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According to preliminary data of the Chinese manufacturer of telecommunications equipment ZTE, due to sanctions from the US, its loss in the first half of the year could be from 7 billion to 9 billion yuan against a profit of 2 billion 300 million yuan for the same period a year earlier. The company estimated the loss per share in the range of 1.67 to 2.15 yuan. Earlier it was reported that after the company transferred the remaining $400 million to the target deposit as part of a fine for violations, it will be able to resume purchases of the US companies' products. For violation of the sanctions regime against Iran and North Korea, ZTE was fined 1 billion 400 million dollars. The US Department of Commerce also banned it from buying products from the American technology companies.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
Gold traded lower earlier on Thursday in Asia but still remained above the $1,800 mark for three consecutive days. Gold futures lost 0.04% to $1,819.95 per ounce at 10:22 PM ET (3:22 AM GMT), with the yellow metal holding on to gains from ...
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