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Japanese corporation Toshiba, following the results of the past fiscal year, published a report, according to which, its net profit increased by 25% and amounted to a record 1.01 trillion yen. At the same time, the company reported a drop in operating profit to 35.4 billion yen from 86.2 billion yen at the end of the previous fiscal year. Revenue totaled 3.69 trillion yen, also down from 3.95 trillion yen from last year. The Toshiba report says that its US business for the year showed strong financial results. At the same time, the results of its activities in European markets were disappointing against the background of continuing uncertainty regarding the UK exit from the EU, as well as the negative impact of the intensified trade conflict between China and the United States on demand in this region. Toshiba's stock price fell 0.7% in Tokyo during trading on Monday.
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 ...
KYC Policy