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German manufacturer of premium cars Daimler lowered its earnings forecast for 2018 before interest and taxes amid expectations that duties on deliveries of American cars to China will hit sales of Mercedes-Benz cars. The decrease in the forecast, which is also explained by the tightening of the norms for harmful emissions, provoked fears about the deterioration of forecasts by other companies in the sector. Analysts at Morgan Stanley believe that due to customs duties, the export of BMW off-road vehicles may suffer, while tightening requirements for car certification will hit all European automakers in the second half of 2018.
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 ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
KYC Policy