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Swiss supplier of commodities, Glencore, following the results of 2018, reported the fall in net profit to 3 billion 408 million dollars (1.7 times). Revenues amounted to 219 billion 754 million dollars, showing an increase of 7%. Adjusted EBITDA in the amount of 15 billion 767 million dollars also grew by 7%, not reaching economists' forecasts of 16 billion 140 million dollars. The company last year increased its net debt by 44% to 14 billion 710 million dollars, which exceeded the forecasts of experts. The company also reported that it intended to implement the program to repurchase shares worth $2 billion by the end of the year.
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 ...
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