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The growth rate of sales of the French food company Danone in the third quarter declined sharply amid a decline in the volume of children's formula sold in China and dairy products in Morocco. Nevertheless, the company left the annual forecast unchanged due to increased sales of drinking water in Europe, where the weather was warm, and good quarterly results in North America, which the division for the production of dairy products and plant products showed. At the end of the quarter, comparable sales of Danone increased by 1.4% and amounted to 6 billion 186 million euros. Experts had expected a weaker growth rate of 1.2%.
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 ...
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, ...
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, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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