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German automaker Daimler reported a decrease in profit forecast in 2018 after it had announced a possible decrease in sales this year due to the expected introduction of additional duties by China on cars produced by American automakers. In addition, Daimler expects an increase in costs amid accusations about the lowering of CO2 emissions in diesel cars. In the third quarter, Daimler's profit before interest and taxes decreased to 2 billion 490 million euros from 3 billion 410 million euros in the same period a year earlier. The decline in the quarterly indicator was recorded in the division of Mercedes-Bens Cars, as well as in the divisions that produce trucks and buses.
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 ...
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 ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
KYC Policy