Eleven companies interested in strategic partnership with RTB Bor
Serbian Minister of Mining and Energy Aleksandar Antic announced that the tender for the strategic partner for RTB Bor would open in the upcoming days and that the final preparations were in progress. He told TV Prva that 11 companies had expressed serious interest up till then and that they had signed confidentiality agreements. According to him, Chinese companies are the most interested, and there are also companies from Russia and Canada, a company from Turkey, as well as a Kazakh-European consortium.
Azerbaijan to provide EUR 210 million loan for construction of high speed route Ruma-Sabac-Loznica
Azerbaijan is ready to provide a loan of EUR 210 million for the realization of the project of the construction of the high-speed rout Ruma-Sabac-Loznica, Azerbaijani Ambassador Eldar Hassanov said at meeting with Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic and added that the two sides should soon agree the details of the funding. As reported on the ministry`s website, there was talk at the meeting about the project of the construction of the Ruma-Sabac highway and the high-speed route Sabac-Loznica, as well as the construction of the bypass route around Belgrade.
Serbia and European Commission sign agreement on Western Balkans Transport Community – Belgrade seat confirmed
Serbia and the European Commission signed an agreement in London confirming that the seat of the Western Balkans Transport Community will be in Belgrade. The agreement was signed as part of the Western Balkans Summit, held on July 9-10, 2018, in the UK capital, and the signing was attended by Foreign Affairs Minister Ivica Dacic.
Chinese get concession for construction of Banjaluka-Prijedor highway
The Minister of Traffic and Communications of Republika Srpska, Nedjo Trninic, announced that the final agreement with a Chinese company from Shandong on the realization of the project of the construction of the Banjaluka-Prijedor highway, worth around EUR 297 million, should be signed in September. The concession will be given for a period of 30 years, the funding should be provided by the Chinese company, and the project should be structured without B&H guarantees, Klix.ba reports.
Dow jumps more than 100 points, posts 4-day winning streak as earnings kick off, European shares close higher as investors shift focus to earnings
Stocks closed higher on Tuesday as the latest corporate earnings season got under way while worries of an ongoing trade war declined. The Dow Jones Industrial Average rose 143.07 points to 24,919.66 as DowDuPont and Procter & Gamble outperformed. The S&P 500 gained 0.4 percent, while Nasdaq Composite closed just above breakeven at 7,759.20.
More than 20 companies in the S&P 500 have already released their quarterly results, including PepsiCo. The soft drink and snacks maker posted better-than-expected earnings, sending its shares higher by 4.8 percent, its biggest one-day gain since August 2009. PepsiCo also said it expects “substantially higher” earnings growth for fiscal fourth quarter.
Tesla shares rose as much as 2.7 percent before holding 1.2 percent higher on news the company is planning to build a massive plant in China. The report says the plant will have the capacity to build 500,000 vehicles per year.
Markets in Europe were closed higher on Tuesday as investors focused on upcoming corporate earnings, putting aside political and trade tensions. The pan-European Euro Stoxx 600 index closed half a percent higher during mid-afternoon trade, with all major bourses in positive territory.
Oil and gas stocks led the gains, boosted by commodity prices ticking higher. The sector closed 1.4 percent above the flat line. The industrials and technology sectors also both ended trade above 1 percent.
Ratings upgrades helped European shares, with Airbus, Atos and Hugo Boss all rising higher after positive research notes from investment banks.