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The world's largest management company in the field of alternative investments, the Blackstone Group, following the results of the third quarter, reported an increase in net profit by 17% in annual terms to $442,700. This was facilitated by the increase in direct investment of the company in the corporate sector due to the rise of the stock market. The corporate investment portfolio increased in value terms by 7.5%. The company increased its assets under its management by 18% to 456 billion 690 million dollars. Dividends for the quarter will increase to 64 cents per share from 44 cents per share for the same period last year.
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 ...
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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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