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The revenue of the American corporation Starbucks, the owner of the world's largest chain of coffee houses, in the third fiscal quarter increased by 11.5% and reached a record level of 6 billion 310 million dollars. Experts had predicted a figure of 6 billion 250 million. Net profit rose to 852.5 million dollars from 691 million 600 thousand over the same period last year. Adjusted earnings were 62 cents per share, while analysts had predicted 61 cents. Global sales increased by 1%. In the US market, sales grew by 1%, in China - decreased by 2%.
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 ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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, ...
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