Net profit of one of the largest financial corporations in the world Citigroup Inc. in January-September 2020 fell twice, compared to the same period in 2019 to $ 7.068 billion, follows from the reporting of the corporation.
Adjusted earnings per share were $ 2.97 against $ 5.89 a year earlier. The financial giant’s revenue for the reporting period increased by 3% to $ 57.799 billion.
If coronavirus vaccines become widely available and help restore international trade and economic growth, the dollar is likely to fall by 20% in 2021. Bloomberg reports that this forecast was made by Citigroup Bank. If the forecast comes true, it will be a record drop since 1985, when the DXY index fell by 18.5% over […]
A subsidiary of Alibaba Group – Ant Group – plans to attract $ 35 billion in the course on the Shanghai and the Hong Kong exchange. This was reported by Bloomberg. The IPO could be the largest in history, the agency emphasizes. The previous record holder, Saudi oil company Aramco, raised $ 29.4 billion. The […]
Global trade turnover in 2020 will decrease by 7-9%. This was announced on Wednesday, October 21, by the RBC-Ukraine news agency with reference to the report of the UN Conference on Trade and Development UNCTAD. The decline in trade has occurred in all regions of the world due to quarantine restrictions, the report said. They […]
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As informs investment media of Ukraine InVenture, the European Commission, which is an organ of the executive branch of the European Union and is responsible for the preparation of draft laws, should provide Ukraine € 100 million if the Verkhovna Rada will take on the Energy Efficiency Fund bill. Conditions for EU investment funds in […]
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The Roshen Confectionery Corporation plans to invest € 25 million in the construction of the second stage of the Vinnytsia dairy plant. This was announced by the director of the plant Dmitry Roshupkin, – writes the “Interfax-Ukraine”. “We have already started designing the second stage, the first piece of equipment has been already in order. […]
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The state owned enterprise Artemsol plans to open logistics centers in Europe, which will give an opportunity to take new markets and increase the volume of sales of products, says the press-service of the enterprise. “We plan to open logistics centers in Ukraine and in Europe. This will solve the problem of deiveries from the […]
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The Kyiv Electric Car Repair Plant, owned by Ukrzaliznytsia, has entered into an agreement with DB Engineering & Consulting GmbH, a subsidiary of the German state company Deutsche Bahn, for business and management consulting services worth 1.08 million euros. Nashi Groshi reported this with reference to the data in the Prozorro system. It is noted […]
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The “Industrial Milk Company” Agricultural holding (IMC, Kiev) plans to build a dairy farm for 700 heads in the Repkinsky district of the Chernigiv region until 2018. This was announced by the CEO of the company Alex Lissitsa. According to him, the company intends to modernize the dairy complex in the Repkinsky district in the […]
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Saudi Arabian State Oil Company Saudi Arabian Oil Co. (Saudi Aramco) is negotiating the sale of up to 49% of its pipeline assets to a consortium of American, Chinese and local investors, writes The Wall Street Journal, citing informed sources. According to sources, the amount of the transaction could range from $ 10 billion to […]
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In the US, customers in Starbucks stores will be told the code of the drink, with which they can get information about where the grain of their choice was delivered, in what conditions it was grown and fried. Farmers who cooperate with the network, also can track their products. “We’ve been able to keep track […]
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At 27th of November, 2015 the famous American company REI, which sells products for sports, tourism and travel, reported that on Friday – 30th of November, all 143 stores will be closed. The company decided to arrange for their employees a paid for the output. This decision is a kind of protest against rampant consumerism. […]
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The total net losses of subordinate companies of the State Agency of Motor Roads of Ukraine in 2020 amounted to UAH 116.5 million. This is evidenced by the report on the implementation of the financial plan, which analyzed the Marlin project. It is noted that according to the results of 2019, Ukravtodor suffered losses amounting […]
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The State Property Fund held an auction for the privatization of the property of the Ivankivka distillery located in the Cherkasy region. According to its results, the state budget should receive 90 million hryvnias, according to the agency’s website. It is noted that six participants competed for ownership at the open auction, which increased the […]
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The Russian office of the Swedish cosmetics company Oriflame suffered a series of cyberattacks, after which passport scans of 1.3 million Russian customers entered the network. The publication reports that as a result, passport data were put up for sale on the hacking forum RaidForums. “Passport scans of not only Russians, but also clients of […]
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Naftogaz has signed a memorandum with the Israeli company Naphtha Petroleum on possible geological exploration of hydrocarbons on the Black Sea shelf. This was reported by the press service of Ukrgazvydobuvannya. It is noted that Naphtha Petroleum has proven experience with the necessary deepwater technologies and business relationships with leading operators in the development of […]
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Airbus has published detailed information of three conceptual of the passenger`s plane called ZEROe with hydrogen fuel, stating that it can be put into operation by 2035. The three aircraft differ in size and design, one will have a range of more than 2,000 nautical miles and the ability to carry from 120 to 200 […]
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By the information of Interfax-Ukraine, the state Oschadbank and the European Bank for Reconstruction and Development have signed the memorandum of the association about corporate management state bank support on the 25th of November 2016. The parties also have concluded the memorandum about supporting of 50 million euros due to a trade financing program. As […]
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The victory of the candidate from the Republicans in the USA President elections stirred up not only the global political community but the US stock market too. According to Bloomberg analytical bureau, Hillary Clinton’s loss has hit the financial condition of 500 richest people in the world. In particular, analysts say that after the announcement of the race […]
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