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On Friday, the British semiconductor manufacturer IQE published a forecast for the first half of the year and the whole of 2019, in which it stressed the risks that have increased based on expectations of serious consequences for other companies in connection with the US sanctions against Chinese Huawei. For IQE, this is already reflected in delays in placing its orders. The company estimates that semi-annual revenue will be in the range of 65 to 68 million pounds, with a market forecast of 68 million pounds. At the end of 2019, revenue is expected in the amount of 140 - 160 million pounds, which is lower than the experts' estimates of 175 million. The company also believes that the operating profit margin this year will be well below its previous forecast of 10%. IQE shares plunged 39% during trading on Friday in London.
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
China's Commerce Ministry stated on Thursday that it would take the 'necessary' measures in response to the United Kingdom's ban on Huawei Technologies Co Ltd (HWT.UL). The government agency said that it would severely damage China's investment ...
On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
Britain’s retail industry encouraged UK and EU negotiators to arrive at a post-Brexit trade deal. This came after the retail industry stated that consumers will endure higher prices from next year if a tariff-free trade is not guaranteed. Thousands ...
On Wednesday, Bursa Malaysia (KLSE) suspended public trading for low-cost carrier AirAsia Group Berhad (AIRA.KL) after an Ernst & Young external auditor gave an opinion about the airline’s ability to continue as a standing concern. “The ...
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