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In China, the slowdown in growth in manufacturing activity in April affected the profits of large Chinese industrial companies, aggregate figure of which fell by 3.7% from the same month a year earlier to 515.4 billion yuan. This was reported by the country's National Bureau of Statistics. In March, the fastest growth rate of their profits was observed in the last 8 months, when the figure jumped 13.9%. In the first four months of the year, Chinese industrial enterprises reduced profits by 3.4% in annual terms. Their aggregate figure was 1 trillion 810 billion yuan. Between January and March, company profits fell by 3.3%. In January-April, low investments in fixed assets and weak growth in industrial production were recorded. From January to April, telecommunications companies and manufacturers of electronic equipment reduced profits by 15.3%.
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 ...
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 ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy