Facebook’s shares fell by 24% after publication of regular financial statements. This even indicates that investors are waiting for the company to have uniquely successful results. Facebook’s revenue grew 42% and profit – by 31%, but these results did not suit investors, as they were below expectations of analysts. In addition, they were concerned by forecasts of a slowdown in growth for the...

The largest Chinese payment systems Alipay (belongs to Alibaba Group) and Tenpay (owned by Tencent holding company) are fined $ 90,000 each for violations of the rules for controlling foreign exchange operations, says a statement on the website of the state currency control department of the PRC. It is noted that Alipay was fined for filing a declaration with incorrect data on the balance of...

Shares of American Alphabet Inc. rose to a record high in the course of trading after the main session on Monday, as the company's profit for the II quarter exceeded market expectations, despite a record fine imposed on Google by the EU. This is reported by MarketWatch. In the II quarter, the parent company of Google recorded a net profit of $ 3.2 billion, or $ 4.54 per share, compared with $...

Huawei is the third largest smartphone manufacturer. By 2021, the company wants to become the market leader, ahead of Apple and Samsung. There are grounds to hope for such a development of events as the company has already managed to sell more than 100 million smartphones since the beginning of the year. Head of Huawei's consumer division announced that the company has already managed to sell...

Net profit of the Swedish automaker Volvo increased by 43% to 15.18 billion Swedish kronor (about $ 1.711 billion) in the first half of 2018, according to the automaker. Earnings per share rose to 7.31 Swedish kronor ($ 0.8) from 5.11 Swedish kronor ($ 0.6) a year earlier. In annual terms, the company's revenue increased by 16.9% to 192.767 billion kronor ($ 21.734 billion). In the second...

Boeing proved to be more optimistic than Airbus in forecasting the demand for planes until 2037. The American company expects that 42.7 thousand new aircraft worth $ 6.3 trillion will be needed in 20 years. Its European counterpart believes that the world will need 37.3 thousand aircraft worth $ 5.8 trillion. At the same time, the companies are segmenting the market in different ways. Experts...

Anglo-Australian mining company Rio Tinto said that its supplies of iron ore from Australia in the II quarter increased by 14%. This is reported by Reuters. The company expects its annual iron ore supply will be at the upper boundary of the target range of 330-340 million tons, due to increased productivity and fewer weather-related failures compared to the same quarter last year. The volume of...

The European manufacturer is working on a major agreement with two Asian air carriers: AirAsia and StarLux Airlines. The result of negotiations can be transactions totaling $ 29 billion. According to Bloomberg, referring to its own sources, Airbus is working on a "blockbuster" agreement with AirAsia's largest carrier for the sale of aircraft for $ 23 billion. In addition, Airbus is close to an...

Consulting company BCG has presented the jubilee, twentieth issue of its Value Creators Report, in which companies are ranked based on the aggregate shareholder income for the previous five years (2013-2017). And according to this rating, the greatest profit for these years was received by those who invested in the world leaders of IT and media industry. Those who invested in securities of the...