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Japanese car manufacturer Nissan Motor reported on the results of the fiscal year, which ended on March 31. According to published reports, its operating income declined 1.8 times, reaching 318.2 billion yen. Net profit at the end of the year was at 319.1 billion yen. Its rate for the year fell by 57.3%. The company also reported a decrease in annual revenue by 3.2% to 11.574 trillion yen. The weak performance at the end of the year was due to one-time expenses of the company for the implementation of initiatives to improve the quality of sales in the United States, as well as the unfavorable business climate in the world. The number of cars sold during the earnings period was 5 million 516 thousand. Over the year, the figure fell by 4.4%. Decline in sales was recorded in the United States and Europe, while in Japan and China there was an increase in the indicator. The capitalization of Nissan has decreased by 5% since the beginning of the year.
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 dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
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 fell against its peers in early Asian trade as the debate between the Democrats and Republicans over the U.S. economic stimulus measures weighed on the market. The euro rose to its strongest level in over a year after EU leaders ...
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