Three companies interested in MSK – Bid submission deadline August 10
Three companies have bought out the technical documentation for MSK Kikinda. They have until August 10 to make concrete offers. That’s the deadline for interested investors to decide whether to join the race for 99.9% of this company. The initial price is EUR 20.4 million. If the second sale is unsuccessful as well, MSK will enter the third round by the end of September. This can be seen from the Memorandum signed with the International Monetary Fund, Novosti reports.
Telekom authorized to acquire stake in GO4YU
The Commission for Protection of Competition has announced that it has authorized the acquisition of a stake in Belgrade-based company GO4YU, owned by Dimedia Group Limited from Hong Kong, by Telekom. The company's core activity is related to wireless communications, such as providing online telephone services and distributing media content online, in markets outside Serbia. As the Commission reminds, Telekom has several subsidiaries in Serbia – Telus, HD-WIN, mts bank, YUNET INTERNATIONAL, mts Kosovska Mitrovica, mts Antena TV, mts sistemi i integracije Beograd.
Corn crop yield in Serbia will be near record high in 2018
Corn crop yield in Serbia will be near record high this year, at over 7mt (seen in 2016), director of Serbian Corn Association said. This year, there are around 900,000h under corn, which is lower vs. 970,000h form 2017, but higher yield will compensate it. Export is expected at around 2.5mt, since
Source: Beta, Ilirika
Vienna Institute: Russia is the biggest investor in Balkan region, over the last several years
Arrival of direct foreign investments at Balkan region is impacted by several factors at the moment among which are western sanctions towards Russia, US protectionism, Brexit and digitalization, Vienna Economy Institute said in its report. According to the same source, Russia is the biggest investor in the region, over the last five years, followed by Austria and Norway. Slovenia attracted the highest level of FDI in the period, while Austria was the biggest investor for that country, with EUR 16.4bn placed, over the last five years.
Source: Seebiz, Ilirika
Nasdaq posts first 5-day winning streak since May, Facebook rises more than 4%, European markets close lower amid trade uncertainty
Stocks rose on Monday, led by gains in Facebook, as investors continued to bet on technology stocks as they pored through more corporate earnings results. The Nasdaq Composite advanced 0.6 percent to 7,859.68 as Facebook shares gained 4.5 percent, their biggest one-day rise since April. The Dow Jones Industrial Average climbed 39.60 points to close at 25,502.18, led by gains in Disney. The S&P 500 rose 0.4 percent.
Facebook rose on reports that the social media giant is in talks with banks to incorporate users' financial information into Messenger.
Berkshire Hathaway posted stronger-than-forecast quarterly profit on Friday, sending its Class B shares up by 3 percent. Cardinal Health and Tyson Foods reported better-than-expected corporate earnings before the bell. Shares of Tyson Foods rose more than 3 percent, but Cardinal Health's stock slipped 0.5 percent.
European markets closed lower by a slim margin Monday afternoon, having spent the day see-sawing above and below the flat line thanks to investor jitters over world trade. The pan-European Stoxx 600 closed 0.2 percent lower on Monday, with most major bourses and sectors in negative territory.
Linde was under sell pressure amid reports the U.S. Federal Trade Commission (FTC) could demand further concessions in the German industrial gases company's merger with European peer Praxair. Shares of Linde closed 7.5 percent down, though they had been trading lower earlier in the session.
HSBC reported an earnings beat, with pre-tax profit up by 4.58 percent year-on-year to $10.712 billion in the first half of 2018. The lender's shares closed 1 percent to the downside, having traded solidly at that level throughout the afternoon.