SLOVENIA
Krka Q1 net profit up 42% y/y to EUR 70.3m
Novo Mesto, 23 May - Pharma company Krka reported on Thursday a net profit of EUR 70.4 million at group level for the first quarter of 2019, a 42% increase year-on-year. Revenue increased by 12% to EUR 378.5 million.
Source: STA
Finnish president arrives for two-day visit
Ljubljana, 23 May - President Borut Pahor will host his Finnish counterpart Sauli Niinistö on Thursday and Friday. Niinistö will also meet Prime Minister Marjan Šarec and Speaker Dejan Židan and debate climate change with secondary school students in Kranj.
Source: STA
INTERNATIONAL MARKETS
Stocks Slide, Dollar Rises as Trade Worries Deepen: Markets Wrap
U.S. equity futures and European stocks tracked a slide in Asian shares on Thursday as trade tensions between the world’s two largest economies showed little sign of easing. Treasuries were steady and the dollar strengthened. S&P 500 futures pointed to a big drop at the New York open after China’s flagship People’s Daily published two commentaries assailing American moves to curb Chinese companies. The Stoxx Europe 600 Index was dragged lower by automakers, while shares fell in most of Asia. MSCI’s gauge for the region is now down 6% since President Donald Trump pledged to ramp up tariffs on China earlier this month. India bucked the trend, with equities there soaring as election results showed Prime Minister Narendra Modi was set to win a majority on his own. Treasuries held their gains from Wednesday after minutes of the Federal Reserve’s last policy meeting showed officials judged their patient approach to interest-rate changes would be appropriate “for some time.” The pound extended losses amid a growing revolt over Brexit that looks increasingly likely to force Theresa May from power. The euro was steady as voting got underway in European elections.
Source: Bloomberg
