The New York Stock Exchange (NYSE) is closing the trading room to switch to electronic trading completely from Monday, March 23, after tests on the employee and trader COVID-19 coronavirus showed a positive result. "Trading and regulatory oversight of all securities listed on the NYSE will continue without interruption," reads a statement from Intercontinental Exchange Inc., the exchange’s...

Net profit of the Spanish Inditex Group, one of the largest clothing and footwear retailers in the world (Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho brands), grew by 5.7% for the 2019-2020 financial year (ended January 31), reaching €3.639 billion, the company said. Inditex revenue for the reporting period also increased by 8.2%, amounting to €28.286 billion. Comparable...

Boeing advocates for the US government to provide at least $ 60 billion to support the aerospace industry, a statement the organization’s website reads. In particular, the support should be implemented in the form of loan guarantees, the company noted. “This will be one of the most important ways to help airlines, airports, suppliers and manufacturers recover (amid falling passenger traffic due...

The after tax profit of the largest European automobile concern Volkswagen Group increased by 15.4% in 2019 compared to the previous year - up to €14.03 billion, according to the financial statements of the manufacturer. The car giant's revenue for the reporting period grew by 7.1% to €252.6 billion. Operating profit reached €16.96 billion, an increase of 21.8% compared with a year ago....

Factories producing perfumes and cosmetics for the luxury holding LVMH will supply hand antiseptics due to the coronavirus. LVMH promises to produce 12 tons of antiseptics in the first week and stresses that the French authorities will receive products for free. Holding LVMH, owned by the richest man in Europe Bernard Arnault started production of hand sanitizers from Monday, writes CNBC with...

Elon Musk, who called the panic because of the coronavirusstupid, lost $5.5 billion due to market instability, Forbes magazine reported. On March 6, the OPEC + countries were unable to agree either to change term and conditions of the deal to reduce oil production, or to extend it. As a result,restrictions on oil production in countries participating in the previous alliance will be liftedfrom...

Net profit of Saudi Saudi Aramco in 2019 fell by 20.6% to $ 88.2 billion due to lower oil prices and weaker production, the largest oil company in the world reported. "The decrease can primarily be explained by lower oil prices and production volumes, together with lower margins in oil refining and petrochemicals, as well as with $ 1.6 billion loss associated with the Sadara Chemical Company,"...

The net profit attributable to the shareholders of one of the world's largest manufacturers of sportswear and accessories, the German Adidas AG, grew by 16.1% in 2019 compared to the previous year and reached €1.976 billion, the company said in a press release. Diluted earnings per share increased to €10 from €8.42 in 2018. The company's revenue grew by 8%, amounting to €23.64 billion. At the...

Costco Wholesale Corp., an American club warehouse operator, reported a 12.1% increase in comparable sales in February and a shortage of certain products. The company associated this with the decision of buyers to stock up in bulk in case of coronavirus quarantine. In February, demand intensified on fears of an increase in the number of people infected in the United States. Sales could grow...