NLB bank will not pay out dividends
The state-owned NLB, Slovenia's largest bank, will not pay out dividends for now, follows from the convocation of the bank's annual general meeting, which will be held on Wednesday.
KAD sells its 16% stake in Gorenje
KAD, a sate-run fund, accepted Tuesday Chinese group Hisense's takeover bid for Slovenian household appliances maker Gorenje, deciding to sell its 16.37% stake, Gorenje said in a release after KAD had notified it of its decision.
Stocks close higher after Monday's big loss but confusion about trade policies lingers; Europe ends on a mixed note, after trade concerns fuel recent sell-off
Stocks closed slightly higher on Tuesday as tech shares rebounded from steep losses in the previous session, but mixed messages from the Trump administration regarding trade kept a lid on gains. The Dow Jones Industrial Average rose 27 points, with Apple and Chevron rising 1.2 percent each. The S&P 500 gained 0.2 percent, as energy and tech both rose more than 1%, while Nasdaq composite advanced 0.4 percent as Netflix rose 3.9 percent, rebounding from steep losses in the previous session.
General Electric shares jumped 7.8 percent after the company revealed a plan to spin off its health-care business and sell its stake in Baker Hughes. The company also announced it will maintain its current dividend until the spin-off is complete.
Energy stocks jumped 1.4 percent after the State Department ordered companies who import Iranian oil to reduce them to zero by November.
European markets finished Tuesday's session in different directions, as investors tried to get to grips with the current trade conflict between the U.S. and other major economies The pan-European Stoxx 600 ended the day up 0.02 percent provisionally, off from its session highs. Major industries in the region, however, pointed in different directions by the close, echoing a similar picture seen in other major markets.
Looking across the European benchmark, Ingenico jumped 5.85 percent, making it one of Tuesday's biggest gainers, after Bloomberg reported that the company is on track to get a takeover bid from private equity firms.
Elsewhere, ProSiebenSat.1 rose 1.75 percent and Wirecard jumped almost 4.5 percent, after UBS lifted its target price on both German-listed stocks.
AERO: Vinci to take over Belgrade Airport in September
Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic stated that the agreement on the concession for the Belgrade Airport was expected to be completed in late August and that the concessionaire, Vinci, should take over the management of the Nikola Tesla Airport in September. According to her, the concession is important, as it will enable further investments, and not just for the one-off fee.
EU negotiations chapter 13 and 33 opened
Serbia opened another two chapters in its negotiation with the European Union in Luxembourg, at an intergovernmental conference – Chapter 33, Financial & Budgetary Provisions, and Chapter 13, Fisheries. With the two new chapters, Serbia now has a total of 14 open chapters, two of which are temporarily closed.
French companies interested in modernization of infrastructure in Serbia
Representatives of Serbian companies from the fields of construction, transport and infrastructure metcwith a delegation of the Movement of the Enterprises of France (MEDEF), which brings together companies which employ more than 400,000 people and have income of around EUR 125 billion. Minister of Construction, Transport and Infrastructure Zorana Mihajlovic hosted the meeting, where she pointed out that Serbia and France had good political and economic relations and that Serbia looked to attract as many French investments as possible in the next period.