The Italian government is considering rescuing the Ilva plant with a bridging loan if ArcelorMittal steel group abandons the takeover of the gigantic steel plant in southern Italy. The Italian newspaper Il Messaggero writes that, without mentioning where it got that information. The loan would amount to 700 million to 800 million euros. This should keep the bankrupt factory up and running while...
The stock markets in New York seem to start almost flat on Tuesday. Investors on Wall Street are particularly looking forward to a speech by President Donald Trump later in the day. It will be closely monitored for comments on the Sino-American trade struggle. Trump’s speech at the Economic Club of New York should begin around 6 p.m. (Dutch time). He said last weekend that trade talks with...
KLM Cityhopper has signed a definitive agreement for the purchase of 21 aircraft from the Brazilian manufacturer Embraer. That is six more than when a provisional purchase contract was signed during the Paris air show earlier this year. This concerns devices of the E195-E2 type. Earlier this year, the companies agreed a provisional deal for the purchase of fifteen planes and the option for...
Germany’s goods exports rose more strongly than expected in September. This is apparent from figures from the German Federal Statistical Office. Exports increased by 1.5 percent compared to August, when there was a revised decrease of 0.9 percent. Economists had expected on average that German exports would increase by 0.3 percent before September. The value of German goods exports amounted...
Production in French industry picked up in September from the fall a month earlier. Production increased by 0.3 percent on a monthly basis, according to figures from the French statistics agency. Economists generally predicted a 0.4 percent increase in industrial production. In August, production in the French industry shrank by 0.9 percent. On an annual basis, industrial production improved by 0...
The production of German industry fell by 0.6 percent in September compared to the previous month. The German Federal Statistical Office reported this. Economists counted on average at a decrease of 0.4 percent. In August, industrial production in Germany increased by a revised 0.4 percent. On an annual basis, production in German industry fell by 4.3 percent in September, after a decrease of 3.9...
The British supermarket group Sainsbury closed the first half of its broken financial year with a considerably lower profit than a year earlier. Among other things, the company faced higher marketing expenses and delays in its plans to reduce costs. Furthermore, the weather was a lot clearer for the company a year earlier. The underlying profit before tax from Sainsbury fell by 15 percent to £...
Vyacheslav Kim, Kenes Rakishev and Asel Tasmagambetova started the seventh season of incredible strartup funding giveaway. Startups, small and medium enterprises, and all who dreamed to start their own business, but was unable to! Vyacheslav Kim, Kenes Rakishev and Asel Tasmagambetova have established the Saby charity fund among other things to help you make your dream come true. Kenes...
Saudi Aramco goes to the stock exchange in Saudi Arabia. The state oil company confirmed this on Sunday after the news that the Saudi stock market watchdog (CMA) approved the intended IPO. It is “an important milestone in the history of the company,” said Yasir al-Rumayyan, Chairman of the Board. The value of the shares will be determined in the coming weeks, before investors can...
Activity in the large Chinese industry increased in October, with the rate of growth tapping the highest level in more than two years. This is according to figures from research agencies Markit and Caixin. The purchasing managers’ index, which reflects the activity, reached a level of 51.7 for October compared to 51.4 a month earlier. That is the highest point since February 2017. A...