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Signet suffers losses for the last quarter

Signet Jeweler, the world's largest supplier of jewelery, in the second fiscal quarter of 2017 (end of the quarter - July 30, 2016) reduced the total sales over this year by 2.6%, to $ 1.4 billion, announced the company on Thursday.

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Lenovo announced a major profit for the first quarter

Chinese company Lenovo Group Ltd. is one of the world's largest personal computer and component producers. During the first fiscal quarter the company showed net profit growth by 64%. Press release of the company informs that Lenovo's net profit was $173 million for the period of April-June.

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British housing market is under pressure after the Brexit

Rating agency Fitch Ratings says that the exit of Great Britain from the European Union could have a negative impact on housing market in the long term. However, according to Fitch's press release, it will not lead to a deep reduction of Great Britain's sovereign rating.

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China Mobile closes first half with profit growth by 5.6%

According to recent reports from China Mobile Ltd, one of the largest mobile service providers in the world by number of customers, the company's net profit increased by 5.6% in the first half of current year, or up to $9.1 billion. Press release of the company informs that earnings for the period from January to June increased by 7.1% and reached the level of 370.4 billion yuan.

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The Emperor of Japan is going to resign

Japan's Emperor Akihito at the age of 82 today made a speech in a video message to his country. The monarch expressed his concerns that at his age he is unable to carry out his direct duties in full. Message has been broadcasting on the state television. The Emperor said, that there are limits to which he intends to narrow its authority and act as "symbol of power".

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Hackers robbed crypto-currency exchange for $65 million

Yesterday, the crypto-currency exchange Bitfinex in Hong Kong announced the stop of trade due to a hacker invasion to the company server. According to the statement from Bloomberg, a group of hackers has hacked one of the world's leading crypto-currency exchanges Bitfinex.

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China introduced the world's largest amphibious aircraft

China introduced to the world the newest sample of the world's largest amphibious aircraft. The aircraft can equally well take off and land on a usual runway, and on the water surface. For the first time prototype was shown to the public at a ceremony in Guangdong, in southern China.

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Gold is growing before the ECB meeting

In afternoon trading on Thursday gold and European shares with the dollar went in different directions. Gold slightly rose against the background of today's meeting of the European Central Bank, as well as its opponents were down in price. The ECB as markets are expected, will leave the rate unchanged. However, the regulator is obliged to deal with new problems that could derail efforts on resuming growth and inflation.

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Mishcon de Reya is intent to sue regarding the Brexit

Legal company Mishcon de Reya in London, the representative of certain groups of businessmen and scientists, notified the British Parliament about beginning of the legal procedure. The BBC reports that company intends to challenge the UK exit from the EU.

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Consequences of the Brexit

Nevertheless, Britain will leave the European Union. What consequences the global economy expects in general? Economists emphasize that consequences are rather uncertain. Major forces are going to enter the game in Europe.

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