Etihad Airways to stay in Air Serbia
Air Serbia and Etihad Airways agreed that equity partnership of two airlines is going to be continued. Etihad continues to own 49% of Air Serbia and remains a fully committed and supportive shareholder in partnership with Air Serbia’s majority shareholder, the Government of Serbia – Air Serbia announced.
JESV: Jedinstvo bought back additional 1,650 own shares
Jedinstvo Sevojno (JESV), infrastructural company, reported that it bought back additional 1,650 own shares, at a price of RSD 5,000 per share. The company ynow posses 28,996 own shares, which is 9.52&5 of total number.
Source: BELEX, Ilirika
Norwegian companies recognize Serbia as destination – Trade amounts to EUR 58.2 million in 2017
Serbian Prime Minister Ana Brnabic welcomed Norwegian Prime Minister Erna Solberg, on an official visit to Serbia, in front of the Palace of Serbia yesterday. The Norwegian prime minister said that there was a possibility for enhancing the economic cooperation of the two countries. Last year, the trade between Serbia and Norway amounted to EUR 58.2 million, a record amount and an increase by 8% compared to 2016.
Croatia to introduce new tax cuts from Jan 1
Croatia's finance minister, Zdravko Maric, said on Monday the government will introduce new tax cuts from January 1. A new set of tax reform bills has been agreed within the finance ministry and will be put to discussion, Maric said during a conference on the future of Croatia's tax and pension systems in Zagreb aired by public broadcaster HRT.
Dow drops more than 100 points in shortened session as Caterpillar, Apple shares fall, European markets close higher after Germany’s Merkel strikes migration deal, Glencore dives 8%
Stocks fell on Tuesday as tech shares dropped sharply, while lingering concerns over a trade dispute between the U.S. and other major economies rattled investors. The Dow Jones Industrial Average declined 132.36 points to close at 24,174.82, with Apple falling more than 1.5 percent. The S&P 500 fell 0.5 percent to 2,713.22, with tech sliding 1.4 percent. The Nasdaq composite pulled back 0.9 percent to 7,502.67 as Micron and Facebook dropped 5.5 percent and 2.4 percent.
Micron shares fell Bloomberg News reported, citing a statement from rival United Microelectronics, that a Chinese court has temporarily banned the sale of Micron chips in China. The stock was down 5.5%.
Facebook, meanwhile, closed lower 2.4%, after The Washington Post reported the social media company is facing a broader probe into its data sharing with Cambridge Analytica.
European stocks closed higher Tuesday after German Chancellor Angela Merkel calmed a brewing row over migration that threatened her fragile government. The pan-European Stoxx 600 rose steadily during morning deals, giving up some, but not all, of those gains in the afternoon. The index closed provisionally up by 0.79 percent.
Looking at individual stocks and the miner Glencore tumbled to the bottom of the index after U.S. authorities demanded the company hand over documents relating to its business in Nigeria, the Democratic Republic of Congo and Venezuela.
Dutch manufacturer BE Semiconductor slumped tafter the company said it would miss expectations for revenue growth in the second quarter. The Amsterdam-listed stock cited the cancellation of orders worth around 28 million euros ($32.6 million) as the primary reason for the earnings miss. Shares of BE Semiconductor, which are listed on the Euronext, were 8.9 percent lower.