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American Proctor & Gamble, one of the world's largest producers of consumer goods, reported that in the first 9 months of the fiscal year ended in late March, its net profit increased by 15.4% compared to the same period a year earlier to 9 billion 203 million dollars. The company's third quarter report showed annual net profit growth of 9% to $2 billion 745 million and an increase in revenue of 1%. Good quarterly results allowed the company to increase the forecast for organic sales growth to 4% for the current fiscal year from 2-4% expected earlier.
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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