Daily news - 04.11.2019
Published: 04. 11. 2019

SLOVENIA

Telekom ordered to pay Greek partner in joint media venture

Telekom Slovenije, the telecoms incumbent, has been ordered to pay EUR 17.6 million with default interest to its Greek partner in a media joint venture that the Greeks have long sought to exit. (STA)

INTERNATIONAL MARKETS

European stocks strike highest level since January 2018

European stock markets climbed to a near two-year high while bonds came under pressure following positive signals around US-China trade negotiations as well as an indication of resilience in the world’s biggest economy. (FT)

Catastrophe losses weigh on AIG’s earnings

The profitability of AIG’s core operations continues to improve, but the US insurer’s third-quarter results fell short of Wall Street expectations as softer investment returns and seasonal catastrophe losses took a toll on the bottom line. (FT)

Fiat Chrysler books loss after €1.4bn charge on Alfa Romeo and Europe

Fiat Chrysler swung to a small loss in the last quarter after writing off €1.4bn from its struggling European car business and its Alfa Romeo brand, as it repositioned both divisions for the future. (FT)

Altria writes down Juul investment by $4.5bn

Altria wrote down the value of its investment in Juul by $4.5bn as the e-cigarette start-up comes under increasing pressure from regulators over the health effects of vaping. (FT)

SERBIA

Serbia's GDP growth quickens to 4.7% in Q3 - President

Serbia's gross domestic product (GDP) growth quickened to 4.7% in the third quarter of 2019 from 4.4% in the previous quarter, president Aleksandar Vucic said. Serbia's economic results are positive and will lead to an improvement of the living standard of Serbian citizens, as unemployment rate is currently below 10%, Vucic said in a video file posted on the YouTube channel of Serbia's Progressive Party on Thursday. Serbia's economic growth will exceed 3.5% in 2019 and will reach 3.6% or 3.7%, Vucic said in an interview for private broadcaster Pink TV. (SeeNews)

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