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Bayer, the German chemical and pharmaceutical concern, reported on its results for the fourth quarter and 2018 as a whole. In the fourth quarter, the company recorded a net loss of 3 billion 924 million euros, compared with a profit of 148 million euros in the same quarter a year earlier. At the same time, quarterly revenues of 11 billion 62 million euros showed an annual growth of 28.7%. The net profit of Bayer for the entire 2018 was at the level of 6 billion 480 million euros, dropping 9.1% over the year. The annual revenue of the pharmaceutical sector decreased by 0.6%, reaching 16 billion 746 million euros. The OTC division increased revenue by 7%. At the same time, the agricultural division increased by 49%. Revenues from sales of pet products fell by 4.5%.
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 ...
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 Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
KYC Policy