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South Korean company Samsung Electronics warned about lower than expected financial results for the first quarter of this year, which was caused by weakening sales of memory chips and displays especially. According to the 2018 report, it was good sales of electronic components that accounted for 79% of its operating profit, although the company is the world's largest smartphone maker. Leading manufacturers of memory chips reduce their sales against the background of a lack of results in resolving trade disputes between the United States and China, as well as due to signals of a slowdown in economic growth in China. Samsung's announcement of a deterioration in earnings forecast for the first quarter was the reason for the decline in its shares by 0.55% on Tuesday after their value fell 2.3% on Monday.
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 ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
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 ...
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