in the first quarter of this year than previously thought. According to a new estimate by the US government, growth was 3.1 percent on an annual basis. With a preliminary estimate this was 3.2 percent. In the fourth quarter of 2018, the world’s largest economy still grew by 2.2 percent. The downward adjustment over the past period is...

Trading of French Casino hypermarket shares suspended

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Trading in shares of supermarket group Casino on the stock exchange in Paris is stalled until further notice. Trading in parent company Rallye is also no longer possible. The companies say they will provide a statement later on Thursday. Until the moment of suspension, the Casino shares were 8 percent lower at the lowest point in eight months. Those in the know speculate about impending debt...

Goldilocks at the stock markets around the World

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It seems like a Goldilocks situation. Goldilocks is the nickname for parameter setting in which the markets are not overheated, not too cold, but “just right”, just like the porridge plates in the story about the three bears. Thanks to a series of better-than-expected business results and good growth figures, the stock markets went well last month, and yesterday the mood only got...

Billions in sales will be lost as Deutsche and Commerz Bank megre

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The merger of Deutsche Bank and Commerzbank could result in a loss of turnover of one to one and a half billion euros. This can happen due to customer loss after a possible merger. Insiders say that to press agency Bloomberg. The size of the revenue loss would be one of the most important considerations for a possible green light before the merger. The management of both banks previously...

Euronext receives positive feedback on Oslo Børs acquisition

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Stock exchange operator Euronext has received a positive recommendation from the Norwegian financial regulator regarding an acquisition of Oslo Børs. Watchdog Finanstilsynet informs the Ministry of Finance that Euronext should be approved as a suitable owner of the Norwegian stock exchange operator. Euronext welcomes the advice and is now waiting for the latest approval from the Ministry, an...

Magister School system went offline due to a DDoS attack

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The commonly used online platform for Magister schools was poorly performing or unavailable for hours on Friday morning due to a DDoS attack, Magister says. According to Magister, the system was hit by a DDoS attack on Friday morning around 10 a.m. The malfunction was resolved around noon. Due to the malfunction, both teachers and students were unable to log in to the system. Many schools use...

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