Latvian Financial and Capital Market Commission (FCMC) expert noted the importance of the capability of these companies to reorient themselves to the new markets following new phase of EU sanctions against Russia.
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Jul 302014
The European Union (EU) has agreed a package of “significant” additional restrictive measures targeting sectoral cooperation and exchanges with Russia, announced the European Council in a statement on Tuesday.
Jul 302014
Switzerland’s largest bank UBS reported a net profit of 792 million Swiss francs (around 873 million U. S. dollars) in the second quarter, up by 15 percent from last year’s 690 million Swiss francs (761 million dollars), according to its latest financial report released on Tuesday.
Jul 302014
German light manufacturer Osram announced a cut of 7,800 jobs at home and abroad over the next two years, aiming to cut costs, the Munich-based company said on Tuesday evening.
Jul 302014
Japan’s industrial output in June fell a seasonally adjusted 3.3 percent from the previous month, The Japanese Economy, Trade and Industry Ministry said Wednesday.
Jul 302014
Spanish Minister of Economy Luis de Guindos said that Spain’s economy would grow by close to 1.5 percent this year, the Europa Press Agency reported on Tuesday.
Jul 302014
U.S. crude price fell Tuesday as the market was awaiting inventories data to be released Wednesday.
Jul 302014
U.S. consumer confidence improved again in July, with the index rising to the highest level since October 2007, the New York-based research group Conference Board said Tuesday in a report.
Jul 292014
China’s market regulator has launched an anti-monopoly investigation into Microsoft Corp’s business in the Chinese mainland, it confirmed on Tuesday.
Jul 272014
Moody’s Investors Service has maintained the Ba1 rating of China Oil and Gas Group Limited (COG) with outlook stable after the company announced it completed acquisition of oil and gas fields in Canada.