Despite the scandal, the financial affairs of the trading giant reached a climax thanks to the rise in prices for commodities. Swiss mining and trading company, Glencore PLC, one of the world's largest suppliers of raw materials, including oil, reported for January-June. The company showed a record profit in the first half of the year due to a sharp rise in raw material prices. The net income...

Japanese authorities concluded that three Japanese companies - Mazda, Suzuki and Yamaha - improperly conducted exhausts and fuel economy checks of cars and motorcycles. Earlier, some more local automakers, including Mitsubishi and Nissan, were accused in the same. On Thursday, August 9, the Japanese Ministry of Transport reported that three major automakers - Mazda, Suzuki and Yamaha Motor -...

Head of Tesla Inc. Elon Musk said that he is considering selling the company to private investors. He stated this in a Twitter message, noting that he thinks of selling the company to private investors at a price of $ 420 per share. At the same time, he hinted that he has already received an offer to buy the company. According to him, he also "hopes that at the same time all current investors of...

Washington’s new sanctions put Iran's economy "on the brink of survival," said the American economist Steve Hanke on Monday, August 6, in an interview with the German neespaper Die Welt. Experts from the German organization Germany Trade & Invest (GTAI), who predicted an early economic recession to the national economy of Iran, agree with him. New US sanctions will inflict very substantial...

European companies producing industrial goods began to feel negative consequences because of the US trade conflict with China and other countries, reports Reuters. This can be explained by the fact that the new tariffs push up costs of spare parts and raw materials, as well as lead to new supply disruptions. Manufacturers of equipment that use thousands of parts from around the world - from the...

The US manufacturer of electric vehicles and solar panels Tesla Inc completed the quarter with a record loss once again, but its revenue exceeded forecasts, and the founder and head of the company Elon Musk said that he expects to receive profit in the near future. As reported in the company's press release, the net loss in April-June increased to $ 718 million, or $ 4.22 per share, compared to $...

President of Iran has been summoned to the country's parliament. MPs gave Hassan Rouhani a month to prepare a report on the economic situation in the country. In particular, they want to know why Iranian banks are denied access to international financial systems, despite Tehran's signing of a nuclear deal that provided for the lifting of sanctions. The question was voiced less than a week before...

The Swiss bank Credit Suisse Group AG increased its net profit in the second quarter of 2018 more than twice thanks to higher revenues. As reported in the bank’s press release, net profit in April-June rose to 647 million Swiss francs ($ 652.5 million) from 303 million francs for the same period in 2017. Quarterly revenue of the bank increased from 5.21 billion to 5.6 billion francs. ...

The company's profit decreased for the first time in 7 quarters. However, the South Korean company is still optimistic and hopes for stability in the production of semiconductors. Samsung Electronics published an optimistic forecast for the coming months, citing the strong chip business. The forecast is somehow contrary to the fact that the technology giant reported its first decline in profits...