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American company Caterpillar, specializing in the production of construction and mining equipment, engines and industrial turbines, following the results of 9 months of this year, showed an increase in net profit 2.5 times to 5 billion 99 million dollars. Revenues amounted to 40 billion 380 million dollars. Its growth in annual terms is fixed at 24%. The company's net profit in the third quarter also showed a significant increase – 1.6 times to 1 billion 727 million dollars. Earnings per share rose to 2 dollars 88 cents. Quarterly revenue of $13 billion 510 million dollars exceeded the forecasts of experts, who had expected 13 billion 240 million dollars. Annual growth was 18.4%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...
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