NBS: Serbia's annual inflation quickens to 2.1% in May
Serbia's average annual consumer price inflation quickened to 2.1% in May from 1.1% in April, the national statistical office said on Tuesday. On a monthly comparison basis, Serbia's consumer price index (CPI) rose by 0.6% in May, after increasing by 0.4% in April, the statistical office said in a monthly inflation report.
Etihad to partially withdraw from and retain a stake in Air Serbia?
Etihad Airways is expected to announce within days that it will retain its 49% minority stake in Air Serbia, however, it will not renew its Management Services Agreement with the airline, which expires on January 1, 2019, EX-YU Aviation News reported on Monday, June 11. As the portal writes, the repercussions of the termination are still unknown, however, it is likely to include the departure of Etihad-appointed staff from key management roles, which will coincide with the transfer of the airline's revenue management and network planning departments from Abu Dhabi back to Belgrade next January.
Laying down of first kilometers of Belgrade-Budapest high-speed railway
Mansurbek Sultanov, director at RZD International in Serbia, stated that the company was ready to lay down the first kilometer of the Belgrade-Budapest high-speed railway very soon. Sultanov said that, as far as they are concerned, everything is ready for the first kilometer of tracks to be laid down on the Stara Pazova-Novi Sad section, part of the high-speed railway, in late June or early July.
No interest in Kombinat Aluminijuma Podgorica – New sales ad soon
No bid was made for the purchase of the property of Kombinat Aluminijuma Podgorica (KAP) in bankruptcy, evaluated at EUR 10.24 million. The bankruptcy supervisor of KAP, Veselin Perisic, said on Friday, June 8, 2018, the date scheduled for the opening of bids, that no offer had been sent before Monday, the set deadline, either to the court archive or by mail.
US stocks close little changed after Trump-Kim summit, Europe finishes under slight pressure
U.S. stocks held steady after President Donald Trump and North Korea leader Kim Jong Un signed an agreement aimed at establishing a "peace regime" on the Korean peninsula and better relations between the two states. The Dow Jones industrial average fell 19 points, weighed down by losses in JP Morgan Chase and Goldman Sachs. The S&P 500 rose roughly 0.1 percent as utilities and information technology stocks rose 1.3 percent and 0.4 percent, respectively, while Nasdaq composite rose 0.25 percent thanks to upticks in Facebook, Apple, Amazon, Netflix and Google-parent Alphabet.
AT&T shares rose 0.2 percent Tuesday ahead of U.S. District Court Judge Richard Leon's decision on whether to permit its $85 billion deal for Time Warner. Several other players in the industries, including Twenty-First Century Fox and Disney, are actively pursuing deals of their own, others, like Verizon, could interpret the ruling as a go-ahead to buy a large content company to compete with AT&T.
European stocks ended Tuesday's session just below the flatline, as investors digested news coming out of a historic bilateral meeting between the U.S. and North Korea. Stoxx600 was down 0.11 percent provisionally, off from its highs seen during earlier parts of the session. Looking at sectors, most major industries showed a mixed picture by the closing bell.
Switching focus to stocks, retailers led the gains with H&M jumping some 5 percent and Carrefour popping over 3 percent. Carrefour was a top performer after the French firm agreed to partner with Google, in an online shopping tie-up.
Shares of Daimler finished up 1.45 percent after it recalled 238,000 vehicles to clarify the legality of unauthorized software, following reports that the company might have used defeated devices in Europe.