SERBIA:

Etihad to cancel plane order – What will happen to Air Serbia?
Etihad Airways, which has a 49% stake in Air Serbia, is planning to cancel the acquisition of new aircraft, or at least substantially change its order from 2013 for as many as 160 planes. This is a scenario that the two major manufacturers of passenger aircraft – Boeing and Airbus – have been preparing for, Reuters reports. Etihad is considering its options for over 160 aircraft it has ordered, ranging from swapping models to delaying deliveries to outright cancellations, the sources told Reuters. A final decision could be based on a combination of the three options, one source said.
Source: Serbiamonitor

KMBN: Komercijalna reported RSD 1.9bn in 1Q18 net profit, down 20% y/y
Komercijalna Banka (KMBN) reported RSD 1.9bn in its 1Q18 net profit, down 20% y/y, due to the fact that position other revenues was far lower versus a year ago. Net interest income arrived RSD 3.1bnm down 4.8% y/y, probably due to drop in interest rates. We saw no any write-offs. Furthermore, RSD 231m was classified as a recovery. Credit activity basically stagnated, while the bank’s asset were down 0.5% YTD.
Source: KMBN, Ilirika

RTB Bor becomes a consolidated company
Following the merger between RTB Bor and the four dependent companies that operate under it, the mining giant will become a single, consolidated company. The decision on the status change was made by the Company’s Assembly, as this step is devised in the Pre-arranged Reorganization Plan (UPPR). All current employees of RTB will keep their jobs. The government says that the company’s consolidation is a step closer to finding a strategic partner that will be done via a public tender. Copper Mines ‘Bor’ and ‘Majdanpek’, smelter and refining facilities are now merged with the parent company – Mining and Smelting Basin (RTB). They share the same assets, will have one consolidated bank and expect this to result in significant savings.
Source: Serbiamonitor

REGION:

SBITOP up 0.41%
SBITOP gained 0.41% yesterday, with Gorenje as the most traded name. The stock delivered EUR 165ths in volume and it was a top gainer at the same time, since it jumped 6.58%. Major looser was Telekom Slovenije, with 1.43% daily decline.
Source: LJSE, ilriika

INO:

Dow jumps more than 150 points as energy shares rally after Iran deal fallout, European markets close higher
Stocks rose on Wednesday as energy shares jumped on the back of a strong rally in oil prices. The move higher follows President Donald Trump's decision to pull the U.S. out of the Iran nuclear deal. The S&P 500 closed 0.9 percent higher at 2,697.79, Dow Jones industrial gained 0.75%, while Nasdaq composite advanced 1 percent to close at 7,339.91.
Chevron and Exxon Mobil both rose more than 1.5 percent, while the Energy Select Sector SPDR Fund (XLE) gained 2 percent. U.S. oil rose 3 percent to settle at $71.14 per barrel.
In corporate news, Walmart dropped more than 4 percent. The retailer's stock fell after it agreed to buy 77 percent of Flipkart for $16 billion. Flipkart is am e-commerce company based in India.
European shares closed broadly higher Wednesday afternoon, as investors digested news that the U.S. is pulling out from the Iran nuclear accord. The pan-European Stoxx 600 ended 0.57 percent higher with most sectors and major bourses trading higher. Oil and gas stocks were the top performing sector, up by more than 2.6 percent by the end of European trade. These were supported by news that the U.S. is withdrawing from the Iran deal.
A network giant in Europe looks set after Vodafone announced it is to spend 18.4 billion euros to buy European assets from John Malone's Liberty Global. Subject to approval, Vodafone will buy Liberty's operations in Germany, Romania, Hungary and the Czech Republic.
Source: CNBC, Ilirika