On Friday Toyota Motor Corp informed about profit growth by 19%, which is higher than was forecasted and the best quarterly profit in two and a half years, Reuters reports. Such result was reached due to sales gains and cost cuts in Asia.
UBS thinks that Bitcoin shall reach price of $213000 to replace US money, including banknotes, coins, traveler checks and other, Bloomberg reports. Besides, significant improvement of network’s processing capacities is necessary, as it now represents very small portion of capabilities of such companies as Visa Inc.
According to Bloomberg, shares show mixed results on Friday: most Asian shares are falling, European stocks are growing and US futures are slightly declining.
Capital of Portugal has been changing a lot recently. New hotels, apartments for rent and stores grew in Lisbon as mushrooms during last few years, Bloomberg writes.
The most expensive precious metal can become even pricier as reduction in South Africa mining activities can result in supply deficit, Bloomberg reports.
On Thursday Apple Inc became first American publicly listed company with market value exceeding $1 trillion, Reuters reports.
Shares of Apple grew 2,9% at the end of the day and closed at $207,39. As a result, market capitalization of Apple reached $1,002 trillion.
Saudi Arabian Oil Co. (Aramco) reduced prices as the largest oil exporter in the world is increasing supply to satisfy demand from clients, Bloomberg reports.
Aramco cut prices of September shipments for all grades sent to Asia, its largest market.
It seems that investment bank of Societe Generale SA goes out of depression, Bloomberg reports.
According to Bloomberg, Asian shares selloff influenced today shares in Europe and US. All-country World MSCI Index fell 0,5%.
According to Reuter, US vehicles manufacturers informed on Wednesday about lower sales of new cars. Fiat Chrysler Automobiles NV was an exception and announced 6% growth.
While managers of European funds experience difficulties with attracting new clients, Amundi SA continues increasing volumes of assets under management, Bloomberg reports.
The largest fund in the region received 2,6 billion new money compared with 2,9 billion outflows a year earlier.
US Fed officials left interest rates unchanged and confirmed its plans to hike borrowing costs gradually amid stable economic growth, Bloomberg reports. It supports the probability for next rates increase in September.
