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Chinese electronics manufacturer Xiaomi Corporation following the results of the second quarter of 2018 recorded a net profit of 14 billion 630 million yuan against a loss of 11 billion 970 million yuan for the same quarter last year. The company's revenue increased in annual terms by 68% to 45 billion 240 million yuan. Analysts had expected the figure at 39 billion 180 million yuan. The smartphone production unit increased quarterly revenue to 30.5 billion yuan from 19 billion 220 million yuan a year earlier. Shares of Xiaomi during trading in Hong Kong on Wednesday went up by 1.6%.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
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