Three applications made by potential investors for RTB Bor – Chinese, Russian and Canadian companies interested
Within the set deadline for the submission of bids for taking part in the process of privatization of RTB Bor, which expired on August 20, 2018, at 1 pm, three applications had been sent, the Ministry of Economy announced. Applications were sent by companies from Canada, China and Russia. The commission for carrying out the procedure is examining the submitted documentation, following which the procedure will continue, the press release says.
Shandong Linglong Tyre is planning an investment project in Serbia worth USD 994.4 million
Shandong Linglong Tyre, which produces car tires, has announced that it is planning an investment project in Serbia worth USD 994.4 million (EUR 870.4 million), Yahoo News reports. The article features an attached document in Chinese from the official website of the Shanghai Stock Exchange, where Serbia is marked as an investment target of Shandong Linglong abroad. Seenews.com reports that the company says in the document submitted to the Shanghai Stock Exchange that it plans to build a tire factory in the Zrenjanin Free Trade Zone.
Budget surplus in 1H 2018 at RSD 30.9 billion
In the period from January till June 2018, Serbia realized a budget surplus of RSD 30.9 billion, as shown by the recent data of the Ministry of Finance, according to which the collected revenues amount to RSD 566.9 billion, whereas the expenditures equal RSD 536 billion. In June, the budget surplus amounted to RSD 22.1 billion, and income amounted to RSD 121.2 billion, of which tax revenues amounted to RSD 99.5 billion.
Polish clothing retailer LPP to enter Slovenia in H2 2018, Bosnia in 2019
Polish clothing retailer LPP said it plans to enter the Slovenian market by opening its first store in the country in the second half of 2018. The company's plans for 2019 also include openings in Bosnia and Herzegovina, LPP said in a statement on Friday. LPP’s ambition is to enter at least one new market each year, it noted.
S&P 500 touches all-time high, ties record for longest bull market, Europe ends mostly higher as US-China trade talks draw closer
The S&P 500 hit an all-time high on Tuesday and tied the record for the longest bull market ever as investors bet that the strengthening economy and booming corporate profits seen under President Donald Trump's first two years would continue, despite recent trade battles. The broad index rose 0.2 percent and reached an intraday record of 2,873.23, led by consumer discretionary and industrial. The S&P 500 surpassed 2,872 a high reached on Jan. 26. The index failed to post a record close, however.
The Dow Jones Industrial Average gained 63.6 points to close at 25,822.29, just 3 percent below a record high, with Intel and Goldman Sachs leading the index. The Nasdaq Composite outperformed, rising 0.5 percent to 7,859.17 as Micron and Netflix rose.
J.P. Morgan is about to flip the switch on a new digital investing service, taking a bite out of discount online brokerages. The bank's new service "You Invest" will feature a bundle of discounted trading, an online portfolio-building tool and no-fee access to J.P. Morgan's stock research. After CNBC reported the bank's new service, shares of Charles Schwab fell 2.4 percent, TD Ameritrade fell 7.1 percent, E-Trade fell 4.4 percent and Interactive Brokers fell 2.5 percent.
European stocks finished Tuesday's session slightly higher, as investors awaited U.S.-China trade talks, although critical comments from President Donald Trump did test market optimism. The pan-European STOXX 600 closed up 0.24 percent provisionally, with most sectors ending the day in the black.
Basic resources stocks came under pressure, making it one of five sectors to close in the red. BHP Billiton and Rio Tinto were the worst sectoral performers. BHP reported a 33 percent jump in annual underlying profit on Tuesday. However, the world's largest miner also warned investors of a delay in future savings as well as some cost pressures over the coming months. Shares of BHP Billiton slipped over 2 percent by the close.