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Telecom equipment and phone maker Nokia reported its sudden profit increase in Q2 on Thursday. It was supposed a higher demand as a reason for the company’s growth. The 2019 profit forecast was maintained. The company also reported its earning per share growth. In April-June this figure was at the level of 0,05 euros compared to an average forecast of 0,03 euros. Nokia’s representatives also reported its revenue increase by 7% to almost 5,7 bn euros in annual terms. The phone producer’s revenue exceeded the analysts’ expectations of 5,43 bn euros.
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 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
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, ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
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