EIU News

EIU News

The Economist Intelligence Unit, a division of London's Economist Group, is the most respected provider of country analysis for governments, multi-national corporations and financial institutions around the world. Through our network of over 500 international contributor economists, we establish independent macro-economic outlooks and detailed reports on the political and commercial environments for over 200 countries around the world.

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Panasonic buys additional stake in auto parts maker FicosaMar 22, 2017
...On March ##st Panasonic Corp said that it would acquire an additional ##% stake in Ficosa International SA, an auto parts maker. The Japanese company already has a ##% stake in Ficosa. This acquisition will make the Spanish company a...
Geely posts 126% growth in 2016 net profitMar 22, 2017
...On March ##nd Geely Automobile Holdings Limited announced a record profit for #### as strong vehicle sales in its Chinese home market made up for a drop in foreign sales. The Chinese carmaker saw revenues rise by over ##% for...
BMW's 2016 profit rises by 8%Mar 22, 2017
...On March ##st BMW AG posted an #% rise in attributable profit to EUR#.#bn (US$#.#bn) for ####, helped by lower income taxes and expenses. The German automaker recorded a #% rise in revenue to EUR##.#bn, on...
Amazon adds 4,000 Repsol outlets as pick-up destinationsMar 22, 2017
...Repsol SA has signed a deal with Amazon.com Inc to allow customers to pick up parcels at its outlets across Spain and Portugal. The service will be rolled out at #,### filling stations of the Spanish oil and...
Alibaba acquires Chinese ticketing website DamaiMar 22, 2017
...Alibaba Group Holding Ltd has acquired Damai.cn, a Chinese online ticketing platform, according to media reports on March ##st citing a social media post by the Chinese online retailer. Financial details of the transaction, which comes as part of...
Low costs boost Myer's H1 profit by 5%Mar 22, 2017
...On March ##th Myer Holding Ltd's net profit rose by #% to A$##.#m (US$##.#m), in the first half of fiscal ####, owing to lower costs. A strong performance during the Christmas holiday season and the...
Target appoints Jeff Burt to head grocery businessMar 22, 2017
...On March ##th Target Corp said that it had appointed Jeff Burt as senior vice-president of the grocery, fresh food and beverage business, effective April ##th. Mr Burt was most recently the president of the Fred Meyer chain of...
Retail sales rise in January, but underlying trend is weakMar 22, 2017
...Event According to Istat (the national statistics office), in January #### the seasonally adjusted retail sales value index increased by #.#% compared with December ####, and contracted by an unadjusted #.#% year on year. The volume of retail...
Carrefour to offer new online banking service in FranceMar 22, 2017
...Carrefour SA will launch a new online banking service in France, according to media reports citing the retailer's executive director for France, Noel Prioux. The service, called C-zam, will enable anyone above ## years of age to open...
Reitangruppen's 2016 pre-profit jumps more than two-foldMar 22, 2017
...On March #th Reitangruppen AS, a Norway-based grocery retailer, reported a pre-tax profit that more-than-doubled to Nkr#.#bn (US$###.#m) in ####. The company's profit was boosted by gains from the sale of its...
Panasonic buys additional stake in auto parts maker FicosaMar 22, 2017
...On March ##st Panasonic Corp said that it would acquire an additional ##% stake in Ficosa International SA, an auto parts maker. The Japanese company already has a ##% stake in Ficosa. This acquisition will make the Spanish company a...
Apple launches cheapest-ever iPadMar 22, 2017
...On March ##st Apple Inc launched an updated version of its #.#-inch iPad tablet, priced upwards of US$### - the lowest ever for the device. The new model has a minimum of ##GB storage and reportedly replaces the...
Nike's nine-month profit rises by 11%Mar 22, 2017
...On March ##st Nike Inc's net income increased by ##% to US$#.#bn for the first nine months of fiscal ####. The sportswear maker's income was boosted by higher sales worldwide and a ##% drop in income...
Amazon adds 4,000 Repsol outlets as pick-up destinationsMar 22, 2017
...Repsol SA has signed a deal with Amazon.com Inc to allow customers to pick up parcels at its outlets across Spain and Portugal. The service will be rolled out at #,### filling stations of the Spanish oil and...
Annual consumer price inflation edges up to 0.3% in FebruaryMar 22, 2017
...Event In February the annual rate of consumer price inflation in Ireland (EU harmonised measure) rose slightly, to #.#%, from #.#% in January, according to data from the Central Statistics Office. This compared with an average inflation rate...
Amazon Japan to now accept UnionPay credit cardsMar 22, 2017
...On March ##th Amazon.com Inc's Japanese subsidiary said that it would now accept credit cards issued by China UnionPay Co Ltd for payment on its shopping portal. UnionPay is a Chinese financial services company and has issued over...
Google to increase staff count to monitor ad placementsMar 22, 2017
...Google Inc plans to significantly increase its staff strength in order to better monitor content being uploaded on its websites, according to a blog post by its chief business officer, Philipp Schindler, on March ##st. Several companies are reported to...
Amazon adds 4,000 Repsol outlets as pick-up destinationsMar 22, 2017
...Repsol SA has signed a deal with Amazon.com Inc to allow customers to pick up parcels at its outlets across Spain and Portugal. The service will be rolled out at #,### filling stations of the Spanish oil and...
OPEC deal likely to be extendedMar 22, 2017
...OPEC representatives have said that support is growing among member countries for an extension of the current production cut agreement, which is set to expire in June. Initial compliance with the production quotas by OPEC members has hit record levels...
E.ON's subsidiary Uniper records loss of US$3.5bn in 2016Mar 22, 2017
...On March #th Uniper SE reported a smaller net loss of EUR#.#bn (US$#.#bn) for the full year of ####, compared with a loss of EUR#.#bn in the previous year. Uniper is the subsidiary of German utility...