Glencore PLC and glut

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Glencore PLC is considering a further reduction of coal mining in an attempt to deal with a glut on the market, which led to a record drop in raw material prices. In a rare public statement, the head of the company in the field of coal assets said that coal is an important part of…

Bank of England News

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Central Bank of the United Kingdom expected keep interest rates unchanged at today’s meeting, after data showed that consumer prices fell yoy in April, for the first time in over 50 years. Bank of England announced that members of the Monetary Policy Committee voted for unchanged rates at a record low 0.50 percent and the…

American exchanges go red

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Futures on US indexes fell significantly during today amid massive sell off of bonds, which fell to USD 3-week low. Yields on 10-year German bonds rose to its highest level this year, and that of US Treasuries reached 7-month high. European Central Bank (ECB) said yesterday it will not accept changes to its program of…

Toshiba puts privat org to check for financial issues

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Toshiba Corp announced today that it appointed an independent commission to investigate the accounting irregularities that led to the reporting of operating profit, higher than the real by about 420 million. Dollars in recent years. The industrial conglomerate surprised investors last week, said the investigation continues concerning incorrectly recorded costs of infrastructure projects, which will…

The gold is silent

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The publication of the minutes of the last meeting of the US central bank in April could reduce the chances of interest rate hike in June, say analysts. Disclosure of the report is scheduled for 21:00. Today. Only a month earlier, the meeting of the FED in March, some politicians supported the increase in the…

Fitbit goes for IPO

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American manufacturer of fitness equipment to wear, designed to monitor health indicators, Fitbit Inc., filed for an initial public offering (IPO) last Thursday. The company’s sales and cash flow January stand out from other technology companies that have gone public in the past few years, say analysts. Founded in 2007, Fitbit has enjoyed growth in…

Barclays on the run

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Barclays Plc is likely to be fined for violating the three-year agreement to speculate on the interbank interest rate Libor. The fine will be in addition to the penalty, which the Ministry of Justice of the United States should announce within the next few days after the investigation against five banks, including Barclays, for manipulating…

Sopharama sales Extab

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The Board of Directors of Sopharma authorize the Executive Director of the pharmaceutical company to negotiate the sale of the shareholding in the subsidiary Extab Corporation. It is registered in Delaware, USA, as Sopharma AD owns 80% stake in it. Extab Corporation holds the license for Tabex active ingredient cytisine, which is used for smoking…

Is this the end of stable Еurope?

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At the beginning of the debt crisis in the euro area a number of economists, political scientists and experts takes the floor on several occasions. They shared great ideas on how to prevent disasters like the one in Greece. For example, it is offering a clear legal framework for regulated sovereign defaults or the introduction…

US dollar in rise because of Greece

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18:00 After strong growth of stock indices in the US late last week, which was the largest of two months ago, today investors consolidate positions in the absence of strong fundamental news. Among the losers are leading companies such as Apple and GE, whose shares dropped after Friday’s rally, with respectively 1.07% and 0.95%. Sales…