Retail group Mercator's net profit down 30% to EUR 6m
The Slovenian retail group Mercator posted EUR 6.21 million in net profit in the first nine months of the year, down 30.3% year on year. The parent company's net profit was meanwhile up 7.6% to over EUR 15 million, the company announced on Wednesday. (STA)
Cinkarna Celje exports 30 tonnes of radwaste to US
Cinkarna Celje, the Celje-based chemical company, has tackled an environmental issue weighing down on it for a quarter of a century by exporting 30 tonnes of radioactive waste to the US. (STA)
Stocks rise for a fourth day in a row, hit record highs; European markets close higher amid trade optimism
Stocks rose slightly on Wednesday, building on their record-setting run after the release of stronger-than-forecast economic data. The S&P 500 climbed 0.4% to 3153.64 while the Nasdaq Composite advanced 0.7% to 8705.18. The Dow Jones Industrial Average gained 42.32 points, or 0.2%, to 28,164. The averages posted fresh intraday records and notched their fourth straight day of gains.
Strong economic data supported the gains. Durable goods orders rose 0.6% in October while economists expected a decline of 0.8%. Weekly jobless claims, meanwhile, fell to 213,000 from 227,000. Third-quarter GDP was revised to show growth of 2.1%. That’s up from a previous reading of 1.9%.
European markets closed higher on Wednesday, as investors tracked positive mood music around U.S.-China trade talks and promising consumer confidence figures out of France. The pan-European Stoxx 600 came down off the day’s peak to end the session 0.3% higher, having earlier hit a four-year high. Telecoms led the way with a gain of 1% while oil and gas stocks slid 0.3% lower.
Knorr Bremse stock slid 3.6% after the German brake system manufacturer reported disappointing results before the bell, while Hexpol shares shed 2.8%.
KMBN: Komercijalna banka tender deadline extended until December 16
A December 2 deadline for submitting binding bids to buy Serbia's Komercijalna banka has been extended until December 16, the Serbian Ministry of Finance announced Wednesday. The deadline has been extended at the request of participants in the tender procedure "due to the complexity of the process" and a public opening of bids will be held on the same day, the ministry said on its website.Source: Tanjug
KMBN: Komercijalna banka profit up 10%
In the first ten months of 2019, Serbia's Komercijalna banka generated a pre-tax profit of 7.744 bln dinars, which is a 10 pct increase y-o-y, the bank's Executive Board Chairman Vladimir Medan said Wednesday. He said the bank had achieved all-time record results over the past two years. "The bank's balance sheet assets rose 6 pct in the first 10 months of 2019, growing 9 pct y-o-y. Deposits grew 7 pct y-o-y and the bank's total equity increased by 10 pct and now stands at 74 bln dinars," he said. In the same period, net retail loans increased 7 pct y-o-y, which is an excellent result since we all know how strong the competition on the lending market is, he added.
2019 global prosperity index: Serbia ranked 52nd out of 167 countries
Serbia ranks 52nd out of 167 countries covered by the 2019 prosperity index published by the London-based Legatum Institute, based on results in 12 areas. Since 2009, Serbia has moved up the rankings table by 9 places. Slovenia ranks 27th and first in the Balkan region. It is followed by Croatia 45th, Hungary 46th, Romania 47th, Bulgaria 49th and Montenegro, which ranks 50th on the list. Behind Serbia are North Macedonia (54th), Albania (65th) and Bosnia and Herzegovina (70th).