Oil is rising, and its price exceeded $69 per barrel level, since perspectives of new rules for efficiency in regards to US cars might cause increase in fuel consumption, Bloomberg reports. These news were more important than perspective of supply gains n behalf of US.
Twitter Inc. informed about drop of monthly users by 1 million, Bloomberg reports. Number of users will be falling further, as company is trying to fight against spam, faked accounts and malicious behavior.
BP Plc agreed to buy shale oil and gas fields belonging to global mining company BHP Billiton for $10,5 billion, Reuters reports.
For British BP it will be the biggest deal in almost twenty years. Recently the company also announced quarterly dividends incerase first time in almost four years and shares buyback for $6 billion.
European shares grew as corporate earnings are in the center again. Stoxx Europe 600 Index gained 0,1%. It can show the best week in two months. Banks and telecommunication companies grew among strong eranings reports. Both German DAX and British FTSE showed growth at level of 0,2%.
Renault SA increased profitability of its automobiles, including Duster model for mass market, Bloomberg reports.
European market is a major one for Renault, as well as for PSA Group. This is why these companies are isolated from trade war that threatens automobile industry recently.
US housing market may show the biggest slowdown in many years, Bloomberg reports. Buyers are under pressure from rising mortgage rates, while prices are growing faster than incomes.
French economy growth in second quarter was lower than it was expected, Bloomberg informs. Gross domestic product grew by 0,2%, while economists surveyed by Bloomberg estimated growth level at 0,3%.
Anglo American Plc started developing large copper mine in Peru, while it rewarded investors with first-half profit growth, Bloomberg reports.
Mining company that almost collapsed during commodity crisis two and a half years ago, now actively invests into growth, while bigger rivals focus on returning money to investors.
Total SA raised oil output targets for second time this year, Bloomberg reports.
While oil price grew to three-year high, profit of the company increased by 44% in second quarter. Besides, Total enjoys benefits of its new projects in Australia, Africa and the Arctic.
European shares grew, while US futures fell after mixed session in Asia. Weakening of trade conflict is now obvious. Euro fell ahead of ECB decision. It lost 0,2% and costs $1,1712.
Nasdaq will most likely open lower after shares of Facebook Inc. fell. S&P 500 already lost 0,2%. Bloomberg Dollar Spot Index gained 0,1%.
Scandals related to Facebook finally hit where its hurts most - company's growth, Bloomberg reports. Results of company's operation in second quarter resulted in shares by 24%. Market value of social media company dropped by $151 billion at once. If fall on Thursday reaches the same scale, then it will be the largest one-day collapse of American company.
Sales and profitability of Nestle SA are growing, as company's leaders took seriously critics of activists investors, Bloomberg reports.
Sales in first half of the year grew more than analytics forecasted. Besides, company improved etimates for earnings in second half due to US and China markets rebound. Shares grew by 1,1% today.
