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Monday 24.09.2018 | Name days: Agris, Agrita

Moody's slashes Japan credit rating

The international credit rating agency Moody's has downgraded Japan rating from Aa2 to Aa3 with a stable outlook.

Swedbank: oil price to drop in coming years

Oil price is already down and it will keep dropping also in the coming years amid better supply and smaller demand, according to Swedbank.

Economist: global economic growth to be slower-than-forecast

The Latvian and Baltic economies are continuing to expand; however the prevailing background has grown more negative. Recession is based on global structural problems that have not been fully resolved but only repaired by injecting cash in the economy, says Martins Kazaks, economist at Swedbank.

Gold price hits new historical-high

On Tuesday, August 23, gold price on the Asian markets jumped to a new historical peak – 1 910 U.S. dollars (LVL 933) per troy ounce.

HP profit shrinks 11.4%

The company HP concluded the third quarter of 2011 with a revenue of 31.2 billion U.S. dollars (LVL 15.2 bln) – a rise of 1% over the same period last year.

Brent slips below 106 U.S. dollars

Brent crude fell below 106 U.S. dollars per barrel on new concerns about weak demand after data on the U.S. – world's largest oil consumer – were released.

Expert: investing in gold is like jumping on moving train

From the investment point of view, investing in gold now is the same as jumping in the last car of a moving train, recognizes Harijs Svarcs, head of Swedbank's Investment Management.

Brent drops amidst eurozone’s troubles

Brent crude was down 0.2%, sticking below 111 U.S. dollars a barrel. Oil markets were hit by ongoing concerns over Europe’s debt crisis and stronger dollar, drawing away investors from riskier assets, to secure investments in gold and Swiss franc.

Russia screws up Carlsberg's financial report

The second-quarter financial performance of the world's fourth largest beer producer Carlsberg did not even reach the average forecasts, since the company struggled on the Russian market.

Biggest oil find discovered in Norway

The Norwegian company Statoil has gained access to the largest oil finds in the North Sea. The Aldous and Avaldsnes reservoirs overall contain 500 million to 1.2 billion barrels of oil.

Sweden prepares financial sector defence plan

Sweden has timely taken special measures to protect its financial and banking sectors, thus avoiding debt crisis, indicates the Swedish Finance Minister Anders Borg.

Buffet buys shares amidst market panic

The American billionaire Warren Buffett used the U.S. stock market plunge to buy 9.7 million shares in the bank Wells Fargo. In terms of assets, the bank takes the fourth place in the U.S.

Brent surges over 109 U.S. dollars

On Wednesday, August 17, Brent crude stuck above 109 U.S. dollars per barrel.

Expert: above 50% likelihood U.S. and Europe will see re-recession

The probability that next year the United States and European countries will see a negative economic performance is above 50%, admits Harijs Švarcs, head of Swedbank's Investment Management.

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