NBS: Serbia to remain unaffected by Turkish lira crisis
Serbia's financial stability will remain unaffected by the depreciation of the Turkish lira as the resilience of the country's financial system against external shocks was enhanced in recent years, a senior central bank official said. There are no concerns regarding the potential spillover of the crisis in Turkey to the domestic financial market as the dinar appreciation factors continue to be active, the monetary operations director of Serbia's central bank, Nikola Dragasevic, said in a video file posted on the website of news agency Tanjug on Wednesday.
State companies owe EPS around EUR 200 million – List topped by RTB Bor and Zelezara Smederevo
As of June 10, the claims of Elektroprivreda Srbije (EPS) from public and state companies amount to RSD 22 billion, that is, close to EUR 200 million, a sum nearly identical to last year's. This means that the IMF's request from the previous arrangement, under which the debt should have been reduced and the delayed payment for electricity stopped, has not been honored. RTB Bor is the biggest culprit, as it owes, with its three subsidiaries, a total of RSD 7.5 billion. It is followed by Zelezara Smederevo d.o.o. with RSD 4.6 billion, Rudnik Resavica (1.5 billion)
JESV: Jedintsvo reported flat sales in 1H 2018
Jedinstvo Sevojno (JESV) construction&infrastructure company, reported flat sales for the first six months of 2018, while net profit was increased by over 50%, but it still remain very low in absolute amount – RSD 37.6m. Operating result was negative, at RSD 127.5m, thus positive net result appeared only due to solid financial gain. The first half of the year is traditionally poor period for the company, due to seasonality effect.
Izvor: Belex, Ilirika
Slovenia's real average net wage growth unchanged in June
The average net monthly earnings in Slovenia increased by a real 0.6% year-on-year in June, after rising at the same rate in May, provisional data from the country's statistical office showed on Thursday. In nominal terms, the average net wage rose 2.7% on the year to 1,073.47 euro ($1,220.8). On a monthly comparison basis, wages dropped a nominal 0.4%.
Dow posts biggest jump since April after US and China say trade talks to resume, European stocks closed higher on fresh trade talks between China and the US
Stocks closed higher on Thursday on renewed hope that a resolution to a trade dispute with China could be on the horizon. Investors also cheered strong quarterly results from Walmart and Cisco Systems. The Dow Jones Industrial Average rose 396 points — its biggest one-day jump since April 10 — led by gains in Walmart, Cisco Systems, Boeing and Caterpillar. The S&P 500 gained 0.8 percent as consumer staples and telecom outperformed. The Nasdaq Composite advanced 0.4 percent.
The results sent Walmart shares surging 9.3 percent after the company reported its biggest jump in U.S. sales in a decade.
Cisco Systems also reported better-than-expected earnings, sending its stock up 3 percent. The company's results got a boost from an income surge from segments like cyber security and applications.
Bourses in Europe climbed higher Thursday following news that China accepted an invitation from the United States to talk trade in late August.The pan-European Stoxx 600 closed provisionally up 0.53 percent with the majority of the sectors in positive territory. The positive news out of China pushed basic resources to trade over 1 percent higher.
Corporate earnings also boosted sentiment across the continent. Carlsberg jumped 3.46 percent after lifting its full-year guidance, given strong beer sales across all its biggest markets. Shares of Bayer struggled, down by 4.83 percent, after a ratings downgrade.