U.K. industrial sector drops unexpectedly

Source: Bloomberg
Manufacturing sector in the United Kingdom declined surprisingly in May of this year by the most in a year, while analysts predicted the output to increase 0.4%. Indicator, in turn, plunged 1.3% on a monthly basis. It has been the first slump in six months. Some economists say that the decline in manufacturing can slower economic growth in the country in the second quarter.
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Tue, 08 Jul 2014 10:54:12 GMT

Swiss retail sales decrease for first time since February

Retail sales in Switzerland declined in May of the current year by 0.6% on the annual basis after a strong 0.8% rise a month before. It has been a first slump of retail sales in four months. At the same time, retail sales excluding the volatility items, such as fuel, fell only 0.3% May following a 1.1% gain in April.

Mon, 07 Jul 2014 15:17:08 GMT

TeliaSonera buys Tele2 Norway to increase market share

TeliaSonera, the biggest telecommunications operator in Sweden and Finland, agreed to buy the Tele2 AB companys's business in Norway. The total amount of the deal reaches $744. As supposed, the purchase will raise TeliaSonera's market share to 40% from current 23%. At the same time, today TeliaSonera shares are declining 0.6% to 49.63 kronor by 8:15 GMT in Stockholm.

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