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The German industrial group ThyssenKrupp, the largest steel producer in the country, gained a net loss of 131 million euros against the net profit of 120 million euros a year earlier following the third financial quarter ended June 30. Adjusted profit was 332 million euros, 1.9 times down year-on-year. Revenues increased by 2% to 11 billion 120 million euros. For 9 months of the fiscal year, the company's net profit fell to 230 million euros from 326 million euros over the same period last year due to one-time expenses associated with the establishment of a joint venture with Indian Tata Steel. By the end of nine months, revenue increased by 3% to 31 billion 700 million euros.
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
June had seen China’s factory gate prices falling for five consecutive months. This could be attributed to the novel coronavirus crisis dragging industrial demand. However, improvements monitored in some parts of the sector indicate ...
Lufthansa’s Chief Executive Officer Carsten Spohr announced on Sunday that the company would seek to avoid grounding and insolvency before a showdown between the airline’s biggest shareholder and the German government over the ...
KYC Policy