Sales of French company Danone in physical terms fell by 1.6% year on year in the third quarter of 2019, the company said. In money, on the contrary, they grew by 3.7% to €6.4 billion. The company explains the decline in volumes by a decrease in demand for drinking water in Europe, as well as for dairy and vegetable products in the CIS countries. Danone also admitted difficulties with sales in...

Saudi state-owned oil company Saudi Aramco has postponed, but not canceled, its initial public offering, the Financial Times reported citing three sources. The delay will take several weeks. Earlier it was assumed that the IPO will be announced on October 20. The company wants to give investors a clear idea of its financial situation after the September drone attacks on its oil facilities, which...

Former Credit Suisse banker Andrew Pearse told a jury in Brooklyn that he illegally received at least $ 45 million for his role in arranging $ 2 billion worth of loans to companies in Mozambique. In addition, Pearse, who pleaded guilty to fraud, said that at least four other Credit Suisse bankers also took millions of dollars in bribes from the shipbuilding group Privinvest. “They all played a...

The HKmap.live application, which was actively used by residents of Hong Kong, disappeared from the App Store, the Verge reports. Protesters, who have been taking to the streets since March of this year, tracked movements of police officers using this app. At the same time, Apple, which deliberately removed the service from its store, claims that it violated the rules of the App Store. The...

Berkshire Hathaway , owned by Warren Buffet, has requested Fed’s permission to increase its share in BofA above 10%. The bank’s stocks rose more than 3% on Tuesday after Bloomberg reported Buffett’s interest. Berkshire, which owns a 9.96% share in Bank of America, applied to the Fed. The company reassured the watchdog that it would invest in the institution passively, without any amendments in...

Central Banks officials have been cutting interest rates in response to ongoing trade tensions in an effort to mitigate economic fallout. This is one of a number of ways that the European Central Bank, the Bank of Japan, and the Federal Reserve, in particular, have unique influence over the global economy. It is easy to forget that central banks are also responsible for creating the physical...

German carmaker Volkswagen AG has postponed the final decision on the construction of a plant in Turkey, according to Handelsblatt. “We are watching the situation with great concern,” the company told the publication. Turkey has been criticized internationally for a military operation in northern Syria, and VW is concerned about potential reputation risks. In early October, VW established a...

Facebook’s head Mark Zuckerberg will tell about Libra cryptocurrency at the U.S. House finance and housing committee on October 23, Axios reports. The speech by Facebook representatives to launch the Libra cryptocurrency is not the first in the American congress. David Marcus, head of another Facebook’s project, Calibra (a special crypto-wallet for Libra), already spoke on this issue at the...

53-year-old Makoto Uchida, president of Dongfeng Motor's Chinese business and senior vice president of Nissan, has become new CEO of Nissan Motor. This was reported by the company’s press service. Earlier, his appointment was reported by business media. Ashwani Gupta, who held the same position at Mitsubishi Motors Corp., will be the company's chief operating officer. Nissan Vice President Jun...