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The net profit of the German automotive company Daimler in the second quarter of 2018 was reduced to 1 billion 730 million euros from 2 billion 440 million euros for the same period last year. The decline was due to the negative impact of trade disputes and new US and Chinese customs duties on the sale of Mercedes-Benz cars. Revenue fell by 1.1% in annual terms and amounted to 40 billion 760 million euros while the analysts had predicted 42 billion 480 million euros. EBIT amounted to 2 billion 640 million euros, decreased by almost a third. The profitability of the Mercedes-Benz division decreased to 8.4% from 10% a year earlier, car shipments decreased by 1%.
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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, ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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